IATA’s latest market analysis for April revealed a marked shift from the first quarter of 2016, with growth in freight tonne kilometers (FTKs), up 3.2 percent, year-over-year, the fastest expansion recorded in a 12-month span, based on data collected from IATA carriers. All markets, with the exception of Latin America, showed growth in April. Even[…]
The latest Drewry East-West Airfreight Price Index hinted that a spring rebound may be in store for air cargo , with their index rising 0.9 points in April to a reading of 80.4, following a 0.3 point gain in March. However, optimism that airfreight would rebound in April after a lackluster first quarter may be[…]
Russian airfreight newcomer Direct-Avia will commence flights this summer with two Tupolev Tu-204-100S freighters. The new carrier was founded in December 2014, under the auspices of logistics and transport company Aircargo+. The two aircraft, were both built in 2009 and were previously operated by Russian carrier Transaero, which filed for bankruptcy in 2015. The plans still[…]
Last week HK Express Airlines, in support of global wildlife conservation efforts, said it would no longer carry shark fin in the bellies of its passenger planes, according to a report in The South China Morning Post. Of the 35 airlines that have already pledged to stop transporting shark fin, HK Express is the first[…]
DB Schenker’s new Dubai Logistics City facility has reached 100 percent utility after just two months of operations, and two years after breaking ground on the project. This is the company’s first fully owned facility in the Middle East, and represents the first of three phases of expansion that will ultimately reach 25,000 square meters[…]
Specialist logistics provider B&H Worldwide has opened a new climate-controlled storage facility to support its customers with specialized service requirements at Sydney Airport in Australia. The new facility was built following consultations with customers and their vendors and features temperature, humidity, and contaminant-control capabilities. Regional Director Steve Moralee explained that this development allows B&H to[…]
