TNT Express posted an operating loss and shrunken comparable revenue in the first quarter, warning that it faced tough times in the run-up to its planned acquisition by larger U.S. rival FedEx in 2016.
The bull run enjoyed by Asian air cargo since the last quarter of 2014 could not last forever, and after a robust first two months of the year, sharply slowing demand in March brought the business back to Earth with a bump.
Frankfurt airport handled 6.4 percent less freight in March than a year ago as strikes by Lufthansa pilots resulted in the cancellation of intercontinental flights.
Regulators must continue to work closely with all members of the air cargo supply chain to ensure impending advance data regulations enhance security without impeding cargo flows, according to a new position paper from The International Air Cargo Association (Tiaca).
China’s slowing exports put the brakes on runaway volumes at the world’s largest air cargo carrier in March as throughput on Cathay Pacific-Dragonair tumbled into the single digits after a robust start to the year.
Cathay Pacific today became the latest airline to suspend the carriage of lithium metal batteries in bulk on both passenger and freighter aircraft until improved packing and shipping requirements can be developed.
The "unprecedented" growth of e-commerce, coupled with rapid development of mobile technology, is changing the playbook for shippers and transport operators alike.
A sharp increase in first quarter imports helped Shanghai’s largest air freight terminal to yet another record and follows on from its best ever annual performance in 2014.
Russia’s AirBridgeCargo Airlines boosted freight tonnage by 20 percent in the first quarter as its rapidly expanding international network offset the impact of sanctions and an economic downturn in its domestic market.
After FedEx Corp. unveiled a $4.8 billion deal to acquire Dutch company TNT Express this week, the immediate focus was on how the merger would significantly boost the U.S.-based company’s footprint in the European express market.