Air Cargo Carriers News

A big gain in domestic package business along with tight cost controls drove UPS to its strongest profit in four years in 2010, a $3.49 billion net profit that was 62.1 percent better than the year be

Freighter operator Southern Air named Robert L.

Korean Air, the world’s largest international freight airline, said Thursday its cargo revenue grew 1.9 percent in 2010 to $863 million, and it will meet the improving market with increased capacity i

Cargolux said Wednesday it will appeal the European Union’s $109 million fine for participating in an international price fixing cartel, making the all-cargo carrier the second airline to formal

Atlas Air Worldwide Holdings will add two 747-400 freighters to its agreement with DHL Express, sharply raising capacity on trans-Pacific routes.

The Transportation Security Administration wants to complete a network of international agree

Cargoitalia, the Italian all-cargo airline, will launch an MD-11 freighter service between Milan and Atlanta on Feb. 2.

Apparel was at the forefront of the low-cost, outsourced manufacturing revolution, and the business of making shirts in South Asia and sweaters in Central America only got cheaper in recent decades, h

It would be hard for the global air cargo business to grow any faster in 2011 than it did last year.

Global air cargo growth slowed sharply in November to the lowest level of the year, but volume still matched the pre-recession levels of early 2008, International Air Transport Association said.<

Shippers in the Northeast were hit by service delays, but ocean, truck and air cargo operators said operations were returning to normal after a blizzard Sunday brought the region nearly to a

Two bills that could have had significant consequences for the supply chain died quietly as the 111th Congress adjourned Wednesday.

Some of the world's fastest growing airlines face significantly higher costs for new planes after the U.S., the European Union, Japan and seven other countries agreed to toughen rules for government s

Japan's All Nippon Airways and Hawaiian Airlines will launch a cargo code-sharing service between Tokyo and Honolulu on Dec.22.

FedEx Chairman Frederick Smith, in his most upbeat assessment yet of the global economic recovery, says he expects another round of inventory restocking to drive renewed shipping demand early in 2011.

Singapore Airlines Cargo signed an agreement Monday to acquire a stake in Shanghai-based freighter operator China Cargo Airlines, dramatically stepping up the airline’s investment in China.

AirBridgeCargo Airlines, Russia's largest scheduled cargo carrier, added a 747-400 freighter to its fleet to keep pace with "record-breaking growth."

FedEx reported its net profit fell 18 percent in the quarter ending Nov. 30 to $283 million as rising costs and stagnant U.S.

Japan's All Nippon Airways increased its international cargo volume 31.4 percent year over year to 43,162 tons in October, the 14th consecutive month of growth.

Lufthansa boosted freight traffic in November 18.2 percent from a year ago, triple the growth of its closest European air cargo rival Air France-KLM.

United Parcel Service is targeting small and medium-sized European acquisitions rather than big ticket deals, the U.S. parcel delivery firm's chief financial officer said.

DHL launched two direct routes from Paris and Frankfurt to its U.S. hub in Cincinnati in a major expansion of its trans-Atlantic express services.

Lufthansa Cargo plans to serve Manaus, Brazil, starting Jan. 21, 2011, pending regulatory approval.

TNT said Thursday it plans to sell its air express business, completing the breakup of one of the world&rsquo;s largest transportation companies in a move that could shake up the competition in the ve

South Korea ordered two Japanese air carriers to pay a total of about $4.8 million in fines for violating South Korea's anti-trust law in their international cargo operations.

Singapore Airlines Cargo agreed to plead guilty to a charge of fixing air cargo rates on shipments to and from the U.S. between 2002 and 2006, the U.S. Department of Justice said Nov. 30.

Lufthansa Cargo said it needs six more freighters with the capacity of an MD-11 by 2015 to keep pace with rising global cargo demand.

In the increasingly contentious world of airline security, one thing on which everyone agrees is that the mandatory deadlines air carriers must meet in filing air cargo manifests isn&rsquo;t working.

Global air freight increased 14.4 percent in October from a year ago and got a peak season shipping boost with the first month-on-month increase since May, the International Air Transport Association

In a manag;ement change at the top of one of Europe&rsquo;s largest airlines, Lufthansa German Airlines&rsquo; board elected Lufthansa Cargo chief Carsten Spohr chief executive of the overall airline

India&rsquo;s Union Ministry of Environment gave the state authority final clearance to build the long-awaited Navi Mumbai airport project, about 20 kilometers from the city.

UPS agreed to sell its UPS Logistics Technologies unit to private equity firm Thoma Bravo.

Full screening of all packages on all-cargo aircraft as proposed in Congress would be impractical and highly difficult to implement, Homeland Security Secretary Janet Napolitano said in an interview w

Rep. Edward Markey, D-Mass., introduced legislation Tuesday that would require 100 percent screening of cargo aboard all-cargo aircraft.

Ulrich Ogiermann, facing charges that he took part in a global air cargo price-fixing conspiracy, stepped down Thursday as president and chief executive of freight airline Cargolux and was replaced by

The bomb discovered on a UPS plane at a UK airport last month was timed to detonate over the easter

Cargolux, the Luxembourg-based all-cargo airline Nov. 9 said the European Union fined the carrier $112 million for participating in an illegal air cargo cartel.

Deutsche Post DHL swung to profit in the third quarter after a year earlier loss. The change was driven by surging ocean and air cargo volumes and “extraordinarily high” freight rates.

DHL Express is ready to grow again after a radical restructuring prompted by its exit from the U.S. domestic market, the head of the Deutsche Post subsidiary said.

A pound of pentaerythritol tetranitrate &mdash; PETN &mdash; isn&rsquo;t enough to bring down a target the size of the World Trade Center, but it&rsquo;s plenty to blow a plane out of the sky.