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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).
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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.
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Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.
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IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.
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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:
LATAM closes an alliance for conservation of 575,000 hectares in a priority area worldwide
LATAM Group has recently announced a new alliance with the Cataruben Foundation in CO2BIO, a project for the conservation and restoration of floodable Savannah and forests in South America, whose importance lies in its very high capacity to capture carbon dioxide, the conservation of biodiversity and the significant impact it has produced in the community.
Located in the Colombian OrinoquÃa, the project expects, by 2030, to capture 11.3 million tons of CO2 in a 575,000-hectare property, equivalent to more than three times the size of cities such as Bogotá or Sao Paulo. It will also benefit 700 families in the area and has the support of the Natural Wealth Program of the United States Agency for International Development — USAID.
CO2Bio is part of the LATAM sustainability strategy that has set the following goals: carbon-neutral growth with respect to 2019, reduce/offset the equivalent of 50% of domestic emissions by 2030, and be carbon-neutral by 2050. These goals will be achieved through the implementation of new technologies and more efficient management, advancing the use of sustainable aviation fuels, and through compensation programs focused on the conservation of strategic ecosystems.
Wednesday, December 21, 2022
GEODIS opens a new warehouse in Nuremberg metropolitan region
In December, GEODIS officially put a newly built multi-user logistics facility into operation in Aurach, in the district of Ansbach. The new facility has direct transport links to the Nuremberg metropolitan region. It has 26,757 Euro pallet spaces in the high-bay warehouse and 9,000 m2 of block storage space and is equipped with a photovoltaic system.
With the new logistics center, GEODIS optimizes its market access to one of the economically strongest regions in Bavaria and continues its Europe-wide expansion as a global transport and logistics service provider.
A total of 100 new jobs have been created at the Aurach branch. In addition to the 75 employees in the warehouse, 25 employees will work in administration and management under the direction of branch manager Bernd Feyerabend. With 28 loading ramps and 4 ground-level gates, the new logistics center offers GEODIS’s e-commerce customers a wide range of services for the distribution of, for example, large electrical appliances, consumer electronics, and furniture.
FedEx Q2 net income drops 24% to $788mn
FedEx reported a 24 percent decline in net income to $788 million for the second quarter ended November 30, 2022 compared to $1.04 billion in Q22021 on lower FedEx Express income.
Revenue declined 3 percent to $22.8 billion and net operating margin was down to 5.2 percent from 6.8 percent in the same period last year.
“The FedEx team moved with urgency to make rapid progress on our ongoing transformation while navigating a weaker demand environment,” says Raj Subramaniam, president and chief executive officer, FedEx. “Our earnings exceeded our expectations in the second quarter driven by the execution and acceleration of our aggressive cost reduction plans. At the same time, we continue to focus on delivering excellent service for our customers.”
FedEx Express operating income declined 64 percent year-over-year due to lower global volumes, partially offset by an 8 percent package yield increase. “FedEx Express implemented previously planned and incremental cost reduction actions during the quarter to mitigate the impact of volume declines including structural air network changes and the temporary parking of aircraft.”
Tuesday, December 20, 2022
WFS to handle SF Airlines' new 747F scheduled cargo services at JFK
Worldwide Flight Services (WFS) has been appointed to handle SF Airlines’ new scheduled freighter services at New York’s JFK International Airport.
The Chinese airline is operating twice-weekly Boeing 747–400F flights from Hangzhou, the capital of China’s Zhejiang province, to New York. WFS expects to handle some 12,000,000 kilos per annum for SF, which previously operated only ad hoc charter services on the route.
WFS is SF Airlines’ handling partner at three major US airports, namely Los Angeles and Huntsville International Airport, the largest commercial airport in North Alabama, as well as New York. The contracts in LAX and Alabama were awarded in October 2020 and 2022 respectively.
In New York, SF is served in WFS’ Building 73, one of seven multi-tenant WFS cargo operations at JFK. WFS was originally appointed to handle cargo onboard SF’s charter flights at New York JFK in 2019.
Saudia Cargo expands partnership with cargo.one
Saudia Cargo and cargo.one announced an expansion of their partnership to bring more of the airline’s capacity on board the leading marketplace for digital air cargo bookings.
“The growth builds upon a 1.5 year collaboration in which cargo.one delivered Saudia Cargo’s first external digital sales channel and greatly enhanced both its market reach and quality of service to freight forwarders. cargo.one and Saudia teams will double down on initiatives to derive maximum value from the airline’s digital distribution.,” says a release from cargo.one.
Freight forwarders using cargo.one have booked thousands of shipments across Saudia’s global network on its dedicated freighter and passenger fleets, the release added. Over 50 percent of bookings were to destinations outside Saudi Arabia, supporting the airline to grow in new markets and customer segments.
