Air Cargo

UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.

Air cargo terminals in the Asian hubs of Shanghai and Hong Kong have reported another strong month, with the annual throughput shaping up to be the best in years.

Lufthansa Cargo said all its freighter flights will operate as scheduled as pilots began a 35-hour strike at midday that forced the parent airline to cancel 1,450 short- and medium-haul passenger flights.

The shift of freight from air to ocean is just a blip for container lines but has hit the air cargo industry hard, with few signs of relenting, a maritime consultant said Thursday.

Strong growth out of Hong Kong and China in September saw Cathay Pacific and Dragonair continuing to post double-digit growth as cargo and mail throughput rose 14.5 percent compared to the same month last year.

The air cargo market is improving based on evidence from a number of fronts — a situation that “we have not been able to talk about in years,” the investment firm BB&T said a report.

Lufthansa Cargo’s volume shrank 2.9 percent in September from a year ago, but the carrier cautiously anticipates a seasonal uptick in demand in the fourth quarter.

Royal Mail said it has set aside $29 million as part of a settlement with French competition authorities over a possible violation by one of its subsidiaries of antitrust laws.

China’s e-commerce market continues to generate incredible year-over-year growth and huge amounts of hype, but AirBridgeCargo’s executive president Denis Ilin brought the discussion down to Earth at an Air Cargo Forum panel in Seoul this week.

Air France-KLM’s freight traffic slumped 17.7 percent in September from a year ago largely due to a two-week-long strike by pilots at the carrier’s French unit that is expected to plunge Europe’s largest air cargo business deeper into the red.