May 2024
A fraudulent air waybill was the catalyst for Canada’s largest-ever gold heist last year.?In the evening hours of April 17, 2023, an Air Canada cargo shipment of $14.8 million in gold bars and $1.8 million in foreign currency was stolen from a cargo warehouse at Toronto Pearson International Airport (YYZ).?
Among the suspects is a man, identified by police as the Air Canada cargo warehouse manager at the airport, seen on closed-circuit TV loading the shipment into a truck.?
Police say an organized ring of criminals orchestrated the theft. They used a copy of an air waybill that was used to process a seafood shipment the day before, officials of the Peel Regional Police Department said during a news conference.
Global air cargo markets posted double-digit growth in demand in March for the fourth consecutive month.?
Demand, measured in cargo tonne kilometers, rose 10.3% year over year overall and rose 11.4% YoY for international operations, according to March data released last week by IATA.?
“This contributed to a strong first-quarter performance which slightly exceeded even the exceptionally strong 2021 first-quarter performance during the COVID crisis,” IATA Director General Willie Walsh said in the release.?“With global cross-border trade and industrial production continuing to show a moderate upward trend, 2024 is shaping up to be a solid year for air cargo.”
AI is increasingly being used in the air cargo industry and, unlike the much-hyped blockchain, it appears AI is here to stay.?
AI can be used for digital booking and pricing optimization, flight information based on real-time data, operating efficiencies and more. Stakeholders across the supply chain are looking at how this technology can improve efficiency and take over repetitive tasks from humans.?
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Raft Chief Marketing Officer Greg Kefer discusses how AI has created a global inflection point, akin to those created by the introduction of the personal computer and the internet, in the latest episode of “On Air with Air Cargo Next.” ?
United Kingdom-based Firefly Green Fuels announced plans to construct a commercial-scale sewage-to-sustainable aviation fuel plant in Harwich, Essex, by 2029, a move that could help the aviation industry achieve net-zero carbon emissions by 2050.?
The company said it will be the first sustainable aviation fuel (SAF) producer to use human waste as a feedstock for SAF, potentially closing a gap in SAF scalability.?
“To put it simply, [human waste is] very available and easy to collect — all human waste is flushed to one location and treated,” a spokesperson for Firefly Green Fuels told Air Cargo Next. “It’s also very consistent — we take what is known as ‘sewage sludge’ or ‘biosolids,’ a material that has been through the full water treatment process. It looks like wet soil and, batch to batch, is basically identical, which is important when producing a fuel that needs to meet very stringent standards.
Air Cargo Next today launches a business directory that lists cargo carriers, service providers and technology companies. With sub-categories for each category, users are able to easily find the right business within the air cargo industry to meet their needs.?
We have built this directory as an interactive database: Each entry includes a company description, website address and contact information, and there is also an option for users to rate the businesses. There are already more than 400 businesses listed.?
Air Cargo Next invites users to add their own company information to the new database, which will help to attract clients and collaborators, and assist in its expansion.??
Additionally, listed businesses have the option to claim their own entry, allowing them to add critical information, and provide updates and images to make their entry more attractive.?
Air Cargo Next is committed to serving the air cargo industry. Explore the Air Cargo Next Directory and become a contributor. The more businesses listed, the more useful this tool will be for all.?