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air cargo carriers news
Air Cargo Carriers News
Stay informed with air cargo carriers news. Journal of Commerce covers updates on air cargo carriers, air craft carrier capacity, rates routings and technology.
The latest
Air Cargo Carriers News
& Analysis
Limited air freight capacity available for US port strike-driven cargo shift
Greg Knowler, Senior Editor Europe |
Eight straight months of double-digit volume growth and a massive increase in trans-Pacific and Asia-Europe e-commerce volumes, mostly shipped from China by air, has left air cargo capacity in short supply.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Lure of robust Asian peak season a magnet for air cargo capacity
Greg Knowler, Senior Editor Europe |
Sustained demand for air cargo on the trans-Pacific and Asia-Europe trades and the promise of rising rates through the end-of-year peak are encouraging airlines to pull capacity from less-lucrative lanes.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Robust e-commerce demand a gift for air cargo carriers: airline executives
Greg Knowler, Senior Editor Europe |
Still, the buoyant mood of carriers contrasts with global forwarders that have low levels of exposure to e-commerce shipments and are under pressure to find capacity for traditional customers.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
‘Brace for impact’ warning as air cargo heads into historic peak season
Greg Knowler, Senior Editor Europe |
Eight straight months of double-digit volume growth in global air freight markets has kept freighters full and flying at peak utilization, and continued demand is expected to outstrip available capacity through Q4 and beyond.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Cathay’s A350 groundings to upset Hong Kong’s overheated air cargo market
Greg Knowler, Senior Editor Europe |
The extent of the disruption to air freight schedules is not yet apparent, but the loss of the belly cargo space, even for a short period, comes at a particularly inconvenient time.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
CMA CGM Air Cargo launches trans-Pacific flights from Hong Kong to Chicago
Keith Wallis, Special Correspondent |
The service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index.
Air Cargo
Air Cargo Carriers News
Air cargo shrugs off seasonality to ride wave of e-commerce demand
Greg Knowler, Senior Editor Europe |
Chinese online marketplaces have hit on a rich vein of business-to-customer volumes, with the current boom in international air freight driven by cross-border e-commerce rather than a recovery of traditional manufacturing.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Air cargo thrives on e-commerce, disruption-driven demand
Greg Knowler, Senior Editor Europe |
Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
No sign of slowdown in ongoing air cargo ‘peak season’
Greg Knowler, Senior Editor Europe |
Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets.
Air Cargo
Air Cargo Carriers News
Forwarding
Bullish fundamentals portend solid peak season for air, ocean markets
Greg Knowler, Senior Editor Europe |
More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.
Maritime
Air Cargo Forwarder News
Air Cargo Carriers News
Container lines
Forwarding
Milan-Hong Kong route joins growing MSC Air Cargo network
Greg Knowler, Senior Editor Europe |
The air freight division of ocean carrier MSC now has a fleet of five branded Boeing 777 freighters that the carrier has deployed across major routes.
Air Cargo
Air Cargo Carriers News
Container lines
High-flying air cargo market heading for ‘hot’ peak season
Greg Knowler, Senior Editor Europe |
Shippers that have not yet arranged air freight capacity out of Asia for the fourth quarter could be in for an expensive ride, according to Xeneta.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Crackdown on e-commerce may dampen booming global air freight: IATA
Greg Knowler, Senior Editor Europe |
Regulators in the US and Europe are placing online shopping marketplaces under increasing scrutiny as huge volumes of e-commerce packages, imported mainly from China, fill aircraft on trade lanes out of Asia.
Air Cargo
Air Cargo Carriers News
Huge volume highlights need for e-commerce special handling code: IATA
Greg Knowler, Senior Editor Europe |
With more than 80% of e-commerce transported as air cargo, there are growing safety and transparency issues given the minimal view provided of what is actually inside the parcels.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Kazakhstan Railways embarks on ‘Maersk style’ integrated logistics transformation
Greg Knowler, Senior Editor Europe |
The state-owned rail operator believes it can leverage soaring demand for China-Europe rail freight to develop a multimodal service offering underpinned by a strong air cargo network.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Biofuel an ‘unsustainable’ green option: climate activist
Greg Knowler, Senior Editor Europe |
The airline industry is pinning its hopes on sustainable aviation fuel providing a long-term path to net zero, but there will not be enough biofuel to go around, European climate campaigners Transport & Environment have found.
Air Cargo
Air Cargo Carriers News
Busy ‘slow season’ for air cargo as e-commerce holds up demand
Greg Knowler, Senior Editor Europe |
It is a good time to be in the freight transport business with air cargo and ocean shipping on the trade lanes out of Asia seeing sustained demand and robust rate levels.
Air Cargo
Air Cargo Carriers News
UPS volume improves, but consumers shifting toward lower-priced services
William B. Cassidy, Senior Editor |
US package shippers are shifting from air to ground and from premium-priced to deferred services, UPS says, boosting its SurePost volumes by 10%.
Supply chain
Air Cargo Carriers News
Last Mile News
Expected growth in air, ocean volume 'a silver lining’: Kuehne + Nagel
Greg Knowler, Senior Editor Europe |
Demand that began to build at the end of last year spilled into the first quarter and K+N says its forward bookings indicate the positive volume development will continue as the year progresses.
Supply chain
Container Shipping News
Air Cargo Carriers News
Forwarding
Supply-demand disruption continues to elevate South Asia air cargo rates
Greg Knowler, Senior Editor Europe |
Given the huge volumes involved in ocean freight, even a small percentage shift in transport mode from South Asia shippers is enough to keep air cargo demand and rates buoyant.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
CMA CGM Air Cargo enters key trans-Pacific market amid e-commerce boom
Greg Knowler, Senior Editor Europe |
With Asia-Europe services already served by 12 weekly flights out of Paris, the addition of an Asia-US network will fill a crucial gap in the airline’s global coverage.
