The new Vienna-based Austrian Lufthansa Cargo subsidiary - a joint venture between Austrian Airlines (26%) and Lufthansa Cargo (74%), has commenced operations, with the new company now marketing all freight capacities of both airlines in Austria
The two companies' freight activities have been amalgamated in all other countries, under the management of Lufthansa Cargo
Along with the start of cooperation between Austrian Airlines and Lufthansa Cargo, the German cargo carrier has certified the station in Vienna as a security hub following a successful audit Security hubs are noted for exceeding standard security regulations, and are subject to regular inspection
Over the past few years, Lufthansa Cargo has certified the stations at Frankfurt, Munich, New York, Chicago and Shanghai as security hubs
Paperless freight is also moving forward in Austria The first eFreight shipment on a Lufthansa aircraft was transported from Vienna to Frankfurt and onward to Hong Kong in June, and earlier this month, the first paperless freight on an Austrian Airlines jet was transported from Vienna to New York Paperless freight is to be offered at all Austrian stations before the end of the year
Since July 1st, Austrian Lufthansa Cargo has been responsible for handling joint freight activities in the Austrian market and the expansion of Vienna Airport into a further hub in Lufthansa Cargo's network The local service offices in Graz, Salzburg and Linz will remain in place The new subsidiary will optimise freight traffic flows through the Frankfurt, Munich and Vienna hubs, and bundle the strengths of both partners in the freight business
Survey results show that 30% of hi-tech and electronics company supply chain executives feel that their contingency planning could be better.
The internet retailing revolution has brought enormous benefits to the global express and logistics sectors.
Aramex has announced its consolidated financial results for the 2011 full year.