Virgin Atlantic Cargo reports best volumes since 2010

The airline also had revenues grow by 13 percent to its strongest performance in five years.

Virgin Atlantic Cargo reports best volumes since 2010

The airline also had revenues grow by 13 percent to its strongest performance in five years.

Virgin Atlantic Cargo reports best volumes since 2010

The airline also had revenues grow by 13 percent to its strongest performance in five years.

 

   Virgin Atlantic Cargo reported Wednesday its revenue grew 13 percent year-over-year in 2018 to 222 million pounds ($290 million), which was its strongest revenue performance in five years.
    The company also experienced a 6 percent annual growth in volume to more than 244,000 tonnes, its best result since 2010. Virgin Atlantic Cargo said it achieved new records for tonnage from the U.K. and U.S. as well as on direct services to Delhi and Los Angeles and had a 50 percent year-over-year increase in pharmaceuticals volume.
    “We achieved particularly strong growth from June onwards, resulting in the best Q4 performance in our 34-year history, with positive contributions from across our network and partnerships,” said Dominic Kennedy (pictured above), managing director, in a statement.
    Virgin Australia launched a daily Sydney-Hong Kong service in July and Virgin Atlantic introduced twice-daily Johannesburg services in October, the latter of which contributed to a 15 percent year-over-year increase in volumes on the route and a 22 percent growth to Heathrow-Johannesburg revenues, the company said.

   The airline in 2019 plans to expand capacity with the arrival of four Airbus A250-1000 aircraft and add a new route for cargo to Tel Aviv.
   

Current [U.S.] truckload supply now materially exceeds truckload demand, contract rates exceed spot rates, and conversations will likely be migrating towards ‘carrier of choice’ over the course of the year.

The ports of Los Angeles and Long Beach both reported the busiest Aprils in their ports history with Los Angeles handling 736,466 TEUs and Long Beach moving 628,121 TEUs.

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Los Angeles’ first-quarter volumes up 4.6 percent

Los Angeles’ first-quarter volumes up 4.6 percent

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Virgin Atlantic Cargo reports best volumes since 2010

The airline also had revenues grow by 13 percent to its strongest performance in five years.

Apr 11, 2019 on Dec 27, 2018AmericanShipper.com

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Virgin Atlantic Cargo reports best volumes since 2010

The airline also had revenues grow by 13 percent to its strongest performance in five years.

Apr 11, 2019 on Dec 27, 2018AmericanShipper.com