Changi Airport Group (CAG) announced that it has formalised the Pharma@Changi initiative, together with its partners from the air cargo supply chain. This new community will work towards the continuous strengthening of Changi’s capabilities to handle pharmaceutical air cargo. Together with CAG, the partner companies who signed the Memorandum of Understanding (MOU) are Bollore Logistics, CEVA logistics Singapore, DHL Global Forwarding, dnata Singapore, Expeditors Singapore, Global … [Read more...] about Changi Airport Group launches Pharma@Changi initiative
IATA
July shows four times higher than average y-o-y increase
According to the International Air Transport Association (IATA) data released for global air freight markets, the demand measured in freight tonne kilometers (FTKs), increased by 11.4% in July 2017 compared to the same period a year ago. This was the fourth time in five months that double-digit annual growth was recorded. July’s year-on-year increase in demand is nearly four times higher than the ten year average growth rate of 3.1%. Freight capacity, measured in available freight … [Read more...] about July shows four times higher than average y-o-y increase
Air cargo experiences strongest first half year growth since 2010
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo’s rebound from the Global Financial Crisis in 2010 and nearly triple the industry’s average growth rate of 3.9% over the last five years. Freight capacity, measured in available … [Read more...] about Air cargo experiences strongest first half year growth since 2010
Centre for Innovation for IT in Air Cargo Industry
The second edition of Clear View – A Kale Thought Leadership Summit for Air Cargo took place in Athens, Greece in July this year. A first of its kind, this is an interactive platform, which encouraging participation from IATA, leading Airlines, Cargo Handlers, Industry Associations, Regulators and Prominent Industry Consultants from North America, Europe, Africa and Asia. Kale has decided to invest an amount of USD 25,000 towards setting up a “Centre of Innovation in IT for Air … [Read more...] about Centre for Innovation for IT in Air Cargo Industry
Global Air Freight Demand Increases 13% in May
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew 12.7% in May 2017 compared to the year-earlier period. This was up from the 8.7% annual growth recorded in April 2017 and is more than three times higher than the five year average growth rate of 3.8%. Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 5.2% year-on-year in May … [Read more...] about Global Air Freight Demand Increases 13% in May
Despite demand easing, growth rates are more robust
The International Air Transport Association (IATA) released data for global air freight markets showing that demand rose 8.5% in April 2017 compared to the same period last year; measured in freight tonne kilometers (FTKs). While this was down from the 13.4% year-on-year growth recorded in March 2017, it is well above the average annual growth rate of 3.5% over the past five years. Growth in freight capacity, measured in available freight tonne kilometers (AFTKs), … [Read more...] about Despite demand easing, growth rates are more robust