-
Air freight demand, measured in freight tonne kilometers (FTKs), rose 8.2 percent year-on-year in October, according to data released by The International Air Transport Association (IATA).
-
Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.
-
Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.
-
IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.
-
IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Wednesday, April 19, 2023
Thursday, December 29, 2022
Demand to improve in Q22023: Cathay Pacific
Global economic concerns remained throughout the second half of the year, and will carry over into 2023 with some potential increases in demand around Chinese New Year.
"We expect demand to continue to underperform, particularly in Q1, but we are optimistic that by the end of Q2, as some recessionary concerns start to subside and supply chains on the Chinese Mainland normalise, we will start to see improvements," says George Edmunds, General Manager, Cargo Commercial, Cathay Pacific.
Outlining the five key takeaways from 2022, Edmunds mentions a difficult start to 2022 with the peak clearly underperforming against expectations, "especially compared to the once-in-a-lifetime peak we saw last year. That said, air cargo is still needed to meet seasonal demand, and this has ensured that while passenger belly capacity remains lower, particularly in our market, yields remain elevated in an historical context."
On capacity, Edmunds writes: "Another capacity factor comes from the number of older freighters that were reactivated due to the record rates and demand of 2020/21. Fuel prices are now above where they were in 2019, which means that a number of these older aircraft are becoming cash-negative as air cargo rates normalise, so we expect much of that capacity to permanently exit the market soon. According to a study we commissioned, 450 medium-sized to wide-body freighters could leave the market by 2030, and some possibly before."
AIT Worldwide Logistics recommits to reach net-zero carbon emissions by 2035
AIT Worldwide Logistics reaffirmed its commitment to protecting the environment as a signatory of The Climate Pledge.
Co-founded by Amazon and Global Optimism, The Climate Pledge is a commitment signed by nearly 400 companies across 34 countries to reach net-zero carbon emissions by 2040—a decade ahead of the Paris Agreement's goal of 2050.
"AIT aims to meet this goal even faster, by 2035," reads the release.
"AIT is proud to reinforce our commitment to sustainability and join a community that will share knowledge, ideas, and best practices to combat climate change," said AIT executive vice president and CIO, Ray Fennelly. "As a signatory of The Climate Pledge, we look forward to taking collective action to achieve net-zero carbon emissions by 2035, five years ahead of the pledge's 2040 target. This goal not only aligns with our core values but will also create a better planet for our teammates, customers, partners, and the communities where we live and work—for generations to come."
As a signatory to The Climate Pledge, AIT agrees to measure and report greenhouse gas emissions on a regular basis, implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies. The company also agrees to neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions.
Wednesday, December 28, 2022
Autonomous delivery set to revolutionize how sensitive human samples are transported between medical facilities
Discussions of package deliveries tend to focus on efficiencies within the consumer realm as experts in the field cite reduced carbon footprints, and easier, faster, and more accurate deliveries and returns of everyday items.
Missing from that discussion, until now is how the healthcare industry will benefit. "We are working with a major health care provider to pilot delivery of blood samples from the hospital to the lab," said Dronedek Founder and Chief Executive Officer Dan O'Toole in a recent press release issued by the company. "We are confident this work will do more than increase efficiencies, it will increase security throughout medical campuses while also bettering the patient experience."
Currently, hospitals around the world rely on human delivery personnel to deliver sensitive items like blood and tissue samples between hospitals, labs, and other medical facilities. This process has inherent delays as medical professionals who obtain samples that need laboratory examination have to wait for humans to transport the specimens from one facility to another. Additionally, those deliveries pose security risks as trusted delivery men and women could be impersonated by someone meaning to do harm. Also, humans often, and without meaning to, bring in germs and contamination to healthcare facilities.
Electronics value chain is still in transition, uncertainty continues to cloud market outlook: Report
For the first time in several quarters, the electronic components value chain is getting some pricing and lead time relief, as the new Supplyframe Commodity IQ insights reveal. Bloated inventories have led to plummeting memory device lead times and pricing, and the equalization of lead times and pricing for some passive components.
This shift has occurred amid slowing demand in many end markets as central banks continue to raise interest rates to curb inflation and economies worldwide teeter on the edge of recession. But Commodity IQ data indicates that automotive and other sectors that rely on mature process nodes will be plagued by elevated prices and lead times through most of 2023, cited a press release recently released by Supplyframe.
"Component availability is improving and prices are stabilizing across many categories, especially in the area of passive components," said Supplyframe CEO and founder Steve Flagg. "But we continue to see significant challenges related to other components and raw materials. And the economy, energy costs, and escalating geopolitical instability have dampened user demand and sourcing activity and cast a cloud of uncertainty over the electronics value chain outlook."
