Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain “fragile†as long as economic recovery is driven by the inventory cycle, and not by increased consumption and business investment, IATA warned. International air freight demand was 11.3 per cent lower in July than the same month in 2008, a considerably … [Read more...] about Air cargo upturn underway, but “fragileâ€Â
Freight Forwarders
THAILAND: ‘Merchant of Death’ extradition rejected
Thailand’s government has said it will appeal against a Thai court’s decision rejecting a US request for the extradition of Russian alleged arms dealer Viktor Bout. Bout, who has been dubbed the “Merchant of Deathâ€Â, has been fighting extradition since his March 2008 arrest in Bangkok while allegedly agreeing to supply missiles to Colombian rebels via his air cargo business. A Bangkok court on Tuesday said that it did not have the authority to order the … [Read more...] about THAILAND: ‘Merchant of Death’ extradition rejected
The Payload interview
For those who know Nol van Fenema and really, after nearly 26 years in the air cargo industry there aren’t many who don’t know him, this is classic Nol. Confident, yet not entirely overbearing with that ever-present, quick, dry wit with only an occasional hint of sarcasm, the Dutchman has endeared himself to an industry which he came to in 1983 bereft of any substantive cargo knowledge. goes back half a dozen years, first bumping into him at various press conferences … [Read more...] about The Payload interview
Innovation and quality pay off for Aramex
Aramex’s founder, Fadi Ghandour put it directly: “While the global economic slowdown continued to affect our revenue growth in this period (revenues fell by eight per cent), we maintained focus on operational cost efficiency and customisation capabilities to better adapt to customers’ changing business needs. This has enabled us to further improve our gross profit margins, control costs, and report an excellent netincome growth.†He went on to add that Aramex … [Read more...] about Innovation and quality pay off for Aramex
TNT awarded ISO security certification
TNT, provider of integrated express services, has become the first express integrator to achieve the ISO 28000 quality standard. The accreditation covers TNT’s regional head office in Singapore and operationsthroughout the Asia Pacific region. The ISO 28000 certification covers a wide range of requirements for a security management system, including those aspects critical to security assurance of the supply chain. Supply chain security is a key aspect in the transportation of high … [Read more...] about TNT awarded ISO security certification
EADS chief says orders may be down for two years
With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline in global traffic, the said. “The market isn’t dead, we have some campaigns, but it’s not extremely active, that’s clear,†European Aeronautic, Defence & Space Co. chief executive Louis Gallois told Bloomberg. “It’s … [Read more...] about EADS chief says orders may be down for two years
