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IAG Cargo reports strong Q3 as capacity rebounds across its global network

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Friday 5 November, 2021, Today, IAG Cargo reports strong Q3 revenues of €405 million for the period from July 1 to September 30 2021, as activity accelerates back to 2019 levels, with the business aided by growing capacity and the breadth of its network.

The Q3 2021 revenues represent an increase of 34.4 percent at constant currency versus the same period last year. Overall yield for Q3 was down 2.0 per cent at constant currency versus 2020. Sold tonnes were up 42.6 per cent. The results come on top of IAG Cargo’s half year revenue of €769m, delivering total revenue to date of €1,174 million in 2021; up 28.0 percent on the same time last year.

The quarter’s success has been achieved through a sustained resurgence in the volume of flights offered by IAG Cargo. Overall, IAG Cargo has seen a 24 per cent increase in capacity on the previous quarter and a 62.2 per cent increase compared to Q3 last year. The increased activity reflects growing levels of global trade, as many economies experience recovery following the COVID-19 pandemic. New routes during the quarter included Nairobi, Istanbul, Male, Chennai, Vienna, Denver and Phoenix whilst many other lanes saw increased frequencies.

During the quarter, IAG Cargo’s ability to provide a fast, efficient and global service, connecting East to West, has been in high demand. IAG Cargo’s hubs in Heathrow, Madrid and Dublin have been pivotal, with a significant increase in interline activity.  IAG Cargo also increasingly saw conversions from sea freight as shippers turned to air freight to minimise the impact of the well-publicised supply chain disruption. 

Commenting on the quarter, IAG Cargo Managing Director David Shepherd said: “This quarter we have seen momentum build as IAG Cargo, and the global economy, begins to take increasingly confident steps towards a more buoyant future, as recovery from the COVID-19 pandemic continues to gain ground. The team’s resilience and commitment to put our customers first continues, and we are excited to enter into a new and ambitious phase of activity.”  

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FedEx Express Supports the Growth of East and Central Africa Businesses with the Launch of its First Regular Flight into Kenya

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Nairobi, Kenya, May 16, 2022 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is enhancing its services to and from Africa with the expansion of the flight currently serving South Africa through Johannesburg, with the introduction of the first regularly scheduled service to Nairobi, Kenya.

The weekly scheduled flight travels from Memphis (United States) to Dubai (United Arab Emirates), onto Johannesburg (South Africa) and Nairobi (Kenya), before connecting into the FedEx Express Middle East, Indian Subcontinent and Africa air hub in Dubai (United Arab Emirates), onto Milan (Italy), and then Memphis (United States).

“We see enormous potential in the African continent, and we are delighted to help unlock growth opportunities for East and Central Africa businesses, boosting opportunities for trade and business expansion,” says Taarek Hinedi, vice president of FedEx Express Middle East and Africa Operations.

Kenya is the world’s leading exporter of black tea and cut flowers, and with perishable and agricultural exports accounting for more than US$ 1.8 billion in trade in 2021[1]. Kenya’s economy relies on access to a fast and well-established network which quickly delivers sensitive products and goods from Kenya’s producers to customers around the world.

With the global FedEx network connecting 99% of the world’s GDP, the addition of Kenya to the FedEx flight provides greater connectivity from businesses across Eastern Africa to and from the key trade lanes across Europe, the Middle East, Asia, and the United States. This connectivity offers significant advantages for companies across Africa, especially Small and Medium-sized businesses, with access into major global markets via the FedEx Express hub in Dubai.

“This expansion of our regularly scheduled FedEx Express all-cargo flight underscores our confidence in the African economies. Africa is an important market for us, with its young population and rapid adoption of new technologies, the continent is well positioned to make a significant impact on global trade. As of January 2022, there are 23.35 million internet users in Kenya and 81.6% of these users aged 16 to 64 visit social networks to look for information about brands and products. This means that e-commerce has the potential to create employment opportunities in Kenya and will become a major part of business growth throughout Africa[2].

