Drewry’s East-West Air Freight Price Index slipped 2.3 points in March to a reading of 99.5, losing the gains achieved in February. The London-based research and advisory firm said: "A retreat in pricing was anticipated with load factors softening following factory closures over the Chinese Lunar New Year holiday period and from easing congestion in US West Coast ports dampening air freight demand." Drewry expects air freight pricing to have recovered through April, with the onset … [Read more...] about Drewry: Airfreight rates slip in March
Express
Portland-Asia cargo flight to be revived
Oregon governor Kate Brown has approved a fund of US$50,000 aimed at trying to ensure an air cargo service between Portland and Asia is resumed. It's one piece of a US$300,000 plan by the State of Oregon and the Port of Portland, which owns and operates Portland International Airport, to compensate for the loss of a marine container terminal, now that Terminal 6 has lost both of its major shipping lines. Korea’s Asiana Airlines discontinued its freighter flights from Incheon … [Read more...] about Portland-Asia cargo flight to be revived
Delhi, Schiphol to jointly promote trade lane
Delhi Airport and Amsterdam Airport Schiphol have signed a Memorandum of Understanding (MoU) to collaborate on, and promote, cargo business between them. The MoU’s scope includes business promotion, product development, knowledge sharing, training, performance benchmarking and regulatory agency cooperation. It is intended to enhance Delhi’s and India’s logistic capabilities at a global level. Speaking at the signing ceremony in Delhi, I Prabhakara Rao, CEO, DIAL … [Read more...] about Delhi, Schiphol to jointly promote trade lane
Logistics elevates Panalpina’s Q1 profit
International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
Emirates SkyCargo adds Dubai-Orlando
Emirates SkyCargo is set to expand its US cargo network to 11 destinations, when the airline launches a daily service to Orlando, Florida from 1st September 2015. The Dubai – Orlando route will be served by a B777-200 LR. The freight division of Emirates also has belly-hold cargo services to San Francisco, Seattle, Washington D.C., Boston, Dallas, New York, Los Angeles, Chicago and Houston, with the latter four cities also forming part of the air cargo carrier’s US freighter … [Read more...] about Emirates SkyCargo adds Dubai-Orlando
Logistics elevates Panalpina’s Q1 profit
International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
