MSC plan to cut CO2 Emission with Biofuels

MSC Mediterranean Shipping Co. has decided to start using biofuels in its vessel starting from Rotterdam,Netherlands. With it successful trials with biofuel blends earlier this year MSC has now decided to use blended biofuel for its vessels . MSC started with 10% blended biofuels thereby increasing it to 30% with successful trails thereby cutting CO2 emission by 15-20...

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Considering Uncertainity Air China is set to offload Majority Stake In Cargo Arm

Air China is planning to sell its major stake to Capital Holding considering uncertainties in international trade. Capital Holding will own 51% stake of the airlines after $ 357m transaction is complete. The remaining 49% will be owned by Cathay pacific.  Capital Holding is a wholly-owned subsidiary of state-owned China National Aviation Holding Corporation (CNAHC),...

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Logistics sector losing the price war

  A large section of the logistics sector is losing the battle to implement planned price increases, coupled with an extremely low success rate when introducing new products and services. These are the results of the most recent Global Pricing Study*, based on responses from approximately 1,600 managers, conducted by the global strategy consulting firm Simon-Kucher...

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Sharp decline in load factors

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...

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FedEx takes axe to 15 freighters

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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DB Schenker to charter from Etihad for new US freighter service

DB Schenker has revealed it is chartering an aircraft from Etihad for its new weekly freighter service from China to the US. The forwarder, through its JetCargo division, this week announced it had launched a freighter service travelling between Hong Kong, Chicago and Houston. A company spokesperson told Air Cargo News it was a fully dedicated service using a Boeing...

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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...

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Agility's airfreight yields boost Q1 performance

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...

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Damco sees $9m loss as airfreight dives

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...

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Frankfurt freight disappoints

Frankfurt’s airport operator Fraport’s airfreight and airmail tonnage dropped by 2.4 per cent year-on-year to around 500,000 tonnes in the first quarter of 2015. However, the group as a whole recorded “noticeable growth” in revenue, which rose 10.8 per cent to €575.9 million.  Contributing factors included growth in traffic and fees, consolidation of two new...

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Thumbs up for Emirates' all-in freight rates

Shippers and forwarders have welcomed Emirates SkyCargo’s move to introduce an all-inclusive freight rate that does away with separate pricing components based on weight/volume plus fuel and security surcharges. “It is the best start to 2015 that I could imagine,” said Joost van Doesburg, airfreight policy manager with the European Shippers’...

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Kerry Logistics boosts network

Asia-based Kerry Logistics has bought a controlling stake in Dubai’s Able Logistics Group and a majority stake in the sea and air arms of Canada’s Total Logistics Partner (TLP). Able Logistics is an international freight forwarder with offices across UAE, Saudi Arabia, Oman and China. Total Logistics Partner Ocean Consolidators and Total Logistics Partner Air Express are two freight forwarding companies focused on the Asia-Canada trade. The acquisition has added Montreal and Toronto to...

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11th Annual Sino International Freight Forwarders Conference (4-7 November 2014)

The Sino-International Freight Forwarders Conference celebrates its 11th anniversary, and the 2014 event opens up even greater opportunities for delegates as it moves to Guangzhou — the most important manufacturing city in southern China and situated at the heart of the Pearl River Delta. Open to all independent freight forwarders from around the globe, as well as an impressive range of logistics vendors and industry-related companies, the Sino-International Conference is the...

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