Air cargo can emerge from the global economic crisis in a stronger position than other transport modes as manufacturers rethink their production and supply chain strategies, says the chairman of The International Air Cargo Association (TIACA), Ulrich Ogiermann. Manufacturers and other businesses will be more reluctant than ever to tie up vast investment in stock, taking them back to the principle of ‘just-in-time’ production, he said. This, he added “demands the speed, … [Read more...] about TIACA chairman says air cargo well positioned
air cargo freight
2009 aviation 2nd-safest year in history
The International Air Transport Association (IATA) announced the aviation safety performance for 2009 showing that the year’s accident rate for Western-built jet aircraft as the second lowest in aviation history. The 2009 global accident rate (measured in hull losses per million flights) was 0.71. That is equal to one accident for every 1.4 million flights. This is a significant improvement of the 0.81 rate recorded in 2008 (one accident for 1.2 million flights), IATA said. The 2009 … [Read more...] about 2009 aviation 2nd-safest year in history
Luft Cargo to see more job cuts and 4-day strike
Despite early signs of a recovery, Lufthansa Cargo is reportedly planning to to reduce its workforce by 10 per cent in 2010 in response to the steep declines in freight revenue and traffic in 2009 which pushed Lufthansa Cargo US$300 million into the red in the first nine months of the year from a $240 million profit in the same period in 2008. The carrier is also poised to swing into crisis management mode as Lufthansa pilots are set for a four-day strike from Monday. The cargo division said it … [Read more...] about Luft Cargo to see more job cuts and 4-day strike
Qantas returns to profitability
Qantas has returned to profitability in the six months ended 31 December 2009 after posting losses in the January-June half of 2009. Qantas posted a net profit of A$58 million (US$52 million) and $6.9 billion in revenue for the half year, compared to a net profit of $210 million and $8 billion in revenue for the same period 2008. Net freight revenue for Qantas Freight declined by A$96 million, or 19 per cent, compared to the same period 2008, due to major declines in yield. The economic downturn … [Read more...] about Qantas returns to profitability
MASkargo hit by price fixing complaint in US
Malaysia Airlines (MAS) has been served with a complaint by a US court over allegations of price fixing on US cargo shipments. MAS said its offices in the US were served with the complaint, which was filed by Benchmark Export Services and six other plaintiffs against MAS and 11 other defendants. "The case involves allegations of price fixing on airfreight shipping services and related surcharges," it said, adding it was seeking legal advice in relation to the complaint … [Read more...] about MASkargo hit by price fixing complaint in US
Cathay beefs up Miami service
Cathay Pacific is set to add a fourth weekly cargo service to Miami as Asian exports to the US continue to recover. In its first year serving the destination, Cathay carried 13 859 tonnes of cargo into Miami, part of the US$3.5 billion worth of goods shipped from China to Miami last year, according to US trade statistics. … [Read more...] about Cathay beefs up Miami service
