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Air France KLM on the ascent in August

Air France KLM on the ascent in August-Forwardernews

The latest figures from European airlines show that Air France KLM saw cargo traffic increase by 4.8% year on year in August to 741m revenue tonne-km. Over the first eight months of the year demand at the group is up by 0.3%.
Capacity was up by the lower amount of 3.4% and as a result, its August load factor reached 56.8% against 56% last year.
This is the airline group’s largest percentage increase in cargo traffic since November 2016 and the first time for a while it has really maintained a streak – this is its third increase in a row - of outgrowing major competitors.

Is there light at the end of the NYC freight rail tunnel?

Is there light at the end of the NYC freight rail tunnel?-Forwardernews

For more than three decades, Rep. Jerrold Nadler has championed creating a freight rail line that would connect New Jersey and Brooklyn. While it’s an idea that has been discussed for the past century, the prospects of it happening are as good now as they’ve ever been, with the start of Tier II environmental impact statement process by the Port Authority of New York and New Jersey and the de Blasio administration’s July announcement of a FreightNYC initiative.
It would likely take until at least the latter half of the 2020s until freight would be able to move under the harbor – and one of its most vocal champions says acting now would allow it to be built before economic growth in the region would be curtailed by a lack of transportation infrastructure.

Mixed reaction over plan to revive ailing shipping agency

Mixed reaction over plan to revive ailing shipping agency-Forwardernews

As a key strategy in the recovery of KNSL, Cabinet proposed among other things, giving the company the sole mandate to handle Government cargo, estimated to be worth over Sh500 million annually.
The government further signed a memorandum of understanding with global shipping line Mediterranean Shipping Company (MSC), as a partner in the venture that is expected to see KNSL get to its feet and help Kenya exploit her potential in the Blue Economy, a key plank in Jubilee administration’s economic plan.
At least Sh250 million will need to be pumped into KNSL to make it fully operational with a target to create over 6,000 jobs five years after its revival as it seeks a slice of Sh300 billion worth of business in the shipping industry.

CMA CGM to Continue Pursuing Acquisitions

CMA CGM to Continue Pursuing Acquisitions-Forwardernews

Speaking on the sidelines of yesterday’s inauguration of the company’s new flagship, the 20,600 TEU CMA CGM Antoine de Saint Exupery, in the Port of Le Havre, the company’s CEO Radolph Saade, confirmed to Reuters his company was interested in Hapag-Lloyd but added that the matter was closed now.
Potential future targets of the company have not been revealed.

Amazon Air confirms 767 delivery schedule for 2018

Amazon Air confirms 767 delivery schedule for 2018-Forwardernews

 Next week, Atlas Air will put three more aircraft into service for Amazon, bringing the number of aircraft in operation for Amazon to 38. The last two of the 40 committed aircraft are currently undergoing conversion to freighter configuration and will enter into service with Atlas Air, to be operated on behalf of the e-commerce giant before Thanksgiving.

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