Showing posts with label Air Cargo Agents Association of India. Show all posts
Showing posts with label Air Cargo Agents Association of India. Show all posts

Monday, April 22, 2019



Jet Airways grounded all flights till further notice after they were not able to generate confidence with banks & lenders for interim funding .

As per airlines spokesperson the emergency funds from lenders or bank is not forthcoming resulting into airlines disability to pay for fuel & other critical services to keep airlines operational.

Jet airlines had a fleet of 123 aircraft but none of them operational as of date .


Last month it had £900 million of debt  & chairman Mr. Naresh Goyal along with his wife Anita Goyal resigned from the board of directors .



Thursday, February 26, 2015




A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors.
The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period of 2013.
Ocean freight net revenue was also up, by 11 per cent, while overall net revenue increased by nine per cent.
Senior vice president and chief financial officer, Bradley Powell, described the results as “a great affirmation of our efforts to date. We’ve worked steadily to improve our performance throughout 2014.”
President and chief executive Jeffrey Musser added that the double digit growth in air and ocean freight net revenue had come “at a very opportune time,” “particularly…in light of a global economy that still struggles to gain traction.”

Source : http://www.aircargonews.net/news/single-view/news/airfreight-bolsters-expeditors-figures.html

Saturday, February 21, 2015



TNT Express has outlined the steps that will return the parcels and freight operator to profit.
A core part of its strategy is to set up focused international Europe and domestic units, strengthening its management and accelerated investment in its transport and IT, along with improved service levels.
At a capital markets day conference this week in London, chief executive Tex Gunning and his senior management team sketched out the details.
TNT Express had earlier announced a €137m loss in the 2014 fourth quarter and a warning from Gunning that the company continues to face challenging trading conditions.
TNT was the subject of a failed takeover bid by UPS in 2013, and restructuring charges (€70m), goodwill impairments (€32m) and the costs of a re-launch (€22m) since then have compounded its financial woes.
Chief financial officer Maarten de Vries admitted that the company had suffered from a “structural underinvestment in infrastructure and IT” since the express arm of the company was demerged from the postal operations in 2011.
But since then, the company had invested to “drive operational excellence”. Further investments would, in 2018-19, further improve service reliability and lower the cost base, he said.
The company’s cost reduction programme - branded ‘Deliver!’ – had reduced worldwide headcount from 62,468 in 2012 to 58,292 he added. The target now was to generate €250m of cost reductions and realised €125m of net savings by 2018.
One of the ways this will be achieved will be by simplifying the current highly complex service portfolio – over 3,500 product codes – to a much more streamlined offering of four basic products with 75 options.
Maarten de Vries also said that processes and IT systems were much too complex and a centralised global IT organisation would be put in place.
A new ‘simplify and transform’ programme over the next three to five years would cut IT spending by €100m, although in the short term there would be IT cost increases and there would be a €70m investment in new IT systems.
Activities such as accounting, procurement, data management and customer contact centres, currently operated mainly on a country by country basis, could be consolidated through shared service centres, saving €100-150m by 2018.
The price to pay for these root-and-branch reforms would be restructuring charges of €250-300m over three years. However, these should diminish to no more than €25-50m by 2017, after hitting a peak of €125-175m in 2016.
Investment of €800-€900m in 2015-17 would, among other things, increase European air network capacity by 50 per cent, as well as improving productivity and reliability. Investment in hubs would include two new ones in the UK, three in Australia and modernisation and automation in France and Italy, added domestics managing director Marco van Kalleveen.
International Europe managing director Ian Clough pointed out that TNT was still a major player in the European global market, with 12 per cent of the total, third only to DHL (19 per cent), UPS (16 per cent) and well ahead of FedEx and Schenker’s five per cent each.
But he said that it was important to ditch the current “dysfunctional organisation” with its “heavy overhead structure” and create an integrated international European business.

Source : http://www.aircargonews.net/news/single-view/news/we-will-do-better-promise-tnt-management.html

Wednesday, January 14, 2015

China will lift controls on prices of 24 commodities and services, said the National Development and Reform Commission on Sunday.
Market will decide the price of tobacco leaves, the last agricultural product to be freed from government price control, but a minimum price will be set to protect farmers, said a statement on the commission website.
Prices of railway bulk cargo, parcels and privately funded cargo and passenger transport will also be allowed to float. Railway passenger and cargo prices have been decided by the government, but lag far behind changes of road and water transportation prices, which has impeded the development of the railway sector, said Sun Zhang, a professor with Tongji University.
Prices of domestic air cargo will be freed, as well as prices of passenger transport of some airlines.
Wu Tongshui, deputy director of China Air Transport Association, said the move will help activate the market, attract more private investment and enhance the competitive edges of carriers.
Limits will be removed on port service fees, including fees on container loading, ship rubbish treatment and water supply.
Limits will be removed on factory prices of explosives for civil use.
Source: http://www.globalpost.com/dispatch/news/xinhua-news-agency/150104/china-lifts-price-controls-24-commodities-services

Tuesday, December 16, 2014

The logistics industry will probably be one of the first testing grounds for automated vehicles, according to a study from package delivery giant DHL.

Shipping companies will likely adopt the technology faster than other sectors, since moving cargo in non-public areas like storage facilities and warehouses provides a safer venue to test such devices, according to a study published this week by DHL, the freight and express arm of Deutsche Post AG.

Eventually vehicles might bring packages to a pick-up station where a consumer could find them, the study said.

DHL plans to “maintain pole position in the world of self-driving vehicles,” wrote Matthias Heutger and Markus Kueckelhaus, the authors of the study. "The question is no longer ‘if’ but rather ‘when’ autonomous vehicles will drive onto our streets and highways."

Source : http://www.cargobusinessnews.com/news/techwire/news2.html

Tuesday, November 12, 2013


The Rajiv Gandhi International Airport in Hyderabad has been adjudged the “Best Cargo Airport of The Year” at the recently concluded 40th annual convention of Air Cargo Agents Association of India held at Jaipur.
This is the second year in a row that RGIA has won the award for its cargo operations.
S.G.K. Kishore, Chief Executive Officer, said, “We are delighted to be recognised by a prestigious industry body such as ACAAI which represents India’s Air Cargo Industry."
The airport has emerged as India’s first airport based Free Trade Zone, offering services such as value processing, trading and distribution, duty deferment options and warehousing to optimise their logistics and distribution costs significantly and also enjoy the benefits of tax incentives as offered by the Government of India.
The facilities provided at the FTZ would help logistics companies to warehouse their commodities for both short and long term without impact on import duty.
Source: http://www.thehindubusinessline.com/industry-and-economy/logistics/hyderabad-airport-bags-award-for-cargo-operations/article5338627.ece