Air Cargo Forwarder News

Delta Airlines and Air France-KLM on May 20 launched a trans-Atlantic joint venture they expect to generate annual revenue of more than $12 billion serving more than 400 destinations in Europe and Nor

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

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.

Japan's two largest airlines saw their international cargo volumes nosedive in March amid the deep global economic downturn, according to their monthly reports.

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.

UPS sold the international network of Mail Boxes Etc. to Italy’s Fineffe Group.

UPS shareholders on May 7 elected a 10-member board of directors.

The U.S. Postal Service lost $1.9 billion in the quarter ending March 31.

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.

UPS is boosting service in Asia by expanding its after market network of field stocking locations in India and establishing a post-sales customer support center in the Philippines.

As the global recession kept up the pressure on express and mail volumes, Dutch logistics giant TNT saw revenue decline 10.2 percent in the first quarter to $3.3 billion.

All Nippon Airways group posted its first full-year net loss in six years in fiscal 2008.

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.

Blue Dart Express, India's leading air express and logistics services provider, earned net profit of $2.4 million for the first quarter ended March 31, down 60 percent from $6 million for the previous

UPS is in talks with its pilots’ union over the possible furlough of some 300 pilots from the company’s airline operation.

Steep declines across all business segments sent UPS profit down 55.7 percent in the first quarter and the company announced new spending cuts to bring capacity in line with falling demand.

An appeals court found that FedEx Ground drivers at two Massachusetts terminals were independent contractors instead of employees and therefore outside the jurisdiction of the National Labor Relations

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.

American Airlines Cargo Division announced expanded its Priority Parcel Service Heavyweight product for shipments between the United States and Europe.

DHL will move its reduced U.S.

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.

The U.S.

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.

International express carrier TNT said steep declines in volume for its premium transport business stabilized during the first quarter and improved somewhat at the end of March.

London -- Germany's Deutsche Post emerged as a potential bidder for a stake in Royal Mail, boosting the UK government's attempt to partially privatize the state-owned postal company.

The Superior Court of Washington for King County ruled FedEx Ground pick up and delivery drivers are independent contractors and not legally full-time employees.

Air Transport Services Group, still coping with the loss of major business from DHL, lost a major contract with All Nippon Airways this month and will drop four aircraft from the network it operates i

Air Transport Services Group, the main provider of air services to DHL in the United States, lost $64.2 million in the fourth quarter as DHL withdrew from domestic air express service in the United St

Purolator USA, a provider of cross border logistics services, named Martin Flanigan, a 20-year business and financial services veteran, as the company’s new director of finance and administratio

A FedEx cargo plane crashed and burst into flame on landing at Tokyo’s Narita International Airport early Monday morning.

FedEx earnings plunged in the company’s fiscal third quarter as a result of the global recession.

London -- Deutsche Post World Net on March 11 unveiled a new strategy that focuses on fusing its freight forwarding, supply chain logistics and express delivery businesses under the DHL brand.

Parcel carrying giant FedEx is bitterly complaining after the House Transportation and Infrastructure Committee approved a bill March 5 that could make it easier for unions to organize its drivers.

Deutsche Post, parent of DHL and Europe's biggest mail carrier, lost $4 billion in the fourth quarter due to declines in volume, which may persist through 2009.

Scott Davis, CEO of the world's largest package delivery company, UPS, on Thursday told the U.S.

UPS expanded its early morning delivery territory in the United States, adding nearly 3,000 ZIP codes to the 20,000 that already can receive guaranteed early morning delivery service.

The CEO of one of the largest U.S. transportation companies opposes replacing the gas tax with a vehicle mileage tax, claiming it would be unfair to many motorists.

The founder of FedEx is an optimist when it comes to the economy, but he won't speculate on when it will turn around.