The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year growth of +24%, according to the latest weekly analysis by Xeneta. Global average air cargo spot rates of USD 2.68 per kg in August were boosted by continuing supply and demand imbalance. August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising … [Read more...] about Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
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Trans Global Projects appoints new Benelux Head of Operations
Trans Global Projects (TGP) has appointed Edwin van Leth as Head of Operations in the BENELUX region. Van Leth has worked in logistics for over 25 years, working across the region and multiple sectors, before specialising in project cargo. “A warm welcome to Edwin into the TGP team, we look forward to benefitting from his wealth of experience in project logistics,” said Colin Charnock, Chief Executive Officer, Trans Global Projects. “Edwin will play a key role in ensuring our customers … [Read more...] about Trans Global Projects appoints new Benelux Head of Operations
Air India commences construction of mega MRO facility in Bengaluru
Air India Group announced the commencement of construction of a mega Maintenance, Repair and Overhaul (MRO) facility, at a groundbreaking ceremony in Bengaluru, reiterating its commitment to building a strong self-reliant aviation ecosystem for India. The upcoming MRO facility, being built on a 35-acre land parcel at the Bangalore International Airport will become an important hub for Air India group airlines’ aircraft maintenance operations in the region, as the airline modernizes its fleet … [Read more...] about Air India commences construction of mega MRO facility in Bengaluru
Envirotainer completes integration of va-Q-tec’s pharma business, advancing the future of pharma cold chain
Envirotainer, the specialist in temperature-sensitive pharmaceutical shipments, is embarking on the next phase of its journey to set a new standard for the future of pharmaceutical cold chain logistics with the completion of its strategic integration with va-Q-tec. As the pharmaceutical industry faces growing demands for more reliable and flexible cold chain solutions, Envirotainer has strengthened its portfolio with the addition of advanced passive cooling technologies to help lead this … [Read more...] about Envirotainer completes integration of va-Q-tec’s pharma business, advancing the future of pharma cold chain
Qantas Freight boosts capacity with new aircraft
Qantas has announced new freight schedules between Australia, Hong Kong and New Zealand to support new and growing customer demand. Three weekly services are now operating between Australia and Hong Kong using widebody A332 passenger-to-freight (P2F) aircraft. Two of these services fly from Sydney to Hong Kong every Wednesday and Sunday and, for the first time, Qantas Freight is offering a Perth-Hong Kong-Sydney service departing Australia each Friday to cater for shipments from Western … [Read more...] about Qantas Freight boosts capacity with new aircraft
CHAMP Cargosystems signs numerous new customers to Traxon Global Customs and Traxon Global Security in 2024
CHAMP Cargosystems has welcomed several new Traxon Global Customs (TGC) and Traxon Global Security (TGS) customers from the Asia-Pacific region. The regional boom reflects the demand for software solutions that simplify regulatory compliance in lockstep with government bodies requesting more granular air cargo pre-loading and pre-arrival detail. Existing CHAMP customers Biman Bangladesh, Korean Air, Sichuan Airlines and Vietnam Airlines have signed multi-year contracts for Traxon Global … [Read more...] about CHAMP Cargosystems signs numerous new customers to Traxon Global Customs and Traxon Global Security in 2024
