All Top Story articles – Page 22
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Schirmer sentenced in Polar fraud case
Former Polar Air Cargo employee Robert Schirmer has been sentenced to 18 months in prison after pleading guilty last year to taking part in a scheme to defraud the US cargo airline out of millions of dollars. Ex-executive Schirmer pled guilty last October to one count of conspiring to commit ...
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Transpacific air cargo rates pick up in August as firm demand continues
Air cargo rates on the transpacific trade picked up in August as the busy market conditions continued and companies begin to eye what is expected to be a strong peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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New director for Challenge Technic
Challenge Group has appointed Petur Thor Gudjonsson as the new technical director at Challenge Technic in Reykjavik, Iceland.Gudjonsson brings over 20 years of experience in line maintenance, having worked with companies including Air Atlanta, SO Tech, Wow Air, and GMT. His expertise spans both Boeing and Airbus fleets."Since joining the ...
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Navigating air cargo's peak season
To avoid peak season meltdown, logistics providers and air cargo carriers must meet the challenges this time of year brings.Attacks on cargo ships in the Red Sea have caused maritime transport delays, diversions and sharply rising costs this year, and that’s having an impact on air cargo too, heightening demand.E-commerce ...
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Transatlantic capacity withdrawal set to drive up rates
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane. Demand is expected to remain the same on Europe-US and US-Europe routes because there aren’t any major drivers for change in the US and Europe ...
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Proposed ban on 777s at Brussels is withdrawn
The proposed ban on the operation of Boeing 777 aircraft at Brussels Airport at night has been withdrawn by Belgium's transport minister.The ban would have had a major impact on DHL Express' operations at the airport as it operates the widebody freighter to the Belgian hub.In June, outgoing transport minister ...
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E-commerce and maritime disruption benefits Asia Pacific airlines
Air cargo data for Asia Pacific airlines in July shows they continued to benefit from robust e-commerce demand and ongoing disruptions in maritime shipping.Preliminary July traffic figures released by the Association of Asia Pacific Airlines (AAPA) reveals a 12.3% year-on-year increase in international air cargo demand, measured in freight tonne ...
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NewsIATA: Double-digit growth in cargo demand continues in July
Air cargo demand continued to soar in July with the latest IATA statistics showing a year-on-year increase of 13.6% on the back of issues on the ocean and the continued e-commerce boom.The airline association said that cargo tonne kms had now registered a double-digit percentage increase for eight months in ...
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NewsVeyrac joins CargoAi's CargoWALLET
Olivier Veyrac. Photo: CargoAiCargoAi has appointed global payment expert Olivier Veyrac as senior vice president for payment solution at CargoWALLET.Prior to taking up his current role, Veyrac spent nearly eight years at San Francisco-based online global payments platform, Veem, most recently as vice president of business development.Before that he was ...
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NewsLiege Airport looks to enhance road-rail connectivity
Source: Liege AirportLiege Airport has invested in Liège Logistics Intermodal (LLI) as the two firms look to enhance rail and road connectivity with the Belgian airport.The partnership will see the airport take a 10% stake in LLI ahead of a series of investments in infrastructure.The first phase of the project ...
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Shippers urged to plan for peak as air cargo could overheat
Shippers have been urged to secure space and make contingency plans as the air cargo market is facing capacity shortages out of key Asian markets during the peak season, according to speakers on a webinar from Xeneta and Tiaca.Speaking on the webinar, Xeneta airfreight analyst Wenwen Zhang pointed to statistics ...
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NewsCMA CGM Air Cargo launches transpacific route with latest 777F
CMA CGM AIR Cargo 777-200F. Photo: CMA CGMCMA CGM Air Cargo has started a new transpacific route between Hong Kong International Airport (HKG) and Chicago O'Hare International Airport (ORD) using its recently delivered third Boeing 777-200 freighter operated by Atlas Air.The first commercial flight took place on August 25, connecting ...
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Canada's WestJet expands pet transport service to the UK
WestJet Cargo has expanded its pet transportation services from Canada to London Gatwick (LGW), London Heathrow (LHR) and Edinburgh (EDI).This expansion, using belly capacity, comes in response to the growing demand for secure and reliable international pet travel between Canada and Europe, said the Canadian airline.The carrier operates flights between ...
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NewsEFIS Maroc appoints new commercial director
Zouber Hachemaoui. Source: ECS GroupAir cargo sales agency EFIS Maroc - part of the ECS Group - has appointed Zouber Hachemaoui as its new commercial director.Under Hachemaoui leadership, the company will focus on "expanding its reach and providing tailored solutions to its customers".His appointment is part of ECS' efforts to ...
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China's freighter fleet to triple by 2043
China's freighter fleet is expected to nearly triple by 2043, with demand stimulated by its booming e-commerce sector.Boeing's 2024 Commercial Market Outlook (CMO) for China found that 170 freighter deliveries are expected between 2024 and 2043. This number includes both newbuild and conversion models."China's commercial aviation market for passengers and ...
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Forwarders and shippers push for longer term air cargo deals
Freight forwarders and shippers are continuing to push for longer term air cargo deals as they look to avoid potential rate hikes due to the risk of supply chain disruption.A half-year market report from analyst Xeneta shows that contracts of more than six months accounted for 54% of the market ...
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NewsAstral begins China-Kenya freighter route
Photo: Astral AviationAstral Aviation has added China to its network with a new route from Guangzhou to Nairobi with an onward connection to Maputo in Mozambique.Air Charter Service Hong Kong was the launch customer for the new route which will be served by a 767 freighter, said Astral."Initially we will ...
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NewsWFS becomes first cargo handler at Schiphol to introduce electric towing vehicles
Photo: WFSSATS-owned Worldwide Flight Services (WFS) has become the first cargo handler at Amsterdam Airport Schiphol (AMS) to introduce electric cargo towing vehicles.Supplied by vehicle partner, TCR, the Goldhofer Sherpa E6 towing trucks are being used to support WFS’ ramp and cargo handling services for more than 50 airlines at ...
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NewsSwissport wins Frankfurt Airport ground handling license
Photo: SwissportSwissport has secured a seven-year license to provide ground handling services at Frankfurt Airport from February 1 2025 until January 2032.The cargo handler has been operational at Frankfurt Airport since 1995. Swissport currently provides airport ground handling, air cargo handling and fuelling services at 15 airports in Germany, but ...
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Reports: DSV and CVC bid €14bn for DB Schenker
DSV and a private equity consortium led by CVC have reportedly individually put in binding bids of around €14bn for DB Schenker.This is according to people familiar with the matter, Bloomberg has reported as the race to buy Deutsche Bahn’s freight forwarding subsidiary has narrowed to just the two bidders ...