Air cargo management must "strip the veils of illusion from their eyes" in combating the worst recession since the industry began 60 years ago, according to industry stalwart Julian Keeling. Keeling said these illusions included the near obsession with China as the primary engine of growth. They also included offering complicated, expensive supply chain "solutions" to the shipper rather than concentrating on fast, reliable transportation of cargo. "Let's stop adding layers of outside management … [Read more...] about Cargo exec says industry kidding itself
Freight Forwarders
Toll completes BALtrans integration
Australian international logistics group Toll has announced it has completed the integration of BALtrans, the Hong Kong-based worldwide forwarder/logistics provider it acquired in early 2008. Toll, now one of Asia's leading providers of integrated logistics services, said that with effect 1 March, BALtrans has been rebranded as Toll Global Forwarding (TGF). It said TGF would use the new Asian forwarding and logistics operations as a platform to strengthen the Toll network in the Middle East, … [Read more...] about Toll completes BALtrans integration
Global cargo cartel fallout lands in Japan
Japan's Fair Trade Commission has notified more than 10 companies that they will be fined about ¥10 billion (US$103.2 million) for operating a cartel on international air cargo services. The FTC believes that the companies, including major distribution and logistics companies Nippon Express Co., Kintetsu World Express Inc. and Yusen Air & Sea Service Co., constrained fair competition by forming a cartel that added fuel surcharges and airport security charges to their air cargo service … [Read more...] about Global cargo cartel fallout lands in Japan
Thai aircargo plummets 50% in Jan
Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
Thai aircargo plummets 50% in Jan
Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
Kintetsu profit declines
Kintetsu World Express, Japan's second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters of fiscal 2008 totaled Â¥221.634 billion yen (US$2.42 billion), up 4 per cent on-year. But group operating, ordinary and net profits all fell because of repeated hikes in fuel surcharges and a sharp decline in the volume of air cargo volumes … [Read more...] about Kintetsu profit declines
