Friday, June 21, 2024

Airfreight vs ground shipping

Product-based businesses must decide whether airfreight or ground shipping is best for them. Choosing the right shipping routes has become increasingly complex with rising fuel costs and environmental concerns. In this article, we’ll explore the pros and cons of airfreight vs. ground shipping and the cost comparison between them. We’ll also look at factors to […]

Coastair Group appoints three new directors

The Senior Management team of Coastair Group, a full-service airfreight agency, has announced the appointment of three new directors within the company. Read more: Chris Krebs and Pam Braden join Pangiam board “These three great talents, Jerome Bollaers – corporate director, Pierre Beauve – operations director and Gerd Pieron – commercial director are aspiring to […]

Seko Logistics enters new phase of global airfreight growth

SEKO Logistics is signalling their next phase of international airfreight growth with two global appointments to leverage opportunities from client demand for critical products, expansion of cross-border e-commerce, and new business from acquired companies. Christopher Gregg joins SEKO as Senior Vice President Global Airfreight from his previous role as Vice President Airfreight, North America, at […]

IATA: Demand falling despite pause in tariff hikes

Global air cargo demand is continuing to fall despite the pause in tariff hikes, the International Air Transport Association (IATA) reports. Freight tonne kilometres were down 4.5% in September, the 11th consecutive month of year-on-year declines, marking the longest period since the global financial crisis in 2008. Capacity measured in available freight tonne kilometres rose […]

WorldACD: Negative results are getting boring

September did not bring any improvements in global air cargo, with worldwide volumes continuing to shrink according to WorldACD. Admitting that the continuous bad news is getting boring, WorldACD reports that worldwide volumes were down 5.4% year-on-year, with yields in US dollars falling 11.5% and revenue by 16.3%. All origin regions suffered, especially Asia Pacific, […]

WorldACD: Things are getting (marginally) less bad

After a dismal start to the year, July proved to be a less bad month with a year-on-year fall of only 4.2%, according to WorldACD. The fall in July compared to June being down 8.9%, but WorldACD says that looking at the figures closely, the two months were quite similar. June had five Sundays compared […]

A day in the life of airfreight

In ACW’s issue of June 24, we are producing a Cargo Airline Survey.. I would like to create a ’Day in the life of Airfreight’ feature. This would cover what happens in airfreight between 00:01 and 23:59 on Wednesday, May 29, 2019 in your location, your timezone. This would cover the number of flights handled, […]

IATA: Demand picks up in April but global trade is softening

After a slow month in March, global airfreight picked up in April with freight tonne kilometres (FTK) rising 4.1 per cent, says the International Air Transport Association (IATA). The association says that demand in March fell to a 23-month low, down to 1.8 per cent, before picking up again in April but growth remains significantly […]

Logistics industry needs young blood to fill staffing shortfall

Logistics firms at targeting students as young as 14 to create more interest in the profession and fill the staffing shortfall in the future. According to Career Ready head of logistics, Ian Nichol the industry is expected to need an additional 1.2 million employees by 2022 and though it has a ready made training programme, […]

IATA: Rising protectionism poses risks to prosperity

Air cargo demand remained strong in February but the International Air Transport Association (IATA) has warned that rising protectionism poses a severe risk to prosperity. Demand measured in freight tonne kilometres (FTK) increased 6.8 per cent in February and by 7.7 per cent in the first two months of the year, the strongest start to […]

Panalpina ends 2017 with record profits and airfreight volumes

Panalpina has ended 2017 with record volumes and profitability for airfreight, with the whole company seeing growth in revenue and profits. Airfreight volumes increased eight per cent from 921,400 tonnes in 2016 to 995,900 tonnes in 2017, the highest in the company’s history. Gross profit per tonne was down one per cent to 642 Swiss […]

IATA: Air cargo flying after strongest year since 2010

Airfreight demand grew at its fastest rate since 2010, with freight tonne kilometres (FTK) increasing nine per cent in 2017, the International Air Transport Association (IATA) reports. The growth in 2017 was more than double the rate in 2016 and was sealed by solid results in December, when demand grew by 5.7 per cent, which […]

WorldACD: Respectable April growth but figures remain unclear

Worldwide air cargo volumes grew a respectable 7.7 per cent in April but WorldACD says it is hard to tell what to make of March-April figures. It says March results were “somewhat inflated”, particularly in Europe due to the late Easter, with year-on-year outbound growth of 19 per cent followed by five per cent in […]

Airfreight grows at fastest rate since 2010 with 14% growth in March

Global airfreight has grown at rates not seen since October 2010 with freight tonne kilometres (FTK) expanding 14 per cent in March, topping off a very strong first quarter. The strong airfreight demand is consistent with an increase in world trade and a six-year high in new export orders. An increase in the shipment of […]

Margins remain under pressure at Panalpina despite air volume growth

Margins remain under pressure in the first quarter for Panalpina with consolidated profits down to 12.4 million Swiss francs ($12.4 million), though airfreight volumes grew eight per cent. Across the group, net revenue fell from CHF1.3 billion in the first quarter of 2016 to CHF1.27 billion this year, with gross profit falling from CHF17.3 million […]

