Blue Dart Express, India’s leading air express and logistics service provider, reported a 19 percent rise in net income to Rs. 27.13 crore (US $4.4 million) for its third quarter, which ended Dec. 31.
Shrugging off the economic downturn in its home market, Russia’s AirBridgeCargo Airlines boosted traffic 17.6 percent in 2014, its 10th anniversary, even as leading Western airlines continued to downsize their freighter operations.
Japan Airlines reported a 3.1 percent year-over-year drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue.
ANA Holdings’ international cargo revenue surged 20.9 percent year-over-year in the first three quarters of fiscal 2014, helping the largest Japanese airline group post a jump in profit for the April-December period
Apple has released its smartphone data for the fourth quarter of 2014, and while soaring sales of the iPhone 6 doubled its market share in China, the numbers also illustrate the close correlation between the air cargo industry and the constantly evolving mobile phone business.
Greece’s new radical left wing government is set to freeze the planned sale of the state’s stakes in Athens airport, the port of Thessaloniki and rail companies as it seeks to tear up some of the conditions of its 240 billion euro ($271 billion) bailout agreement.
Jan de Rijk Logistics will provider "road feeder service" for IAG Cargo in Spain, handling the air freight company's Iberian traffic.
Cathay Pacific’s new air cargo terminal in Hong Kong handled 1.45 million tons during 2014 in its first full year of operation.
The sharply divergent fortunes of the air and ocean cargo sectors in Hong Kong are illustrated in a chart from CBRE Research on container and air freight throughput during 2014.
HONG KONG — Air freight on the Asia-North America trade is riding a tailwind that filled freighters and bellies in the la