Panalpina kept up overall profitability in the first nine months of 2014. Undeterred by ongoing restructuring, group gross profit and EBIT both increased 1 per cent (currency adjusted +6 per cent and +4 per cent), reaching CHF 1,178.7 million and CHF 94.4 million respectively. EBIT loss in Logistics was reduced drastically to CHF 6.9 million for the period of January to September (down from CHF 26.8 million in the same period of 2013). Air freight and ocean freight volumes grew 4 per cent and 8 … [Read more...] about Panalpina delivers stable profits during turnaround
Freight Forwarders
Hactl up 10.1% in third quarter
Hong Kong Air Cargo Terminals Limited (Hactl) has achieved 10.1 per cent growth in tonnage through its SuperTerminal 1 base in the first nine months of 2014, compared to the same period of 2013. Total cargo handled in the period was 1,323,250 tonnes. Imports in January-September increased 11.2 per cent YoY, to a total of 367,137 tonnes. Exports also grew by 7.6 per cent over 2013, reaching 748,443 tonnes. Transshipments continued to show the largest percentage growth, up 35.3 per cent on the … [Read more...] about Hactl up 10.1% in third quarter
LH Cargo appoints new board member
Alexis von Hoensbroech has been appointed new board member products & sales of Lufthansa Cargo. This means the supervisory board of the cargo airline has opted for an internal Lufthansa candidate to succeed Andreas Otto. Von Hoensbroech is currently "head of commercial Frankfurt" for Lufthansa Passage and responsible for network management, revenue management and commercial business management at the airline's biggest hub. The 44-year-old manager will take on his new position as of 1 … [Read more...] about LH Cargo appoints new board member
IATA: Air freight to grow 4.1% annually
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a CAGR of 4.1 per cent over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. “Air cargo remains as vital to the global economic system as ever. This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be … [Read more...] about IATA: Air freight to grow 4.1% annually
IAG upgrades Heathrow freight handling facility
IAG Cargo has completed a number of significant infrastructure upgrades to Premia, its London Heathrow-based premium freight handling facility. According to IAG, customers using relevant their cargo premium products, including Constant Climate and Prioritise, will benefit from an even higher standard of customer service, helping to ensure that shipments get to their markets on time and in perfect condition. Some of the key enhancements include over 50 per cent improvement in loose handling … [Read more...] about IAG upgrades Heathrow freight handling facility
Schiphol maintains cargo growth
Cargo tonnage through Amsterdam Airport Schiphol has continued its positive trend for the third quarter of 2014, up 6.7 per cent on the same period of 2013, and 8.1 per cent for the year to date. Every month of 2014 to date has exceeded 2013 figures. The third quarter was the strongest in 2014 so far, and also the best for four years - at a total of 409,382 tonnes. It brought the total of cargo handled through Schiphol to 1,211,082 for the year to date. July showed the second best growth … [Read more...] about Schiphol maintains cargo growth
