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Carriers must embrace change, says Coyne

May 23 - Larry Coyne, ceo of Coyne Airways, told delegates at the 10th annual meeting of the Air Cargo Club (ACC) that carriers must embrace change in order to survive in a new airfreight landscape defined by emerging global brands, modal shift and growin

Cargo migrating to both surface transport and passenger planes has changed the economic of freighter operations, said Coyne at the ACC meeting in France. Passenger carriers are becoming bigger and more aggressive players in the long haul freight business, and ownership of large freighters is becoming an unattractive proposition, he added.

Coyne referred to a recent survey by Seabury revealing that an estimated 15.2 million tonnes of airfreight had been lost to surface transport between 2000 and 2013 - equal to 11,000 B777 freighter flights a year.

He also suggested that with legacy carriers lining up to co-brand, having a small number of world brands will make life difficult for independent carriers "unless they have a special niche they can protect".

Heavy Lift | News

Breakbulk Europe kicks off thumbnail image

Breakbulk Europe kicks off

May 21 - More than 550 exhibitors are preparing for the start of this year’s Breakbulk Europe exhibition, which kicks off later today in Bremen. 
Views: 134
Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 190
Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 258

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