Tag: cargo news

Korean Air’s cargo business fell by 51% year-on-year

Korean Air, one of the leading airlines in South Korea, has reported a significant drop in its cargo business revenue in the first quarter of 2023. The airline's cargo business revenue fell by 51% year-on-year to KRW 1.485 trillion, mainly due to the global economic slowdown and the decrease in s...

Merlin Awarded FAA Contract to Deploy Nation’s First Autonomous Air Cargo Network

The Federal Aviation Administration (FAA) has awarded Merlin, the leading developer of safe autonomous flight technology for fixed-wing aircraft, a $1 million contract to demonstrate a highly automated flight control system in conjunction with a safety pilot. In partnership with the FAA designat...

Time for a new baseline’ as air cargo capacity rose above pre-pandemic level in February

Global air cargo volumes fell -4% year-on-year in February as available cargo capacity rose above the pre-pandemic level for the first time in four years, according to the latest weekly market analysis from CLIVE Data Services, part of Xeneta. Global air cargo capacity increased for the eleventh co...

WorldACD: Air cargo tonnages and rates are both stabilizing

Global air cargo flown tonnages continue to remain stable in the last two weeks compared to the preceding two weeks, while the previously reported softening trend of the worldwide average rates seems to have halted last week, the latest figures from WorldACD Market Data show. Looking at week 31 (...

Finnair Cargo Traffic Performance in July 2022

Despite the Russian airspace closure, Finnair’ cargo figures improved year-on-year and remained close to June 2022 figures in July. Available scheduled cargo tonne kilometres increased by 96.0% year-on-year (increased by 4.0% month-on-month) and revenue scheduled cargo tonne kilometres increase...

Air PREMIA selects IBS Software’s iCargo for its cargo operations

Air PREMIA Airlines needed a software suite to handle its cargo booking and operations processes. They found their solution from IBS Software in Thiruvananthapuram, India. Air PREMIA, founded in Seoul, South Korea in 2017, started operations in August 2021, and recently announced that it has gone...

Korean Air Cargo resumes freighter service to and from Delhi

Korean Air Cargo is resuming its B777F freighter services from 6th July 2022, with thrice weekly frequency direct to Vienna & Milan from Delhi. The flight originates at Seoul-Incheon and reached Delhi via Hanoi before it continues to Europe with focused destinations in Europe. Prithvira...

Walmart wants to combine robot and drone delivery

A Walmart drone airdrops a package in the company's hometown of Bentonville, Arkansas (Photo: Jim Allen/FreightWaves) When you’re the world’s largest retailer, customers expect a premium delivery experience — without paying a premium. But being the biggest seller on the planet also comes wi...

Hermes bolsters tech expertise with two senior leadership appointments

Hermes Logistics Technologies (HLT) has appointed Helen Arrowsmith as Senior Project Manager and Abhijeet Misra as Service Delivery Manager, to strengthen its senior leadership team as part of an ambitious growth strategy. With these appointments, HLT is fulfilling its objective to further enhanc...

Raya responds to growing demand with freighter additions

Malaysia-based Raya Airways will lease four Airbus narrowbody Passenger-to-Freighter (P2F) aircraft from ST Engineering as it looks to respond to growing demand. The tie-up will see the company lease two A320P2Fs and two A321P2Fs following the conversion of the aircraft by Elbe Flugzeugwerke (EFW...

Korean Air cargo chief talks up airline’s cargo focus

Source Flightglobal, Alfred Chua. In early February 2020 news of a novel coronavirus from the Chinese city of Wuhan began gaining prominence. At the Seoul headquarters of Korean Air, a meeting was called and a decision was made: the airline would shift its focus to cargo, and start the process o...

IAG Cargo joins Neutral Air Partner

Neutral Air Partner (NAP) welcomes IAG Cargo, the cargo division of International Airlines Group (IAG) as an airline partner with an aim to help its members grow their business and further develop cooperation in all areas of the air cargo logistics sector. The partnership will see IAG Cargo and NAP ...

Cooling transatlantic market sees average air cargo rates dip 30% between April and June

Global air cargo volumes fell again in June, down 8% year-on-year, with additional summer airline capacity continuing to apply a downward pressure on airfreight rates, especially on the North Atlantic which has seen a 30% decline over the past three months, according to the latest weekly air cargo m...

Airforwarders association appoints Rock-it Global’s Jacob Fisher as newest board member

Rock-it Global has signaled its close support for the Airforwarders Association (AfA) by maintaining a leading presence on its Board of Directors following Sasha Goodman’s term, which expires at the end of 2022. Although unrelated to Goodman's departure, Jacob (Jake) Fisher (pictured), Vice Pre...

CargoAi brings its digital ecosystem expertise to CargoTech

CargoAi has joined CargoTech, bringing its unique, cloud-native based online platform to the group. Under the CargoTech umbrella, it joins forces with ECS Group’s Cargo Digital Factory and Wiremind Cargo whose common objective is to digitise the air cargo industry. “What CargoTech was missing...

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