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...
Sunday, June 21, 2015
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...
Sunday, May 24, 2015
by Cargo New Hubs on 6:14 PM
No comments

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...
Saturday, May 23, 2015
by Cargo New Hubs on 9:57 PM
No comments

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...
Sunday, May 17, 2015
by Cargo New Hubs on 1:17 AM
No comments
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
by Cargo New Hubs on 7:34 AM
No comments
Talisay City, Cebu — A chief engineer
was hurt when a fast craft collided with a cargo vessel late Wednesday
afternoon at Lauis Ledge off Talisay City, the same spot where a
passenger vessel and cargo ship collided two years ago, killing 116
passengers and crew.
The Lauis Ledge has become an eerie spot for vessels traveling from
Cebu to Bohol and passengers on board fast craft Starcraft 9 went into
panic when the sea craft collided with cargo vessel MV Our Lady of Faith
at 5:50 p.m. last...
by Cargo New Hubs on 7:03 AM
No comments
Main-deck cargo airline Nordic Global Airlines will cease operations
at the end of the month after overcapacity in the market took its toll
on the operator.
NGA, which operates a fleet of four MD-11F freighters for customers,
was launched in 2011 but faced continued pressure on pricing.
Finnair Cargo, which owned a 40% stake in the company, leased
freighter capacity...
by Cargo New Hubs on 6:59 AM
No comments
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...
Sunday, May 10, 2015
by Cargo New Hubs on 7:45 AM
No comments
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...
Subscribe to:
Posts (Atom)