TNT Express said its third-quarter operating profit will be “materially lower” than last year due to economic volatility in China, Brazil and Australia.
Europe’s ongoing refugee crisis was impacting the movement of cargo across the busy region, according to the International Air Cargo Association secretary general Doug Brittin.
Global air cargo remains stagnant with three-quarters of the year gone, but the Middle East and South Asia market has shrugged off the negative trend and posted solid increases in volumes.
Global air cargo traffic stabilized in August following two months of decline as strong growth in the Middle East offset lower volumes in North and South America, according to the International Air Transport Association.
A new all-cargo airline will enter greater China’s fast-growing express market next year after a mainland carrier, a Nasdaq-listed aircraft leasing company and an online retailer set up a joint venture to create United Star Express Airlines.
The U.S. arm of the global package express carrier is buying 45 electric cargo vans as part of a broader initiative to run more "clean" vehicles. Overall, corporate sustainability targets are powering interest in electrics.
TNT Express has launched a road service connecting Georgia to Moscow in a bid to cut up to 48 hours of transit time for shippers using the company’s European road transit service to reach the Russian capital.
The sustained growth in passenger numbers carried by Asia’s airlines is in stark contrast to air cargo traffic that remained weak through the month of August, according to the latest data from the Association of Asia Pacific Airlines.
The express parcels industry is coming under pressure “as never before” as e-retailing, technological disruption and macro-economic upheaval drive fundamental changes in the market, according to a leading logistics consultancy.
Finland’s ports and rail freight trains are at a standstill as workers participate in the biggest nationwide strike since 1993 to protest the government’s latest austerity measures.