Air Cargo Forwarder News

FedEx raised its projected earnings forecast for the current quarter on Monday, saying demand for international air express shipping is accelerating.

UPS says it is seeing some ocean freight shipments switch to air because of an “ocean squeeze” on capacity, and the company expects more shippers to move to expedited transport as demand i

UPS saw its net profit grow 90 percent in the second quarter to $845 million, the strongest profit in nearly two years, on a sharp surge in demand in international and domestic expedited business, the

Package carrier FedEx is building a small-package sort and delivery station near Chicago that will be the fifth major facility in that area for its FedEx Ground unit.

Freight volume at New York’s Kennedy International Airport grew 31.6 in April over last year’s depressed figures, but the cargo business also showed signs that the recovery has peaked, acc

U.S. air freight traffic grew 22.1 percent in the first quarter, helped by strong growth in international markets, according the U.S. Bureau of Transportation Statistics.

FedEx’s net profit reached $419 million in the quarter ending May 31 following a loss a year ago and the company said Monday it expects a recovering global economy and stronger pricing to push e

Air freight prices out of Shanghai jumped 18.4 percent on average in April from March to their highest point so far in 2010, according to Drewry Shipping Consultants.

UPS said Monday it is bolstering its technology to simplify multimodal shipments and give importers more control over packages and less-than-truckload freight.

With international package volume rising, DHL Express is hiring as many as 300 workers at its hub in Cincinnati, Ohio.

DHL closed the door on a painful episode in its U.S. operations this week when it handed over ownership of the Wilmington Air Park to officials in the

Economic recovery in the U.S.

The National Mediation Board rejected a request by the Teamsters union to release UPS aircraft mechanics from negotiations, which would have set the stage for a strike in 30 days.

Canada will phase in 100 percent screening of air cargo under a new program that will include some US$90 million of funding to improve security for shipping at the country’s airports.

House Transportation and Infrastructure Committee Chairman James L.

UPS planned to begin the first furloughs of pilots this weekend under what the company calls an “unfortunate, but necessary” cost-cutting measure to scale back its air express flight opera

The U.S. Postal Service is overhauling its mail and shipping structure, merging the expedited and ground operations into a single Shipping Services group.

Revenue shot up 58 percent in the first quarter at ground and air carrier Express-1 Expedited Solutions, rising to $31.6 billion, as the economic recovery fueled sales.

UPS and its long-time local service partner P&T Express formed a joint stock company to invest in facilities in key commercial and industrial centers across Vietnam.

Germany's Deutsche Post DHL, the global mail and logistics group, reported first quarter operating profit soared over 80 percent from a year ago driven by strong growth in its express, ocean and air f

FedEx Express, seeking to take advantage of surging demand, will add six 777 freighters to its order of all-cargo planes from Boeing, the carrier said Friday.

The U.S.

UPS formed a strategic alliance with AliExpress, an online wholesale marketplace launched by e-commerce facilitator Alibaba.com.

Lufthansa Cargo swung to an operating profit of $45.5 million in the first quarter of 2010 from a $93.6 million loss a year ago, driven by surging cargo volumes and rising freight rates.

London – TNT’s net profit nearly doubled in the first quarter on strong gains in expedited shipping demand, but the Dutch express and mail carrier said it remains cautious about what it ca

Continental and United airlines plan to merge, the carriers announced Monday, creating the world’s largest airline by revenue and the largest cargo carrier among passenger airlines in the United

Miami International Airport’s cargo traffic grew 24 percent in the first quarter, including a 38.1 percent jump in March, as a recovery in expedited shipping through the gateway to Latin America

The Teamsters on Wednesday launched a multimedia blitz to push Congress to change federal law that makes it tougher organize FedEx Express drivers.

Global air cargo traffic soared 28.1 percent in March from a year ago and is just one percent short of the peak in early 2008, the International Air Transport Association said.

UPS launched its new intra-Asia air hub in Shenzhen, China, marking a shift in operations from the Philippines that reflects the changed balance of trade within Asia.

UPS said its net profit soared 33 percent in the first quarter on broad earnings gains across all its businesses, and the world’s largest parcel carrier issued its most optimistic statement yet

Hong Kong’s largest air freight handler set a one-day record for cargo tonnage, the company said Monday, signaling a recovery in Asia expedited shipping is maintaining momentum into the second q

For European airlines, the industry’s nascent recovery was carried away on what seemed to be a wisp of dust.

Forward Air reported a positive first quarter for 2010, with numbers up in revenue as well as income from operations over the last 12 months.

It may be nearly mid-May before air freight shipments return to normal after the past week’s disruptions caused by a volcano in Iceland, said Brandon Fried, executive director of the Airforwarde

Europe's airline industry lurched back to life Wednesday as carriers put planes back into the air after being grounded for nearly a week by a volcanic ash plume from Iceland.

Demand for air charters on key routes to and from the Middle East, North America and worldwide has exploded since the shutdown of much of Europe’s air space following last week’s volcanic

Europe’s three largest cargo airports – Frankfurt, Paris Charles de Gaulle and Amsterdam Schiphol – reopened Tuesday after a five-day shutdown.

FedEx resumed flight operations at its European hub in Paris as the carrier and other express airlines began to work on clearing out the shipping backlog left by the shutdown of airspace under a cloud

European officials on Monday created three air zones to allow some flights in and out of the continent isolated since Thursday by volcanic ash in the air.