ANA Holdings Inc. and Japan Airlines Corp. both increased their group net profits despite cargo weakness.
CMA CGM has introduced a new container to corner the live lobster market.
Japan’s air cargo trade with foreign countries will shrink for the second straight year in fiscal year 2016, which started on April 1, Nittsu Research Institute and Consulting Inc. predicted, citing sluggish exports and imports.
TNT Express narrowed its net loss in the first quarter to 14 million euros ($15.8 million) from 19 million euros a year ago as it prepares to be taken over by its larger U.S. rival FedEx.
Shanghai’s largest air cargo terminal has continued its solid volume growth of 2015 into the first quarter, handling record year-over-year throughput from January to March.
Diversification, an acquisition and a change in its dimensional weight factor in its expedited less-than-truckload business helped drive first-quarter revenue and profit higher at Forward Air.
There is mounting speculation that Amazon is interested in acquiring a stake in Frankfurt-Hahn Airport to establish a major European distribution hub.
Europe’s leading air cargo carriers are continuing to post lower traffic figures month after month while their smaller rivals are still boosting their market shares.
Global air cargo traffic shrank 5.6 percent in February, but the steepest monthly decline in three years was heavily skewed by the impact of disruption at U.S. West Coast ports in early 2015 that triggered a one-off spike in demand for air freight, the International Air Transportation Association said.
Three acquisition-hungry companies, XPO Logistics, Celadon Group and Daseke, were the fastest-growing businesses on a list of the 50 largest U.S. trucking companies in 2015.