Six years after Conroute Air & Sea, the exclusive Swedish partner of the U-Freight Group (UFL), was certified by the Swedish Customs authority as an Authorised Economic Operator (AEO-F), its sister company Conroute Logistics has achieved its own AEO-F accreditation. Eva Westling, branch manager Stockholm-Arlanda, who played a key role in Conroute Logistics’ accreditation process says: “We will see tangible benefits of AEO accreditation including fewer physical and documentary examinations … [Read more...] about U-Freight Swedish partner enhances trusted trader status
air cargo freight
Industry losses to top $84 billion in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 percent. Revenues will fall 50 percent to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. “Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this … [Read more...] about Industry losses to top $84 billion in 2020, says IATA
PayCargo joins hands with IBS Software for digital payments
PayCargo and IBS Software announced a joint partnership that enables rich API-based integration between their market-leading industry platforms. The integration of PayCargo’s digital payments network with IBS Software’s iCargo air cargo management platform will enable more carriers and cargo ground handling companies to digitalize and simplify payments, reducing manual processes and streamlining operations. This partnership will further position both companies as trusted digital platforms … [Read more...] about PayCargo joins hands with IBS Software for digital payments
Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19
Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market, presents updates to the 2020 outlook and growth opportunities for original equipment manufacturers (OEMs), the supply chain, and aftermarket suppliers. Under the conservative forecast scenario, the market is estimated to witness a dramatic drop in revenues, reaching $149.24 billion in 2020 and garnering a revenue of $271.67 billion by 2025. However, the aspirational … [Read more...] about Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19
Virgin Atlantic increases cargo-only flights by over 38% in June after a record-breaking month in May
Virgin Atlantic will increase its cargo-only flights by 35% to nearly 600 in June with the launch of new routes including Beijing and Brussels following the success of its May programme. June will see a total of 601 flights–597 cargo-only services and 4 repatriation flights for the UK’s Foreign & Commonwealth Office (FCO). As the airline continues to extend its network to support demand for export and import cargoes as UK and international businesses continue their recovery from the … [Read more...] about Virgin Atlantic increases cargo-only flights by over 38% in June after a record-breaking month in May
Air cargo capacity crunch: Demand plummets but capacity disappears even faster
The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7 percent compared to the same period in 2019 - the sharpest fall ever recorded. Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft. Global demand, measured in cargo tonne kilometers (CTKs), fell by 27.7 percent in April compared to the previous year (-29.5 percent for international … [Read more...] about Air cargo capacity crunch: Demand plummets but capacity disappears even faster
