The coming presidency of Donald J. Trump may still seem like a large, unsettling question mark across the American landscape, but at least one air cargo group is excited about one of his campaign pledges. The Airforwarders Association is holding the incoming Trump Administration to its promise to invest US$1trillion (with a “T”) to “fix[…]
Despite a general rise in the cargo business in the third quarter of 2016 in many regions, Netherlands-based forwarder CEVA reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of US$75 million, down 6.3 percent compared with $80 million in the third quarter of 2015. In constant currency, however, CEVA’s Q3 results were flat[…]
Business is on such an upswing at AirBridgeCargo Airlines (ABC) that the carrier only needed 10 months in 2016 to top the previous year’s lift. With a 30 percent, year-over-year, growth in tonnage in October, to 57,600- tonnes, ABC entered record-breaking territory for 2016, with two more months still to go, the all-cargo airline announced.[…]
The recent spike in cargo volume from September appears to be continuing in some airports. Shanghai Pudong International Airport Cargo Terminal Co., Ltd. (PACTL), handled a record 153,607 tonnes of cargo this October, driving an 8.9 percent, year-over-year, volume growth over 2015. The strong month helped increase PACTL’s tonnage handled between January and October by[…]
FedEx’s forwarding arm, FedEx Trade Networks (FTN), announced the opening of a new office in Malaysia in Penang. Located approximately 100 miles north of the capital, Kuala Lumpur, the new FTN office is located in Penang’s central business district, close to the airport and the seaport, as well as the city’s key infrastructure facilities. According[…]
SkyCargo, the cargo arm of Emirates, has apparently tapped the brakes in the first half of its current fiscal year, reporting flat volume, year-over-year, at 1.3 million tonnes, for the six-month period ended Sept 30. Volume was not the only disappointment for the Dubai-based carrier, with net profit in the half down 75 percent, y-o-y,[…]
