AirBridgeCargo Airlines (ABC) has reported a heady start to 2016 with a 30 per cent year-on-year rise in tonnage in January to 43,605 tonnes of cargo – a record performance and growth for the airline for the first month of the year. Denis Ilin, ABC’s executive president noted that the company’s rapid expansion has resulted in "diversified network coverage, matched by a high level of service that has helped us to gain the appreciation and trust of our customers in what we do.” As a result, … [Read more...] about ABC starts 2016 off with a bang, eyes global expansion
Editor's Choice
Indonesia announces “big bang” opening up including logistics, e-commerce sectors
Indonesia’s President Joko Widodo unveiled plans this week for a "big bang" loosening of restrictions on foreign investment covering nearly 50 sectors of the economy - including the logistics sector - in order to stimulate economic expansion to reach a 7.0 per cent year-on-year gross domestic product (GDP) growth rate by 2019. The changes to Indonesia's Negative Investment List (Dafter Negatif Investasi) - the document that stipulates to what extent foreign investors can own businesses in … [Read more...] about Indonesia announces “big bang” opening up including logistics, e-commerce sectors
Bangladesh’s garment trade hit hard by concerns over Dhaka airport security
Security concerns over Bangladesh’s Dhaka Shahjalal International Airport are threatening impacting imports and exports, particularly the country’s lucrative garment trade. A recent ban by the Australian government on certain types of air cargo going Down Under has badly dented Bangladesh’s ready-made garment trade. Similarly, the UK Civil Aviation Authority urged Bangladesh in January to adopt new security measures within the next three months, insisting on a “three-layer security system” … [Read more...] about Bangladesh’s garment trade hit hard by concerns over Dhaka airport security
Lithium battery issue reignited after US safety regulators issue alerts
Earlier this week the US Federal Aviation Administration (FAA) issued a safety alert to US and foreign commercial passenger and cargo airlines, urging them to conduct a safety risk assessment to manage the risks associated with transporting lithium batteries as cargo. The alert coincides with the release by the US National Transportation Safety Board which also issued two safety recommendations on Tuesday. These include recommendations to physically separate lithium batteries from other … [Read more...] about Lithium battery issue reignited after US safety regulators issue alerts
Get used to “new normal” of cargo growth warns IATA
The International Air Transport Association (IATA) released figures for global air freight markets showing cargo volumes measured in freight tonne kilometers (FTKs) expanded 2.2 per cent in 2015 compared to 2014. This was a slower pace of growth than the 5.0 per cent growth recorded in 2014. The weakness reflects sluggish trade growth in Europe and Asia-Pacific, IATA said. After a strong start, air freight volumes began a decline that continued through most of 2015, until some improvements to … [Read more...] about Get used to “new normal” of cargo growth warns IATA
Get used to "new normal" of cargo growth warns IATA
The International Air Transport Association (IATA) released figures for global air freight markets showing cargo volumes measured in freight tonne kilometers (FTKs) expanded 2.2 per cent in 2015 compared to 2014. This was a slower pace of growth than the 5.0 per cent growth recorded in 2014. The weakness reflects sluggish trade growth in Europe and Asia-Pacific, IATA said. After a strong start, air freight volumes began a decline that continued through most of 2015, until some improvements to … [Read more...] about Get used to "new normal" of cargo growth warns IATA