French-based logistics provider Geodis said that it had returned to strong growth in the first half of 2010. Together, recent acquisitions and organic growth drove a 37.1 per cent (€841.6 million) increase in revenue to €3,112.6 million. It also pointed to higher air and sea freight volumes, notably between Asia and Europe, which lifted revenue in the first half. The start-up of new contract logistics projects and a slight upturn in the automotive industry business also contributed … [Read more...] about Geodis enjoys healthy growth
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Virgin Atlantic sees rising cargo yields
Rising demand for air cargo enabled Virgin Atlantic Cargo to push up yields in the first quarter with sales rising 36 per cent, driven by a 25 per cent increase in volumes, the company said. Virgin Cargo's director, John Lloyd warned though, that the recovery could be destabilised by excess capacity in the market. “The challenge now, with capacity rising again in many markets, is to ensure the industry maintains and builds upon this demand by taking sensible decisions on capacity.†… [Read more...] about Virgin Atlantic sees rising cargo yields
Still some turbulance in Japan's air cargo sector
A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan's air cargo sector
TSA claims 100% screening a success, but int’l in a “few years”
The US Transportation Security Administration (TSA) has said the 1 August deadline for 100% screening of air cargo on domestic passenger aircraft was successfully implemented, but that the same goal for international cargo would only be met in a "few years" time. The TSA said it is continuing its work to improve cargo security on passenger flights originating in other countries, with TSA administrator John S. Pistole saying: "International air cargo is more secure than it has ever been." "TSA … [Read more...] about TSA claims 100% screening a success, but int’l in a “few years”
South Africa’s turn for price-fixing allegations
Eight air cargo carriers including South African Airways Cargo face allegations of fixing the price of fuel surcharges and freight rates for cargo flown in and out of South Africa. The South African Competition Commission has asked the country's Competition Tribunal to impose an administrative penalty of 10 per cent of annual turnover on each of the carriers involved. Other cargo carriers facing price fixing allegations include British Airways World Cargo, Air France Cargo, KLM Cargo, Alitalia … [Read more...] about South Africa’s turn for price-fixing allegations
TSA claims 100% screening a success, but int'l in a "few years"
The US Transportation Security Administration (TSA) has said the 1 August deadline for 100% screening of air cargo on domestic passenger aircraft was successfully implemented, but that the same goal for international cargo would only be met in a "few years" time. The TSA said it is continuing its work to improve cargo security on passenger flights originating in other countries, with TSA administrator John S. Pistole saying: "International air cargo is more secure than it has ever been." "TSA … [Read more...] about TSA claims 100% screening a success, but int'l in a "few years"
