HEADLINE
Air cargo sees a strong start in 2024
The International Air Transport Association (IATA) released data for January 2024 global air cargo markets indicating a strong start to 2024. Total demand, measured in cargo tonne-kilometres (CTKs), increased by 18.4% compared to January 2023 levels (19.8% for international operations). This significant upturn marks the highest annual growth in…
Read MoreAir cargo industry targets 10 MT by 2030
India has set an ambitious target for air cargo expansion to 10 million tonnes by 2030, a big jump from the current 3.5 m tonnes or so. Expectations of faster growth in India’s economy generated an upbeat mood at this year’s Air Cargo India (ACI), a three-day conference that…
Read MoreWCS being held in a scenario of change and growth in air cargo
“The priorities are the same,” says Brendan Sullivan, IATA’s Head of Cargo. “Digitalisation, sustainability, and safety and security continue to dominate. But the conversation has changed substantially. The forthcoming World Cargo Symposium (12-14 March 2024, Hong Kong) will showcase the progress being made.” WCS is considered the largest and…
Read MoreTonnages rebound post-LNY as sea-air surge continues
Global air cargo tonnages have rebounded in the final full week of February following their normal Lunar New Year (LNY) dip, while key Asia-Europe sea-air hubs have continued to record a strong surge in tonnages, linked to the disruptions to container shipping in the Red Sea, analysis this week…
Read MoreSpiceJet settles dispute with subsidiary of aircraft lessor group
SpiceJet and Celestial Aviation, a subsidiary of AerCap, one of the largest aircraft lessor groups, have mutually settled their $29.9 million (INR 250 crore) dispute through amicable negotiations, avoiding litigation. The representatives of both parties informed a bench of NCLT recently that settlement terms had been reached and requested…
Read MoreSaudia Cargo, WFS and Cainiao Group in logistics collaboration at Liege Airport
Saudia Cargo, Worldwide Flight Services (WFS), a Member of the SATS Group, and Cainiao Group have officially launched their strategic collaboration at Cainiao’s Liege eHub in Liege Airport, Belgium, further solidifying their longstanding partnership. The collaboration is aimed at optimising logistics processes through operational streamlining and the adoption of…
Read MoreNew generation of trade tech tools among topics discussed at WTO conference session hosted by Emirates SkyCargo
Emirates SkyCargo, one of the largest international cargo airlines, has hosted discussions on the hot topics in logistics and world trade and the challenges faced by the global supply chains, on the sidelines of the 13th World Trade Organisation Ministerial Conference (WTO MC13), hosted by the UAE Ministry of…
Read MoreMumbai Airport implements new system to fight congestion
The Ministry of Civil Aviation has implemented a new system to curb congestion at Mumbai Airport, involving automatically limiting slot allocations for aircraft. The restrictions cap flights at 42 per hour during normal hours and 44 during high-intensity hours. Now, there is a system in place where no approval…
Read MoreLufthansa Cargo subsidiary CB Customs Broker clears 50,000,000 shipments
In mid-February, the Lufthansa Cargo subsidiary CB Customs Broker exceeded the 50 million mark of Customs cleared shipments in just three years. The full-service Customs expert is thus making a significant contribution to the expansion of the eCommerce business within Germany and enabling a large number of companies to…
Read MoreIAG Cargo delivers 2023 revenues of €1,156 million
IAG Cargo, the cargo division of International Airlines Group (IAG), has reported its full year financial results for 2023, with commercial revenues of €1,156 million – up 3.5 per cent from pre-pandemic levels in 2019, 28.4 per cent down vs 2022. Overall yields for the year were down 38.9…
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