Confidence grows for air cargo in Asia
Picture Source: http://www.aircargonews.net/news/forwarders/single-view/news/confidence-grows-for-air-cargo-in-asia.html Airfreight volumes on Asia-Europe trade lanes eastbound and westbound are expected to surge in the coming months, according to the latest survey results for the APAC Forwarding Index. Around 54% of survey respondents predicted Asia Pacific air cargo volumes across all lanes will be higher in three months time than at present, with 37% expecting them to rema
Turkish Cargo freighter flights to Oslo
Picture Source: http://www.aircargonews.net/news/airlines/freighter/single-view/news/turkish-cargo-freighter-flights-to-oslo.html Turkish Cargo has confirmed the launched of a two times a week Airbus A330-200 freighter service to Oslo Airport, aimed at the growing Norwegian seafood export market. Said the carrier: "2016 was a record year for Norwegian seafood export, and Turkish Airlines wishes to take part in this development. Turkish Cargo has great expectations for the Nor
Profits plummet at Cargolux despite robust 2016 growth
While Cargolux Airlines reported a healthy growth of 10 percent in scheduled freight tonne kilometers (FTKs) in 2016, it’s modest net profit of US$5.5 million was nearly 90 percent below the $49 million net profit figure achieved in 2015. Total revenues also fell by 5.4 percent to $1.7 billion, compared to the previous year. Most of the discrepancy between 2015 and 2016, the carrier said, was due to unusually busy period in early 2015, caused by U.S. West Coast port congestio
WACO forwarders network grows in Silk Road, North America markets
The global freight network for independent forwarders, known as The WACO System, has added three new members in North America and along the Silk Road, increasing its representation in two major overland transportation markets. Canada-based ITN Logistics has been added to the organization’s North American roster, while Trans Global Projects (TGP), of Azerbaijan, and ACE Logistics Bel, of Belarus, are both situated along the ancient China-to-Europe land route once pioneered by
Are rising airfreight rates a sign of resurgent global trade?
Airfreight rates ticked back up again in March, up US$0.21 per kilogram, or 6.7 percent over March 2016, as the industry moved out of a seasonal decline in rates that generally follows the holiday surge. Drewry’s East West Airfreight Price Index registered an increase of 4 percent, to 87.6 points ($2.84/kg) in March 2017, pulling out of a continuous 19.2 point drop between December 2016 and February 2017. In the same period last year, airfreight rates were relatively flat. Ai
Pemco expands freighter conversion offering with B737-700s
Picture Source: http://www.aircargonews.net/news/airlines/freighter/single-view/news/pemco-expands-freighter-conversion-offering-with-b737-700s.html Pemco has expanded the range of aircraft it can offer for conversion by adding a new conversion programme for the Boeing Next Generation 737-700 aircraft. The ATSG-owned conversion and maintenance house has launched its passenger-to-flexcombi and passenger-to-freighter conversion programmes for the aircraft, which will be markete
Cargolux sees profits tumble despite traffic growth
Cargolux recorded improvements in cargo traffic and tonnes flown last year, but these increases failed to stop profits from declining by more than 80%. Figures released by the airline show that last year it registered a 9.2% improvement in traffic to 7.5bn tonne kms flown (FTK) compared with 2015, while total volumes increased by 8.4% to 964,131 tonnes. Load factors were also on the up, reaching 66.8% compared with 65.9% in 2015 as demand improvements outstripped a capacity i
Siemens to set up global logistics HQ in Dubai
Both Siemens and Dubai have visions of a new, intertwined future in the next few years. Picture Source: http://aircargoworld.com/siemens-to-set-up-global-logistics-hq-in-dubai/ The German conglomerate said it will set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai, following the city’s Expo 2020 event. For Siemens, the move will represent a commitment to the local government’s development agenda, and for Du
Asia Pacific Airlines expands fleet with B757 converted freighter
A B757 like the one recently converted by Precision Picture Source: http://www.aircargonews.net/news/airlines/freighter/single-view/news/asia-pacific-airlines-expands-fleet-with-b757-converted-freighter.html Asia Pacific Airlines has expanded its fleet with a new Boeing 757-200 conversion aircraft. The passenger-to-freighter (P2F) conversion was carried out by Precision Aircraft Solutions at its HAECO Americas Greensboro facility. Along with the cargo conversion, the aircraft
Airfreight rates climb in March
Picture Source: http://www.aircargonews.net/news/single-view/news/airfreight-rates-climb-in-march.html Global average airfreight rates increased in March against a year ago as aircraft cargo utilisation has improved. The latest figures from Drewry's Sea and Air Shipper Insight report show that average ‘all-in’ airfreight rates across 21 major east-west trade lanes increased by 7.9% year on year in March to reach $2.84 per kg. Prices were also up on February levels when airlin
