All Top Story articles – Page 154
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News
Avianca Cargo adds three service levels
Avianca Cargo has launched three service levels based on the speed of service required.The Latin American carrier's three new service levels are named Priority, Standard and Standby.Priority guarantees the shipments are transported on booked flights, which the carrier said is ideal for urgent shipments.Standard will provide a balance between urgency ...
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SATS secures funding plan for WFS takeover
Aviation services company SATS has finalised its funding plan for the proposed acquisition of cargo handler Worldwide Flight Services (WFS).The funding plan for the total acquisition cost of S$1.8bn is a mix of term loan and renounceable underwritten rights issue, with the remaining amount financed by internal cash balance.The loan ...
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NewsWestbound Logistics continues to expand in China
Westbound Logistics Qingdao. Photo: Westbound LogisticsWestbound Logistics has opened a new office in Qingdao as part of its ongoing expansion in China.The new facility is the company's fifth office in the country, following Shenzhen, Shanghai, Hong Kong and Ningbo.Westbound China director Michael Lee commented: “We are very pleased to be ...
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Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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NewsNatilus partners with Janicki for autonomous aircraft composite manufacturing
3.8T payload short-haul feeder UAV. Photo: NatilusUS autonomous cargo aircraft developer Natilus has partnered with engineering and manufacturing company Janicki for composite part design and fabrication for its 3.8T prototype long-term short-haul air cargo feeder.Scheduled to fly in 2024, the 3.8T is a mostly composite, blended-wing body, autonomous aircraft.The company ...
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DB Schenker set for reorganisation
Freight forwarding giant DB Schenker is planning to restructure in order to "simplify" and "reduce administration costs", according to Air Cargo News sister title DVZ.Following up on reports in the Loadstar, sources confirmed to the German publication that the move would streamline management at individual country level, replacing them with ...
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NewsIAG Cargo flies charity sports equipment for Pakistan schools hit by flooding
Donated cricket equipment. Photo: IAG CargoIAG Cargo is transporting 1.2 tonnes of donated cricket equipment into Pakistan that are destined for schools affected by recent flooding.The cargo division of International Airlines Group (IAG) is working with the UK Foreign, Commonwealth & Development Office, England and Wales Cricket Board (ECB), Lord’s ...
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AAPA: air cargo demand “declined markedly” in October
International air cargo demand “declined markedly” in October, said the Association of Asia Pacific Airlines (AAPA).The association said October’s preliminary traffic figures for Asia Pacific airlines show international air cargo demand declined by 13.9% year on year in freight tonne km (FTK) terms, amid a downturn in export markets for ...
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Air cargo suffers largest demand drop of 2022 in October
Air cargo demand suffered the largest percentage decline of the year so far in October but there is the hope of some peak season pick-up.The latest statistics from IATA show that air cargo tonne km declined by 13.6% year on year in October while capacity was down 0.6% and load ...
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American Airlines Cargo looks to an expanded transatlantic network
American Airlines Cargo is hoping to benefit from the addition of two new origins to its transatlantic winter network.The cargo business said that during this year's winter season it will be able to offer direct capacity from 11 European cities and 11 US destinations - two more than last year ...
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NewsNew MD for ASL Airlines France
Eric Vincent. Source: ASL. Copyright: David O'Shea PhotographyEric Vincent has been appointed as managing director of ASL Airlines France following the departure of Jean-François Dominiak.Vincent has been director of sales and programme in ASL Airlines France, and a member of the airline’s Executive Management Team since 2009.Since then, he has ...
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NewsDSV offsets carbon emissions with Etihad flight
Source: Etihad CargoDSV has become the first company to purchase Etihad Cargo sustainable aviation fuel (SAF) to offset the carbon emissions of a flight.Etihad Cargo transported DSV's cargo shipment from Washington Dulles to Abu Dhabi on Etihad's first transatlantic NetZero flight on November 13.The B787 flight also utilised contrail prevention ...
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Atlas Air takeover moves ahead after shareholders' approval
The takeover of Atlas Air Worldwide Holdings took a step forward yesterday when the firm's shareholders voted to approve the deal.More than 99% of the shareholder votes cast were in favor of the adoption of the agreement, which represented approximately 80.9% of the outstanding shares of company's common stock.The final ...
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NewsCool Chain Association membership grows
Miguel Rodríguez, senior manager climate control products, Qatar Airways. Photo: Cool Chain AssociationThe Cool Chain Association (CCA) has added four members and appointed a new treasurer.CCA has welcomed Brussels Airport, Boeing, Singapore Airport Terminal Services (SATS), and Validaide as members.It has also appointed Miguel Rodríguez, senior manager climate control products, ...
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NewsSaudi Arabia to invest in huge airport and logistics hub
Source: Public Investment FundSaudi Arabia has announced plans to transform Riyadh Airport into a six-runway airport and logistics hub that will have capacity to handle 3.5m tons of cargo by 2050.The King Salman International Airport site is understood to include King Salman International Airport and will cover an area of ...
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Cathay Pacific hungry for freighters
Cathay Pacific is in talks to acquire more freighters to expand its air cargo capacity.Chief customer and commercial officer Ronald Lam said that the airline is in active discussion with OEMs (original equipment manufacturers).The plans concern acquisitions post-2025, but Lam did not say how many aircraft were being discussed.Speaking during ...
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NewsMSC Air Cargo prepares for take off as first freighter arrives
Source: MSC Air CargoMSC Air Cargo will soon launch operations as its partner airline Atlas Air has taken delivery of the first freighter that it will operate on behalf of the shipping company.Atlas Air said that is had today taken delivery of a B777-2oo freighter that it will operate on ...
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Call for road-air to be allowed for Hong Kong e-cigarette transhipments
The Hong Kong Association of Freight Forwarding and Logistics (HAFFA) has called for the easing of a ban on the transport of e-cigarettes due to its impact on the air cargo sector.Earlier today, Hong Kong's Legislative Council (LegCo) Panel on Economic Development met to discuss easing the ban on the ...
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FedEx predicts soft peak season for e-commerce in Europe
Express giant FedEx is predicting a soft peak season for e-commerce volumes in Europe due to economic pressures.The company said that last year it shipped more than 11m e-commerce parcels across Europe, which was 15% up on an already strong 2021, but this year volumes are expected to drop.Karen Reddington, ...
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DHL: No increase for peak season volumes and flat growth into 2023
Air cargo volumes remain low with peak season volumes unlikely to increase, according to DHL Global Forwarding’s November 2022 ‘Air Freight State of the Industry’ Report.“Volumes (are) expected to witness flat growth even in first two quarters in 2023,” said the report.Most of the major trade lanes experienced year-on-year declines ...