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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
Freight Index Falls to Seven-Year Low
Thomas L. Gallagher |
A key government measure of U.S. freight shipping fell to its lowest level in seven years in April, the government reported.
Transport, Trade and Regulation News
Air Cargo Forwarder News
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LTL
North-American rail
Lufthansa Cargo Pulls Out of Nosedive
Bruce Barnard |
Lufthansa reported the six month long plunge in cargo traffic leveled out in May, mirroring the experience of its close European rivals Air France-KLM and British Airways.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Qantas Contracts With ATSG for Freighter
Thomas L. Gallagher |
Qantas will launch an Australia-New Zealand air cargo service this month with a 767 freighter operation leased from U.S.-based Air Transport Services Group, the airline announced Tuesday.
Air Cargo
Air Cargo Carriers News
Air France-KLM Cargo Stabilized
Bruce Barnard |
Air France-KLM, Europe's biggest cargo airline, said its freight traffic stabilized in May after steep declines over the past six months.
Air Cargo
Air Cargo Carriers News
UPS, Pilots Reach Pact to Avert Furloughs
John Gallagher |
UPS and the Independent Pilots Association averted an immediate furlough of 300 UPS pilots through voluntary cost-cutting programs identified by the IPA that could save $131 million over the next thre
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Japanese Air Cargo Decline Slows
Hisane Masaki |
Japan's two largest airlines saw their international cargo volume fall in April on a year-on-year basis amid the deep global economic slump, according to their monthly reports.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
SIA Cargo Loses $169 Million
JOC Staff |
Singapore Airlines’ cargo division lost $168.7 million in its 2009 fiscal year as freight demand plummeted in the three months ending March 31.
Air Cargo
Air Cargo Carriers News
FedEx Taking $1.2 Billion in Charges
JOC Staff |
FedEx will take some $1.2 billion in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses, the company announced
Air Cargo
Trucking News
Air Cargo Forwarder News
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LTL
ATSG Completes DHL Lease Agreement
Thomas L. Gallagher |
Air Transport Services Group’s subsidiary ABX Air completed a lease agreement with its principal customer, DHL.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Lufthansa Cargo Shifts Asian Hub
Thomas L. Gallagher |
Lufthansa Cargo will shift its technical stopover point for Asian flights.
Air Cargo
Air Cargo Carriers News
Global Air Freight Falls 21.7 Percent
JOC Staff |
International air freight fell 21.7 percent in April as the pace of decline in expedited shipping accelerated around the world.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Cargoitalia Receives First MD-11
Thomas L. Gallagher |
Cargoitalia this week took delivery of the first of three MD11SF freighters. The Italian all-cargo airline is preparing to re-launch under the new ownership of ALIS.
Air Cargo
Air Cargo Carriers News
Emirates Profit Dives 72 Percent
Thomas L. Gallagher |
Emirates airline’s parent company said its profit slid 72 percent in the year ending March 31 as the global downturn hit even the financially strong Middle East carrier.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Air France-KLM Cargo Loses $284 Million
Bruce Barnard |
Air France-KLM, Europe’s biggest airline by revenue, reported its cargo business plunged to a $284 million loss in fiscal 2008/2009 from a $53.4 million profit in the previous year amid slumping
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Jet Fuel Consumption Slides
Thomas L. Gallagher |
The recession is pulling planes out of the air and airlines are consequently using far less jet fuel.
Air Cargo
Air Cargo Carriers News
AeroLogic Takes Delivery of First Freighter
Bruce Barnard |
AeroLogic, the new cargo airline jointly owned by Lufthansa Cargo and DHL Express, has taken delivery of its first Boeing 777 freighter.
Air Cargo
Air Cargo Carriers News
Nippon Cargo Resumes NY Flights
Hisane Masaki |
Japan's Nippon Cargo Airlines, a subsidiary of Nippon Yusen Kabushiki Kaisha, resumed flights between Tokyo and New York for the first time in nearly 10 months.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Japanese Airline Cargo Nosedives in March
Hisane Masaki |
Japan's two largest airlines saw their international cargo volumes nosedive in March amid the deep global economic downturn, according to their monthly reports.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Cargo Airline’s Profit Nearly Triples
JOC Staff |
Freight airline Air Transport Services Group shrugged off the large loss of revenue from downsizing DHL business to nearly triple its net profit to $11.1 million in the first quarter.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Fraport Profit Dives 27 Percent
Bruce Barnard |
Frankfurt airport owner Fraport AG reported net profit dived 27 percent in the first quarter from a year ago as freight traffic slumped at Europe's biggest air cargo hub.
Air Cargo
Air Cargo Carriers News
National Launches Afghanistan Flights
Marcy Frank |
Forwarder National Air Cargo is using its airline subsidiary to launch direct flights with construction materials from the United States to Afghanistan to supply the U.S. military.
