HEADLINE
Rates hold firm while tonnages weaken slightly at the start of August
Average worldwide air cargo volume slipped -1% in the first full week of August, compared with the previous week, while rates continued to hold steady. With the latest decline, global tonnages have dropped since the start of July by -3%, while the average overall rate remained stable at US$2.50….
Read MoreQatar Airways Cargo partners with CargoFlash to introduce Octoloop for online cargo bookings in India
Qatar Airways Cargo has selected Octoloop by Cargo Flash as its digital cargo booking platform via its wallet services from India, starting with Delhi and Mumbai. This partnership is set to revolutionise the cargo logistics landscape, offering streamlined operations and increased efficiency for Qatar Airways Cargo by giving opportunities…
Read MoreLufthansa Cargo adds 18th B777 freighter
Lufthansa Cargo welcomed its 18th B777 freighter at Frankfurt Airport last week. The long-haul freighter was transferred directly from the Boeing factory in Everett, USA, to the cargo airline’s largest hub. “We are delighted to welcome another efficient freighter to our fleet. This will allow us to provide our…
Read MoreKenya aviation workers delay strike for two weeks; oppose agreement with Adani to upgrade Nairobi airport
Kenya’s Workers Aviation Union (KAWU) has postponed for two weeks a strike that was scheduled to start on August 19, 2024. The union, which represents airport workers, said this was to allow for talks with the government over a proposed deal to develop the country’s main airport. It believes…
Read MoreFreightos acquires Shipsta, expanding comprehensive digital freight procurement solution
Freightos has announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and carriers. This transaction expands Freightos’ existing industry-leading spot pricing, quoting, and booking capabilities by adding tender procurement, thereby advancing Freightos’…
Read MoreFreight forwarder sell air cargo rates at a new high on Northeast Asia-Europe market
An already-hot summer on the Northeast Asia to Europe air freight market is heating up further as freight forwarder sell air cargo rates hit the highest level in nearly a year-and-a-half. By the first half of August, newly-contracted long-term general cargo sell rates hit USD 4.42 per kg, up…
Read MoreEtihad Cargo registers significant tonnage increase in H1 2024
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has reported significant growth in H1 2024. The carrier reported a 17 per cent increase in tonnage from H1 2023 to H1 2024. This robust performance underscores Etihad Cargo’s commitment to meeting the dynamic needs of its global customers…
Read MoreDB Schenker establishes digital connection to more than 50 airlines
Ahead of the expected annual peak season in air transport, DB Schenker has chosen cargo.one to digitally connect with dozens more airlines from across the globe. The collaboration enhances the global logistics service provider’s portfolio of live capacity access from nine originally to over 50 airlines in total. From…
Read MoreCathay Pacific sees healthy year-on-year tonnage growth in July
Cathay Pacific carried 126,797 tonnes of cargo in July 2024, an increase of 9.6% compared with July 2023. The month’s cargo revenue tonne kilometres (RFTKs) decreased 0.5% year on year. The cargo load factor decreased by 1.5 percentage points to 58.3%, while available cargo tonne kilometres (AFTKs) increased by…
Read MoreBoeing invests in sustainable aviation fuel production in Australia
Boeing has become an early investor in Wagner Sustainable Fuels to support the development of its sustainable aviation fuels (SAF) production facility in Brisbane, Australia, increasing Australian SAF supply and reducing aviation’s carbon emissions. Boeing’s investment in the Wagner refinery is part of its strategy to support development of…
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