DHL airfreight volumes decline as it turns away business to protect margins

Freight forwarder DHL Global Forwarding's decision to turn away airfreight business to protect profits in the first half of this year resulted in a decline in volumes. The Bonn-headquartered forwarder recorded a 7.2% year-on-year decline in airfreight exports during the second quarter to 530,000 tonnes, while the half-year result was down by 3.6% to 1m tonnes. Second-quarter...

Continue

FedEx and TNT deal on track but clearance could take a year

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...

Continue

Optimistic airfreight forwarders

European airfreight forwarders are expecting volumes to continue to increase over the coming two months. The latest monthly Danske Bank forwarder index for expectations for the coming two months came in at 57 points, with any figure above 50 suggesting that participants expect volumes to grow over the period. The April survey also shows an improvement on future expectations...

Continue

FedEx sees peak season bounce

US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn. “We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer. Operating results for the third quarter ended...

Continue

Air freight volumes rise for Panalpina

Panalpina saw improved group level profitability in the first half of 2014 as air freight volumes grew four per cent over prior year. However, the Switzerland-based global logistics operator said that unit profitability in both the air and ocean freight segments was affected by a “challenging market”. While air freight rates “remained under...

Continue

Air cargo industry needs a structural redesign

The freighter plane may become a thing of the past if airlines failed to devise strategies to make their cargo operations more efficient, an aviation industry specialist has warned. The industry needs a structural redesign, said Glyn Hughes, director of cargo industry management at International Air Transport Association (IATA). Air cargo volumes have remained flat since 2010, he said during IATA’s annual general meeting.IATA predicts cargo volumes will total about 52 million tons this year,...

Continue

Hyderabad airport bags award for cargo operations

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...

Continue

Air freight to grow at slower pace over next 20 years

Air freight traffic has grown at 5.3 per cent annually since 1980. Today goods worth $6.4 trillion travel by air — that’s 35 per cent of all world trade by value. The growth rate is expected to be 4.9 per cent for the next 20 years. This means by the year 2023 traffic will double, according to V.K. Mathews, Executive Chairman of IBS Software, based in Technopark here. Minimal profit However, the profit margins are going to be nominal, Mathews said while speaking at the IBS Air Cargo Forum...

Continue

TNT Express boosts Oman fleet

TNT Express, one of the world’s largest express delivery companies, has announced the addition of a new 7-ton Mistubishi /Fuso trailer truck to its domestic fleet.    Oman is a part of TNT Express widespread Middle East Road Network (MERN) delivering to countries such as Jordan, Saudi Arabia, Qatar, Kuwait and Bahrain, the network offers the best day-definite...

Continue

Lootah Biofuels and TNT Express gearing up for Expo 2020

Lootah Biofuels, a fully owned subsidiary of S.S. Lootah Group has signed an agreement with TNT Express, a leading global Express Company to supply locally produced environmentally superior and performance enhancing biodiesel made from used cooking oil for the latter's commercial vehicles in Dubai. This agreement aims at reducing carbon footprints, and also supports Lootah Biofuels mission of converting 5% of transportation fuel to Biofuels by the year 2020. The agreement was signed by Mr....

Continue

Air Libya forms partnership for cargo flights

Chapman Freeborn and Air Libya have formed a partnership to fly cargo in Libya using an Antonov An-26 freighter, which will be based at Tripoli’s Mitiga International Airport on a long-term lease agreement. The venture will introduce internal scheduled services to connect Tripoli and Benghazi with Libya’s more remote airfields—including regular operations to the oil fields in the south of the country. The An-26—which offers a 5.5 ton payload—will be available for ad hoc cargo charter requirements...

Continue

Turkish Cargo expects continued global growth

Turkish Cargo, the freight service of Turkish Airlines, has ambitious plans for growth, and it seeks to continue the rapid expansion it has experienced over the last several years. The cargo carrier has averaged a 20 percent growth rate over the past five years. “We have a strategy independent from market conditions,” says Mehmet Kizilkaya, Turkish Airlines’ regional...

Continue

Airport Tries Attracting Freight and Logistics Customers and Incentivising Cargo Charters

Space to Expand Means it's Special Offer Time for Prospective Customers  US – How to drum up more business? The eternal question for all companies whether in the logistics industry or any other, but a question especially relevant when economic times are hard. Advertising (even with the low rates charged by the Handy Shipping Guide) is one avenue but for Lambert St...

Continue

Positive Growth for Air Freight Volumes in June 2013

IATA’s figures for June 2013 show a 1.2% year-on-year expansion in global air freight demand. Although weak, this is an improvement when compared to the 0.9% year-on-year demand growth recorded in May and the 0.1% growth realized over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements in business confidence are now occurring in some developed economies. Nevertheless,...

Continue

Air Freight Figures Rise Slightly Overall as Cargo Totals Released

Shipping through Europe's Third Largest Airport Continues to Increase NETHERLANDS – As the third largest cargo airport in Europe the air freight figures for Amsterdam’s Schiphol hub are always interesting as they tend to reflect underlying shipping trends. The first half of this year has shown modest growth with a total of 736,608 tonnes handled showing an...

Continue