Air Cargo
Air Cargo Carriers News
Trans-Pacific
Asian air cargo block space sold out for 2024 as e-commerce fills export capacity
Greg Knowler, Senior Editor Europe |
The air freight market is off to a strong start this year with volume out of Asia up 11% in the traditionally slow first quarter while rates rose steadily through March.
Air Cargo
Air Cargo Carriers News
Forwarding
LTL carrier FedEx Freight becomes more global under ‘Tricolor’ strategy
William B. Cassidy, Senior Editor |
The freight hauled by the largest LTL trucking company in the US will become more global under a reorganization of FedEx’s varied domestic and international networks.
Surface
Trucking News
Air Cargo Carriers News
LTL
Maersk launches online air freight tool targeted at Indian shippers
Eric Johnson, Senior Technology Editor |
Maersk’s integrator strategy has encompassed more access to air freight capacity, including a new tool for shippers in India to digitally price and book specific flights.
Logistics Technology News
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Container lines
Pre-Lunar New Year rush, Red Sea disruption boost Asia-Europe air rates, demand
Greg Knowler, Senior Editor Europe |
A seasonal push to get shipments out of Asia before factories close for the Lunar New Year may be masking a switch to air from disrupted ocean networks.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Lack of US market access kills CMA CGM-Air France-KLM air cargo deal
Greg Knowler, Senior Editor Europe |
The two French giants are in discussions to set up a new partnership, with each party operating its own independent air cargo network.
Air Cargo
Air Cargo Carriers News
Steady rise in passenger capacity undermining air freight rate growth
Greg Knowler, Senior Editor Europe |
Air freight volumes are not expected to show any significant growth until well into 2024, and some analysts question whether there will even be a peak season for exports from Asia at the end of the year.
Air Cargo
Air Cargo Carriers News
DHL, Teamsters agree on tentative pact, ending Cincinnati hub strike
William B. Cassidy, Senior Editor |
Workers loading and unloading planes at DHL Express’s Cincinnati-Kentucky hub will get higher wages and better benefits in a deal that ends a strike that threatened to disrupt the carrier’s US operations.
Air Cargo
Air Cargo Carriers News
Rise in trans-Pacific air freight rates tempered by weak underlying market
Greg Knowler, Senior Editor Europe |
Rates on the eastbound trans-Pacific are at levels not seen since September 2022, but indicators suggest the market strength will not extend too far into 2024.
Air Cargo
Air Cargo Carriers News
Trans-Pacific
Asian air freight stages US, Europe rate surge in November
Greg Knowler, Senior Editor Europe |
But rising air cargo rates on the major Asian export trade lanes do not portend a peak season this year with analysts pointing to poor economic conditions exerting strong downward pressure on consumers in the US and Europe.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs air cargo capacity
Greg Knowler, Senior Editor Europe |
A month ago, no one was predicting a peak season for air cargo on the trans-Pacific, but finding space from China to the US has become difficult as e-commerce demand heats up.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Trans-Pacific
Asian air export rates rose in Q3 as cargo demand stabilized
Greg Knowler, Senior Editor Europe |
Rising airline costs and increasing air cargo demand over the last three months have largely insulated rate levels against a steady and significant increase in available air freight capacity.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Air cargo facing non-existent demand growth for a ‘few quarters’: Xeneta
Greg Knowler, Senior Editor Europe |
A widening imbalance between available air freight capacity and demand has dragged global rates to their lowest level since the start of the pandemic, with no signs of volumes improving on key outbound routes from Asia.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Falling air cargo rates remain elevated despite supply-demand imbalance
Greg Knowler, Senior Editor Europe |
Spot rates have fallen significantly over the past year, but there is still some way to go before prices are back to 2019 levels.
Air Cargo
Air Cargo Carriers News
MSC adds Italian airline to expanding air cargo offering
Greg Knowler, Senior Editor Europe |
AlisCargo will join MSC’s air freight division in early 2024 as the ocean carrier steadily builds out its global air network.
Air Cargo
Air Cargo Carriers News
Container lines
Shippers in control as summer slump, surplus space cuts air cargo rates
Greg Knowler, Senior Editor Europe |
Air cargo capacity continues to grow through the summer, outpacing weak demand from major destination markets with no sign yet of any turnaround.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Long-term chartered air freight capacity depressing market: DSV
Greg Knowler, Senior Editor Europe |
Forwarders in 2021 signed long-term air cargo charters to meet rising demand for air freight resulting from an overheated ocean market, and some of those charter deals are still in place despite a widespread demand slowdown.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Maersk grows air freight services with opening of Atlanta hub
Teri Errico Griffis, Associate Editor |
The 123,000-square-foot warehouse will also serve as a forward staging area for the carrier’s South Carolina-based flight operations that link the southeast US to Germany, China and South Korea.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
'Nasty’ air cargo market puts forwarders under pressure: Xeneta
Greg Knowler, Senior Editor Europe |
Weak demand from key regions in an air freight industry awash with excess capacity is forcing forwarders with block space agreements to fend off aggressive pricing policies by rivals.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Maersk’s growing air freight coverage driven by in-house demand
Greg Knowler, Senior Editor Europe |
There is little demand to be seen in air cargo routes out of Asia, but the aggressive expansion of Maersk Air Cargo connections to the US and Europe points to strong interest from the carrier’s existing customers.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
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