As we enter the second half of the year, performance figures for May from the industry's leading research firms are painting a rather dismal airfreight picture for the rest of 2015.
Sometime this summer, a United Airlines flight will take off from Los Angeles International Airport bound for San Francisco using fuel generated from farm waste and oils derived from animal fats.
More and faster connections, more capacity, flexibility and time saving: these are the benefits available to European customers of Lufthansa Cargo and ANA Cargo as of Aug. 3. Both airlines are expanding their joint venture for freight consignments to routes from Europe to Japan.
A group of very important guests were transported on flight QR 8197 from Amsterdam-Schiphol to Las Vegas via Qatar Airways this past April. A 777-200 freighter was reserved for just 40 well-pampered passengers from 17 different countries, who flew "first class," so to speak, on the 11-hour, 20-minute flight. The combined net worth of these clients was about $160m. As rich as they were, they did little more on the flight than eat and sleep, with an inflight dining menu of 120 pre-packed haynets, water, oat bran for mash, mixed feed, apples and carrots.
The Stifel Logistics Confidence Index released in May reports the airfreight index increased 2.5 points to 59.5 in May, 3.8 points higher than May 2014 and 10.6 points more than May 2013. This should be good news for air forwarders as they move through the year.
The global usage of electronic air waybills (e-AWBs) stood, at the end of February, at 26.9 percent, up 2 percent from January. And IATA is confident that the industry can reach its 2015 target of 45 percent by the end of this year.
In 2014, losses in Europe, the Middle East and Africa as a result of cargo theft totaled $80m, according to the Transported Asset Protection Association. TAPA reported an average of three major cargo crimes occurred each day in 2014, targeting high-value, easy-to-steal goods in the supply chain, with an average loss of $221,000 each day.