Strong June not enough to offset sluggish 2016 for Cathay

A strong June, in which Cathay Pacific Airlines reported cargo volume up 7.1 percent, year-over-year, was not sufficient to offset sluggish business in the previous five months of 2016, during which time revenue tonne kilometers (RTKs) fell 2.3 percent. Cathay’s cargo load factor rose by 1.6 percentage points to 64.3 in June. However, the carrier […]
  • Lewis King
  • July 21, 2016

K+N’s first-half profits rise despite revenue drop

The Kuehne + Nagel Group reported that gross profits were up by by 8 percent to US$3.3 billion in the first six months of 2016, even as net sales decreased. The logistics provider’s operating result (EBITDA) grew by 10 percent to $554.9 million, while earnings before tax and interest (EBIT) were up $45.6 million over […]
  • Lewis King
  • July 20, 2016

Cathay adds Portland to U.S. West Coast cargo route

Cathay Pacific said it will add Portland International Airport (PDX, seen above) to its twice-a-week West Coast route from Hong Kong. With the new Oregon-based destination, the new route will be Hong Kong-Anchorage-Los Angeles-Portland-Anchorage-Hong Kong, leaving every Thursday and Saturday, the carrier said. The addition makes Portland Cathay’s 18th cargo station in the Americas. Already, […]
  • Lewis King
  • July 15, 2016

Air cargo execs continue gloomy outlook in IATA index

Air cargo executives are notably less optimistic about their economic prospects for the year ahead, compared to the same time last year, according to IATA’s July 2016 Business Confidence Index. Conducted in early July of this year, IATA surveyed airline CFOs and heads of cargo regarding their expectations for the next 12 months. The results […]
  • Lewis King
  • July 15, 2016

Amazon ‘Prime Day’ breaks records, gains members

Amazon’s second-annual “Prime Day” promotion, held on Tuesday, was the company’s biggest sales day ever. The e-commerce giant said its worldwide orders climbed more than 60 percent over last year. In the U.S., orders were up 50 percent over last year’s event. The notoriously circumspect e-retailer has not released total sales figures, but estimates are […]
  • Lewis King
  • July 15, 2016

Airbus 20-year forecast predicts massive shift in freighter demand

Airbus has drastically drawn down the number of dedicated freighters it anticipates being in service 20 years hence, according to its recently released “Global Market Forecast, 2016-2035.” The disparity is remarkable, both terms of number of aircraft and the shift in the market that it signals over the next two decades. While last year’s global […]
  • Lewis King
  • July 13, 2016

Beyond Baku: Cargo carriers reach past the Caspian

If the Azerbaijani government had its way, the capital city of Baku might be called a “second Dubai.” Heydar Aliyev International Airport (GYD) – located on the Absheron Peninsula and surrounded on three sides by the inland Caspian Sea – has one of the largest and newest cargo terminals in the Commonwealth of Independent States […]
  • Ian Putzger
  • July 7, 2016

Asia-Europe cargo alliances appearing around every corner

Carrier alliances are rapidly becoming the way for forwarders in Asia to move their airfreight to overseas destinations. Following All Nippon Airways’ (ANA) alignment with Lufthansa, the Japanese carrier is about to embark on a second joint venture, this one across the Pacific with United Airlines. Germany- based Lufthansa, meanwhile, has set the wheels in […]
  • Ian Putzger
  • July 6, 2016

Australia greenlights Queensland cargo hub

The Australian government has approved the performance of unrestricted cargo services at the new privately held Wellcamp Airport in South West Queensland. The airport’s owner, the Wagner Group, one of Queensland’s largest privately owned construction materials and mining services companies, said it hopes to position the airport as a major airfreight hub for Australian exports […]
  • Lewis King
  • July 6, 2016

IATA WATS: Top five carrier ranks unchanged despite slow year

The annual IATA World Air Transport Statistics (WATS) report released today revealed a 1.6 percentage-point decrease in the worldwide freight load factor to 47.4 percent. IATA’s industry performance statistics for 2015 were based on a total of 214.2 billion freight tonne kilometers (FTKs) – up 2.3 percent, year-over-year – against a capacity of 254.2 billion […]
  • Lewis King
  • July 5, 2016

Cargolux starts weekly Ashgabat service

Cargolux Airlines added Ashgabat, Turkmenistan, to its network last week. The once-weekly service comes about a year after the all-cargo airline started flights to Turkmenbashi. Now, Cargolux services the country with eight flights per week, and plans to boost its weekly frequencies to 11 later this month. In addition to Ashgabat, Cargolux’s other destinations in […]
  • Lewis King
  • July 5, 2016

Rickenbacker service grows with Colombo-Columbus charter

Sunday, June 19 represented a new milestone for Columbus-based Rickenbacker International Airport (LCK) in the United States when a 747-400 freighter arrived from Colombo’s Bandaranaike International airport in Sri Lanka. The Etihad Cargo plane chartered by New York-based Trinity Logistics is the first weekly flight from Colombo to commence operations directly into Rickenbacker. The area […]
  • Charles Kauffman
  • July 4, 2016

WorldACD: May another disappointment for air cargo

Air cargo volumes grew by an anemic 0.5 percent in May 2016, measured against the previous year’s May figures, according to WorldACD (see chart above). In a report released this week, the market data company noted significant diversity in performance, with the origin North America market tumbling 4 percent, year-over-year, while the Middle East/South Asia […]
  • Lewis King
  • July 1, 2016

Heathrow non-decision angers airfreight groups

The British government has kicked the proverbial can down the road yet again, deferring the decision on the Heathrow Airport expansion until October of this year. The latest excuse? The Brexit, of course. Prime Minister David Cameron was expected to make a decision this month on whether or not to expand either Heathrow or Gatwick […]
  • Lewis King
  • June 30, 2016
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