Airfreight rates have recovered slightly since this May’s dismal numbers, according to the latest East-West Air Freight Price Index from Drewry. Rates rose 1 index point between June and July, to reach 86.8 points. July’s index shows airfreight prices rising to US$2.82 per kilogram, compared with $2.78 per kilogram a month earlier. Over the last[…]
Aeroflot is back in the black, after cutting costs and seeing a rise in passenger numbers. On the cargo side, however, the results were mixed, with international freight down 1.7 percent, year-over-year, to 45,863 tonnes for the first seven months of 2016. July was especially grim, with tonnage down 8.9 percent, y-o-y, to 6,649 tonnes.[…]
We are thrilled to announce that Monika Wiederhold, Vice President of Product Management and Innovation for Lufthansa Cargo, will speak at the premiere of Air Cargo World’s ELEVATE 2016 Conference on Oct. 10 at the Mandarin Oriental Miami hotel. Wiederhold, who has been working jointly with the RocketSpace co-working service on a Logistics Tech Accelerator[…]
KLM Cargo transported a rare skeleton of a Tyrannosaurus rex from the United States to the Naturalis Biodiversity Centre in the Netherlands this week, with cameras on hand to capture the airborne dinosaur. The fossilized beast, nicknamed Trix, weighs around 6,000 kilograms – having shed an impressive 3,000 kilos following her demise – and is[…]
Turkish Airlines’ Istanbul Atatürk Airport cargo hub has been awarded the International Air Transport Association’s (IATA) Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV-Pharma) certification. Turkish Airlines Cargo hopes to leverage its CEIV certification to compete in a crowded cargo market. Turkish Cargo tonnage carried in the first half of 2016 rose 12[…]
Qantas’ results for fiscal year 2016 are out, and the airline’s cargo business still turned a profit – albeit less than the year before – despite what CEO Alan Joyce called, “a tough cargo market.” Qantas Freight reported underlying EBIT (earnings before interest and taxes) of US$48.75 million, down 44 percent on last year. That[…]
