Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has entered into a Proof-of-Concept agreement with SPEEDCARGO, a logistics technology solutions provider, to utilise the Singapore-based provider’s Artificial Intelligence (AI) products to boost cargo capacity on flights.
The agreement makes Etihad Cargo only the second aviation company worldwide to leverage the CARGO EYE dimensioning system, and among only a few global carriers to trial SPEEDCARGO’s AI-powered CARGO MIND software solution, which delivers optimal cargo space planning and utilisation in seconds in full adherence with regulations and business constraints.
“Etihad Cargo’s goal is to assess whether implementing CARGO EYE and CARGO MIND could ensure a complete end-to-end process which totally transforms airfreight operations,” explained Martin Drew, SVP sales and cargo at Etihad Aviation Group. “The Proof-of-Concept will confirm whether these advanced SPEEDCARGO products can boost efficiency, productivity and revenue returns through digital technology solutions, with the plan to integrate them into our operations in 2022.”
CARGO EYE, developed with Microsoft's cutting-edge Time-of-Flight sensing technology, captures imagery of incoming cargo and calculates accurate dimensions based on cargo type, size and packaging in real time, while seamlessly integrating the data into existing warehouse management systems. The solution also feeds data into CARGO MIND to accurately build load plans, monitor and promote data compliance, and identify damaged cargo to reduce potential claims.
“Etihad Cargo is the first airline to propose using SPEEDCARGO’s new CARGO MIND-Airline Product for early-stage flight planning and creation of final booking lists and first-level load plan within the airline ecosystem,” said Dr Suraj Nair, founder and chief technology officer, SPEEDCARGO. “By maximising cargo across flights and ULD container configurations according to internal loading rules, Etihad can boost capacity by more than 3 000 tonnes a year, equating to a significant increase in revenue yield,” explained Drew.
“Industry estimates suggest world air cargo traffic will more than double over the next 20 years, expanding to US $578 billion revenue tonne kilometres (RTK) by 2039; the industry has to be digitally ready to take advantage and secure increased market share,” said Drew.