The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5 per cent demand growth compared to 2013 measured by freight tonne kilometres (FTKs), marking a "significant acceleration" from the 1.4 per cent recorded in 2013 over 2012. IATA said the air cargo market expansion gathered momentum as 2014 progressed with the year finishing on a positive note as growth in December accelerated to 4.9 per cent, compared to December 2013. The vast … [Read more...] about Air cargo ends 2014 up 4.5% on 2013: IATA
Express
FedEx expands Latin American connections
FedEx Trade Networks is broadening its services for trade lanes connecting key destinations in Latin America. The trade lanes include the following routes: Germany (Frankfurt) to Mexico (Mexico City and Guadalajara); Germany (Frankfurt) to Brazil (São Paulo and Campinas); Hong Kong to Mexico (Mexico City and Guadalajara) and US (Dallas) to Mexico (Mexico City, Guadalajara and Monterrey). “We’re committed to supporting our customers with more shipping options to Latin … [Read more...] about FedEx expands Latin American connections
AF-KLM Cargo’s Varwijk calls it a day
Confirming what was reported in December by Dutch press, Erik Varwijk, managing director of Air France-KLM Cargo has resigned, effective 1 March after 25 years at the carrier. In a statement Varwijk said: “I have decided that I will not be available for reappointment at the end of my current term on 1 July. With the completion of the strategic reorientation of cargo, the time has come for something new.” Varwijk’s resignation comes both as a surprise, as his contract was … [Read more...] about AF-KLM Cargo’s Varwijk calls it a day
AF-KLM Cargo’s Varwijk calls it a day
Confirming what was reported in December by Dutch press, Erik Varwijk, managing director of Air France-KLM Cargo has resigned, effective 1 March after 25 years at the carrier. In a statement Varwijk said: “I have decided that I will not be available for reappointment at the end of my current term on 1 July. With the completion of the strategic reorientation of cargo, the time has come for something new.” Varwijk’s resignation comes both as a surprise, as his contract was … [Read more...] about AF-KLM Cargo’s Varwijk calls it a day
Blue Dart December quarter profit rises 17%
India’s Blue Dart Express reported a 17.7 per cent rise in standalone net profit at Rs 27.13 crore for the quarter ended December 2014. The company had registered a net profit of Rs 23.04 crore for the corresponding period a year ago, it said in a filing to the BSE. Total income from operations during the quarter increased to Rs 588.87 crore from Rs 505.50 crore in the same period last financial year. "We have been able to sustain our growth momentum in our performance this quarter, … [Read more...] about Blue Dart December quarter profit rises 17%
BMW, Bosch join DB in cartel damages claim
Reuters reported that German carmaker BMW and car supplier Bosch would join Deutsche Bahn in two claims for about 2.1 billion euros (US$2.4 billion) in damages from air freight carriers involved in a cartel. The cartel involving Lufthansa and British Airways was first discovered seven years ago and triggered fines in the EU and in the US. … [Read more...] about BMW, Bosch join DB in cartel damages claim