Korean Air beat the previous quarter’s record operating profit as the airline posted revenue of KRW 2.8052 trillion (US$2.3168 billion) and an operating profit of KRW 788.4 billion (US$651.1 million) in the first quarter. The airline’s cargo flight operations pulled in revenue of KRW 2.1486 trillion (or US$1.7 billion) in the first quarter. Korean Air said it maximized revenue through increasing freighter operation rates and using grounded passenger jets on cargo routes. The airline noted … [Read more...] about Korean Air posts US$1.7b cargo revenue in Q1
Air Freight Logistics
Maersk buys US-based Pilot Freight Services for US$1.68b
Maersk is adding more capacity and growing its end-to-end logistics offering in the North American as it acquired US-based home delivery and big and bulk specialist Pilot Freight Services for US$1.68b. Pilot has 87 stations and hubs in North America with third-party providers of controlled trucking capacity, including FTL and LTL for both B2C and B2B distribution. The company also specialises in heavy and bulky shipments with white glove service for expedited and time-definite … [Read more...] about Maersk buys US-based Pilot Freight Services for US$1.68b
dnata invests in solar roof panels at Changi Airport
dnata is sticking to plans to reduce its carbon footprint in Singapore with newly installed rooftop solar panels at Changi Airport. The airside services provider has installed a 3.5-MWp rooftop solar power system across its operations, including its cargo and catering facilities at Changi. The ‘rooftop power plant’ comprises over 6,500 individual solar panels and will generate more than 4,300 megawatt hours of clean energy a year. dnata said the new installation will enable the company … [Read more...] about dnata invests in solar roof panels at Changi Airport
Korean Air celebrates 50 years of US operations
On 19 August last week, Korean Air celebrated the 50th anniversary of its US operations with a recognition from the city of Los Angeles for its economic contributions. In 1972, the airline started by serving only Honolulu and Los Angeles. It now flies out of 13 gateways across North America with its headquarters in downtown Los Angeles. From the 43,800 passengers transported between the US and Seoul in 1972, the airline recorded over 3 million passengers in 2019 (pre-COVID). … [Read more...] about Korean Air celebrates 50 years of US operations
Dimerco’s new multimodal service delivers for auto industry
Dimerco’s new air + road service has saved up to 40 percent on freight costs for suppliers of auto components from Southern China to a common manufacturer in Mexico. The freight forwarder was able to pull this off using scheduled flights, instead of more expensive charter flights, especially for China to US routes. “Dimerco’s Southern China Team has been exploring challenges and potential solutions with local manufacturers in the automotive metal stamping and die industry,” the company … [Read more...] about Dimerco’s new multimodal service delivers for auto industry
DFW reaches cargo milestone, banks on digitization
Dallas Fort Worth International Airport has good reason to celebrate as the airport unlocked its 1 million tonne milestone for cargo moved in 2021. The air hub, based in North Texas, announced the feat at the 2022 TIACA Executive Summit in San Francisco in end-March, attributing it to ongoing shifts in the global supply chain, including the shift from ocean to air freight. DFW said it is focused on future investments in air cargo facilities and infrastructure to meet growing demand driven … [Read more...] about DFW reaches cargo milestone, banks on digitization
