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Cargo growth levels off at Dubai’s DWC

Cargo growth levels off at Dubai’s DWC

February 1, 2017 at 6:50 pm 0 comments

Airfreight volumes at Al Maktoum International (DWC) registered an anemic increase during 2016, at just under 898,000 tonnes, up only 0.8 percent, compared to the nearly 891,000 tonnes handled during 2015. At this time last year, the airport announced that cargo volumes had surged 7.7 percent during 2015, compared toRead More

Q4 upswing fails to offset AA Cargo’s revenue drop as Torno set to retire

Q4 upswing fails to offset AA Cargo’s revenue drop as Torno set to retire

January 30, 2017 at 6:47 pm 0 comments

A slight, 1.3 percent uptick in fourth quarter revenues was insufficient to offset a dismal 2016 at American Airlines Cargo, which announced a full-year decrease of 7.9 percent in revenues, to US$700 million. Soon after, American also announced that Art Torno, senior vice president for international and cargo, will retireRead More

Crustaceans crush 2016, leading to 4.1 percent cargo rise at Halifax

Crustaceans crush 2016, leading to 4.1 percent cargo rise at Halifax

January 27, 2017 at 6:41 pm 0 comments

Thanks to a booming year for lobster, Halifax Stanfield International Airport (YHZ) saw substantial cargo growth over 2016, processing more than 33,000 tonnes of cargo, up 4.1 percent over 2015. An estimated US$187 million in seafood exports were shipped last year, an increase of approximately $40 million from 2015. AsRead More

Amazon maritime freight forwarding in full swing

Amazon maritime freight forwarding in full swing

January 26, 2017 at 6:52 pm 0 comments

Amazon has been in the maritime forwarding business since October 2016, according to an “Ocean Audit” report cited by the Wall Street Journal. While Amazon has not commented, this latest news fleshes out the e-commerce giant’s multimodal logistics strategy, which includes freight forwarding and direct involvement in trucking, airfreight and,Read More

Dubai International cargo volumes close out 2016 up 3.4 percent

Dubai International cargo volumes close out 2016 up 3.4 percent

January 25, 2017 at 6:19 pm 0 comments

After registering a contraction in the third quarter, Dubai International (DXB) cargo volumes recovered in the last three months of 2016, closing out the year at 2.59 million tonnes, up 3.4 percent over 2015’s 2.51 million tonnes. December’s volumes added DXB to a list of airports that saw record numbersRead More

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Etihad’s Hogan to step down as losses mount in minority investments

January 24, 2017 at 6:56 pm 0 comments

After 10 years at the helm of Etihad, president and CEO James Hogan will step down during the second half of 2017. Hogan has overseen the growth of Etihad from a 22-plane regional carrier into a 120-aircraft global airline, with seven airline equity partnerships that serve more than 120 millionRead More

Airfreight prices fall in December, despite strong 2016 closeout

Airfreight prices fall in December, despite strong 2016 closeout

January 24, 2017 at 6:33 pm 0 comments

Despite a strong finish of 2016 at airports, and reports of high volumes through December, airfreight rates fell US$0.21, year-over-year, to $3.14 per kilogram in the month, according to Drewry’s latest East West Airfreight Price Index report. The market intelligence firm noted that December “traditionally sees a drop-off in rates”Read More

Cathay moves forward on layoffs as economy slows

Cathay moves forward on layoffs as economy slows

January 20, 2017 at 6:55 pm 0 comments

The recent turbulence at Cathay Pacific may have implications for airfreight, as Asia’s biggest cargo carrier announces layoffs and cost-cutting actions to accommodate what it’s CEO, Ivan Chu, termed the “new normal.” Following a meeting of the carrier’s leadership, the Hong Kong-based carrier made an announcement that, “some jobs willRead More