HEADLINE
Airfreight market seen remaining subdued in 2020
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world. There would be some capacity coming out of the market, so there would be some balance coming, but the price…
Read MoreDomestic cargo terminal at Surat airport set to be inaugurated
Airports Authority of India (AAI) will inaugurate its domestic cargo terminal (DCT) at Surat airport (Gujarat, India) on January 29, 2020. Airlines operating from the domestic terminal will be handling cargo operations through the DCT. Mr Keku Bomi Gazder, chief executive officer of AAI Cargo Logistics and Allied Service…
Read MoreHuge cargo terminal to come up in Riyadh
Saudi aviation chiefs have given take-off clearance for the building of a giant cargo terminal at King Khalid International Airport in Riyadh. The President of the General Authority of Civil Aviation (GACA), Mr Abdulhadi Al-Mansouri, granted a license to Singapore company SATS for the provision of freight services at…
Read MoreOman Air boosting cargo operations
Oman Air has announced plans to increase its cargo-handling capacity at Muscat International Airport when the construction of its new airfreight unit is complete. Oman Air has been liaising with the departments concerned to develop air cargo operations with a goal to reaching a total volume of 500,000 tonnes…
Read MoreCargo volume down at key European airports in 2019
With few exceptions, 2019 was a not so good year for air cargo at European airports. Several of the region’s largest air cargo hubs have recently reported year-over-year volume declines, and most cited some combination of economic slowdown, US-China trade tensions and local issues as reasons for the poor…
Read MoreCargo capacity utilisation in a different perspective
The global utilisation of air cargo capacity is 35% higher than the traditional industry indicator suggests, according to a new data services company introducing the ‘dynamic load factor’ analyses. Refreshing the way air cargo capacity usage is measured to reflect modern day reality will strengthen the airlines’ voices with…
Read MoreAmazon seen launching own airline in Europe soon
It will only be a matter of time before Amazon launches its own airline in Europe as it has in the US, say analysts. Its air capacity in Europe is mainly supplied by DHL subsidiary European Air Transport but the company looks to drive down transportation costs in Europe…
Read MoreAir cargo infrastructure in Mumbai getting a fillip
With Mumbai accounting for 57 per cent of air cargo export, a lot is being done to improve the city’s cargo and logistics infrastructure covering the air network. Mumbai’s Chhatrapati Shivaji International Airport (CSIA), which connects to over 500 cargo destinations, is a major gateway for pharmaceuticals, perishables and…
Read MoreCollapsible cardboard crate for air cargo market launched
Cardboard box firm Exporta has launched a collapsible cardboard crate targeting the air cargo market. Exporta said it decided to launch the crate after it identified a gap in the market for a lightweight, but robust and reusable, crate catalunyafarm.com. The company said that when combined with a lightweight…
Read MoreNagel-Group sells its airfreight business
Food logistics firm Nagel-Group has sold its airfreight business to KOTRA-Logistics as it looks to concentrate on its core competencies. Nagel Airfreight was founded in 1987 and has about 40 employees at three German locations: Frankfurt, Berlin and Bremerhaven. The airfreight business specialises in the distribution of fresh fish,…
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