STAT Times Newsletter March 09, 2023

STAT Times Newsletter March 09, 2023

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NYK sells “costly” Nippon Cargo Airlines to ANA

NYK acquired the entire shares of NCA in 2010 "with the aim of becoming a comprehensive logistics company offering ocean, land, and air transportation. However, the operation and maintenance required considerable expenditure. Read More

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Cargojet sells B777s for $53mn to preserve cash

“The B777-300 disposal has no impact on the current operations as the fleet expansion was to expand international reach," says the management discussion note issued after the announcement of Q42022 and full-year 2022 results. Read More

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Lufthansa Cargo 2022 revenue up 22%

Sales of 7.2 bn freight tonne kilometres were similar compared to the previous year. Average capacity utilisation decreased by 9.9 percentage points year-on-year to 61% while the supply of capacity increased by 17%. Read More

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Cargo demand drops nearly 15% in Jan: IATA

Compared with January 2019 cargo traffic, industry CTKs contracted by 11 percent. Seasonally adjusted (SA) air cargo traffic decreased by 10.9 percent YoY, albeit with a 2 percent increase from December 2022. Read More

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SAA Cargo partners with Menzies to provide services at 3 airports

The first phase of Menzies’ appointment started on December 1, 2022, with the handling of all SAA cargo terminal operations in Cape Town. The second phase will begin at OR Tambo in the coming weeks. Read More

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UPS to invest $15-20 million for India tech network

These centres will complement UPS’s existing teams in the U.S. and Europe responsible for developing in-house technology – the solutions that make UPS a world-class logistics provider with the best digital customer experience. Read More

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Kuehne+Nagel signs service agreement with GMR Aero Technic

With the contract, global logistics company Kuehne+Nagel will focus on inbound and outbound international air logistics needs, reduce downtime and 24x7 AOG support for GMR Aero Technic. Read More

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PPECB tracks cut flower from South Africa to Europe to highlight risk areas

The Cool Chain Association plans to draft a best practice handling procedure for perishables based on a series of trials tracking perishables exports from farm to table or vase undertaken by CCA partner PPECB. Read More

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Rhenus takes strategic holding in Wings for Aid

The logistics specialist will be responsible for the logistics operations behind the humanitarian support projects in the future and will set up the regional and in-field support bases together with Wings for Aid. Read More

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