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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".

 

 

www.coyneair.com

Heavy Lift | News

Charter rates remain steady  thumbnail image

Charter rates remain steady 

February 18 - Time charter rates in the multipurpose shipping sector have remained steady over the last month, according to shipbroker Toepfer Transport. 
Views: 316
Canaveral secures funding for multipurpose berth thumbnail image

Canaveral secures funding for multipurpose berth

February 18 - Canaveral Port Authority has been awarded a USD14.1 million grant from the US Department of Transportation (DOT) Port Infrastructure Development Program to modernise and expand North Cargo Berth 3 (NCB3).
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Zeamarine restructuring continues  thumbnail image

Zeamarine restructuring continues 

February 17 - Zeamarine has confirmed that its German booking and operating divisions – Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering – will operate under court supervision, in accordance with creditor protection conditions.
Views: 1583

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