The hard work, innovative solutions and many successes of the air cargo community were celebrated last night at the Payload Asia Awards 2014, which honoured the very best in the industry at a spectacular gala dinner and awards ceremony held at the Marina Mandarin Hotel in Singapore. Guest of honour at the event was the Director-General of Civil Aviation Authority of Singapore (CAAS), Mr Yap Ong Heng. The awards cover some 22 categories of the air cargo sector, as well as three special … [Read more...] about Payload Asia Awards 2014
IATA
IATA: Air freight to grow 4.1% annually
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a CAGR of 4.1 per cent over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. “Air cargo remains as vital to the global economic system as ever. This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be … [Read more...] about IATA: Air freight to grow 4.1% annually
Air freight recovery strengthens, says IATA
The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued robust growth in air cargo volumes. Measured by freight tonne kilometers (FTKs), volumes rose 5.1 per cent in August, compared to August 2013. Capacity grew at a slower pace of 3.4 per cent from the previous year. This is the second strong month for cargo volumes in a row, following the 6.1 per cent year-on-year rise recorded in July. Carriers in all regions reported … [Read more...] about Air freight recovery strengthens, says IATA
IATA: e-AWB adoption soars
The pace of e-AWB adoption has been steadily on the rise since 2014, according to IATA. August 2014 was the single fastest e-AWB growth in one month, with 2 per cent achieved globally. Adoption speed is now four times that of the same period last year, and this acceleration is felt across the board, with strong recent growth in Africa, Americas, Europe and North Asia. Twenty airlines have now achieved over 20 per cent e-AWB penetration – compared to only seven airlines at the beginning … [Read more...] about IATA: e-AWB adoption soars
QA to implement paperless freight transactions
Qatar Airways Cargo and Qatar Customs have signed an MoU for the use of electronic air waybill (e-AWB). The document was signed by Qatar Airways chief officer cargo, Ulrich Ogiermann and Mohammed Ahmed Al Mohannadi, operations and risk analysis department manager of customs in the presence of senior officials from both companies. The milestone agreement will bring Qatar Airways one step closer towards electronic freight, also known as e-freight, with the intention to eliminate the … [Read more...] about QA to implement paperless freight transactions
IATA airlines financial monitor – August 2014
IATA, the International Air and Transport Association, released the latest airlines financial monitor. Here are the key points: - Worldwide airline share prices rose 3 per cent in August compared to July, slightly ahead of the broader market on further easing in fuel prices; - Initial Q2 financial results show strong gains for US airlines’ performance, but declines in Asia … [Read more...] about IATA airlines financial monitor – August 2014
