IAG Cargo has announced its 2014 full year results, reporting commercial revenue (flown revenue plus fuel surcharges) of €992 million (approximately US$1.11 billion) over the period from 1 January to 31 December 2014, a decrease of 7.5 per cent on 2013. On a like for like basis, adjusting the prior year's figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year. On a like for like basis, volumes of 5,453 million cargo … [Read more...] about IAG Cargo revenue drops 7.5%
Air Shipping Asia
Panalpina expands air freight network to Brazil
Panalpina is expanding its controlled air freight network by adding a full-freighter service to Brazil. As of March, Panalpina will not only operate scheduled charter flights from Hong Kong to Huntsville, but also from Huntsville to São Paulo. The extended service is part of the recently renewed long-term agreement between Panalpina and Atlas Air. It offers scheduled main deck capacity to South America from the US and a record transit time of less than 40 hours from Hong Kong to … [Read more...] about Panalpina expands air freight network to Brazil
3PL market to reach US$925B by 2020
The global 3PL market is forecast to reach US$925.31 billion by 2020, according to a new study by Grand View Research Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalisation has led to several companies outsourcing their logistics function. Emerging trends such as … [Read more...] about 3PL market to reach US$925B by 2020
Hactl’s strategic focus keeps it flying high
Without a doubt, living life on the edge of China’s mainland has its advantages, but it is not without its with challenges too. Growing capabilities of China’s logistics infrastructure and airports, shifting production locations, growing costs in Hong Kong and delays in getting a third runway at HKIA all stoke the eternal question of Hong Kong’s future as a logistics hub. And of course, losing your biggest customer and with it some 1.3 million tonnes of cargo handling business … [Read more...] about Hactl’s strategic focus keeps it flying high
Airbus increases A320 build rates
Airbus has further increased the production rate for its A320 Family to 50 aircraft per month from Q1 2017, matching market demand. Additionally, Airbus is adjusting the A330 production rate to six a month from Q1 2016 as it transitions towards the A330neo. “As an aircraft manufacturer, it is our role, for our employees, partners, customers and investors to anticipate market demands whilst delivering on orders and managing revenues,” said Didier Evrard, executive vice president … [Read more...] about Airbus increases A320 build rates
Jettainer starts ULD management for ECAir
Jettainer takes over the supervision of containers for Equatorial Congo Airlines (ECAir) in February. The state-owned carrier, which is Jettainer’s first African customer, is located in Brazzaville, the capital of the Republic of the Congo. ECAir is outsourcing its ULD management to Jettainer after expanding its fleet to include several widebody aircrafts of the type Boeing 767. “We are certain that Jettainer will meet the challenge in our continued growth. ECAir will be … [Read more...] about Jettainer starts ULD management for ECAir
