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Volume up, dollars down as IAG faces ‘challenging market conditions’

Volume up, dollars down as IAG faces ‘challenging market conditions’

February 24, 2017 at 6:45 pm 0 comments

IAG Cargo’s 2016 full-year results out today show commercial revenue down 6.6 percent to €1.022 billion. “These are resilient results in the face of challenging market conditions,” said Drew Crawley, CEO at IAG Cargo. “Growing supply from freighter and new-generation passenger fleets have continued to outstrip flat demand for generalRead More

Have love, will travel: Bye-bye to Bao Bao [VIDEO]

Have love, will travel: Bye-bye to Bao Bao [VIDEO]

February 24, 2017 at 6:35 pm 0 comments

Amid sad protests from children around America’s capital city region, a giant panda that had been on loan from China for three years at the Smithsonian Institution’s National Zoo in Washington, D.C., boarded a FedEx freighter flight to China earlier this week, leaving the U.S. to join a breeding program.Read More

Worldwide Flight Services to handle China Airlines’ cargo at O’Hare

Worldwide Flight Services to handle China Airlines’ cargo at O’Hare

February 24, 2017 at 6:21 pm 0 comments

China Airlines has expanded is cargo handling contract with Worldwide Flight Services (WFS), adding O’Hare International Airport to its list of airports served by the Paris-based ground handler. The 19-year contract now extends to five airports in the United States. Under the terms of the agreement, WFS will handle upRead More

A strong quarter ends Atlas’ ‘historic year’

A strong quarter ends Atlas’ ‘historic year’

February 23, 2017 at 6:59 pm 0 comments

On the strength of a stellar fourth quarter and a boost from the e-commerce traffic obtained in last year’s freighter deal with Amazon, Atlas Air Worldwide Holdings (AAWW) reported that 2016 was a historic year for the U.S.-based carrier. As David Harris notes in Cargo Facts, Air Cargo World‘s sisterRead More

January air freight market closes out on stable footing

January air freight market closes out on stable footing

February 23, 2017 at 6:59 pm 0 comments

Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since the research firm began indexing rates in 2012. Rates fell just 13 cents, holding at about the US$3 mark in January, at $3.01, indicating greater stability in the market. The rate itself is also theRead More

Hactl first handler in Hong Kong to obtain IATA CEIV-Pharma cert

Hactl first handler in Hong Kong to obtain IATA CEIV-Pharma cert

February 23, 2017 at 6:45 pm 0 comments

The momentum for IATA’s global standard for pharmaceutical handling continued to grow this week as Hong Kong Air Cargo Terminals Limited (Hactl) announced that it has met all IATA CEIV-Pharma certifications, making it the first handler in Hong Kong to obtain the certification. The process was sponsored by the HongRead More

IATA: New Trade Facilitation Agreement a shot in the arm for global trade

IATA: New Trade Facilitation Agreement a shot in the arm for global trade

February 23, 2017 at 6:25 pm 0 comments

A trade agreement promoting faster, cheaper and easier trade that entered into force this week is “great news for airlines, which deliver about a third of the goods traded across borders by value,” said Alexandre de Juniac, IATA’s director general and CEO. The Trade Facilitation Agreement (TFA), which passed Wednesday,Read More

E-commerce growth boosts XPO Logistics’ fourth-quarter results

E-commerce growth boosts XPO Logistics’ fourth-quarter results

February 22, 2017 at 6:53 pm 0 comments

XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company’s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts’ expectations. For Q4 of 2016, revenue increased 10 percent, year-over-year, to US$3.68 billion. Fourth quarterRead More