Air Cargo

Nippon Express Co., Japan’s largest international freight forwarder, saw its net profit rise at a double-digit pace in the first nine months of the fiscal year ending in March despite paltry revenue growth.

The International Air Cargo Association (Tiaca) has urged the U.S. Transportation Security Administration to clarify recent updates to air freight carried on passenger planes and freighters from several Middle Eastern countries.

Another multimillion-dollar settlement was reached in the long-running antitrust class action lawsuit in the U.S. that has involved most of the world’s major carriers, with Air China agreeing to pay $50 million.

Hong Kong’s largest air cargo terminal has teamed up with a Pearl River Delta ocean shipping and logistics heavyweight to increase its regional reach and drive up air freight business through the airport.

Shippers using C.H. Robinson Worldwide to move truckload freight saw pricing drop 3 percent on average in the fourth quarter. The logistics operator's volume, net revenue and profit, on the other hand, all rose.

Global air cargo traffic increased 2.2 percent year-over-year in 2015, less than half the 5 percent rise in 2014, due mainly to sluggish trade growth in Europe and Asia-Pacific, according to the International Air Transport Association.

ANA Holdings Inc. and Japan Airlines Corp. both saw their group net profits soar in the first nine months of the fiscal year ending March 31 on a year-over-year basis, despite lower cargo revenues.

Manchester Airports Group posted a 4.3 percent year-over-year increase in 2015 cargo traffic at its four U.K. airports, driven by new freighter services and growing express deliveries.

Cargolux bucked the downward trend in Europe’s air cargo market, boosting traffic by 7.4 percent in 2015 and unveiling plans to increase its freighter fleet.

Lackluster global trade will do air and ocean carriers out of Asia no favors this year as both sectors struggle to balance excess capacity with declining demand.