Air Cargo
Air Cargo Carriers News
Deutsche Post DHL Profit Plunged 95 Percent
Bruce Barnard |
Germany's Deutsche Post DHL reported first quarter operating profit crashed 95 percent from a year ago mainly due to the cost of shuttering its U.S. domestic express delivery service.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Forwarding
Atlas Air Profit Surges
Thomas L. Gallagher |
Aircraft leasing company Atlas Air Worldwide Holdings earned a record profit of $23.4 million in the first quarter after deconsolidating subsidiary Polar Air Cargo Worldwide for reporting purposes.
Air Cargo
Air Cargo Carriers News
MAC Cargo Handling Launches Operations
Thomas L. Gallagher |
MAC Cargo Handling launched operations May 4.
Air Cargo
Air Cargo Carriers News
Lufthansa Loses $58 Million
JOC Staff |
Lufthansa lost $58.2 million in a first quarter that saw overall revenue dive more than 10 percent from last year and cargo traffic fall 21.3 percent, the German airline announced Thursday.
Air Cargo
Air Cargo Carriers News
Martinair Exec Agrees to Jail Time
John D. Boyd |
A Dutch airline executive for Martinair Holland will plead guilty, serve jail time and pay a fine in connection with a price-fixing conspiracy for international air cargo shipments, the U.S.
Air Cargo
Air Cargo Carriers News
Fuel Hedging Cuts LAN Profit
Thomas L. Gallagher |
But for a loss of $57.9 million on fuel hedging, LAN Airlines would have pulled in operating income of $176 million, an 18.9 percent improvement over last year in the first quarter.
Air Cargo
Air Cargo Carriers News
Air Freight Falls 21.4 Percent
JOC Staff |
International air freight traffic fell 21.4 percent in March, a slight improvement from previous months but still the fourth month in a row the industry has fallen back by more than 20 percent.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Asia Air Freight Falls 21.6 Percent
JOC Staff |
Freight traffic for Asian airlines fell 21.6 percent in March from the same month a year ago but the carriers also saw signs in their busiest month so far in 2009 that the steep decline in cargo deman
Air Cargo
Air Cargo Carriers News
Delta to Ground 14 Freighters
JOC Staff |
Delta Air Lines will ground its entire fleet of 14 747 freighters as it addresses big losses and a steep decline in cargo business, the airline said Tuesday.
Air Cargo
Air Cargo Carriers News
Share Sale Boosts Deutsche Post Net
Bruce Barnard |
Germany's Deutsche Post DHL, Europe's biggest mail and transport company, tentatively suggested the downturn in the global logistics market may have bottomed out.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Flower Facility Opens at LAX
JOC Staff |
Freight handler Mercury Air Cargo says a new refrigerated transit facility at Los Angeles International Airport is taking in full freighter loads of flowers from South America, boosting efforts to cre
Air Cargo
Air Cargo Carriers News
DHL Express Moving to Cincinnati
JOC Staff |
DHL will move its reduced U.S.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Aloha Air Cargo Workers Join Teamsters
Thomas L. Gallagher |
Fleet service workers at Aloha Air Cargo voted to join the International Brotherhood of Teamsters, the union announced.
Air Cargo
Air Cargo Carriers News
FedEx Drops 14 Aircraft
JOC Staff |
FedEx Express, its business hit hard by the weak economy, will drop 14 aircraft from its freighter fleet by the end of next month, the company said.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Three Airlines Guilty in Price-Fixing Case
JOC Staff |
Three international airlines pleaded guilty to cargo price fixing charges and agreed to pay a total of $214 million in fines, the U.S.
Air Cargo
Air Cargo Carriers News
Lufthansa Cargo Tumbles
Bruce Barnard |
Lufthansa Cargo's freight traffic slumped 19.9 percent in March from a year ago, led by even steeper declines on routes to North and South America.
Air Cargo
Air Cargo Forwarder News
Air Cargo Carriers News
Cargoitalia Set to Resume Operation
Bruce Barnard |
Cargoitalia will launch its challenge to foreign airlines that have cornered Italy's air cargo market in the past three months with a new freighter service between Milan and New York in early May.
Air Cargo
Air Cargo Carriers News
Cargo 2000 Certifies Etihad Crystal Cargo
Thomas L. Gallagher |
Etihad Crystal Cargo, a division of Etihad Airways, earned Cargo 2000 certification. It is the first carrier in the Middle East region to do so.
Air Cargo
Air Cargo Carriers News
Alitalia Mulls Return to Cargo
Bruce Barnard |
Alitalia is set to revive cargo services, challenging foreign carriers that invaded its domestic market after the Italian airline's new owners abandoned its freighter operation.
Air Cargo
Air Cargo Carriers News
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