Lufthansa Cargo has seen the toll of the collapsed cargo market leave a trail of red ink across the group’s Logistics Division with profits over the first three quarters crashing from a 2008 profit of €160 million to a 2009 loss of €200 million. According to Stephan Gemkow, Lufthansa Group’s chief financial officer, capacity utilisation recovered in the third quarter of the year, “but this was only possible at considerably reduced ratesâ€Â. … [Read more...] about EUROPE & CIS: Lufthansa Cargo posts bleak results
air freighting
EUROPE & CIS: New Amsterdam, Almaty service for ABC
AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group, is launching a new Boeing 747 freighter service from Amsterdam, one of its European gateways, to Almaty, Kazakhstan. The weekly flight commenced on 5 October and operates via ABC’s hub at Sheremetyevo Airport in Moscow. Almaty is a new destination for AirBridgeCargo and the carrier says it sees significant potential in the Kazakhstan market and expects to attract a wide range of cargo shipments, including high value, … [Read more...] about EUROPE & CIS: New Amsterdam, Almaty service for ABC
DHL launches life sciences centres in SGP & India
DHL has announced a US$15 million investment in three Life Science Competence Centers to fulfill what it says is the growing demand for higher levels of quality compliance. Located in Singapore, Mumbai, and Hyderabad, the centres will bolster DHL’s logistics capabilities for the Life Science industry in the region. The company also announced the launch of the DHL Global Forwarding Aid & Relief Logistics unit in Asia Pacific based in Singapore. Drawing on DHL’s expertise … [Read more...] about DHL launches life sciences centres in SGP & India
Cargo & pax declines moderate further at HK
Cargo throughput in September at Hong Kong International Airport (HKIA) dropped 4.3 per cent year-onyear to 304,000 tonnes, while passenger throughput reached 3.5 million passenger trips in September 2009, 3.5 per cent below the same period in 2008. Air traffic movements recorded a decline of 8 per cent to 22,570. Declines in air traffic volumes have continued to narrow over the last three months, HKIA said. Noting that cargo volume has improved significantly from a drop of 22.9 per cent in … [Read more...] about Cargo & pax declines moderate further at HK
Kuehne + Nagel wins Chilean Nestlé deal
Kuehne + Nagel (K+N) has won the contract to be Nestlé Chile’s logistics service provider under which K+N will manage Nestlé’s four distribution centres located across Chile covering the northern area from Antofagasta, the central area from Quilicura (Santiago) and Maipú, and the southern area from Concepción. K+N will also be responsible for distribution services for the shelfstable range of Nestlé products. … [Read more...] about Kuehne + Nagel wins Chilean Nestlé deal
FedEx expands Asian freight forwarding biz
FedEx Trade Networks, a subsidiary of FedEx Corp, has expanded its global presence with the addition of ten new freight forwarding offices in Asia. The new facilities are located in Singapore, Taipei, Taiwan, and in Beijing, Guangzhou, Qingdao, Shenzhen, Tianjin, Xiamen, and Dalian, China. In addition, FedEx Trade Networks opened a representative office in Vietnam on 31 October 2009. These openings add to FedEx Trade Networks' freight forwarding operations in Hong Kong and Shanghai, which … [Read more...] about FedEx expands Asian freight forwarding biz