The global courier and delivery services industry’s revenue is expected to rise 3.5 percent in 2013, according to an industry market research report from IBISWorld.
Air Cargo
Air cargo handles much of the high-value goods that don’t move by ocean vessel in international trade. Its focus on express cargo allows freight companies to depend on reliable delivery and speed to market, although at a premium prices. Many of those shipments are arranged by air freight forwarders who consolidate various goods to make up a shipment lot.
Press Releases
19 Jun 2013
IAG Cargo will offer additional freight capacity between London and Rio de Janeiro.
19 Jun 2013
FedEx Trade Networks has opened a new distribution facility in Romulus, Mich.
18 Jun 2013
FedEx Ground Shipping Service will move its Jacksonville, Fla., distribution hub to a new facility it is planning to build at the Cecil Commerce Center, Jacksonville Business Journal reports.
17 Jun 2013
Cathay Pacific Airways reported that Cathay Pacific and Dragonair combined carried 121,529 metric tons of cargo and mail in May, down 1.5 percent compared with May 2012.
14 Jun 2013
Cargolux Airlines International has plans to double the frequency of its cargo flights from Hong Kong to Rickenbacker International Airport in Columbus, Ohio, The Columbus Dispatch reports.
12 Jun 2013
Air cargo handled by Hong Kong Air Cargo Terminals Ltd. showed a slight year-over-year decrease in May 2013, resulting from a 1 percent drop in imports.
12 Jun 2013
The air cargo downturn suffered by Asia’s carriers in 2012 has continued this year.
11 Jun 2013
Total air freight traffic worldwide in April increased 1 percent year-over-year, although growth continued to be mixed across airports because about half of the world’s Top 20 air freight hubs registered declines for the month.
11 Jun 2013
AMR Corp., the parent company of American Airlines and US Airways Group, has named the 12 members of the board of directors of the combined company, American Airlines Group, as well as the senior leadership team.
11 Jun 2013
Companies in the news
Jun 5, 2013 2:00PM EDT
Commentary
Air Freight’s Hard Landing