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First destination from new Istanbul airport to be Northern Cyprus
ISTANBUL: July 14, 2018. According to a report by ...

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Amerijet to adopt indexed fuel surcharge mechanism
MIAMI: July 12, 2018. Amerijet International Airli...

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Private equity firm Cinven to acquire Envirotainer
STOCKHOLM: July 12th, 2018. Envirotainer, a suppli...

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Harren & Partner reacquires offshore construction vessel
BREMEN, Germany: June 11, 2018. Bremen-based shipp...

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CMA CGM gets green light for Ceva investment
BAAR Switzerland: July 11, 2018. CMA CGM has obtai...

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Volumes jump at Brussels
BRUSSELS: June 11, 2018. Brussels Airport recorded...

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K+N adds Santiago to Pharma network
SANTIAGO: July 11, 2018. Kuehne + Nagel has expand...

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Skycell and DuPont form pharma alliance
ZURICH: July 12, 2018. SkyCell, the Swiss-based ma...

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BBC Chartering begins Gulf – Australia breakbulk service
LEER, Germany: July 10, 2018. BBC Chartering has l...

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First destination from new Istanbul airport to be...
Amerijet to adopt indexed fuel surcharge mechanism
Private equity firm Cinven to acquire Envirotainer
Harren & Partner reacquires offshore construction vessel
CMA CGM gets green light for Ceva investment...
Volumes jump at Brussels
K+N adds Santiago to Pharma network
Skycell and DuPont form pharma alliance
BBC Chartering begins Gulf – Australia breakbulk service...

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NEW YORK: December 18, 2015. A just-released air cargo survey by Accenture says only 25 percent of industry executives think they have the necessary software to optimize their business revenue.

Accenture taking offThe consulting company says that while air cargo managers want and need better tools to optimize revenues, 54 percent are actively seeking better pricing and reservations software "to improve real-time visibility into utilization and price integrity across the quote-to-cash cycle".

The survey found that 71 percent of air cargo executives would consider Software-as-a-Service (SaaS) to lower overall costs, improve business agility and speed deployment.

"For many air cargo carriers, limited visibility into capacity utilization can result in serious revenue leakage through a number of causes. These include unnecessarily shipping low-yielding freight on in-demand routes to under-utilized allocations and being unable to respond to shipment disruption," said Ganesh Vaideeswaran, managing director, Accenture Freight and Logistics Software.

The research determined that air cargo carriers are looking at three key areas in order to transform their businesses: More efficient business processes, price integrity, and better visibility.

Nearly 70 percent of respondents chose "achieving process efficiencies" as one of their top three business challenges while 39 percent cited process automation and improving software tools as twin priorities to manage their business more efficiently.

Only 14 percent of air cargo executives said their current pricing systems allow them to easily create and manage competitive rates and 61 percent said missing shipment information at time of booking remained a key challenge.

The Accenture research suggests that while executives have relatively high visibility into utilization at each key stage of the shipping lifecycle, only 54 percent have end-to-end visibility across every stage – from quoting and booking to acceptance.

The company said its study was "based on a quantitative, online survey" conducted between February and March 2015 among 85 air cargo executives from Europe, Middle East & Africa (70 percent), North America (21 percent), Asia Pacific (7.0 percent) and Latin America (1.0 percent).

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