Air Cargo Carriers News

The outlook for air cargo is turning negative as carriers face headwinds in the form of trade upheaval and falling demand.

Gathering e-commerce momentum is revolutionizing global air cargo supply chains.

“I don’t know if the peak this year will look like last year, but we have about 20 freighters and take a lot of volume in our widebody fleet that we expanded quite a bit, so there are a lot more destinations,” Cathay Pacific CEO Rupert Hogg said. “But going into next year the future is unknown.”

Further, trans-Pacific shippers will welcome the additional capacity, especially this peak season, for several reasons.

Aligning capacity with fluctuating demand and sticker-shock pricing is always a tough dance in the air cargo spot market, and it is getting more difficult.

The scheduled Hong Kong-LAX freighter service to be launched by Flexport is aimed at locking in space on the busy route.

The recovering air cargo market is generating unprecedented growth at selected airports in Asia and Europe.

The space-choked China-US air freight routes may see rate levels reach incredible highs as demand overpowers supply ahead of Chinese New Year.

There will be little respite for shippers struggling to reserve air cargo space on the major trades until mid-February, with strong demand expected to continue until the Lunar New Year.

Freight rates for air cargo are rising steadily and space is at a premium with no slowing of demand.

Peak season demand is using up all available capacity and pushing up rates to unheard of levels.

These are the best of times for the global airline industry but look like the worst of times for UK carriers and airports as they sweat over Brexit.

The sales figures surrounding China's Single's Day are predictably large, but the online shopping promotion continues robust 2017 e-commerce demand that is driving up air cargo volume.

European airlines are bystanders in the long simmering “open skies” dispute between US and Gulf airlines that looks like it is about to shoot up to the top of President Trump’s “America First” agenda.

July’s performance was the third straight month of double-digit gains.

An early peak season is expected in the air cargo sector.

All regions posted growth.

Traffic measured in revenue cargo tonne kilometers rose 4.3 percent year-over-year.

The carrier said its multiple nightly truck operations boost capacity and route options for shippers.

The Franco-Dutch carrier transported 286,000 tonnes (315,261 tons).

First-half traffic grew 1.2 percent to 330,000 tonnes.

Air cargo growth for Asian carriers in June continued its robust growth on the back of solid international trade.

Nittsu Research Institute and Consulting Inc. has revised upward its fiscal year outlook for growth in Japan’s air cargo trade.

Europe’s fourth-largest air cargo hub handled 142,349 tonnes.

All regions except Latin America posted double-digit growth.

Cargolux said the joint venture contract signed in Beijing “is a major landmark.”

AirBridgeCargo Airlines continued to outpace its European rivals with traffic soaring 17 percent in the first quarter as it increased its freighter fleet and expanded its global network.

All regions, expect Latin America, reported higher traffic.

Cargolux Airlines and Emirates SkyCargo have signed a memorandum of understanding for an operational partnership in the latest tie-up between carriers in the challenging air transport market.

Traffic on the Europe-Asia Pacific routes surged 34 percent in the quarter driven partly by “sea freight restraints.”

Capacity was trimmed by 1.1 percent during the quarter.

The strong March performance resulted in first-quarter traffic growing nearly 11 percent year-over-year.

Traffic measured in revenue cargo tonne kilometers grew 6.3 percent.

Cargolux posted a sharply reduced profit and lower revenue in 2016.

Japan’s international air cargo trade will rise for the second successive year.

March was a good month for the Asian air cargo industry, with the recovering markets accelerating further on rising regional import-export activity.

The partnership was struck after more than a year of negotiations.

European airlines accounted for half of the increase in global air cargo traffic to a five-year high in 2016.

Freight volumes have surged 23 percent in the first two months of 2017.

BCOs are looking to air freight as an alternative to shipping cargo from North Europe to Asia as ocean space remains tight.