Air Cargo Carriers News

The downturn in the global air cargo market accelerated sharply in August with traffic shrinking 3.8 p

The arrival late last month of a China Cargo Airlines freighter at Lambert-St. Louis International Airport was supposed to launch a service aimed at raising the city’s role in global trade.

Cargo traffic for Asia-Pacific airlines fell 5.8 percent in August as carriers pulled back freight capacity even as the industry’s peak shipping season neared.

Colombia’s Avianca will pay about $500 million for four A330-200 freighters, as the South American country’s flagship airline readies itself for the passage of a free trade pact with the U

Atlas Air handed Boeing and the aircraft manufacturer’s troubled 747-8 freighter program its second major setback in a week, canceling orders for three of the planes just days after

Damco Airfreight recently transported a 52-ton compressor from India to Berlin via an Antonov 124, the world's second-largest operating cargo aircraft.

Germany’s DHL Global Forwarding bought out its partner Lufthansa Cargo’s share in their U.S-based temperature-controlled logistics joint venture.

The International Air Transport Association cut its 2011 forecast for global air cargo revenue to $67 billion from a $72 billion estimate in June, due to stagnant volume and

Cargolux stunned Boeing and the air cargo industry this weekend when the airline announced it would not accept delivery of the first of two 747-8 freighters over what the carrier called “unresol

The Gartner research group lowered its forecast for semiconductor shipments in 2011, saying sales of the chips that are the bedrock of the technology industry will fall 0.1 percent this year.

Singapore Airlines added a weekly 747-400 freighter service between Singapore and Indonesia, as the carrier targets th

Panalpina will lease two 747-8 freighters from U.S.-based Atlas Air to meet increasing demand for capacity in the healthcare, high-tech, automotive, and oil and gas sectors.

Falling air freight rates are dampening demand for combined use of ocean and air transport to ship goods from Asia to Europe, says a GAC executive, as forwarders and shippers increasingly take the str

Japan Airlines international cargo volume dropped for the 14th successive month in July on a year-over-year basis, plummeting 56.5 percent to 20,411 tons.

Japan’s All Nippon Airways said this week that its international cargo volume rose for 23 months in a row into July on a year-over-year basis.

Frankfurt airport handled 6.8 percent less freight in August than a year ago in the latest sign of the slowdown in the global air cargo market.

Emirates SkyCargo began a weekly Far East-Australasia service using a new 777 freighter, as Emirates Ai

DHL Express will expand its fleet to 11 freighters with a multi-year agreement with Southern Air to operate three 777 all-cargo aircraft, allowing the German carrier to speed transit time on growing m

Mercury Air Group said its purchase of 50 percent stake in Trans Asia Charters for an undisclosed sum will allow the companies to grow their shares in the Asia-South America charter market.

Lufthansa Cargo carried 3.6 percent less freight in August than a year ago, confirming the downturn in the global market that cut traffic at its

Lufthansa Cargo Charter boosted its presence in North America by signing an agreement with Airline Network Services, a U.S.-based general sales agent, to cover the Canadian market.

FedEx is mulling buying up to 50 widebody freighters from Boeing and Airbus to update its aging fleet, according to a report by Bloomberg.

Air France-KLM’s cargo traffic fell 0.2 percent in August, as gains on Americas services were outweighed by lower volume on Asia-Pacific routes.

Air France-KLM is launching a new round of cost cuts, including a hiring freeze and deeper capacity reductions, as the European airline group moves to preserve profitability amid deteriorating conditi

Air cargo is losing market share to container shipping as high air rates and falling ocean freight rates widen the price gap between the two transport modes, said International Air Transportation Asso

Boeing on Sept. 19 will deliver to all-cargo carrier Cargolux the first of its 747-8 freighters, which the manufacturer believes will be the anchor for future international cargo transport.

The international air cargo market is stagnating, with traffic shrinking 0.4 percent in July from a year ago and capacity far outstripping demand, said the International Air Transport Association.

Freight tonnage at Los Angeles International declined for the fourth straight month in July, falling 7.3 percent in an accelerating slump in cargo business at North America’s largest Pacific air

U.S.

Freight traffic for Asia-Pacific airlines fell for the fourth straight month in July, a 4 percent decline that has air carriers viewing the rest of 2011 with growing pessimism.

Semiconductor sales in the first half of 2011 grew 3.7 percent from the same period a year ago, although sales dipped 1.5 percent between May and June, said Semiconductor Industry Association.

An improved market and extra capacity boosted Qantas Freight’s earnings before interest and taxes by 48 percent year-over-year to $62 million in the financial year ending June 30.

Cargo traffic at Memphis International Airport grew 2.1 percent in June from the same month a year ago, an uptick that provided signs of life in the U.S. air express market.

AirBridge Cargo Airlines launched a three-times-weekly 747-400 freighter service between Amsterdam and Maastricht airports in the Netherlands and Zhengzhou, in north-central China.

Lufthansa is warning that a planned ban on night time flights at Frankfurt airport would allow the Middle East to overtake Europe as a global cargo hub.

UPS named Jim Barber, a 26-year veteran of the company, as its new president of the European region, which also encompasses the Middle East and Africa.

Tonnage through Taiwan’s Taoyuan International Airport in the first half of the year fell 6.7 percent year-over-year to 817,433 metric tons.

Saudia Arabian Airlines agreed to pay $14 million to settle a class action lawsuit accusing the airline of conspiring with other carriers to raise freight rates between 2000 and 2006.

Apple shipped more mobile computers than any competitor in the second quarter, vaulting it over HP to the market lead, said research firm DisplaySearch.

Boeing reached a major milestone in its long-delayed program for its 747-8 freighter, winning certification in the United States and Europe for the next-generation aircraft the manufacturer believes w