More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
Logistics
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
TNT launches Moscow-Liege freighter service
TNT Express has launched a five day per week air cargo service linking Moscow and its main European hub Liege, via Warsaw. The new route, operated by a B737-300 freighter providing 16 tonnes of capacity, will secure and speed up the expedition of time-critical shipments to and from Russia. Examples include automotive parts, clinical supplies and biological samples, such as blood and human tissues.  The strategic air connection with Moscow will particularly strengthen TNT's service to the … [Read more...] about TNT launches Moscow-Liege freighter service
Agility’s first quarter profit plummets
Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility’s first quarter profit plummets
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
FedEx Trade Networks opens EMEA offices
FedEx Trade Networks has opened three additional offices in its Europe, Middle East and Africa (EMEA) region. This latest step in the company's global expansion plan includes new operations in Warsaw and Gdynia, Poland and Dubai, United Arab Emirates. FedEx commented that the strength of the Polish economy, in addition to its central location in Europe and on the Baltic Sea, will enable significant intra-European trade via the offices in Warsaw and Gdynia. As one of the fastest growing cargo … [Read more...] about FedEx Trade Networks opens EMEA offices
