The Stifel Logistics Confidence Index for May indicated some improvements from April’s decline. In particular, the six-month outlook appears bright as airfreight gained 2.8 points to 63.4 and sea freight increased 2.1 points to 62.9. Overall, the total index increased 1.1 points to 57.4 and even though this is down 0.6 points from one year ago, it is still 6.7 points higher than May 2013. Airfreight continues to lead the optimism for both the six-month outlook as well as for the present. Sea … [Read more...] about Forwarders more upbeat about airfreight than sea
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Modal shift to sea is reversing says Drewry
An ongoing reversal of the much discussed modal shift from air to sea will continue despite the recovery of port operations on the US West Coast following the crippling strike last year, according to the latest report from Drewry Shipping Consultants. The damage done to supply chains ahead of the Thanksgiving and Christmas peaks last year has apparently left a lingering bad taste in the mouths of shippers in some high-value sectors. “As port operations improve on the US West Coast the … [Read more...] about Modal shift to sea is reversing says Drewry
Ceva gets an Urbain touch
In a short space of just over a year the logistics giant has seen a significant strategic realignment. And that much needed shift has apparently begun paying dividends judging from the fourth quarter results ending January which provided one bright spot in a year that was otherwise pretty dismal, in a market that remained flat. The first quarter this year continued this positive trend with analysts looking to second quarter results due out by end-July to see if this really is sunlight at the … [Read more...] about Ceva gets an Urbain touch
WFS is set for biggest EU expansion
Worldwide Flight Services (WFS) is set for the biggest expansion of its ground handling activities in Europe in over 40 years after being awarded full ground handling licenses to operate at Spain’s Madrid, Seville, Santiago, Oviedo and Vitoria airports. WFS won the new seven-year licenses following a public tender conducted by Aena, operator of the Spanish airports. A total of 10 ground handlers took part in the bidding process. WFS expects to commence full passenger and ramp services in … [Read more...] about WFS is set for biggest EU expansion
AAT speeds up cargo handling by 3 hrs
Hong Kong’s Asia Airfreight Terminal (AAT) has announced that it has set itself higher service standards to speed up the handling of general import cargo by up to three hours. Under the new service standards, the cargo breakdown time for passenger/ combi flights has been reduced by two hours to under three hours for cargo of less than 10 tonnes, and to less than four hours for cargo of 10 tonnes or more. For freighters, the cargo breakdown time has been cut by three hours to take five … [Read more...] about AAT speeds up cargo handling by 3 hrs
New management structure at MFAG
Mitteldeutsche Flughafen AG (MFAG) will be managed by a threeman management team, consisting of the board spokesperson Johannes Jähn, board member Markus Kopp, and the general representative Dieter Köhler. The MFAG supervisory board decided to expand the management board at its meeting on 12 June, appointing Johannes Jähn, who is currently managing director of Obi Logistics GmbH, Emil Lux GmbH and Euromate GmbH, as a new board member at Mitteldeutsche Flughafen AG. This will allow the … [Read more...] about New management structure at MFAG
