In spite of a slight month-to-month rise of 0.5 points, the March edition of the Stifel Logistics Confidence Index fell 9.3 points, year-over-year, compared with March 2015. However, it is important to note that in 2015, airfreight confidence was exceptionally high, given the continued impact of the U.S. West Coast port strikes. Three quarters of[…]
Aeroscraft Corp., U.S.-based manufacturer of lighter-than-air aircraft, took a major step forward in its its rigid-body, heavy-lift airship design by earning a U.S. patent for the “aerostructure,” which includes the outer shape of the vehicle. Known as the “Aeroshell,” this component covered under the patent comprises the outer shell of the vehicle, as opposed to[…]
So far this year, everything has been coming up roses for Russia-based AirBridgeCargo (ABC), and February was no exception. The airline reported its cargo volume for the month increased by 15 percent, year-over-year, driven by growth in fresh flower shipments. The achievement was even more impressive, given the fact that February 2015 was an exceptionally[…]
To capture some of the booming perishables market in Africa, IAG Cargo has added three-times-a-week, London Gatwick to Cape Town service to its winter schedule, using a 777-200 aircraft, beginning Nov. 24. The new seasonal frequencies will supplement IAG’s thrice-weekly A330-300 Madrid-Johannesburg service, which is set to begin Aug. 1, and its existing London Heathrow-Cape[…]
We at Air Cargo World are excited that Steven Li, Director of Cross-Border E-Commerce Logistics for Cainiao, will join attendees in Hong Kong next month as a speaker at Cargo Facts Asia 2016, hosted by our sister publication, Cargo Facts. Since today is Friday, we will offer a couple of fun videos – one describing the China[…]
The Kerry Group’s freight-forwarding arm readies for continued international expansion into 2016. Hong Kong-based freight forwarder and logistics provider, Kerry Logistics, reported its 2015 net profit up 9 percent, year-over-year, to US$136.75 million, and said it expects to see more forwarding growth this year from acquisitions Gross revenues for the group’s combined logistics and freight[…]
