Swiss WorldCargo, the air freight division of Swiss International Air Lines, has announced plans to implement short-time work for its personnel from 1 June 1, in response to what it said were “continuing substantial declines in airfreight volumes.†… [Read more...] about Swiss WorldCargo to implement short-time work
CryoPort and FedEx in life sciences deal
US-based companies CryoPort Systems Inc and FedEx Express have announced the signing of an agreement to provide an "innovative and breakthrough" frozen shipment solution for the life science industry. The CryoPort Express Shipper allows for products to remain frozen at temperatures below -150C for up to 10 days, unlike dry ice shipping which often requires re-icing during transit, according to a statement by the two companies. "By using CryoPort Express, customers also will eliminate greenhouse … [Read more...] about CryoPort and FedEx in life sciences deal
TNT Post Germany in talks with publisher
TNT has said that it is in talks with the Georg von Holtzbrinck publishing group on forming a possible distribution partnership. TNT said that despite the absence of a level playing field in the German postal market, it remains keen on strengthening its position as a key alternative provider of mail services in Germany. TNT Post has been operating on the German postal market for almost ten years. … [Read more...] about TNT Post Germany in talks with publisher
US cargo traffic decline steady
US airlines saw air cargo traffic - as measured by revenue ton miles - decline 21 per cent year-on-year in March 2009, according to the latest statistics available from the Air Transport Association of America (ATA). The decline matches that measured in January and February and marks the eighth consecutive month of declining cargo traffic. Notably, cargo traffic in the Pacific region fell 28 per cent. Passenger numbers and revenue for April both fell – 6.3 per cent and 18 per cent … [Read more...] about US cargo traffic decline steady
More freighter capacity cuts likely
Further cuts in global freighter capacity are inevitable because of unsustainable loss-making among airlines, according to Europe's biggest all-cargo carrier. Robert van de Weg, senior VP for sales and marketing at Cargolux, said demand was down by 20-25 per cent, but estimated that capacity had only been reduced by 10-12 per cent. "So there is quite a lot still to come out, " he added, saying Cargolux had reduced its services by around 10 per cent. Most of the world's main freighter operators … [Read more...] about More freighter capacity cuts likely
Air France/KLM and Delta do transatlantic deal
A new transatlantic joint venture between Air France-KLM and Delta Air Lines will boost each partner's profits by up to US$150 million, the two airlines said recently. Air France-KLM CEO Pierre-Henri Gourgeon said the 13-year agreement to pool revenue and costs for flights between Europe and the US, and to cooperate closely on many other flights, will significantly lift both carriers' revenues while cutting costs. The deal will also mean that Delta is back in the cargo business only weeks after … [Read more...] about Air France/KLM and Delta do transatlantic deal