Tuesday, December 27, 2022
TSOR Group, Eion Corp partner up, to tackle climate change with carbon drawdown
Leading supply chain & management advisement firm TSOR Group and verified carbon dioxide removal company Eion Corp have recently announced a new partnership expansion to enable large-scale Carbon Dioxide Removal (CDR).
Also widely referred to as negative emissions, or carbon drawdown, CDR is a key element in fighting climate change, and this brand-new partnership expansion between two global leaders is expected to make waves in the industry by helping to reduce the impact of human climate change.
Eion uses proven CarbonLock™ technology — which is designed to accelerate natural geological processes to remove atmospheric carbon permanently on a mass scale, solving a global need for carbon drawdown. TSOR Group, a management advisement company founded to help organizations impact the world for future generations and overcome barriers to change, is proud to announce this new expansion with Eion.
The new technology, supply chain, and infrastructure partnership is set to operationalize Eion’s go-to-market strategy, enabling large-scale Carbon Dioxide Removal (CDR), while increasing soil health, improving ocean alkalinity, and strengthening rural communities.
Challenges increasing for shipments of dangerous goods: IATA
More than 1.25 million dangerous goods (DG) shipments are transported by air every year, and with the volume of air cargo expected to increase, the number of dangerous goods shipments will also grow, particularly those containing lithium batteries, according to 2023 Trends — Transport of dangerous goods by air by the International Air Transport Association (IATA).
“Consumer demand for electronic devices such as tablets and small personal mobility devices such as e-bikes is a key factor in driving this increase. As a result, there are new entrants in the market, which creates a need for training, process improvement and adoption of new technologies.”
Compliance will continue to be a challenge, says the update, “as supply chains evolve and regulations are developed and refined. To keep pace, it is critical for organisations to assess their DG operations to identify opportunities within their compliance infrastructure and processes. Improving and streamlining your DG operations can be implemented in phases and through a blended approach including:
Friday, December 23, 2022
FedEx DRIVE to save $4bn by FY25
FedEx is banking on its DRIVE programme to reduce more than $4 billion in structural costs by FY25.
Managed by Sriram Krishnaswamy, President and CEO, FedEx Dataworks, DRIVE has already identified 14 domains for efficiency improvements under three operations — FedEx Express, FedEx Ground and Shared & Allocated Expenses.
While FedEx Express is likely to save $1.4 billion by FY25, FedEx Ground is likely to report savings of $1.1 billion and Shared & Allocated Expenses will decline by $1.5 billion.
“We are measuring success against each domain’s FY25 permanent cost savings target in addition to using clear operational metrics to track financial and service level progress,” says Raj Subramaniam, President and Chief Executive Officer, FedEx.
Swiss WorldCargo celebrates first SAF- compensated cargo shipment
Recently, Swiss WorldCargo’s first SAF-compensated cargo shipment departed from Barcelona, heading to Zurich, with Narita as the final destination. This flight represented an important milestone for Swiss WorldCargo, as it brings the division a significant step closer to SAF leverage and, thus, to a greener future in aviation.
According to the Swiss WorldCargo colleagues supervising the transfer process at the Zurich airport, the handling went smoothly, and the cargo could proceed to its final destination, landing safely and on time in Narita. The successful delivery of this life-saving medicines shipment was also made possible by the professional coordination of the forwarding agent PHSE, a leading company in pharmaceutical logistics.
The cargo flight was carefully planned, focusing on the specific handling requirements crucial for the shipment’s transportation, with timing being of utmost importance: a fast turn-around was guaranteed, and the shipment arrived on time in Narita.
Thursday, December 22, 2022
SEKO Logistics signals growth with investments in own operations in Vietnam
SEKO Logistics (SEKO), a leading global logistics provider has recently announced the opening of the new headquarters of SEKO Vietnam in Ho Chi Minh City along with facilities and staff in key markets across the country.
This marks SEKO’s first official presence in Vietnam’s largest city and comes as SEKO looks to prioritize investments in the region following Vietnam’s strong economic growth in recent years. SEKO recently expanded into Vietnam via the acquisition of Bansard in 2021, and these additional investments in 2022 are in response to the significant growth and demand for transportation and logistics services in this growing strategic market.
In addition to the new office in Ho Chi Minh City, SEKO manages logistics services across the country via two additional strategically-important locations — Vietnam’s capital Hanoi and the coastal city of Da Nang. From this network, SEKO offers its clients a market-leading logistics network incorporating:
Subscribe to:
Posts (Atom)