Precision Castparts sold to Berkshire Hathaway

In one of the largest corporate acquisitions this year, Warren Buffett’s Berkshire Hathaway company has bought aerospace parts manufacturer Precision Castparts for US$37.2 billion according to The New York Times. This is Buffett’s largest takeover, ever. Precision Castparts makes metal parts, such as investment castings, forged components and airfoil castings, which are then used in […]
  • Staff Reports
  • August 11, 2015

Cargo chat: A clear need for data transparency

Enno D. Osinga has a long and distinguished track record in aviation and logistics. The Dutch national joined KLM Royal Dutch Airlines in 1978 and held several positions there over the next 20 years before moving to DHL Express as managing director for the Netherlands. In 2005 he joined Client Logic as interim CEO, Continental […]
  • Staff Reports
  • August 10, 2015

Data screening harmonization still out of tune

The airfreight industry was probably not on Duke Ellington’s mind when he wrote his famous “It Don’t Mean a Thing (If it Ain’t Got That Swing).” But that tune would have been the per­fect backdrop for a recent day-long debate on cargo and data screening harmonization that took place in Washington, D.C. (which happens to […]
  • Brandon Fried
  • August 10, 2015

DHL GF reconsiders IT system amid first-half losses

The troubles for forwarding giant DHL Global Forwarding continued this week as is its parent company said it is reconsidering the full deployment of it much-talked-about New Forwarding Environment (NFE) IT system, which has been suspended since May. The news came as DHL GF released its second quarter results that showed a 7.2 percent decline […]
  • Randy Woods
  • August 7, 2015

Midex ceases operations

After several years of troubled operations, Midex Airlines ended operations as of June. The Sharjah-based carrier in the United Arab Emirates, was a wholly owned subsidiary of Midex International Group, a Lebanon-based courier firm, with its main hub at Paris Orly in France. At its height, Midex specialized in ad-hoc cargo flights employing a fleet of six […]
  • Staff Reports
  • August 7, 2015

IAG Cargo, Qatar expand freighter-sharing deal

A year and a half ago, IAG Cargo decided to get rid of its freighter fleet and focus instead on sharing limited freighter capacity with other carriers. In recent months, the controversial decision may be showing signs of bearing fruit as the carrier announced commercial revenues of €259 million for the first half of 2015, […]
  • Randy Woods
  • August 5, 2015

Crosstown Traffic: Finding room at the most congested airports

  During the U.S. West Coast port crisis early this year, shippers desperate to serve their clients had to turn to airfreight to get their goods to their appointed destinations on time. Many U.S. airports were overwhelmed with cargo, causing mass confusion. At Chicago O’Hare, truckers reported waiting four to nine hours to get to […]
  • Staff Reports
  • August 5, 2015

Freight to Plate: Demand ripens in fresh-food cargo market

On an unseasonably hot 90°F day in Seattle, pallets sat prepared inside the comfortable, chilly air of Alaska Air Cargo’s recently expanded cool-chain facility at SeaTac Airport. A 737-400 freighter had arrived earlier from Anchorage to unload its bounty: freshly caught Pacific salmon straight from Alaska’s waters. Crews had quickly sent the fresh fish on […]
  • Randy Woods
  • August 3, 2015

Freight to Plate: A taste for the exotic

Alaska Air Cargo is one example of how much the world has come to rely on airfreight delivery of high-quality meat, fruit and vegetables vir­tually anywhere with a runway across the globe. Foods that used to be con­sidered “exotic” or limited to narrow growing seasons – such as blueberries, strawberries or asparagus – are now […]
  • Randy Woods
  • August 3, 2015

Freight to Plate: From couriers to crustaceans

It’s difficult enough to maintain the freshness of perishables like salmon during a trans-ocean journey – just imagine how much harder it is when the air cargo destined for dinner that evening is still alive. That’s the task undertaken by Canada-based KF Aerospace, which has recently reinvented itself as a part-time lobster wrangler. Formerly known […]
  • Randy Woods
  • August 3, 2015

Freight to Plate: Clearing the Air

There’s a colorless, odorless, hard-to-detect gas, and it’s coming to get you. Well, it won’t hurt you physically, but if you’re a shipper of highly perishable food, it might steal from your bottom line. The gas is ethylene, sometimes re­ferred to as the “ripening hormone.” It’s a naturally occurring byproduct of the decaying process, slowly […]
  • Randy Woods
  • August 3, 2015

ACAS extended one more year

Forwarders and carriers that still need time to finalize their advance data-sharing operations can breathe a little easier. They now have one more year of pilot testing to smooth out the kinks, said the U.S. Customs and Border Protection (CBP). The law enforcement organization said the Air Cargo Advanced Screening (ACAS) pilot program will be […]
  • Staff Reports
  • July 30, 2015

Strong first half for Rickenbacker

U.S.-based all-cargo airport, Rickenbacker International, saw a 40.1 percent increase in cargo handled in the first half of 2015, compared to the first-half figures for 2014. So far this year, the airport has handled just over 46,000 tonnes of goods, compared to 33,000 tonnes in the same period in 2014. Carriers Cargolux, Cathay Pacific and […]
  • Staff Reports
  • July 29, 2015

AAPA reports rare drop in Asian airfreight FTKs

While international passenger demand continued to grow, the Asian air cargo market in June softened, per the latest traffic results from the Association of Asia Pacific Airlines (AAPA). Total freight tonne kilometers (FTK), as reported by the association’s 16 member carriers, dipped 0.5 percent, compared to June 2014 figures. With freight capacity increasing 2.5 percent […]
  • Staff Reports
  • July 28, 2015