Mercator, a global provider of product-enabled solutions to the travel and transportation industry, announced that it has acquired Seattle-based Revenue Management Systems, Inc. (RMS), an industry-leading developer of innovative revenue management products. Terms of the transaction were not disclosed. Over 70 of the world’s most profitable and fastest growing airlines deploy RMS’s AirRM, a cloud based stat-of-the-art, revenue management, analytics, and reporting system. AirRM increases … [Read more...] about Mercator acquires Seattle-based Revenue Management Systems
IT
Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
Cargo iQ phoenix rises from Cargo 2000
Hitting the ‘reset button’ nearly 20 years after the unfortunately-named cargo quality initiative - Cargo 2000 - was first created, the IATA-supported interest group with the mission of creating and implementing quality standards for the worldwide air cargo industry was officially renamed Cargo iQ at the World Cargo Symposium in Berlin. The rebrand, aside from moving away from the negative imagery of a name that suggests a 16 year lag in reaching its intended goals, is part of a much larger … [Read more...] about Cargo iQ phoenix rises from Cargo 2000
IATA launches ULD safety awareness campaign
The International Air Transport Association (IATA) announced the launch of a safety campaign to reduce the number of ground handling incidents involving Unit Load Devices (ULDs). Through raising awareness of the need for careful handling of ULDs across all touch points, the campaign seeks to minimise flight safety risk and reduce the number of incidents of aircraft and container damage from mishandling. IATA’s target is to save the cargo industry around US$264 million annually through promoting … [Read more...] about IATA launches ULD safety awareness campaign
Hellmann Worldwide goes with Freightos for rate management
Hellmann Worldwide Logistics announced that it is completing a global rollout of the Freightos AcceleRate rate management and auto-quote system to further increase value for customers and improve operational efficiency across all modes. Selected after an extensive vetting process, the AcceleRate rate management and sales digitalisation system is already optimising air, ocean, truck and rail freight pricing and sales for Hellmann Worldwide Logistics offices globally. As a result, Hellmann … [Read more...] about Hellmann Worldwide goes with Freightos for rate management
