Deutsche Bahn (DB) AG issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG: “Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek … [Read more...] about DB Schenker settles with three airlines
Express
FLS launches in UAE, appoints CEO
Fast Logistics Solutions Group (FLS) has announced its launch in Dubai and the appointment of industry veteran Peter Scholten as CEO. The company has announced its service offering, including scheduled air cargo services, air cargo charter solutions, international ocean freight, multi-modal air-sea-land door-to-door solutions, customs clearance, 3PL warehousing and distribution services. In 2014 FLS Group generated US$200 million revenue with airfreight volumes at 45.000 tonnes and … [Read more...] about FLS launches in UAE, appoints CEO
IAG Cargo revenue drops 7.5%
IAG Cargo has announced its 2014 full year results, reporting commercial revenue (flown revenue plus fuel surcharges) of €992 million (approximately US$1.11 billion) over the period from 1 January to 31 December 2014, a decrease of 7.5 per cent on 2013. On a like for like basis, adjusting the prior year's figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year. On a like for like basis, volumes of 5,453 million cargo … [Read more...] about IAG Cargo revenue drops 7.5%
Panalpina expands air freight network to Brazil
Panalpina is expanding its controlled air freight network by adding a full-freighter service to Brazil. As of March, Panalpina will not only operate scheduled charter flights from Hong Kong to Huntsville, but also from Huntsville to São Paulo. The extended service is part of the recently renewed long-term agreement between Panalpina and Atlas Air. It offers scheduled main deck capacity to South America from the US and a record transit time of less than 40 hours from Hong Kong to … [Read more...] about Panalpina expands air freight network to Brazil
SmartKargo pulls a coup, brings Vertannes onboard
Barely eight months into his retirement, former global head of cargo for the International Air Transport Association (IATA), Des Vertannes has re-joined the air cargo industry, taking up a role as strategic advisor for IT firm, SmartKargo. Announcing Vertannes’ new role in the company, Jay Shelat, SmartKargo executive VP, Sales and Marketing said: "We are fortunate to have Des on board. “Des’ more than four decades of air cargo experience, … [Read more...] about SmartKargo pulls a coup, brings Vertannes onboard
Finnair joins IAG Cargo’s partner programme
Finnair Cargo has become the latest carrier to join IAG Cargo’s innovative Partner Plus programme, through which members agree to interline on each other’s metal on a commercially booked basis. Through this partnership, both IAG Cargo and Finnair are able to deliver enhanced network connectivity to their customers, who will also benefit through confirmed bookings and a higher on-load priority. Steve Gunning, CEO of IAG Cargo, commented: “Our Partner Plus programme is much … [Read more...] about Finnair joins IAG Cargo’s partner programme
