HEADLINE
Airfreight rates on the uptick towards year end
Airfreight rates continued to climb in November as average prices reached their highest level in 2019. The latest east-west airfreight price index from consultant Drewry’s Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year. All in…
Read MoreLufthansa Cargo launches dynamic pricing
Lufthansa Cargo has added dynamic pricing and real-time booking to its online portal. The airline said the new development, which uses its Rapid Rate Response system, will help expedite and simplify the booking process for customers. The system generates spot price offers for all customers based in the following…
Read MoreEtihad Cargo bags IATA CEIV certification for perishable logistics
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has become the second only international carrier to receive International Air Transport Association’s (IATA) Centre of Excellence for Perishable Logistics (CEIV Fresh). The certification is awarded to FreshForward, the perishable services of Etihad, for achieving standards of capability, infrastructure…
Read MoreCathay Pacific Cargo remains ‘cautiously optimistic’ for 2020
In its regular newsletter to the industry – Cargo Clan – Cathay Pacific Cargo has looked back at what has been a particularly challenging year for any business based at Hong Kong International Airport (HKIA), as well as what can be expected for 2020. The continuing demonstrations and protests…
Read MoreCargo airports fly with e-commerce
The latest news regarding cargo airports comes from Montreal in Canada. Montreal’s Mirabel airport is gearing up for some infrastructure improvements. Canada’s federal government and the local airport authority have pledged to contribute altogether C$107m ($81.24m) to the project, which will go towards the construction of a 20,000 sq…
Read MoreMarginally better prospects seen for global airline industry in 2020
The International Air Transport Association (IATA) has forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019. Highlights of expected 2020 performance include: The return on invested capital is forecast to be…
Read More© 2020 ACE. All Rights Reserved