The increase will be the second consecutive year of growth.
Japan’s largest freight forwarder managed to increase profit despite weak and falling revenue.
The global air cargo market grew to a five-year high in 2016 but is facing threats.
Central American producers to expand their markets by extending the shelf lives of perishable shipments.
Europe’s cargo airports are outperforming its ocean container ports.
Cathay Pacific has relocated its cargo-handling operations in Frankfurt to Lufthansa Cargo’s terminal at Europe’s biggest air freight hub.
The peak season fourth quarter saw a sharp increase in air cargo volumes that improved the full-year performance of Hong Kong and Shanghai terminals.
The modal shift to air cargo following the collapse of South Korean container line Hanjin Shipping may have contributed to the increased demand.
It has been a long time since the air cargo industry had a peak season to remember for the right reasons, but a solid end to 2016 has done the trick.