Page 38 - STAT November 2022 for Magzter

World
AIR CARGO

Maersk launches U.S.-Korea IAG Cargo Q3
revenue at
air freight service €373 million

anish container carrier introducing the first of three as our integrated in-house air
DA.P.Moller-Maersk (Maersk) newly built Boeing 767-300 cargo carrier. With the intro-
announced the inaugural freighters that have recently duction of this new service
flight of Maersk Air Cargo´s air been purchased by Maersk Air between the U.S. and Korea,
freight service with scheduled Cargo, says an official release. we have taken the next step
flights between Greenville- "All U.S.-Korea flights will be in securing logistics solutions
Spartanburg, South Carolina operated by Miami-headquar- for our customers with our AG Cargo, the cargo division
(GSP) and Incheon, Korea (ICN). tered cargo airline Amerijet own aircraft. Next to the new Iof International Airlines
The scheduled transpacific International." scheduled transpacific flights, Group (IAG), reported
operation will Michel Pozas Lucic, Global we also operate our own con- revenue of €373 million ($373
commence on October Head of Air & LCL, Maersk says, trolled capacity from Europe million) for Q32022 (July 1 to
31, 2022 with two "Back in April, we announced into the US, Mexico, South September 30, 2022).
weekly flights the launch of Maersk Air Cargo Africa, and Singapore." The Q3 results take IAG
Cargo's year-to-date revenue
to €1.2 billion ($1.2 billion), up
3.6 per cent in comparison
to YTD 2021, says an official
release.
IAG Cargo's product for
perishables, Constant Fresh,
saw volumes increase 114
percent in Q3 compared to
the same period last year.
Since the start of the year,
transactions from SME cus-
tomers have increased by 20
percent YoY.
"In Q3, the business
Singapore Airlines goes live with new continued to offer increased
Integrated Cargo Management System services across its network
with capacity between Lon-
don-Heathrow, Madrid and
ingapore Airlines (SIA) the U.S. more than doubling
Shas successfully gone live in the quarter (compared to
with its new Integrated Cargo Q32021)."
Management System (ICMS), Capacity, measured in
powered by IBS Software's iCargo available tonne kilometres
cargo management platform. (ATKs), increased 36 percent
The ICMS is a strategic initia- compared to Q32021. "The
tive to future-proof SIA's core extra lift out of the U.S. has
cargo platform by eliminating provided an important lifeline
disparate cargo systems and to US growers transporting
bringing in the latest cloud tech- their goods across the Atlan-
nology to transform cargo op- tic with a notable increase of
erations and customer delivery. a seamless interface with partners insights also allow SIA to make those goods landing in the
iCargo supports SIA in its cargo including general sales agents, real-time, data-driven decisions Middle East where flights
business processes. The ICMS ground handling agents, and across its sales, operations, and have doubled from IAG
provides a single integrated cargo freight forwarders, simplifying the finance processes, while ensur- Cargo's London Heathrow
application for business users in end-to-end operations. ing compliance with interna- hub since Q3 2021."
Singapore and overseas, as well as Enhanced data quality and tional regulations.
36 | NOVEMBER 2022 www.stattimes.com