Virgin Atlantic Cargo increased volumes in 2018

Today, U.K.-based Virgin Atlantic released its 2018 results, which show the airline’s cargo arm increased volume by about 6% to 244,000 tonnes, compared to the previous year, while revenue grew 13% to £222 million, year-over-year. The carrier’s volume growth percentage was above IATA’s market average of 3.5%. The carrier attributed its success to a 50% […]

Cargo is in the doldrums, IATA and WorldACD February results show

This week, February data was released by both the International Air Transport Association (IATA) and WorldACD, bolstering worries that airfreight demand is on a steady decline. “Cargo is in the doldrums with smaller volumes being shipped over the last four months than a year ago,” said Alexandre de Juniac, IATA’s Director General and CEO. IATA […]

Cargo traffic falls 12 percent among Asian carriers in Feb., says AAPA

The Association of Asia Pacific Airlines (AAPA) released its February traffic results today, showing that year-over-year growth rates for regional carriers are no longer flat, but in double-digit decline. Average traffic measured in freight tonne kilometers (FTKs) of member airlines dropped by a whopping 12 percent during the month compared to the same time last year.   The seasonal closure of businesses […]

Increased forwarding volumes, oil prices helped Bolloré see growth in 2018

French logistics conglomerate Bolloré continued to grow through the end 2018, due mostly to a 9 percent increase in its Transportation and Logistics (T&L) division. Sea- and airfreight volumes both rose in 2018, especially in Bolloré’s African operations, and also in its oil-and-gas logistics activities, which grew in revenues by 25 percent, “thanks to higher […]

Top 5 takeaways from 2018 airport cargo throughput

Last year, the world’s top 20 cargo airports by volume handled some 51 million tonnes of cargo, comprising 42 percent of total airport cargo throughput in 2018, according to preliminary world airport rankings released this week by Airports Council International (ACI). Although in many cases, airports closely tracked the overall market’s low-digit growth for 2018, […]

CEIV-Fresh standard launched in Hong Kong for perishables quality

SINGAPORE — First it was pharmaceuticals. Next came live animals. This morning the International Air Transport Association (IATA) added yet another time and temperature-sensitive cargo category to its wildly successful Center of Excellence for Independent Validators program: Perishable goods. The new industry certification — the Center for Excellence for Perishable Logistics, a.k.a. "CEIV-Fresh" — is designed […]

Pearce: No growth for the last 12 months is ‘something to worry about’

SINGAPORE – Economic reports are often a mixed bag. For every positive sign, there are several lurking omens that could spell disaster. On March 12 at IATA's World Cargo Symposium (WCS), Brian Pearce, chief economist at IATA, addressed the current economic conditions of the air cargo industry, and it was hard to read his assessment […]

Can integrated trade survive in these protectionist times?

SINGAPORE – At IATA's World Cargo Symposium (WCS), speaker Brian Pearce, chief economist at IATA, said at the “Enabling Global Trade” panel discussion that he thought the industry was “at a dangerous junction, because in many ways, I think the West is moving away from that model that is the integrated world that we were […]

Trans-Pacific rates, traffic decline early in 2019

Airfreight traffic among Asia-Pacific carriers is on the decline so far in 2019, defying expectations of increased shipments ahead of the Chinese New Year. Meanwhile, while data from the TAC Index, which publishes weekly average general cargo prices on major global origin-destination pairs, indicates that trans-Pacific airfreight rates between Hong Kong and North America have likewise fallen nearly […]

Agility survey predicts effects of trade tensions, emerging economies

Kuwait-based international forwarder Agility Logistics released its emerging markets logistics analysis that shows the hindrances that protectionist policies pose to the momentum of globalization, but also highlighted some emerging markets that are being fueled by a continued demand for e-commerce. At the forefront of the study, Agility noted that, since July 2018, the International Monetary […]

Supply chain disruptions ensue following India-Pakistan airspace dispute

Flights at Lahore Airport (LHE) and a string of smaller regional Pakistan-based airports are in operation again today after being suspended for about three days, starting last Wednesday, due to elevated military tensions between India and Pakistan that caused government officials to close Pakistan’s airspace. Trans-Eurasian cargo carriers that stop in Pakistan – including Air […]

WorldACD: Air cargo volumes in Jan. down, but specific industry volumes grew

WorldACD’s analysis for January bolsters the emerging theme of year-over-year drops in air cargo traffic – with the month showing a 2 percent decline in volume, y-o-y, as well as a decrease in overall yield, measured in U.S. dollars, of 2.5 percent. Breaking the picture down to specific channels, however, there are each some observable […]

CEVA reduces debt, confirms drop in net earnings for Q4

Earlier this month, when Swiss 3PL CEVA Logistics released its preliminary results for 2018, it touted its reduction in debt and its potential growth prospects for 2019. Today, as it released its official fourth-quarter and full-year performance figures, CEVA official retained their optimism, but, like several other logistics firms, reported double-digit losses on fourth-quarter earnings […]
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