The Air Cargo Association (TIACA) has welcomed the World Customs Organisation (WCO) Council’s adoption of important updates to its SAFE Framework of Standards to Secure and Facilitate Global Trade. As part of the changes, the WCO recently formally adopted the so–called ‘7 + 1’ data set as the requirement for risk data analysis, helping to standardise basic Pre-Loading Advance Cargo Information (PLACI) processes. “This is a major step forward for … [Read more...] about TIACA welcomes WCO’s adoption of SAFE updates
Freight Forwarders
TIACA welcomes WCO’s adoption of SAFE updates
The Air Cargo Association (TIACA) has welcomed the World Customs Organisation (WCO) Council’s adoption of important updates to its SAFE Framework of Standards to Secure and Facilitate Global Trade. As part of the changes, the WCO recently formally adopted the so–called ‘7 + 1’ data set as the requirement for risk data analysis, helping to standardise basic Pre-Loading Advance Cargo Information (PLACI) processes. “This is a major step forward for … [Read more...] about TIACA welcomes WCO’s adoption of SAFE updates
Ningxia Cargo Airlines gets green light
The Civil Aviation Administration of China (CAAC) has approved an air operator’s certificate for Ningxia Cargo Airlines, which is to become the first cargo carrier to be based in the west of the country, the Ningxia Autonomous Region. Based in Yinchuan, the carrier has a registered capital of CNY120 million (US$19.6 million), in which Shan’xi Tongyang Investment Management Co. holds a 53 per cent stake, Xi’an Huijie Industrial Logistics Co. with a 44 per cent stake, … [Read more...] about Ningxia Cargo Airlines gets green light
X2 Networks launches X2 Pay
X2 Group of Professional Logistics Networks, a global network of professional logistics specialists, has announced the debut of the newest addition to its comprehensive platform, X2 Pay. X2 Pay is a unique company-to-company financial transaction system intended specifically to facilitate instantaneous payments between members of the X2 Logistics Networks. This service has just gone live and is exclusively intended for use between the members of X2. X2 Pay will ease the payment process … [Read more...] about X2 Networks launches X2 Pay
Airports Commission advocates Heathrow 3rd runway
The UK’s Airports Commission has recommended a third runway at Heathrow airport while a second runway at Gatwick is described as a ‘credible’ option’. Expansion of the west London hub would add £147 billion (€207 billion) in economic growth by 2050, according to the report. It would also connect the UK to more than 40 new destinations around the world including 10-12 new long-haul routes. An expansion at Heathrow would also allow the airport to … [Read more...] about Airports Commission advocates Heathrow 3rd runway
Cargo growth has “come off the boil”: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA