Air Cargo Carriers News

Air cargo carriers news and analysis from the Journal of Commerce covers updates of air cargo carriers, pricing, air craft carrier capacity, rates, routings and technology.

The latest Air Cargo Carriers News News & Analysis

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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoTrans-PacificAir Cargo Carriers NewsAir Cargo Forwarder News

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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir 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 CargoContainer linesAir Cargo Carriers News

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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir Cargo Carriers NewsAir Cargo Forwarder 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 CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Regulatory support critical for aviation’s green energy transition: IATA

Greg Knowler, Senior Editor Europe |
The air and ocean shipping sectors have set out their decarbonization agendas, but policy help is urgently required to underpin investment in new fuel technology and production, a global trade group says.
Air CargoContainer Shipping NewsAir Cargo Carriers News

IATA upgrades global airline outlook as recovery gathers momentum

Greg Knowler, Senior Editor Europe |
The airline industry has performed better than expected so far this year, with the International Air Transport Association providing a surprisingly sunny financial outlook for an industry with a forecasted profit margin of just 1.2%.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Asian air cargo rates fall on rising capacity, cooling demand

Greg Knowler, Senior Editor Europe |
There are few signs of improvement in demand for air freight on major trade lanes out of Asia, while a steady increase in below-deck belly capacity is adding to the downward pressure on rate levels.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

DHL Express plans US physical expansion, including delayed new hub

William B. Cassidy, Senior Editor |
International air express carrier DHL is building out its US footprint to gain greater density and reach in its largest market, its CEO for the Americas says.
Supply chainTrucking NewsAir Cargo Carriers NewsIndustrial Real Estate News

European green fuel regulations place airlines on notice

Greg Knowler, Senior Editor Europe |
There are concerns that the latest requirement could force the price of sustainable aviation fuel higher, which would be felt in the pockets of airline passengers and cargo shippers.
Air CargoAsia-EuropeAirports NewsAir Cargo Carriers News

Maersk adds new China-US flights to growing air cargo network

Greg Knowler, Senior Europe Editor |
Maersk’s growing air cargo capacity is being used to plug gaps in connectivity in the carrier’s integrated end-to-end logistics offering.
Air CargoAirports NewsAir Cargo Carriers News

CMA CGM air cargo deal with Air France-KLM takes off

Greg Knowler, Senior Editor Europe |
The 10-year partnership between Air France-KLM and CMA CGM will dramatically expand the available air cargo capacity and global network of the France-based fleet.
Air CargoContainer linesAir Cargo Carriers NewsAir Cargo Forwarder News

Air cargo market weakens as capacity floods into service on major trades

Greg Knowler, Senior Editor Europe |
In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Freightos’ 2022 financials reveal losses amid improving operating margins

Eric Johnson, Senior Technology Editor |
Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point.
Logistics Technology NewsContainer Shipping NewsContainer linesForwardingAir CargoAir Cargo Carriers NewsAir Cargo Forwarder News

China recovery, pent-up demand signals air cargo growth this year: trade groups

Greg Knowler, Senior Editor Europe |
The post-pandemic recovery of China’s economy following the lifting of restrictions late last year is sparking increasingly optimistic expectations for the air cargo market in 2023 despite a challenging start to the year.
Air CargoTrans-PacificAsia-EuropeAir Cargo Carriers NewsAir Cargo Forwarder News

Acquisition spree continues despite downshift in container shipping bull run

Mark Szakonyi, Executive Editor |
The container shipping industry’s profit margins are easing, but the appetite for acquisitions — from air cargo units to last-mile delivery logistics — isn’t letting up, writes Journal of Commerce Executive Editor Mark Szakonyi.
Container Shipping NewsContainer linesMarine terminalsAir Cargo Carriers NewsSupply chainLast Mile News

Early Lunar New Year stalls Asian air cargo recovery

Greg Knowler, Senior Editor Europe |
The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Freightos goes public on NASDAQ in first measure of logistics tech value

Eric Johnson, Senior Technology Editor |
Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade.
Logistics Technology NewsContainer Shipping NewsForwardingAir CargoAir Cargo Carriers NewsAir Cargo Forwarder NewsSupply chain

