The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
Courier & Mail
Healthy Q1 for UPS, Asia export growth offsets US softness
UPS today announced its first-quarter 2016 international operating profit increased 15 per cent to US$574 million. Total revenue was $14.4 billion, up 3.2 per cent over the same quarter last year. Revenue growth was slowed by lower fuel surcharges and currency exchange rates, the company said. On a currency-neutral basis, revenue increased 3.7 per cent. Lower fuel surcharge rates reduced revenue growth by approximately 150 basis points. "The major Asian economies are showing signs of … [Read more...] about Healthy Q1 for UPS, Asia export growth offsets US softness
Amazon makes further move into European logistics
Amazon has today announced the launch of its Pan-European Fulfilment by Amazon (FBA) programme. This new service will help sellers of any size export to millions of Amazon customers across the EU more efficiently than ever before, the e-tailing giant said in a statement. Amazon customers in turn will be able to receive thousands of new products from sellers across the EU, while benefitting from faster shipping times and lower delivery costs. The launch is further evidence of Amazon’s … [Read more...] about Amazon makes further move into European logistics
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub
Frankfurt aims to be Europe´s largest CEIV certified pharma hub
Frankfurt is aiming to become the largest certified pharmaceutical gateway in Europe with a number of companies concurrently pursing the IATA CEIV Pharma certification with the support of the Air Cargo Community Frankfurt. To date two companies in Frankfurt - the Perishable Center and Bolloré Logistics Germany - have successfully completed the IATA CEIV Pharma certification. Another six companies are either already in the process or are starting the nine-month certification process. These … [Read more...] about Frankfurt aims to be Europe´s largest CEIV certified pharma hub
TIACA calls for greater coop in fight against counterfeit goods
The International Air Cargo Association (TIACA) has added its voice to the cause, condemning the growing problem of goods that infringe Intellectual Property Rights (IPR), and calling for Customs authorities to bring together rights holders, service providers, and regulators for a working dialogue in a new Position Paper published today. Goods that infringe IPR account for a growing proportion of international trade, estimated at over US$250 billion by the Organisation for Economic … [Read more...] about TIACA calls for greater coop in fight against counterfeit goods
