Berlin-based cargo.one, which runs a platform and marketplace for booking air cargo, raised $18.6 million in series A funding led by Index Venture, the company said in a press release. Next47 and prior backers Creandum, Lufthansa Cargo and Point Nine Capital also joined in the round, along with angel investors from DST Global and Carlos Gonzalez-Cadenas (current COO of GoCardless and former-CPO of Skyscanner). With these fresh funds, the company plans to onboard new airlines, grow in … [Read more...] about Air cargo booking platform cargo.one bags $18.6 million in series A funding
Asia
May cargo demand up 2.9% for Asian carriers
Preliminary figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed further gains in air cargo markets. Air cargo demand, in freight tonne kilometre (FTK) terms, increased by 2.9 per cent, whilst offered freight capacity grew by 5.1 per cent, leading to a 1.4 percentage point decrease in the average international freight load factor to 63.5 per cent for the month. Commenting on the results, Andrew Herdman, AAPA director general said: "International … [Read more...] about May cargo demand up 2.9% for Asian carriers
Forwarders more upbeat about airfreight than sea
The Stifel Logistics Confidence Index for May indicated some improvements from April’s decline. In particular, the six-month outlook appears bright as airfreight gained 2.8 points to 63.4 and sea freight increased 2.1 points to 62.9. Overall, the total index increased 1.1 points to 57.4. Even though this is down 0.6 points from one year ago, it is still 6.7 points higher than May 2013. Airfreight continues to lead the optimism for both the six-month outlook as well as for the … [Read more...] about Forwarders more upbeat about airfreight than sea
Schiphol tonnages hit by slowing Chinese output
Amsterdam Airport Schiphol’s cargo throughput totalled 385,842 tonnes in the first three months of 2015, down 1.8 per cent on 2014. Reductions in cargo to and from Asia and Europe accounted for the drop, the first quarterly fall in almost two years. While January (-2.3 per cent) and February (+2.1 per cent) tonnages maintained the previous year’s levels and smoothed the effect of the shift in dates of the Chinese New Year between 2014 and 2015, it was March’s decline … [Read more...] about Schiphol tonnages hit by slowing Chinese output
Asians least satisfied with e-shopping experience
Creating personalised e-commerce experiences and providing alternate delivery locations are helping retailers boost customer satisfaction. According to the UPS Pulse of the Online Shopper study, online shoppers in Asia continue to be the least satisfied with their online and in-store shopping experiences. UPS and comScore Inc. released the second global study analysing what drives an online shopper’s full path to purchase. Results show the advent of the ‘flex shopper’ … [Read more...] about Asians least satisfied with e-shopping experience
Two management appointments for Virgin Cargo
Virgin Atlantic Cargo has announced two new senior management appointments to focus on its increasing transatlantic services and the development of its international network covering Asia, Australasia, the Middle East and Africa. Steve Hughes will transition from his role of regional vice president sales for Europe, Middle East and Africa (EMEA) to the newly-created post of vice president sales Transatlantic. In his new role, Hughes will be responsible for the airline’s sales in the … [Read more...] about Two management appointments for Virgin Cargo
