All Top Story articles – Page 65
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Airbus Beluga Transport gains approval for US flights
Airbus Beluga Transport (AIBT) has been granted permission to conduct flights between Europe and the US.The carrier gained its AOC in November last year and has already conducted flights in the European Union (EU) using its fleet of BelugaST freighters.It applied for a Foreign Air Carrier permit from the US ...
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UPS to cut 12,000 jobs as market downturn bites
UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of continuing market weakness.The express giant's chief executive Carol Tomé said the job cuts would save the company $1bn per year. UPS is also considering selling its Coyote truck brokerage business.Most ...
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NewsAAPA: Asia air cargo demand down 2.8% in 2023
Preliminary traffic figures for 2023 released by the Association of Asia Pacific Airlines (AAPA) showed international air cargo demand declined by 2.8% year on year.AAPA reports last year reflected continued weak demand in the market, and this only started to change in the last quarter of the year.Reflecting on the ...
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NewsQatar Airways appoints new head of cargo
Mark Drusch. Source: Qatar CargoQatar Airways Cargo has appointed Mark Drusch as its chief officer cargo to replace Guillaume Halleux who left the role in September last year.The carrier said that Drusch, described as a "well-known figure in the aviation world" would take up the role at the world's largest ...
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IATA: Air cargo improves in December but declines for the full year
Air cargo demand surged in December last year but it was not enough to push overall figures for the year into positive territory.IATA figures show that air cargo tonne kms (CTK) for December were up 10.8% year, but CTKs for the whole year were down 1.9% on 2022 levels and ...
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NewsCathay Cargo Terminal goes fully digital on import collection
Cathay Cargo Terminal. Photo: Cathay PacificCathay Cargo Terminal (CCT) has become the "first" Hong Kong cargo terminal operator to provide end-to-end digitalised import collection.Forwarders at CCT now have access to Electronic Shipment Release Forms (eSRF) which were created to offer a faster and more efficient service."The eSRF functionality speeds up ...
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NewsUPS still struggles with revenues in Q4
UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and international segments.The express giant announced consolidated revenues of $24.9bn in the fourth quarter of last year, a 7.8% decrease from the fourth quarter of 2022.Meanwhile, consolidated operating profit was $2.5bn, ...
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Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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NewsTurkish Cargo adds three pharma service levels
Source: Turkish CargoTurkish Cargo has expanded its pharma offering with three new standards to meet varying demands from customers.The three pharma products are named TK Pharma Standard, TK Pharma Extra and TK Pharma Advanced and include various levels of service.TK Pharma Standard shipments are moved in compliance with industry standards ...
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DSV and Schneider Electric launch green multimodal shipping model
DSV and energy firm Schneider Electric have launched an "industry-first" multimodal shipping model using sustainable aviation fuel (SAF) to help green the supply chain.Together with Schneider Electric, freight forwarder DSV has deployed multimodal shipping bridges between Singapore and France and Shanghai and France that reduce Scope 3 carbon emissions from ...
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Etihad Cargo achieves IATA CEIV Li-batt certification
Etihad Cargo has achieved the International Air Transport Association's (IATA) Centre of Excellence for Independent Validators Lithium Batteries (CEIV Li-batt) certification.The carrier is the third Middle Eastern airline to attain this certification and has become only the fifth airline globally to achieve CEIV Pharma, Fresh, Live Animals and Li-batt certifications.CEIV ...
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Flexport set for another round of job cuts
Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year.Tech publication The Information last week reported that the forwarder will cut 20% of its staff, equating to around 500 people.The company last year cut 20% of its staff in mid-January as it was ...
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NewsIATA WCS 2024 roadmap highlights diverse agenda
Hong Kong Airport. Photo: Travelpixs/ shutterstockThe 2024 IATA World Cargo Symposium (WCS) 2024 will offer plenary sessions, specialised streams, workshops, and executive summits, tackling topics including technology, innovation, security, customs, cargo operations and sustainability.Delegates of the IATA WCS 2024 can find the event roadmap here.On Monday March 11, IATA WCS ...
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NewsChapman Freeborn adds to Americas team
Chapman Freeborn has appointed Leo Teplitskiy as director of key cargo accounts for the Americas.In his new role, Teplitskiy will oversee all account operations of Chapman Freeborn’s air cargo team to further expand the company’s client and supplier base across the region.This will include the development of new business and ...
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NewsFinnair and WFS pair up for Paris cargo handling
Finnair aircraft. Photo: WFSFinnair has appointed Worldwide Flight Services (WFS) to provide cargo warehouse handling at Paris Charles de Gaulle Airport in France.The logistics specialist and ground handler will also support the airline with domestic trucking services and cargo reception points across France.Finnair operates 28 wide- and narrow-bodied passenger flights ...
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NewsGlobalLink Logistics partners with Turkish Cargo
Photo: Turkish Cargo/ Globalink LogisticsGlobalLink Logistics has been appointed as the sales agent for Turkish Cargo in Turkmenistan."This partnership will bolster our comprehensive range of services, including Road Feeder Service, Dangerous Goods Management, and Express Freight Service. We continue to provide real-time shipment tracking for reliability and transparency," said GlobalLink ...
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US carriers see cargo revenues slide in 2023
The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure.United Airlines - the largest of the three in terms of cargo volumes - registered a 31.1% year-on-year decline in cargo revenues in 2023 to $1.5bn.At American Airlines there was a 34.1% ...
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Two-month delay to ANA's Nippon Cargo takeover
All Nippon Airways (ANA) has again delayed its takeover of freighter carrier Nippon Cargo Airlines (NCA) as regulators continue to examine the deal.ANA had been hoping to complete the transfer of shares on February 1 but this has now been pushed back until April 1.The Tokyo-headquartered carrier explained that the ...
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NewsATI president O'Grady retires
O'Grady (L) and Betson (R). Source: ATSG via Business WireAir Transport Services Group (ATSG) airline subsidiary Air Transport International (ATI) has appointed a new president following the retirement of James O'Grady from the role.O'Grady has served as president of ATI since January 2016 and prior to that had been chief ...
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NewsMightyFly unveils new cargo drone
Source: MightyFlyAutonomous drone firm MightyFly has unveiled a new cargo aircraft and gained approval for a US air corridor.The new Cento eVTOL can carry around 45 kg more than 950 km. MightyFly said the aircraft’s cargo bay is significantly larger than its second-generation predecessor."This enlarged cargo bay will allow the ...