Hong Kong Association of Freight Forwarding and Logistics (HAFFA)
chairman Paul Tsui is to step down and will be replaced by Cliff
Sullivan, senior vice-president of A-Sonic Logistics. Mr Tsui is a
30-year veteran of the airfreight industry and in 2001 founded Janel
Group, which now employs 250 staff in offices throughout China. Mr
Sullivan has been a HAFFA executive...
Tuesday, June 30, 2015
by Cargo New Hubs on 7:45 AM
1 comment
FedEx’s potential $4.8bn takeover of TNT has edged further forward as
the US express giant has filed regulatory paperwork to the European
Commission.
Over the weekend, the New York Stock Exchange-listed logistics
company confirmed it had submitted the required filing to the EC to
obtain regulatory clearance in connection with the intended recommended
public cash...
Wednesday, June 24, 2015
by Cargo New Hubs on 7:49 AM
1 comment
The air cargo industry has won marketshare from ocean rivals
over the last year, but analysts have warned there will be a return to
sea transport.
In its weekly insight analysis, Drewry Maritime Research highlighted
the modal shift that had taken place as US west coast port congestion
caused by difficult negotiations...
Sunday, June 21, 2015
by Cargo New Hubs on 4:40 AM
3 comments
DHL Global Forwarding, Kuehne+Nagel and DB Schenker have maintained
their position as the world’s leading airfreight forwarders, while the
top 25 forwarders recorded a total increase in airfreight demand of less
than one percent.
The latest top 25 Global Freight Forwarders List from consultant
Armstrong & Associates, based on revenues and ocean and airfreight...
Friday, June 19, 2015
by Cargo New Hubs on 1:42 AM
1 comment
TNT Express has provided an update on its planned $4.8bn takeover by
FedEx, stating that the two companies are making timely progress on
preparations for the offer but reiterated that it could take a year to
gain regulatory clearance.
TNT said that FedEx expects to submit a request for review and
approval of its offer document with Dutch financial service regulator...
Thursday, June 18, 2015
by Cargo New Hubs on 6:54 AM
No comments
FedEx has provided more details on its decision to retire freighters
early, while also providing an update on its proposed takeover of TNT
Express and saying that it will continue on the acquisition trail.
Speaking shortly after the announcement of its fiscal year fourth quarter results,
the US express giant said its decision to retire 15 aircraft and 21
related engines...
Sunday, June 14, 2015
by Cargo New Hubs on 6:20 AM
1 comment
Boeing has upped its expectation for demand of new aircraft from last
year’s forecast, predicting that 38,050 new airplanes will be needed
over the next 20 years.
The company predicted that by the end of the 20 year forecast period,
the commercial airplane fleet will double, from 21,600 airplanes in
2014 to 43,560 airplanes in 2034.
Last year, its forecast was...
Friday, June 12, 2015
by Cargo New Hubs on 9:23 PM
1 comment
American Airlines Cargo has extended its reach in eastern Europe with
the appointment of FlyUs as its general sales agent (GSA) in both
Hungary and Poland.
Both countries are currently off-line destinations in the American
Airlines network, with cargo being trucked from both Budapest and Warsaw
to London, Frankfurt, Munich or Paris for direct entry into the...
by Cargo New Hubs on 9:18 PM
No comments
Etihad Cargo is offering World Cargo Alliance (WCA) members special
rates for certain destinations when they use the Worldwide Information
Network (WIN) booking platform.
WCA members who are participants in Etihad's loyalty programme,
CargoConnect, and who also use the WIN for booking and air waybill
transactions, will qualify for special rates on selected origins...
Sunday, June 7, 2015
by Cargo New Hubs on 6:47 AM
1 comment
Airfreight demand growth began to ease off in April, resulting in a
“sharp” decline in load factors as they reached their lowest level for a
year.
The latest IATA figures show that airfreight volumes increase by 3.3%
year-on-year in April compared with growth of 4.3% for the first four
months.
It said that the slowdown was mainly the result of a weakening in
demand...
Thursday, June 4, 2015
by Cargo New Hubs on 8:51 AM
1 comment
US parcels and logistics giant FedEx has "permanently retired" 15
aircraft and 21 related engines as it continues to “rationalise capacity
and modernise its aircraft fleet to more effectively serve FedEx
Express customers”.
FedEx has taken a non-cash impairment charge of $246m recorded in May
2015 and has also adjusted the retirement schedule of an additional...
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