Global air freight capacity oversupplied entering 2023

Greg Knowler, Senior Europe Editor |
Whereas a shortage of capacity in major trades was the chief issue for air cargo providers over the past two years, the greatest challenge in 2023 will be a lack of demand.
Air Cargo Carriers NewsAirports NewsAir Cargo Forwarder News

November air cargo slump extends peak season blues

Greg Knowler, Senior Editor Europe |
The weakness in Asia’s air freight export markets continued through the traditionally strong month of November, with little prospect of an end-of-year boost in demand.
Air CargoAir Cargo Carriers News

Landside logistics next step in decarbonization drive: Maersk

Greg Knowler, Senior Editor Europe |
The expanding platform provided by shippers seeking green transport has allowed Maersk to ramp up its ocean sustainability efforts, with greening landside logistics the next target.
Container linesTrans-PacificAir Cargo Carriers News

Annual air cargo contracts vanish as market weakens

Greg Knowler, Senior Europe Editor |
Growing uncertainty over demand levels and falling rates is making longer-term traditional air freight block space agreements unattractive.
Air Cargo Carriers News

MSC takes first step into air cargo market

Greg Knowler, Senior Europe Editor |
Cementing access to controlled air freight capacity is behind MSC’s move to join peers CMA CGM and Maersk in launching an air cargo division.
Air Cargo Carriers News

Air cargo recovery slowed by China lockdowns, Ukraine invasion

Greg Knowler, Senior Europe Editor |
China’s rolling COVID-19 lockdowns and significant disruption linked to Russia’s invasion of Ukraine have left the global air freight market to face a difficult second half of the year.
Air Cargo Carriers News

Trans-Atlantic air cargo market edges closer to recovery

Greg Knowler, Senior Europe Editor |
Air cargo capacity is flooding back into the trans-Atlantic market via below deck belly space as travel increases and airlines ramp up their summer schedules.
Air Cargo Forwarder NewsAirports NewsAir Cargo Carriers News

MSC, Lufthansa bid for ITA opens door to global air freight network

Greg Knowler, Senior Europe Editor |
If the offer by MSC and Lufthansa for ITA is successful, it will provide the ocean carrier with access to significant air freight capacity.
Air Cargo Carriers News

CMA CGM bolsters air cargo offering with Air France-KLM partnership

Greg Knowler, Senior Europe Editor |
In just 18 months, CMA CGM has gone from providing air cargo as part of its CEVA Logistics suite of services to becoming a major player in the global air freight market.
Air Cargo Carriers News

US importers take to the air to beat East Coast port congestion

Greg Knowler, Senior Europe Editor |
Shippers of time-sensitive goods on the North Europe-North America trade are increasingly being forced into the air as rising congestion on the US East Coast extends vessel delays.
Air Cargo Carriers News

Shanghai airport effectively closed as freight backlog builds amid COVID lockdown

Greg Knowler, Senior Europe Editor |
Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.
Air Cargo Forwarder NewsAirports NewsAir Cargo Carriers News

Air cargo rates take off on Russia sanctions, China lockdowns

Greg Knowler, Senior Europe Editor |
The ever-widening effects of Russia’s war on Ukraine and China’s COVID-19 lockdowns are placing mounting pressure on an already stressed air cargo sector.
Air Cargo Carriers NewsAirports NewsAir Cargo Forwarder News

Chartered air cargo capacity floods into trans-Pacific trade

Greg Knowler, Senior Europe Editor |
Growing demand for e-commerce is behind forwarder moves to lock in controlled air freight capacity on Asia-US routes, with a particular focus on Vietnam.
Air Cargo Forwarder NewsAirports NewsAir Cargo Carriers News

Cathay halts long-haul cargo flights after Hong Kong quarantine extension

Keith Wallis, Special Correspondent |
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
Air Cargo Carriers News

Hong Kong imposes mandatory quarantine on air cargo pilots

Keith Wallis, Special Correspondent |
Toughening Hong Kong’s quarantine requirement for air cargo pilots would severely disrupt airfreight operations during peak air cargo season and ahead of China’s Lunar New Year holiday.
Airports NewsAir Cargo Carriers NewsAir Cargo Forwarder News

Singapore Airlines links to CargoWise for e-bookings

Eric Johnson, Senior Technology Editor |
An electronic connection between CargoWise and Singapore Airlines is another sign that digital management of bookings and shipment modifications is gaining momentum in the air cargo market.
Logistics Technology NewsAir CargoAir Cargo Carriers News