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US logistics markets gripped by uncertainty

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recession

US logistics markets gripped by uncertainty

June 30, 2010 by Payload Asia

The annual US Council of Supply Chain Management Professionals (CSCMP) 'State of The Logistics Nation' report has described an American logistics sector hit badly by the recession, yet uncertain about the nature of the recovery. The report noted that logistics spend in the US saw a big fall in 2009 accounting for 7.7 per cent of GDP contrasting with the 9.3 per cent seen in 2008. This number has never fallen below 9 per cent in the past 5 years or below 8 per cent in the past decade, with the … [Read more...] about US logistics markets gripped by uncertainty

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, CSCMP, recession, State of The Logistics Nation, US Council of Supply Chain Management Professionals, US logistics market

Demand growing faster than expected

April 30, 2010 by Payload Asia

Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, demand, Giovanni Bisignani, IATA, International Air Transport Association, recession, recovery

Cargolux reports dire 2009 results

April 30, 2010 by Payload Asia

Cargolux reported a 2009 net loss of US$153 million, nearly triple its $61 million deficit in 2008, with revenue dropping 34 per cent to $1.3 billion as the global air cargo market contracted severely. "2009 was arguably the most difficult year in the history of airfreight," Europe's largest all-cargo airline said in a statement. "The industry registered a decline in freight volume of well over 20 per cent during the year compared to 2008," which led to overcapacity with "dire consequences for … [Read more...] about Cargolux reports dire 2009 results

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Cargolux, loss, recession, results

Year-end jump in cargo volumes at Changi

January 21, 2010 by Payload Asia

Like many airports around the world, Singapore's Changi Airport registered a strong rebound in both cargo and passenger volumes in the last quarter of 2009. December saw a 15.7 per cent rise in cargo throughput to 149,700 tonnes in December compared to a year earlier when the cargo industry was in the early stage of its sharp decline. Cargo volumes for the full year 2009 were down 12 per cent to 1.63 tonnes compared to 2008 with month-by-month volumes seeing a steady improvement from January's … [Read more...] about Year-end jump in cargo volumes at Changi

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, cargo volume, Changi Airport, recession

IATA: Slow improvement continues

November 30, 2009 by Payload Asia

The International Air Transport Association (IATA) reported international scheduled traffic results for October 2009 showing continued improving conditions, although yields remain under serious pressure. Demand for both International cargo and passenger demand both rose to 0.5 per cent below October 2008 levels which is significantly better than the 5.4 per cent decline recorded in September. Load factors for cargo and passengers continue at pre-recession levels of 54.1 per cent and 78 per cent … [Read more...] about IATA: Slow improvement continues

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, IATA, International Air Transport Association, recession

Emirates posts 1H net profit of US$200M

November 13, 2009 by Payload Asia

Emirates posts 1H net profit of US$200M Emirates airline produced a net profit of Dhs 752 million (US$205 million), for the first six months of its current financial year ending 30 September 2009. This represents a 165 per cent improvement compared to Dhs 284 million (US$77 million) net profits for the same period in 2008. During this period Emirates SkyCargo carried 700,000 tonnes of cargo, which it said was “in line with last year”. Emirates carried a total of 13 million … [Read more...] about Emirates posts 1H net profit of US$200M

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Emirates Airline, profit, recession, results, Sheikh Ahmed Bin Saeed Al Maktoum, SkyCargo

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