Having just returned from India after attending the Air Cargo India event – which I’m sure for anybody who attended, would surely agree it just keeps getting better each time – we thought this photo summed up our miserable experience at the airport in Mumbai. Yes Air India, you were late taking off by about…hmmm, two hours…and the Mumbai airport is such a lovely place to wile away the hours... But wait, we want to digress back to the cargo event... we reckon … [Read more...] about ‘Short final on 22 left!’ – a real runway from somewhere in outback Australia!
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The world is ‘FLAT’
Ask just about anyone in the industry what 2012 holds in store and the answer is at best, “flat”, or “flat with possibly some pickup late in the year”. It’s like everyone has become numb. The rollercoaster ride from the peaks of 2007 to the depths of 2008 and back up flying high again in late 2009 through mid-2010 only to slide back down through 2011 has clearly left many in the industry with stunned senses. The last two weeks have certainly not helped provide much … [Read more...] about The world is ‘FLAT’
Hactl upgrades cargo management system
Hactl upgrades cargo management system Officials from Hong Kong Air Cargo Terminals Ltd. (Hactl) have announced that Hactl SuperTerminal 1 will transition to a new airfreight management system in December. This modernisation is a key part of Hactl’s HK$240 million (US$30.9 million) initiative to upgrade its facilities. COSAC-Plus, which will replace the technology Hactl has utilised for the past 17 years and will expedite Customs’ clearance and facilitate improved integration with … [Read more...] about Hactl upgrades cargo management system
New products, new markets for Korean Cargo
New products, new markets for Korean Cargo After facing the biggest demand fall in aviation’s history in 2009, businesses restarted again in 2010 with airlines ending last year slightly ahead of early-2008 volumes albeit with a dismal 2.7 per cent profit margin. Following the global financial crisis, air freight volumes reached their post-recession peak in May 2010, largely driven by re-stocking. But the joy was short lived and from about July this year, global freight markets began … [Read more...] about New products, new markets for Korean Cargo
FIATA TOP SIX!
FIATA TOP SIX! Having just returned last month from the annual FIATA World Congress 2011, the Belly Ache gang have half-a-dozen reflections to share on their experiences in the fascinating land of the pharaohs. Not that we’re a bunch of whinging complainers here at Belly Ache Central, but here’s our top six ‘observations’ of the recent event. And really, we DID have a great time! 6. Egypt is a great place to part with your money. We’ve been to a lot of places … [Read more...] about FIATA TOP SIX!
UPS: Continued slow growth for 2011
UPS: Continued slow growth for 2011 United Parcel Service (UPS) posted a third-quarter consolidated net income of US$1.04 billion, up five per cent from $991 million year-over-year. UPS chairman and CEO Scott Davis attributed the results to a “deceleration in exports from Asia and a challenging global economic environment.” Operating revenue rose eight per cent to $13.2 billion from $12.2 billion while operating expenses increased 9.2 per cent to $11.55 billion, producing an … [Read more...] about UPS: Continued slow growth for 2011
