For 2013, airlines are expected to return a global net profit of $12.9bn. This is expected to lead to a net profit of $19.7bn in 2014. Both are improvements on previous months. The upward revision reflects lower jet fuel prices over the forecast period as well as improvements to the industry's structure and efficiency. Passenger markets continue to outperform the cargo business, which remains stagnant both on volumes and revenues.
The UK must push ahead with expansion of capacity with new runways at Heathrow and Gatwick airports, according to the British International Freight Association, a trade group for UK freight forwarders and logistics services providers.
Lufthansa Cargo is now offering customers real-time consignment tracking, through the use of GSM (Global System for Mobile communications) transponders.
A position paper from the Global Air Cargo Advisory Group (GACAG) says that effective air cargo screening technologies are an essential part of a multi-layered, risk- and threat-based approach to air cargo security.
DHL Global Forwarding, the air and ocean freight unit within Deutsche Post DHL, has broken ground on a $35m facility at O'Hare International Airport, which will include 53,000 square feet of office space and 423,030 square feet of warehousing, and is expected to be the largest DHL Global Forwarding building in the U.S.
There was a small improvement in airfreight growth in October, according to the International Air Transport Association. Compared to October 2012, global freight tonne kilometers rose four percent, with growth in all regions except Africa.
The latest news, analysis, services and systems regarding air cargo and its impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through air cargo solutions. New technologies that provide information during air shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As air cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using air cargo solutions to power their supply chains.
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