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DSV, not K+N, the golden goose

Ahead of the T&L earnings season kick-off in the US today with intermodal and trucking bellwether JB Hunt, the sell-side analysts as usual put in some effort advising investors about 'how to position' their portfolios. Several top names high on the agenda, price targets have been cut or raised - more of the former in recent times, in fact, apart from Expeditors and Mærsk - while their recommendations have been broadly reiterated, waiting for the next event. Hopefully, one bringing a stronger-than-expected ...

Asia Airfreight Terminal signs further 15-year Hong Kong Airport deal

SATS-owned Asia Airfreight Terminal (AAT) has renewed its franchise agreement with Airport Authority Hong Kong (AAHK) to operate at Hong Kong International Airport (HKIA) for a further 15 years. The franchise renewal, covering 2028 -2043, comes as HKIA has been involved in some major developments supporting the long-term growth of Hong Kong's airfreight industry. These developments include the full commissioning of the three-runway system at HKIA and enhanced multimodal connectivity across the Greater Bay Area. In June, cargo handler Hactl also signed a 15-year extension of its handling franchise at HKIA. Mike Chew, chief executive at AAT, said: "We are honoured to continue our long-standing partnership with Airport Authority Hong Kong. "Building on nearly three decades of experience at HKIA, we will continue to invest in enhancing the infrastructure, technology, operational capabilities, including increasing our cargo handling capacity to 2 million tonnes, for long-term development of Hong Kong's air cargo industry." Operating on a franchise awarded by the Airport Authority Hong Kong since 1998, AAT offers airlines services from physical cargo handling to documentation processing. AAT's facilities include the COOLPORT facility that is certified with IATA CEIV Pharma, IATA CEIV Fresh, and WHO GDP Pharma accreditations.

Network Aviation appoints new Americas VP

Network Aviation Group has appointed Hendrik Falk as vice president of the Americas to succeed Paul Umpleby, who is retiring at the end of the year. Falk started in his new role in September and brings more than three decades of leadership experience covering Europe, Asia and the Americas. This experience comes alongside "an exceptional track record across major global cargo organisations", the company said. Falk has previously held senior roles at Lufthansa Cargo, Polar Air Cargo, World Airways, AirBridgeCargo, Swiss WorldCargo and Chapman Freeborn. Most recently, since 2023, he has operated his own Atlanta-based consultancy, Altovolo Air Cargo Services, supporting various global aviation-related projects. "With his comprehensive expertise across airlines, ACMI providers and charter brokerage, Hendrik's leadership will be a tremendous asset to Network Aviation Group as we continue to expand our business across the Americas. We extend a warm welcome to Hendrik and wish him every success in his new role," said Jonathan Clark, Network Aviation Group chief executive. The appointment of Falk comes shortly after the company's freighter business - Network Airline Management (NAM) - added its fifth aircraft as it looks to keep pace with strong customer demand. The additional Boeing 747-400 converted freighter joined NAM's fleet at the end of July and will operate out of the company's primary hub of Liege Airport. Meanwhile, its GSSA business - Network Airline Services - earlier this year opened an office in Nairobi.