DB Schenker inaugurated its new €50 million European air freight hub at Frankfurt Airport this week, with operations to begin in early August which will see import and export units currently operating at different sites merged into a single unit at the airport. “This European hub is an essential turntable within our international air freight network. It will contribute to expand our position in the global competition,†said member of the Management Board of DB Mobility … [Read more...] about DB Schenker inaugurates new Euro air freight hub
Airports
IATA: Asia cargo carriers optimistic of rising demand
The latest Airline Business Confidence Index from the International Air Transport Association has indicated carriers in Asia are more optimistic of a stabilisation of profitability over the next twelve months, compared with their counterparts in Europe and North America. The report noted that air cargo demand and yields continued to suffer in the last quarter of 2009, but "recent traffic results indicate that a floor may have been reached during the first half of the year with international FTKs … [Read more...] about IATA: Asia cargo carriers optimistic of rising demand
China posts 7.9% GDP growth for second month
China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
Cargo decline slows in June at Frankfurt
Europe’s busiest air cargo hub, Frankfurt airport, has reported a slowing decline in cargo traffic in June. Frankfurt handled 148,211 tonnes of cargo in June, a 16.5 per cent drop from a year earlier that followed year-on-year declines of 17.1 per cent and 24.9 per cent in May and April respectively. The improved June figure still left cargo volumes in the first half of the year 21.4 per cent down on the same period in 2008 at 822,469 tonnes compared with 1.05 million tonnes a year … [Read more...] about Cargo decline slows in June at Frankfurt
Heathrow sees June cargo improvement
London Heathrow reported a drop in cargo traffic of 14.5 per cent in June from a year ago to 103,400 tonnes, an improvement on the 19.2 per cent drop in May. London Stansted, similarly reported a traffic drop of 14.8 per cent in June to 15,271 tonnes, a slight improvement on the 15.4 per cent decline in May. London Gatwick’s plummeting cargo volumes accelerated to -32.7 per cent for a total of 5,169 tonnes from a 21.5 per cent decline in May. Gatwick is set to lose further market … [Read more...] about Heathrow sees June cargo improvement
Frankfurt returns to normal work hours
Frankfurt airport employees will resume normal working hours this week based on what it says is a combination of winning new customers and the slowing of precipitous year-on-year declines in traffic to around 15 per cent in May from over 23 per cent in the first quarter. This also applies to the airport's cargo amid signs the six month slump in freight traffic has bottomed out. Europe’s biggest air freight hub cut hours for 500 of its 630 cargo handlers by around 20 per cent in early … [Read more...] about Frankfurt returns to normal work hours