Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
Express
UPS expects “excellent” peak season this year
Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
Venezuela still blocking US$4.1b owed to airlines
The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate, in full and at fair exchange rates, airline funds being blocked in the country. While the government has permitted the repatriation of US$424 million shared among a number of airlines, continuing sales in the country have seen the total amount owed grow to a staggering $4.1 billion. Airlines can no longer afford the risk of not … [Read more...] about Venezuela still blocking US$4.1b owed to airlines
Asia Pac carriers see 4.7% rise in cargo demand
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) showed continued expansion of both air freight and international passenger markets. For the region's carriers, demand for air freighted goods continued to grow in the month of June, helped by positive consumer and business sentiment in major developed economies. Overall, air freight demand in freight tonne kilometre (FTK) terms grew by an encouraging 4.7 per cent … [Read more...] about Asia Pac carriers see 4.7% rise in cargo demand
Air freight confidence up slightly in July
The Stifel Logistics Confidence Index for July has made a slight gain in July but continues the month-by-month fluctuations that have been occurring through much of this year. Since February the overall Index (air and sea freight combined) has increased one month and then declined the next reaching its high so far this year in May at 57.9. For the current month, the index is up 0.9 points over June to 56.1. The overall air freight confidence index has yet to return to this year’s high … [Read more...] about Air freight confidence up slightly in July
Cargolux welcomes 10th B747-8 freighter
Cargolux Airlines International will take delivery of its 10th B747-8 freighter from Boeing on 25 July. The aircraft, named ‘City of Contern’, is scheduled to leave Boeing’s Paine Field in Seattle on 24 July and after stopovers at Seattle Tacoma and Calgary, where the new freighter picks up a load of cargo, it will arrive in Luxembourg on 25 July. "The delivery of the 10th 747-8F has helped us bring down the average age of our fleet - already one of the youngest in the … [Read more...] about Cargolux welcomes 10th B747-8 freighter