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...
Wednesday, September 18, 2013
Muscat, Sep 17 (ONA)--- Cargolux Company, one of the major air cargo carriers in Europe decided to increase its weekly flights to Muscat international Airport by two flights a week with effect from next October.
The company said that Oman Airport Management Company , represented by Commercial Operations Public Administration said in a statement today that Cargolux's decision to increase its weekly flights to Muscat International Airport comes at a time the shipping activity via Muscat International...
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...
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....
DHL-Sinotrans, the leading air express company in China, launched mobile stations indowntown Beijing, Shanghai and Shenzhen to provide companies with convenient pick-upfacilities.
The move will help optimize shipment routes for express items and extend cut-off times forcustomers, according to Wu Don...
Monday, September 2, 2013
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...
Friday, August 30, 2013
Andhra Pradesh commanded a lion’s share of over 46 per cent in the total basket of new port projects being implemented across Indian maritime States.
The port sector in Andhra Pradesh is set to receive a significant boost with the decks cleared for setting up of a second major port in the State.
The proposal to set up the port, with an initial capacity of six berths...
Thursday, August 29, 2013
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...
Monday, August 26, 2013
Addis Ababa, Ethiopia - Ethiopian Airlines, which operates the largest cargo services in Africa, is to open its second cargo hub in Africa, in partnership with the Lome-based ASKY Airlines, the Ethiopian flag carrier has announced on its website.
PANA reports Saturday that the new cargo hub will commence operations in September 2013 using a B737-400F aircraft.For the past three years, Ethiopian and ASKY have partnered to serve the needs of passengers travelling within, to and from West and Central...
ISLAMABAD: Russia considers Pakistan an important country of the region as it has great economic potential and wanted to increase bilateral trade and cooperation with Pakistan in diversified areas of economic activity.
Strong bilateral trade and larger cooperation between Pakistan and Russia would bring prosperity and integrity to the region.
Yury M Kozlov Trade Representative of the Russian Federation in Pakistan at Islamabad Chamber of Commerce and Industry (ICCI) said, “Russia eyes Pakistan...
Russia will float out a new-generation nuclear ice-breaker by 2017 with two more to follow in 2020 under a government program to ensure commercial shipping along the Northern Sea Route (NSR) – a 6,000-km Arctic waterway stretching from the Barents Sea in the west to the Bering Strait in the east. Russia is the only country with a nuclear-powered ice-breaking fleet. By the...
Wednesday, August 7, 2013
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...
BUENOS AIRES, Aug 6 (Reuters) - China has approved its first shipment of genetically modified Argentine corn, Buenos Aires-based trade sources said on Tuesday, signaling that the Asian country may eventually import GMO crops from other producers like the United States.
The sources said Chinese health authorities cleared 60,000-tonnes of genetically modified (GMO) Argentine corn. The cargo was already headed inland to be used as hog and chicken feed.
Benchmark Chicago corn futures fell briefly...
Etihad Airport Services – Cargo (EAS-Cargo), a subsidiary of Etihad Airways, is working with the Singapore-based Cargo Community Network (CCN) to roll out a new information technology platform for the Abu Dhabi cargo community called Cargo Community Service (CCS).
The service is designed to facilitate air cargo booking and shipment processes for Abu Dhabi-based freight...
Abu Dhabi: Etihad Airport Services — Cargo (EAS-Cargo), a subsidiary of Etihad Airways, is working with the Singapore-based Cargo Community Network (CCN) to roll out a new information technology platform for the Abu Dhabi cargo community called Cargo Community Service (CCS).
The one-stop service is designed to help air cargo booking and shipment processes for Abu Dhabi-based freight forwarders and clearing agents by linking them directly with air cargo carriers, ground handlers and third...
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