Over the summer, Cathay Pacific anticipates a more competitive air cargo market and will increase the number of freighter flights it operates to North America.
Lavinia Lau, the company's chief customer and commercial officer, announced that additional freighter flights to Toronto and Miami would be added over the summer. She noted that while the summer months are typically slower, no significant increase in demand is anticipated until the third quarter's end. "As overall cargo demand falls short...
Showing posts with label air cargo market. Show all posts
Showing posts with label air cargo market. Show all posts
Sunday, June 25, 2023
Tuesday, July 21, 2020
Emirates Cargo has facilitated the movement of essential commodities & supplies around the world by operating more than 10000 flights in 3 months i.e between April to June.
The airlines moved cargo across six continent with an average of 3800 flights per month..
Thus airlines traveled approx 37 million km in 3 months touching upto 100 destinations..
As per airlines...
Monday, December 9, 2019
From 15 Jan, 2020 Delta Airlines will appoint LUG for ground handling services in Frankfurt,
LUG has been handling ground services for Delta airlines in Munich for last 5 years .
Delta airlines operating 3 flights a day daily from Frankfurt to Atlanta, Detroit & New York.
After UK Germany is the biggest export market in Europe .
USA is a big market for Germany...
Thursday, December 5, 2019
Hong kong Air Transport Licensing Authority(ATLA) has informed Hong Kong Airlines(HKA) to either improve there financial situation or loose license .
Early this week ATLA has informed HKA to inject cash to improve there financial situation which is deteriorating day by day else face action & loose there license to operate.
ATLA has provided deadline of 07-Dec to...
Saturday, April 6, 2019
Danish logistics giant DSV offered Swiss logistics giant Panalpina an unrefusable offer of
Swis franc195 / share in a deal worth approx $4.6 bn in order to become world leading freight forwarding company .
DSV & Panalpina both were in negotiation for last 2 months with deal starting at
Swiss Franc 170/ share in January which seems to be finally closing at Swiss Franc...
Monday, November 26, 2018
China Post & Lufthansa cargo have come up with a strategic agreement of sharing Boeing 777 freighter cargo capacity on Shanghai - Frankfurt route.
Lufthansa airlines (LH) will provide block space to China Post on its freighter & passenger aircraft on regular basis. Currently LH is operating 18 wide body aircrafts &10 weekly 777F weekly out of China .
Both...
Tuesday, September 25, 2018
After dip in cargo traffic in July, Hong kong airport sees cargo traffic growth in August .
As per Hong kong International Airport (HKIA) the airport saw 2.4% growth YOY in August to 431000 tonnes.
HKIA said: “The airport saw strong 9% year-on-year growth in transhipments, which contributed the most to the increase in cargo throughput.
“Amongst key trading regions,...
Saturday, August 4, 2018
Air freight rates are increasing since July this year irrespective of market slowdown.
Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling.
As per below TAC index the prices on Hong Kong to North America increased by 16% in July.
Similarly for...
Thursday, July 12, 2018
From July 17, Korean air is launching three times a week freighter service between Incheon & Delhi .
Currently Korean air is operating passenger aircraft from Incheon to Delhi & Mumbai three to five times weekly.
In a statement, Korean Air said: “The decision to introduce the cargo flight accompanies the South Korean government’s new diplomatic strategy to...
Wednesday, July 11, 2018
Freight Investor Services (FIS), global leader in freight & commodity derivatives, has published airfreight future price curve, starting a new discussion in this $70bn market.
In order to hep buyers & sellers in ascertaining seasonal price increase & tackling capacity issues , a new risk management tool is been designed by FIS.
FIS along with index provider...
Tuesday, July 10, 2018
Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore.
The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out .
As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore.
The...
Friday, June 19, 2015
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...
Sunday, May 17, 2015
Improving airfreight yields have helped push logistics firm Agility
to a 5 percent year-on-year improvement in profits during the first
quarter of the year.
During the first quarter, the Kuwait Stock Exchange-listed company
recorded a 1 percent improvement in revenues on last year to KD318.1m
($1.06bn), while net profit increased by 5 percent to KD11.8m.
Its Global...
Saturday, May 16, 2015
Damco, the troubled logistics arm of Danish shipping giant AP
Moller-Maersk (APMM), made a $9m loss in the first quarter of 2015 as
its airfreight volumes fell 19%.
The division's total supply chain revenue fell nine percent, year on
year, to $683m for the January to March 2015 period, of which eight
percent was due to exchange rate movements.
Netherlands-based...
Saturday, February 28, 2015
Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year.
The Switzerland-based logistics giant’s air cargo increase is more
than twice last year’s global market benchmark average of between three
and four per cent.
K+N, the world’s second largest airfreight forwarder by tonnages,
said that the key...
Wednesday, February 4, 2015
UPS reported “flat” fourth quarter earnings in the fourth quarter of
2014 compared with the same period in prior year. In fact, earnings per
share, at $1.25, were identical to 2013, said the US-based express
carrier.
It blamed higher than expected peak operating expenses in its home
market as the carrier sought to maintain delivery times - UPS delivered
1.3bn...
Monday, February 2, 2015
Air freight volumes continued to rise in December but exchange rate
and fuel surcharge fluctuations saw a 2014 end of year fall
in dollar-based yields, according to research house WorldACD.
December’s healthy year-over-year (YoY) volume growth continued
2014's trend, as chargeable weight increased 6.7 per cent, said the
Netherlands-based analyst which uses...
Saturday, January 3, 2015
India’s booming air cargo market has registered a 13.5 per cent
surge in outgoing volumes since 2011, although coupled with a “dismal
yield” fall of 20 per cent in US$, says research house WorldACD.
The Netherlands-based consultancy, which uses primary data from the
airlines themselves, said that India’s yield change looked a lot better...
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