Air Cargo Forwarder News

British Airways said it is seeking financial compensation from the European Union and the UK government for the closure of European airspace following the eruption of the Icelandic volcano Eyjafjallaj

United Parcel Service is meeting the air traffic ban in Europe by rerouting as much cargo as it can. Flights from Asia are stopping in Istanbul, Turkey, where freight will be transferred to trucks.

Shippers face steep hikes in air cargo freight rates and long delays when European air space re-opens, freight forwarders warned as airports across a large swath of the continent remained closed for a

LONDON – Lufthansa Cargo won clearance for three freighter departures from Frankfurt on Monday amid growing attempts by European airlines to break through growing logjams of cargo since a volcan

Several European airlines put test flights into the air Sunday to assess the impact of a volcanic ash plume that has enveloped the skies as the shutdown of European space moved into a fourth day and t

UPS issued a strong signal of recovery in its business Wednesday, saying the company expects its net profit to grow 37 percent in the first quarter on “significant acceleration” in interna

Two years after leaving the U.S. domestic package market, Deutsche Post DHL says it is growing again in the United States as rising international trade spurs a global recovery.

The U.S. Postal Service is in the midst of what may be its deepest restructuring since the most familiar delivery operation in the United States first put its letters on airplanes.

TNT, Europe's second largest express delivery company, is examining an initial public offering or partnerships for its mail business.

The German Aviation Authority granted an operating license to DHL Express for its newly formed Leipzig-based cargo airline, European Air Transport.

As part of its "green" technology initiative to cut vehicle emissions, UPS on Tuesday introduced a new service that will enable small and medium-sized businesses in the United States to sche

The Korean government will work with the International Air Transport Association on the airline industry’s “e-freight” initiative for paperless shipping documentation.

The House on Wednesday approved a bill to extend the operations of the Federal Aviation Administration through July 3.

FedEx gave a strongly upbeat view of economic expansion Thursday, announcing its net profit jumped 146 percent to $239 million in its latest fiscal quarter on dramatic growth in international air expr

French logistics provider Geodis acquired small parcel express carrier Ciblex.

Lufthansa Cargo carried 9 percent more cargo in February than a year ago, further narrowing the gap with its larger rival Air France-KLM, which reported a 2.1 percent year-on-year decline in shipments

Deutsche Post DHL, the German global mail, express and logistics group, reported 2009 net income of $876 million against a year earlier deficit of $2.3 billion as cost savings outweighed the impact of

UPS on Monday opened a distribution center at the Calgary International Airport in Calgary, Alberta.

TNT, the Dutch mail and express delivery group, reported fourth quarter net income slumped 58 percent from a year ago as one-off charges and impairments outweighed cost savings.

UPS will begin in May to furlough 300 or more of its airline pilots to cut operating costs during what the company expects to be a gradual recovery.

UPS nearly tripled its net profit in the fourth quarter, as a strong surge in international demand and unexpected domestic holiday shipping pushed earnings to $757 million at the end of the year, the

Air France-KLM signed a letter of intent to sell two new 777 freighters to FedEx as it downsizes its all-cargo operation.

Standard & Poor's issued a warning to UPS today, affirming its "AA-" corporate credit rating but downgrading its long-term ratings outlook to negative.

UPS is adding 245 new delivery trucks powered by compressed natural gas to its fleet in Colorado and California, expanding its use of CNG vehicles more than 20 percent.

DHL Express, trying to close the books on its painful withdrawal from U.S. domestic business, said Tuesday it will donate its Wilmington Airport facility to local authorities in Ohio.

FedEx Express introduced its first 777 freighter service from Shanghai, China to the FedEx hub in Memphis, Tenn.

UPS is adding 101 field stocking locations in China to beef up its global service parts logistics network to serve the rapidly expanding industrial needs in that country.

UPS said Friday the economy and shipping demand are improving faster than the company anticipated, but the package carrier announced new cost-cutting plans that will eliminate 1,800 jobs across the Un

Deutsche Post DHL, extending its push away from domestic parcel delivery in Europe, said it plans to sell its French domestic parcels unit in the first quarter this ye

De Post-La Poste, Belgium's national postal operator, acquired a majority stake in MSI Worldwide Mail, a U.S.-based mail and parcel delivery company.

Freight traffic for European airlines fell 12.7 percent in October, the slimmest decline of a dreadful year in air cargo, helped by a 30.7 percent surge in trade on Middle East routes, the Association

FedEx will use the first two of its new 777 freighters on routes between Hong Kong and Memphis starting next month, company officials said, adding service at an Asia gateway hit hard by capacity short

FedEx said Thursday its net profit fell 30 percent in the quarter ending Nov.

U.S. and Canadian activist investors acquired more than five percent of TNT, reigniting speculation of a break-up or takeover of Europe's second largest parcel delivery and mail group.

FedEx scaled up its earnings projections sharply on Monday, saying it is seeing a steady increase in international express shipping demand and new strength in its domestic ground parcel service.

TNT said it will focus on its express parcel and freight operations over the next five years to offset shrinking mail volume.

FedEx will raise list prices for its ground parcel service an average 4.9 percent in 2010, matching the rate increase announced by competitor UPS.

Cargo traffic at Continental Airlines jumped 16.5 percent in November, the strongest year-over-year growth yet in 2009 amid growing signs of stability in the freight market for U.S.

A lower Canadian income tax rate, realignment of management and cutting back the number of employees helped same-day delivery specialist Dynamex stay even with last year’s profit figures for its

UPS Canada on Dec. 1 formally opened a $70 million expansion of its Toronto distribution center, the largest single Canadian investment for the global package delivery company.