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2019 Worst Year for Air Freight Demand Since 2009: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released full-year 2019 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), fell by 3.3% compared to 2018 while capacity (AFTK) rose by 2.1%. This was the first year of declining freight volumes …

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Air France-KLM, Delta, Virgin Atlantic Launch Trans-Atlantic Joint Venture

Chennai: Port Wings News Network: Air France-KLM Cargo, Delta Air Lines Cargo and Virgin Atlantic Cargo are promising cargo customers more connections, greater shipment routing flexibility, improved trucking options, aligned services and innovative digital solutions with the launch of their expanded trans-Atlantic Joint Venture (JV). The new partnership, which represents …

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Swissterminal, DP World Enter Strategic Partnership

Chennai: Port Wings News Network: DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership. With effect from 20 January 2020, DP World has taken a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining …

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Brussels Airport Starts 2020 With Reinforced Cargo Team

Chennai: Port Wings News Network: At the end of 2019 Brussels Airport decided to significantly expand and strengthen its cargo team. Cargo was already an import cornerstone in the strategy and development of the airport with a dedicated approach, but earlier in 2019, in line with the new business strategy …

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Air Freight Demand Down 1.1% in November 2019: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 1.1% in November 2019, compared to the same period in 2018. This marks the thirteenth consecutive month of year-on-year declines in …

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Allcargo Logistics Organises Medical Camp

Chennai: Port Wings News Network: Allcargo Logistics Limited, along with the Chennai Centennial Lions Club, conducted a medical camp, blood donation camp as well as a presentation on cancer awareness. The camp was held at Allcargo Logistics Ltd- CFS, recently. The camp saw many people benefit from the free health …

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