All Top Story articles – Page 26
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NewsChina Airlines and Frankfurt Cargo Services extend partnership
Photo: China AirlinesChina Airlines has struck a new multi-year cargo handling contract with Worldwide Flight Services (WFS) subsidiary Frankfurt Cargo Services (FCS) that will extend the partnership of the companies at Frankfurt Airport to more than 25 years.Taiwan-headquartered China Airlines signed its first cargo handling agreement with FCS in 2000. ...
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NewsWFS wins handing contract with Turkish in Denver
Photo: Turkish AirlinesWorldwide Flight Services (WFS) has won a three-year contract from Turkish Airlines for ramp handling services at Denver International Airport in Colorado, US.Under the contract, WFS will provide services including include ramp, aircraft pushback, baggage handling, cargo loading/unloading, airside cargo transportation to and from the aircraft, and cabin ...
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News
Expeditors: Buy rates put pressure on profits in erratic Q2
Expeditors saw its profits decline in the second quarter of the year despite increases in airfreight revenues and volumes.The Seattle-headquartered forwarder saw second-quarter airfreight volumes increase by 15% and air revenues improve by 14.5% to $860.3m. However, airfreight expenses rose by 22.9% compared with last year.There was a similar trend ...
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News
Korean signs Asiana cargo sale agreement with Air Incheon
Korean Air has today signed a "basic business sale agreement" with Air Incheon for Asiana Airlines' cargo business.The agreement follows June's announcement that Air Incheon had been named as the preferred bidder for the sale of Asiana's cargo business as part of Korean Air’s acquisition of Asiana Airlines."The transaction amount ...
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Cathay Pacific reports increases in cargo revenues and traffic in H1
Cathay Cargo saw its revenues and cargo traffic increase in the first half of the year as it benefitted from rising demand for e-commerce shipments and extra belly capacity.The cargo business saw first-half revenue increase 1.5% year on year to HK$10.9bn, while cargo traffic was up 4.6% to 4.1bn cargo ...
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NewsEtihad Cargo announces new regional structure
Photo: Etihad CargoEtihad Cargo has changed its organisational structure into four regions to support business development and growth as well as improve customer experience.The carrier claimed its new structure will enable the carrier to align more closely with the needs of its customers with a new allocation of regions and ...
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NewsNew cargo airline Fly Khiva adds flights to Liege
Source: Liege Airport. Copyright: All rights reservedRecently-launched cargo airline Fly Khiva Group has added freighter flights to Liege as part of its services from Asia to Europe via its home hub of Tashkent.The new flights will be operated by the airline's single Boeing 767-300 converted freighter three times per week.The ...
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CargoAi adds quotation tool
CargoAi has added a new tool to its booking portal that allows forwarders to create real-time quotations for customers.The Shipper Quotation Module will "significantly" reduce "the back-and-forth routine between procurement and sales teams" the software firm claimed.It works by enabling forwarders to generate quotes in retail time in response to ...
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NewsNew chief executive for Magma Aviation
Peter Kerins. Photo: Magma AviationUK freighter firm Magma Aviation has appointed Peter Kerins as chief executive to steer its growth strategy.Kerins brings over 30 years of aviation and logistics experience to his new role, having began his career in 1991 in freight forwarding sales.He has since worked at a variety ...
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NewsLATAM Cargo to add Europe capacity following rivals' transatlantic cutbacks
Copyright: Felipe Cantillana Photo. Source: LATAM Cargo LATAM Cargo will add extra capacity to the Latin America-Europe trade lane following Qatar Airways and Air France KLM Martinair’s decision last week to remove services from the market. The South American carrier yesterday announced it would add two weekly ...
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Bangladesh air cargo market faces logjams following protests
The Bangladesh air cargo market faces delays and sky-high rates after weeks of protests against the government and deadly clashes between police and demonstrators.Reports suggest the situation in the country today appears to be easing after prime minister Sheikh Hasina yesterday resigned and fled the country.However, the air cargo market ...
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NewsAir Europa Cargo adds capacity to cargo.one
Photo: cargo.oneAir Europa Cargo has placed its capacity on digital air cargo booking platform cargo.one to offer freight forwarders improved access to capacities connecting Europe and the Americas.From late summer, freight forwarders in selected cargo.one markets throughout EMEA and Latin America can book Air Europa Cargo capacity for general cargo, ...
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NewsHong Kong Air Cargo signs MoU with ZTO Express
Photo: Hong Kong Air CargoHong Kong Air Cargo (HKAC) has signed a strategic cooperation memorandum of understanding (MoU) with Chinese logistics company ZTO Express Group to strengthen their partnership in the air cargo sector.ZTO is a major express delivery company in China and one of the largest express delivery companies ...
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NewsModern Logistics targets fleet and network growth
Modern Logistics 737-800BCF. Photo: Modern Logistics Brazilian integrated logistics company Modern Logistics will begin the first phase of its international expansion strategy later this month and has further plans to expand its fleet. As previously announced, the expansion strategy comprises two stages. The initial phase will begin ...
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IndiGo begins new India-China freighter route
IndiGo CarGo has begun operating freighter flights between Kolkata in India and Ezhou in China as it continues to expand its network.The freighter flights between Netaji Subhash Chandra Bose International Airport (CCU) and Ezhou Huahu Airport (EHU) in central China’s Hubei Province will operate three times a week, said Mark ...
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Air Incheon gains support for Asiana cargo bid
Air Incheon's plan to acquire Asiana Airlines’ cargo business is gaining momentum with reports that Hyundai Glovis may invest in a consortium led by the airline.Republic of Korea (ROK)-based logistics company Hyundai Glovis said it is considering an investment after Air Incheon was named as the preferred bidder for Asiana ...
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Insights
New UK government shines spotlight on aviation
The new government came into power one month ago and it is encouraging that several initiatives have already been announced to support the aviation sector.Airfreight has a critical role to play in boosting economic growth, already contributing £230m of the £185bn logistics businesses add in value to the UK economy.Recent ...
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IAG Cargo revenues improve in Q2
IAG Cargo has registered a year-on-year improvement in cargo revenues for the first time since the first quarter of 2022.The cargo business of the IAG Group saw its second-quarter cargo revenues increase by 1.1% compared with last year to €283m.Since 2022 the air cargo market has been affected by the ...
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Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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DSV and Dimerco warn of tight peak out of Asia despite freighter moves
DSV and Dimerco are warning of tight capacity out of Asia for the peak season despite carriers re-allocating capacity from trades with overcapacity.In a market update, Taiwan-headquartered forwarder Dimerco said it was important for customers looking to ship from China to the US and Europe to plan for the fourth ...