“Saudia Cargo will continue to add new capacity to cargo.one from additional countries to new products and destinations. The airline’s teams will continue working with cargo.one to develop and apply digital best practices to enhance customer experiences and maximise operational efficiencies.”
Dronedek looks to the future of delivery and sees autonomy
The future of package delivery will be autonomous and tech-driven and consumers should start preparing now to reap its benefits, predicts Dronedek Founder and Chief Executive Officer Dan O’Toole.
“We have reached a place where consumers want things delivered better, faster, fresher, and cheaper,” says O’Toole. “Getting the most for the least is what it’s all about. Paying less, not having to leave, having the quality and freshness, right now, is where we want to be.” Meeting this consumer demand will speed autonomous delivery, he said, adding that he is optimistic consumers will quickly adapt to the new opportunities.
“Consumers are often skeptical of new technology, and autonomous delivery is no different but had consumers not already been ready to adapt in earlier times, we’d still be delivering packages by horse and buggy,” he said. “I am so optimistic about the future,” adds O’Toole. “ Better, faster, fresher, cheaper are all metrics that deliver on the promise of autonomy.”
O’Toole plans to have Dronedek mailboxes of the future available for subscription service in the first quarter of 2023. Dronedek mailboxes are secure devices that can accept deliveries of every kind — human, robotic, or drone.
Monday, December 19, 2022
Roima Intelligence Inc and Part Trap AB join forces
Roima accelerates growth, as Part Trap AB, a fast-growing B2B digital commerce software provider for discrete manufacturers known for Parttap ONE, joins Roima.
Parttrap ONE offers everything B2B companies need for online business by quickly enabling digital sales of complex products and their spare parts. Part Trap is based in Gothenburg, Sweden, and will expand Roima’s Swedish presence further.
Roima is on a continuous growth path and is one of the largest independent industrial software providers in the Nordics, with close to 45 million euros in revenues including Part Trap.
Today, Roima is serving over 400 customers worldwide, helping to boost their competitiveness through more efficient operations, better quality, and end-customer experience with solutions in manufacturing, warehouse, and product lifecycle management. Both Roima’s and Part Trap’s products leverage the SaaS model, providing fast business value capture and scalability.
Friday, December 16, 2022
time:matters extends its Sameday Air network to Africa
Time:matters has extended its network for same-day transports to include North Africa and flagged off a new station in Casablanca. The expert in high-performance and special speed logistics has thereby connected Africa as a new continent to its unique Sameday Air network, which also covers Europe, Israel, the US, and Mexico.
With Casablanca now being served 17 times a week with direct connections from Frankfurt and Paris, customers with urgent shipments will benefit from increased service frequency to one of North Africa’s most important and major economic regions.
Alexander Kohnen, CEO of time:matters, explained: “We’ve been seeing rising demand from our customers and focus industries, such as the automotive, high-tech, aviation, and aerospace sectors, for highly efficient transport options to Casablanca and North Africa for some time. By expanding our first-class Sameday Air service, we’re now filling this gap and ensuring even more options and flexibility in our transport solutions going forward.”
CMA CGM Air Cargo now available on CargoAi for instant eBooking
CargoAi became the first marketplace where CMA CGM’s capacity and rate are available for instant booking, in line with CMA CGM’s first own scheduled freighter service from Paris to Hong Kong SAR and vice versa.
“We’re thrilled that CargoMART becomes the first marketplace to sell CMA CGM’s freighter service. This is a great addition to our existing airline portfolio that users on CargoAi. get benefit from, especially with the perspective that 2C will further expand its network globally.” says Magali Beauregard, CCO of CargoAi.
CargoAi closes off 2022 with instant eBooking made available for 71 airlines from 195 origins to 447 destinations. Their CargoMART eBooking platform has become the marketplace with the most available options per routes and is becoming the partner of choice for freight forwarders.
Wednesday, December 14, 2022
Hapag not looking at air operations: CEO Jansen
German carrier Hapag-Lloyd has no plans to start air freight operations, according to CEO Rolf Habben Jansen.
“We would rather focus on core operations, and improve services,” Jansen said in a virtual live session today.
Hapag’s competitors — Mediterranean Shipping Company (MSC) with MSC Air Cargo, Maersk with Maersk Air Cargo and CMA CGM with CMA CGM Air Cargo along with buying stake in Air France-KLM — are stepping up air operations to offer complete logistics solutions to customers.
Atlas Air, a subsidiary of Nasdaq-listed Atlas Air Worldwide Holdings, has taken delivery of a Boeing 777–200 freighter, which it will operate on behalf of MSC Mediterranean Shipping Company SA, as part of a previously announced long-term aircraft, crew, maintenance, insurance (ACMI) agreement. MSC is planning to use Liege Airport as its European hub for air operations.
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