Moving into the second quarter of 2016, Cathay Pacific Airways cargo operations returned to growth, with year-over-year traffic increases that outpaced capacity expansion. Traffic rose by 0.6 percent, to 854,000 revenue tonne kilometers (RTKs), while available tonne kilometers (ATKs) fell 0.8 percent, to 1.345 million. Tonnage, meanwhile, rose 2.1 percent to 148,000 tonnes. Although cargo[…]
It’s become an annual rite of passage for the U.S. Northwest – the arrival of fresh salmon in Seattle. Only this salmon didn’t swim upstream, it flew in. This morning more than 9 tonnes of Copper River salmon landed in Seattle on an Alaska Airlines flight with much fanfare, launching the start of what is[…]
American Airlines Cargo teamed up with Canadian disaster-response organization, GlobalMedic, to deliver more than 20 pallets of water purification kits to families in areas affected by last month’s magnitude 7.8 earthquake in Ecuador. Following the earthquake, vital infrastructure, including roads, power lines and water treatment plants, were damaged along Ecuador’s Pacific coast. The cities of[…]
According to the latest figures from Incident Information Service (IIS) of the the Transported Asset Protection Association (TAPA), incidents of cargo crime in the Europe, Middle East and Africa region (EMEA) have reached a three-year high during the first quarter of 2016, averaging five incidents per day and representing nearly €8 million in losses.[…]
Canada-based CargoJet reported a net profit of US$34 million during Q1 of 2016, representing its first quarterly profit after more than two years of losses. During fiscal year 2015, the company reported a net loss of $14 million from start-up costs associated with its $1 billion overnight contract with Canada Post. In Q1 2016, investments[…]
SIA Cargo reported a loss of US$36.3 million, even as traffic rose 2.6 percent, year-over-year, in 2015, which, according to its financial calendar, ended on March 31. Although operating expenses were indeed driven down by lower fuel costs, falling $122.7 million for the year, yields fell at an even faster pace, down 11.6 percent. Declines[…]
