Air cargo volumes will grow 4.1 percent annually through 2018, according to recently released forecast from the International Air Transport Association.
London – Amsterdam and London have closed the gap with Europe’s top freight airports as pilot strikes at Lufthansa and Air France shrunk cargo traffic at their Frankfurt and Paris hubs.
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.