Freight volumes have surged 23 percent in the first two months of 2017.
BCOs are looking to air freight as an alternative to shipping cargo from North Europe to Asia as ocean space remains tight.
Shippers spent more on dedicated trucking and last-mile deliveries last year, benefiting top tier carriers. Will industrial and consumer freight follow in 2017?
The first quarter for Hong Kong-based Cathay Pacific is looking good, at least from a cargo perspective, following strong air freight growth in January and February.
“Working together in a cartel ... does not fly with the Commission.”
Lufthansa Cargo sank into the red in 2016.
Fierce competition and overcapacity in 2016 led to Cathay Pacific recording its worst annual result in eight years.
The fines could total $850 million.
Air cargo needs to modernize and improve its service levels to meet customer expectations, according to IATA's chief executive.
UPS has not said whether it will seek damages following the ruling.