All Top Story articles – Page 57
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NewsTeleport signs up with CargoWise
Source: TeleportSoutheast Asia air logistics provider Teleport has signed up to place its capacity on freight forwarder platform CargoWise.The move will allow forwarders that have implemented the WiseTech Global-owned platform to manage supply chain operations to plan, book, confirm and manage shipments on the carrier in real time."The direct data ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
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NewsLufthansa Cargo revenues fall in 2023 as rates cool
Lufthansa Cargo reported a year-on-year revenue drop of 36% in 2023 due to rates normalising after the highs seen during the pandemic era.The cargo arm of German airline Lufthansa recorded revenue of €2.98bn in 2023, a drop of 36% from €4.6bn in 2022.Lufthansa Cargo also generated an adjusted ebit of ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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NewsJettainer promotes Riekert to chief commercial officer
Thorsten Riekert. Photo: JettainerULD specialist Jettainer has appointed its chief sales officer Thorsten Riekert as chief commercial officer.In this newly created position, Riekert will be responsible for Jettainer’s commercial strategy aiming at advancing the company’s global growth trajectory.Jettainer said the appointment of Riekert to chief commercial officer is an integral ...
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News
DHL's airfreight volume decline slows in Q4 2023
DHL Group's airfreight volumes in the fourth quarter of 2023 continued to suffer from reduced air cargo demand, but the quarter was a marked improvement on earlier in the year.Fourth quarter airfreight volumes were down 3.6% year on year to 433,000 tons. Year on year, this compares to -12.2% in ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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NewsQatar Cargo waves goodbye to its last Boeing 747 freighter
Source: Qatar Airways CargoQatar Airways Cargo has exited Boeing 747 freighter operations after the model conducted its final flight for the Doha-headquartered airline last week.The aircraft (A7-BGB) completed its final flight from Barcelona to Doha on March 1.The carrier said that it had decided to exit the operation of the ...
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NewsDHL not looking to buy DB Schenker
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Group has declared itself out of the running for acquiring DB Schenker following much speculation over which company will buy the freight forwarder.The German logistics company's chief executive Tobias Meyer said on March 6 that DB Schenker was determined "not a good ...
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Cargolux takes a stand on disposable e-cigarettes
Cargolux will no longer transport disposable electronic cigarettes in response to concerns over their impact on health and the environment.The all-cargo airline said that the ban would also apply to its Cargolux Italia and comes in response to "growing concern about the adverse effects of these products on both public ...
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Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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NewsMenzies wins Belgrade Airport cargo handling contract
Photo: Menzies AviationMenzies Aviation has begun providing full ground handling services at Belgrade Nikola Tesla Airport in Serbia.From March 5, the aviation services provider will provide air cargo services, alongside ramp handling and baggage, de-icing, passenger and PRM services at the airport, operated by VINCI Airports since December 2018.The contract ...
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Insights
Air cargo momentum grows in India’s State of Tamil Nadu
India’s southern state of Tamil Nadu is rapidly expanding air cargo infrastructure and throughput handling.The state hosts India’s second-largest air cargo capacity with a total share of 28.3%, according to national government statistics.The state also has the highest number of container freight stations (CFSs) and Warehouse Development and Regulatory Authority ...
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InsightsWhat's driving Asia-Europe trade?
E-commerce is proving key for Asia-Europe trade, even as the Red Sea - Suez Canal shipping crisis throws up near-term opportunities.Trade flows have been sent into chaos amidst the outbreak of global conflict. Attacks against international shipping in the Red Sea is just the latest conflagration to have forced a ...
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InterviewsIt’s not only rock and roll, but I like it
Rock-it Cargo may be seen by envious competitors as the glamour boys of the freight industry but it’s much more about hard work than hanging out with the stars. Working for the world’s leading events freight forwarder is many things – exciting, satisfying, demanding, at times frustrating – but very ...
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Insights
Putzger perspective: New alignments - to passenger aircraft
Some carriers appear to have lost their appetite for freighters with plans to scale back conversions, but is cargo still valued? Global Crossing Airlines is changing direction. The Miami-based carrier has pressed the pause button on the expansion of its cargo operations in order to fly more passengers. Furthermore, company ...
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Insights
Airfreight's role in the Red Sea shipping crisis takes shape
Supply chains continue to be under threat due to the Red Sea shipping crisis, and airfreight is busy establishing its role in the situation.Since October 19 last year, missile attacks on ships in the Red Sea by Houthi rebels have caused fractures in the international supply chain.But with approximately 15% ...
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News
Kerry Logistics takes a majority stake in Business by Air
Kerry Logistics Network has acquired a majority stake in French freight forwarder Business By Air SAS (BBA) to strengthen the firm's position in the Europe, Middle East and Africa region.Kerry said that BBA specialises in industrial clients covering verticals such as automotive, aerospace and pharmaceuticals and has acted as its ...
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NewsSwissport Tanzania gains IATA CEIV Fresh certification
Photo: SwissportSwissport Tanzania has been awarded IATA CEIV Fresh certification for its air cargo logistics operations at Julius Nyerere International Airport in Dar es Salaam (DAR).The new certification positions Swissport as the only air cargo handler to meet this standard at Julius Nyerere International Airport.The achievement in Tanzania complements Swissport’s ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...