Automation, capacity, economic woes top supply chain trends report

With the continuing rise of e-commerce demand despite lackluster economic growth, supply chain professionals are most concerned about lack of capacity and rising costs in e-commerce, according to research firm EyeForTransport (EFT), which released its “Supply Chain Hot Trends 2019” report this week. Based on a global survey of 765 supply chain professionals, including retailers, […]
  • Randy Woods
  • May 23, 2019

Virgin Atlantic Cargo doubles service to India with new Mumbai route

After a four-year hiatus, Virgin Atlantic Cargo said it will resume daily service to the fast-growing cargo market of Mumbai from London Heathrow (LHR) in October of this year, following the temporary suspension of India’s Jet Airways operations. With a first flight scheduled for Oct. 27, the U.K.-based Virgin Atlantic said the 787-9 aircraft will […]
  • Randy Woods
  • May 22, 2019

Panalpina opens Prague warehouse for auto parts

After agreeing to be purchased by Danish logistics firm DSV earlier this year, Swiss forwarder Panalpina has not slowed down its own growth, in terms of warehouse space or merger and acquisitions (M&A) activity. Last week, Panalpina participated in an opening ceremony for its new 21,000-square-meter, 28-bay warehouse in Prague. Two-thirds of the warehouse capacity […]
  • Randy Woods
  • May 20, 2019

Asia-Pacific airlines grow cargo revenue, yields in 2018

Despite slower growth in air cargo demand, airlines in the Asia-Pacific region generated US$21.2 billion in cargo revenue in 2018, 11.5% higher than 2017, and increased their yields by 8.9%, year-over-year, to US$0.27 per freight tonne kilometer (FTK), according to preliminary financial performance figures released by the Association of Asia Pacific Airlines (AAPA). The association’s […]
  • Jeff Lee
  • May 16, 2019

WFS, Avinor abruptly cancel plans for Oslo Airport seafood center

Last summer, ground handler Worldwide Flight Services (WFS) had agreed with Avinor AS, Norway’s state-owned operator of Oslo Airport (OSL), that it would create a new cool chain seafood cargo center at OSL that would handle up to 250,000 tonnes of seafood per year. Yesterday, however, WFS and Avinor said the plans for the new facility have been canceled.  “Avinor AS […]
  • Randy Woods
  • May 14, 2019

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]
  • Jeff Lee
  • May 13, 2019

IAG Cargo revenues dip in Q1, despite rise in traffic

Like many carriers this year, U.K.-based IAG Cargo said its first-quarter 2019 revenues declined year-over-year, falling to €275 million during the period March 31 for a 2.5% loss, compared to Q1 of 2018, at a constant exchange rate. However, its cargo traffic increased by 2.6% to 1.39 billion cargo tonne kilometers (CTK), thanks to a […]
  • Randy Woods
  • May 13, 2019

Operating profits rise for DP-DHL Group’s Q1, but airfreight volumes drop

While Deutsche Post-DHL Group (DP-DHL) saw revenues and operating profits rise in the first quarter of 2019, compared with Q1 the year prior, the Global Forwarding, Freight (GFF), division reported airfreight volumes down by 3.9% for the period ending March 31, the fifth-straight quarter that saw volume reduction in the division. For the quarter, DP-DHL […]
  • Randy Woods
  • May 10, 2019

Adidas to use more airfreight in 2019 due to ‘supply chain shortages’

It may be Nike that owns the Air brand of sports shoes, but its Germany-based rival, Adidas, may be catching a lot more “air” in the form of airfreight shipments in the next fiscal quarter, due to supply chain shortages that began in Q1 and could possibly affect sales figures for the rest of the […]
  • Randy Woods
  • May 8, 2019

Air France-KLM reports ‘slowdown’ in Q1 cargo volume

Citing an economic slowdown, as well as “political uncertainties and trade disputes,” Air France-KLM said today that the resulting pressure on airfreight rates caused a 4% unit revenue drop in its first-quarter results. Due to the sluggish economy, airfreight tonnage was essentially flat, at 270,000 tonnes, for the three-month period ending March 31 “Several network […]
  • Randy Woods
  • May 3, 2019

WorldACD shows 3.1% decline in volumes for March

Following the deep declines in air cargo volumes at the start of the year, March volumes rose by 25% compared to February, but it was not enough to avoid a 3.1% overall drop in first-quarter volumes, compared to the previous year, reported market analysis firm WorldACD. A total of 23 of the 36 geographical markets […]
  • Randy Woods
  • May 2, 2019

C.H. Robinson reveals mixed Q1 results on lower air income, volume

Reflecting an uncertain market for air cargo and forwarding activities, U.S.-based forwarder C.H. Robinson Worldwide released first-quarter results with some strong revenue figures, along with some lackluster activity in its airfreight sector. For the three-month period ended March 31, C.H. Robinson reported an 8.4% rise in net revenues to US$678.8 million, compared to the same […]
  • Randy Woods
  • May 2, 2019

New China, Uruguay MOU expands air transport, customs opportunities  

During China’s second “Belt and Road” International Cooperation Summit last week, China and Uruguay signed a memorandum of understanding (MOU) establishing an air transport and customs agreement between the two countries. The new agreement not only supports China’s ongoing westward aviation network expansion, but also increases business opportunities for air cargo stakeholders of both countries.  Under the […]
  • Chelsea Toczauer
  • May 2, 2019

New Chongqing-Addis Ababa routes to support China-Ethiopia cargo ops

Last week, Ethiopian Airlines Group, the Chongqing Municipal People’s Government Port and Logistics Office and Chongqing Airport Group signed a freight route cooperation agreement. The new routes established by this agreement will expand on China’s already growing “Belt and Road” initiative, while also supporting Ethiopian’s efforts to grow its cargo operations.  The new agreement establishes three regular […]
  • Chelsea Toczauer
  • May 1, 2019
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