The global economic downturn will lead to an increase in incidents of cargo crime in 2009, warns the Transported Asset Protection Association (TAPA). The latest statistics from the association's Incident Information Service (IIS) for the Europe, Middle East and Africa (EMEA) region show 3,756 reported incidents of cargo crime during 2008 with a total loss value of more than ¢ã170.6 million. This figure will continue to grow with incident data still being collated for last year, according to … [Read more...] about Cargo crime to jump as crisis deepens
cargo
Cargo exec says industry kidding itself
Air cargo management must "strip the veils of illusion from their eyes" in combating the worst recession since the industry began 60 years ago, according to industry stalwart Julian Keeling. Keeling said these illusions included the near obsession with China as the primary engine of growth. They also included offering complicated, expensive supply chain "solutions" to the shipper rather than concentrating on fast, reliable transportation of cargo. "Let's stop adding layers of outside management … [Read more...] about Cargo exec says industry kidding itself
No pay leave extended at Singapore Air
No-pay leave extended at Singapore Air Faced with ongoing drop in load factors, excess capacity and falling yeilds, Singapore Airlines (SIA) has started preliminary talks to get its passenger plane pilots to take voluntary no-pay leave. This follows the recent agreement with 25 of its cargo pilots who voluntarily will go on no-pay leave for up to 30 months, with up to 25 more cargo pilots expected to be asked to also opt for the scheme. This comes as the airline prepares to slash up to 11 per … [Read more...] about No pay leave extended at Singapore Air
Oman Air focuses on lagging freight ratios
Oman Air said it aims to improve cargo performance to increase its contribution the carrier's total revenue. As part its ongoing expansion plan, Oman Air will boost its cargo business to account for at least 12 per cent of total airline revenues over the next five years, CEO Peter Hill said. The current ratio has freight accounting for only 2 per cent of total revenues, a poor figure by comparison with other regional carriers. Emirates¡¯ cargo division accounted for 19 per cent of total … [Read more...] about Oman Air focuses on lagging freight ratios
AirAsia X to begin cargo ops to London Stansted
Low-cost long-haul carrier AirAsia X will begin cargo operations to and from Europe from 11 March when it inaugurates flights between Kuala Lumpur and UK's London Stansted. The five times weekly direct flights will be operated using an A340-300, with about an eight tonne cargo capacity per flight. … [Read more...] about AirAsia X to begin cargo ops to London Stansted
Deeper cargo drop in Jan
Figures for January released by IATA show air freight and passenger traffic heavily down again, dropping 23.2 and 5.6 per cent respectively. The sharp fall in air freight was even deeper than the 22.6 per cent drop in December and marks the eighth consecutive month of contraction for freight traffic. Asia Pacific carriers, representing 43 per cent of the market, led the cargo decline with a 28.1 per cent year-on-year drop. This was followed closely by the other major market players: European … [Read more...] about Deeper cargo drop in Jan