Profits slip at Kuehne + Nagel but revenue grows

Profits for Kuehne + Nagel dipped 2.4 per cent in the first quarter of 2017 despite revenue increasing by 7.2 per cent. The company made a profit of 165 million Swiss francs ($165.4 million) in 2017 compared to CHF169 million during the same period of 2016. Net turnover was up from CHF4 billion in the […]

ACI: Hong Kong retains position as world’s busiest cargo hub in 2016

The world’s top 20 cargo airports grew 3.3 per cent in 2016 as air cargo markets experienced a revival in the second half of 2016, Airports Council International (ACI) revealed in its 2016 world airport traffic rankings. The top 20 handled 47.4 million tonnes between them, representing 44 per cent of global volumes between them. […]

AAPA: Healthy start to the year for Asia Pacific

Air cargo has had a “healthy” start to the year with 7.6 per cent growth in the first two months of 2017, according to the Association of Asia Pacific Airlines (AAPA). Freight tonne kilometres (FTK) were up to 9.96 billion, with capacity rising 2.5 per cent to 16.68 billion available FTK, helping push load factors […]

$224m loss in 2016 for CEVA

Losses at CEVA have grown to $224 million for 2016 while revenue also dipped to $6.6 billion. Total comprehensive loss for the period net of income tax was up from $196 million and revenue was down 4.5 per cent from $6.9 billion. Freight management revenue was down from $3.1 billion in 2015 to $3 billion […]

IATA: Air cargo outperforms expectations in 2016

Freight volumes outperformed forecasts in 2016 with 3.8 per cent growth helped by strong recovery in the second half of the year, the International Air Transport Association (IATA) says. Global airfreight volumes had a weak start to the year but picked up in the second half with a strong peak season, increased shipments of silicon […]

Air battling with sea for increased market share

Getting food to a customer’s plate as fresh, tasty and nutritious as possible has been the mantra of retailers and growers for hundreds of years. Where in the past this may have involved a quick cart ride from farm to village market, today’s globalised world means making the best use of freight options either by […]

Global airfreight forecasted to grow 3.2% up to 2021

The global airfreight market is forecasted to grow by 3.2 per cent annually between 2016 and 2021 following years of weak growth, according to data from research company MarketLine. The report says the airfreight industry saw compound annual growth rate of 0.7 per cent between 2012 and 2016, reaching $101.3 billion, but this is expected […]

AAPA: strongest month this year for air cargo demand

Preliminary traffic figures for October released today by the Association of Asia Pacific Airlines (AAPA) show a strong increase in air cargo demand. AAPA says the pick-up in international air cargo demand, which began in the middle of the year, extended to the month of October with a firm 7.1 per cent rise measured in freight tonne […]

Second Turkish Cargo flight gives Billund a boost

Cargo volumes at Billund Airport have received a strong boost with the addition of a second weekly Turkish Cargo freighter service. Turkish Cargo started weekly freighter flights on 10 April and added a second service on 3 November 2016. The second freighter is compensating for the shortfall in capacity on Turkish Airlines’ passenger flights that […]

Christmas looking rosier with yield uptick

Christmas is looking a little bit rosier for the air cargo industry as some indicators, including yields show an uptick, sources have told Air Cargo Week (ACW). One of the clearest and broadest signs comes from ATC Aviation’s (chief executive officer) CEO Ingo Zimmer (pictured above). “We have increased our tonnages tremendously. In the first […]

SIA Cargo awards management agreement contract to CHEP

Singapore Airlines Cargo (SIA Cargo) has awarded a long-term unit load device (ULD) maintenance and repair fleet management contract to CHEP Aerospace Solutions. CHEP will provide maintenance and repair services in Singapore, Hong Kong, Sydney, Melbourne, Amsterdam, Frankfurt, Brussels, Los Angeles, San Francisco and Dallas, with additional stations likely to be included in the global repair network. CHEP’s […]

CEVA posts solid performance in Q3 but still records a loss

CEVA Holdings has reported a solid performance in the third quarter (Q3) of this year as it saw air cargo volumes grow by a double-digit figure. The logistics firm’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter ending 30 September was $75 million, up 19 per cent versus Q2 and flat versus […]

Airfreight growth outstrips passengers for first time in 18 months

Airfreight volumes grew faster than passenger numbers for the first time in 18 months in August 2016 with growth of 4.8 per cent, according to Airports Council International (ACI). All regions of the world saw growth in August, with the strongest uplift coming from North America at 6.7 per cent, followed by Asia Pacific at […]

Industry issues top of the agenda in Washington D.C

Pertinent issues within airfreight will be on the agenda from 4-5 October at the US Air Cargo Industry Affairs Summit taking place at the Capital Hilton in Washington D.C. Topics covered will relate to regulatory requirements, upcoming changes in the US administration and the importance of promoting air cargo across the US. After a keynote […]

Priority Freight expands German office with new airfreight department

Priority Freight has enhanced its operations in the heart of mainland Europe by setting up a new emergency airfreight department at its office in Willich, Germany. The upgraded office – located less than 25 kilometres from Düsseldorf International Airport – has been fitted with Priority’s tracking and IT systems, which it says will improve speed […]