Freighter operator Cargolux has launched a new twice-weekly air service between Chicago and Zhengzhou, China.
30 Apr 2015
Cargolux’s net profit was squeezed to $3 million in 2014 from $8.4 million in 2013 by a $40 million impairment on its 747-400 freighter fleet and a provision for potential anti-trust fines.
05 Jan 2015
Cargolux management and the Luxembourg labor unions continue to be locked in a stalemate, unable to reach a collective work agreement (CWA) despite the carrier’s belief that it is key to ensuring the airline’s survival.
15 Dec 2014
Cargolux continued its robust performance in November, flying a record volume of freight and bucking the downward trend in the European air cargo market.
09 Dec 2014
Vietnam’s increasing role in the final assembly of products was evident in the October trade figures that showed Chinese exports to Vietnam soaring 52.6 percent year-over-year to $61 billion.
01 Dec 2014
DB Schenker, the logistics unit of Germany’s state-owned railroad company Deutsche Bahn, is seeking $2.6 billion in damages from 13 airlines that operated a global air cargo cartel.