Despite improved results in January and February, the March edition of the Stifel Logistics Confidence Index suggests that these months may have merely amounted to positive blips within a downward trend, according to the Index’s authors at Transport Intelligence (Ti). The release of February trade volume figures for China showed that the country has experienced significant declines in both imports and exports, with the latter contracting 25.4 per cent year-on-year; the steepest decline since … [Read more...] about Stifel Logistics Index: Positive blips in a downward trend
IATA
Dual hub strategy pays off for Cargolux
The Cargolux Group has ended the financial year (and 45th anniversary year) defying an environment of low yields, continued overcapacity and declining volumes, with record levels of tonnage, block hours and crucially, a net profit after tax of US$49 million. The company outperformed not only the market, but also its direct competitors in Europe who, in a number of cases, retired freighters or reduced their air cargo activities. “It is a sign of our company’s strength that, despite the energy … [Read more...] about Dual hub strategy pays off for Cargolux
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
Cargo iQ phoenix rises from Cargo 2000
Hitting the ‘reset button’ nearly 20 years after the unfortunately-named cargo quality initiative - Cargo 2000 - was first created, the IATA-supported interest group with the mission of creating and implementing quality standards for the worldwide air cargo industry was officially renamed Cargo iQ at the World Cargo Symposium in Berlin. The rebrand, aside from moving away from the negative imagery of a name that suggests a 16 year lag in reaching its intended goals, is part of a much larger … [Read more...] about Cargo iQ phoenix rises from Cargo 2000
IATA launches ULD safety awareness campaign
The International Air Transport Association (IATA) announced the launch of a safety campaign to reduce the number of ground handling incidents involving Unit Load Devices (ULDs). Through raising awareness of the need for careful handling of ULDs across all touch points, the campaign seeks to minimise flight safety risk and reduce the number of incidents of aircraft and container damage from mishandling. IATA’s target is to save the cargo industry around US$264 million annually through promoting … [Read more...] about IATA launches ULD safety awareness campaign
PACTL obtains CEIV Pharma certification
The new cool chain infrastructure at Shanghai Pudong Int’l Airport Cargo Terminal Co., Ltd. (PACTL) has successfully completed the validation process to obtain the International Air Transport Association's (IATA’s) Center of Excellence for Independent Validators (CEIV) in Pharmaceutical Logistics. As a result, PACTL now operates the first Chinese air cargo terminal that has obtained the CEIV certification. “Having satisfied the IATA CEIV Pharma regulations, our new cool centre now fully … [Read more...] about PACTL obtains CEIV Pharma certification