Selecting Nairobi for the flight demonstrates the potential and importance of East Africa to FedEx Express, and the opportunity for businesses across Eastern Africa to use Kenya as a gateway to the global FedEx network,” continued Hinedi.

Through this flight, FedEx will connect our customers to new growth opportunities, offer enhanced solutions to meet evolving customer demands, and provide opportunities for African businesses to reach their customers around the world.

  1. https://tradingeconomics.com/kenya/exports-by-category
  2. https://datareportal.com/reports/digital-2022-kenya

 

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InfoSource 2021: Kyocera SA dominates market with No1 overall position, which has been maintained for three years

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The results of the 2021 InfoSource annual research are out, with the positive news that Kyocera Document Solutions South Africa has retained its position as number one in mono A4 since 2018 and in colour since 2019. Importantly, Kyocera’s position as a leading supplier of printing and document management solutions has been confirmed yet again by an overall number one position, which has been held since 2019.

A closer look at the highlights of this year’s results from the market data specialist again puts Kyocera in prime position in the Overall MFP Market, where the company achieved 1st place with a 19,47% market share (6422 more devices sold than 2020).

Results were also positive in the A4 mono MFP Market, where Kyocera continues to dominate the segment with a healthy 26,67% market share.

In the A4 Colour MFP Market, Kyocera again achieved first place, a position it has held since 2018. The high growth in this segment is a result of burgeoning sales of the robust colour A4 range which is poised to further increase market share for Kyocera in this segment.

The document solutions company also performed relatively well in the A3 Mono MFP Market where it placed second and, importantly, grew its market share. And, although it got off to a rocky start in 2021, placing eighth in the A3 Colour MFP Market at the halfway mark, it managed to claw its way up to fourth place by year end. The company also saw a slight overall increase in the Single Function overall market where it finished fourth.

Having weathered the challenges of 2020 and 2021, Kyocera looks set to dominate in 2022 with new product offerings including devices relevant to hybrid working environments and solutions which help customers either start or propel their digitisation process.

“Infosource predicts a slow down in office print from 2022 – 2025, with declines in both A4 and A3 markets. They however also predict an increase in the home user segment.  The good news is that Kyocera understands the reality of hybrid working environments and will be releasing relevant devices that cater to this growing need in the coming months,” says Werner Engelbrecht, General Manager at Kyocera Document Solutions South Africa.
“To further entrench Kyocera as the partner of choice, we will also be releasing solutions that form part of a digital ecosystem that addresses our customers’ digitisation needs,” he concludes.

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Rhenus in South Africa welcomes YES Programme Interns

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Rhenus South Africa will give 15 young people the opportunity to set a foot on the employment ladder in 2022, as part of their ongoing involvement with the Youth Employment Service (YES) Programme.

Youth unemployment is a South African scourge that has been escalating over the past decade. Today, 52 percent of individuals between the ages of 18 and 35 do not have meaningful work. With this in mind, the YES Programme was launched as a joint initiative by the South African government and private sector in 2018, to inspire youth employment and job creation.

The project assists young people with workplace experience through employment placement that includes mentoring and regular assessments to track progress. On completion, candidates receive a Curriculum Vitae and reference letter.

According to Rhenus South Africa’s Managing Director Dirk Goedhart, 15 interns will be employed for a year. “Youth are the most vulnerable in an economy where skills are required. This Programme is a unique opportunity to get hands-on experience in the logistics sector. It is designed to enable participants to develop the necessary skills to launch their careers.”

Candidates are identified from around the country and employed, following a stringent interviewing process. Participants are exposed to Rhenus during a short induction course, after which they are placed within the company in various departments.

According to Goedhart, Rhenus aims to implement the YES initiative on an annual basis. “YES is a comprehensive programme that Rhenus is proud to be associated with,” says Goedhart. “It affords young people the opportunity to change the course of their lives by delivering deep, systemic, and sustainable change, whilst addressing the major challenge of unemployment.”

Rhenus South Africa has actively embraced skills development over the years. In 2019 and 2020, 33 young people concluded Logistics Learnerships with the company.

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