The carriage of lithium batteries by air is continuing to tax the minds and patience of airlines, several of which have simply banned bulk shipments outright on all passenger planes and freighters until they are safer to carry.
Etihad Airways’ cargo revenue topped $1 billion for the first time in 2014 as freight traffic grew four times faster than the global market to reach an all-time high.
U.S. shippers’ expectations for freight growth has dropped to its lowest levels in nearly five years, according to a recent survey.
The positive air cargo indicators continued to line up through April with Asia’s airlines reporting a steady a rise in volumes, aided by the lingering effects of U.S.port congestion.
The air cargo industry is riding a tailwind right now. And while growth hasn’t been spectacular by any means, industry insiders say it’s been sustained and healthy — a vast improvement from where it was just a year ago.
Regulators in the U.S. and Europe are putting the final touches to new advance data rules with air cargo airlines and forwarders hopeful that industry concerns will have been addressed by the time mandatory filing becomes law in the U.S. later this year.
Alitalia’s announcement that it will not renew its partnership and joint venture accords with Air France-KLM paves the way for Etihad Airways, the carrier’s dominant 49 percent shareholder, to expand its European freight footprint.
The acquisition of Hazen Final Mile gives TransForce and same-day logistics subsidiary Dynamex a longer reach in e-commerce shipping markets.
Asia’s top airlines in aggregate operated at close to break even in 2014, compared to net earnings of $2.2 billion the previous year as fierce competition eroded profitability, according to data from the Association of Asia Pacific Airlines (AAPA).
Europe’s top air cargo hubs are feeling the impact of a slowing Chinese economy and a fragile recovery in the eurozone with traffic declining, stalling or growing at a snail’s pace in recent months.