Global logistics provider Agility on Monday reported net profit of US$138 million (KD 41.6 million) for 2020, down 52.1 percent from 2019. In its 2020 financial report, the company recognised the performance of its integrated logistics (GIL) unit, which took much of the slack as other business units saw dismal results. Full-year net revenue for GIL inched up 3.8 percent versus 2019 to US$940 million (KD283.7 million), primarily driven by air freight and contract logistics which saw revenue … [Read more...] about Air freight, contract logistics drive 2020 revenue for Agility
asia cargo news
ECS Group aims to ‘sell well’ as CMA CGM’s GSA
Over the past few weeks well-renowned GSA, ECS Group, has been getting the nod from airlines as it secured partnerships to market air cargo capacity amidst a volatile business environment. Recently, ECS was chosen by CMA CGM’s air cargo division as its exclusive GSA to market air cargo capacity between Europe and the US, and the company has set up dedicated teams in both countries. The GSA, who was also chosen by Qatar Airways, will market capacity for the four A330-200Fs in CMA CGM’s … [Read more...] about ECS Group aims to ‘sell well’ as CMA CGM’s GSA
SUN Logistics launches warehouse for air cargo screening
Hong Kong-based forwarder SUN Logistics last week launched a new regulated air cargo security facility (RACSF), alongside new warehouse services, as it looks to adopt new technologies to meet customer needs. The move follows ICAO’s full implementation of its air cargo screening policy starting 1 March 2021, where all cargo, except for validated know consignors, are subject to 100 percent security screening prior to being loaded onto commercial aircraft. SUN Logistics said the on-airport … [Read more...] about SUN Logistics launches warehouse for air cargo screening
Dubai to streamline processing of hazardous goods
Emirates SkyCargo and the Dubai Civil Aviation Authority (DCAA) have signed a memorandum of understanding (MoU) to streamline processes for the transport of dangerous or hazardous goods. The two entities will work together to “proactively share information on certain classes of dangerous goods booked for transport” on the airline through Dubai. The agreement also aims to develop an approval process for transporting such cargo for better efficiency and to reducing wait times. Also read: … [Read more...] about Dubai to streamline processing of hazardous goods
HKIA’s cargo volume up 23 percent in February
Airport Authority Hong Kong (AA) last week released the traffic figures of Hong Kong International Airport (HKIA) for February 2021. During the month, cargo throughput was 310,000 tonnes, up 23.3 percent year-on-year increase, whilst freighter movements surged 36.8 percent to 4,615, from the 3,374 recorded during the same month last year. Meanwhile, the airport handled 47,000 passengers and 8,475 flight movements, representing year-on-year drops of 97.5 percent and 53.0 percent, … [Read more...] about HKIA’s cargo volume up 23 percent in February
DHL Express opens $131m hub at Malpensa Airport
DHL Express has opened a new logistics hub at Milan’s Malpensa Airport (MXP), valued at €110 million (US$131 million) euros, as part of a €350 million (US$418 million) investment plan in Italy. The company will operate over 30 daily flights from the new hub and nearly 38,000 pieces per hour through automated sorting and scanning systems, it noted, enabling 12 times more operational capacity. It integrates both air cargo services and a service centre for last mile pick-up and delivery. The … [Read more...] about DHL Express opens $131m hub at Malpensa Airport