Cargo load factors fell further in May compared to April to an overall 44.3 per cent from 45.1 per cent a year earlier, with Asia Pacific registering the highest load factors at 53.3 per cent, followed by Europe (44.6 per cent), Middle East (43.2 per cent), Latin America (36.7 per cent) and North America (35.3 per cent). Although there was only a small increase in capacity (0.7 per cent) over the month, there was a sizeable fall in volumes, which pushed load factors down further. Air freight … [Read more...] about Cargo load factors down in May y-o-y
IATA
Cargo growth has “come off the boil”: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has “come off the boil”: IATA
Cargo growth has "come off the boil": IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about Cargo growth has "come off the boil": IATA
SDV to take CEIV Cert to 16 major airports
SDV, a leader in the global supply chain management of pharmaceutical products, is set to become the first freight forwarder to implement IATA’s CEIV Pharma Certification in 16 major airports worldwide. SDV has unveiled its plan to become the first company in the international transport and logistics industry to implement certified worldwide locations under IATA’s programme. The Center of Excellence for Independent Validators (CEIV) Pharma certification programme aims to become … [Read more...] about SDV to take CEIV Cert to 16 major airports
Modal shift for Cathay’s James Woodrow
Hong Kong's Swire group has has announced another in what appears to be a fairly regular management shakeup, which will see James Woodrow move from director of cargo at Cathay Pacific Airways to the shipping side of Swire’s vast business empire. Effective this summer Woodrow, who is also the current chairman of the International Air Transport Association's (IATA) Cargo Committee, will become managing director at The China Navigation Company Pte Ltd (CNCo). The move marks a return to sea freight … [Read more...] about Modal shift for Cathay’s James Woodrow
Modal shift for Cathay's James Woodrow
Hong Kong's Swire group has has announced another in what appears to be a fairly regular management shakeup, which will see James Woodrow move from director of cargo at Cathay Pacific Airways to the shipping side of Swire’s vast business empire. Effective this summer Woodrow, who is also the current chairman of the International Air Transport Association's (IATA) Cargo Committee, will become managing director at The China Navigation Company Pte Ltd (CNCo). The move marks a return to sea freight … [Read more...] about Modal shift for Cathay's James Woodrow
