Air Cargo Forwarder News

The Journal of Commerce provides comprehensive air cargo forwarder news and analysis of air cargo forwarders. It also covers in-depth strategies, pricing, capacity and air freight forwarding services.

The latest Air Cargo Forwarder News News & Analysis

TNT says profit down on volatile China, Brazil markets – but bullish on FedEx takeover

Bruce Barnard, Special Correspondent |
TNT Express said its third-quarter operating profit will be “materially lower” than last year due to economic volatility in China, Brazil and Australia.
Air Cargo Forwarder News

DHL Express USA expands US electric truck fleet

William B. Cassidy, Senior Editor |
The U.S. arm of the global package express carrier is buying 45 electric cargo vans as part of a broader initiative to run more "clean" vehicles. Overall, corporate sustainability targets are powering interest in electrics.
Air Cargo Forwarder NewsTrucking News

European shippers to gain as TNT recalibrates road service to Moscow

JOC Staff |
TNT Express has launched a road service connecting Georgia to Moscow in a bid to cut up to 48 hours of transit time for shippers using the company’s European road transit service to reach the Russian capital.
Air Cargo Forwarder News

Express parcels industry under pressure 'as never before' — report

Bruce Barnard, Special Correspondent |
The express parcels industry is coming under pressure “as never before” as e-retailing, technological disruption and macro-economic upheaval drive fundamental changes in the market, according to a leading logistics consultancy.
Logistics Technology NewsAir Cargo Forwarder News

Nippon Express betting on Southeast Asia trade growth

Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, is investing heavily in Southeast Asia, particularly Vietnam, to position itself favorably ahead of the inauguration of the ASEAN Economic Community at the end of the year.
Air Cargo Forwarder News

Nippon Express sets sights on China-Southeast Asia trade

Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, has reached a key milestone in its Asia strategy with the launch of a time-saving truck service between Kunming, the capital city of Yunnan province in southern China, and Bangkok, Thailand’s capital.
Air Cargo Forwarder News

Heathrow cargo falls in July, urges expansion

Bruce Barnard, Special Correspondent |
London Heathrow’s cargo traffic decreased by 5.4 percent in July from a year ago but the airport urged the government to approve an expansion of the airport to keep pace with growing trade with emerging markets.
Air Cargo Forwarder News

Nippon buys out Chinese joint venture to gain hinterland access

Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, said that it has bought the remaining 5 percent of Nippon Express (China) still held by a Chinese partner to speed up the decision-making process. Those decisions center on adjusting to China's rapidly changing logistics business environment, wherein manufacturers are shifting their operations further inland, necessitating greater inland penetration by international logistics firms.
Air Cargo Forwarder News

Frankfurt cargo declines continues

Bruce Barnard, Special Correspondent |
Frankfurt airport, Europe’s largest air freight hub, posted another monthly decline in traffic in June, tracking slowing growth at its largest customer, Lufthansa Cargo.
Air Cargo Forwarder News

Strong overseas revenue lifts Nippon Express’ profit

Hisane Masaki, Special Correspondent |
Nippon Express Co., Japan’s largest international freight forwarder, saw its group net profit soar in the first quarter of fiscal 2015 on the back of robust international revenue growth driven by the weak yen and increased air cargo traffic.
Air Cargo Forwarder News

HNA in bid battle for aircraft lessor Avolon after Swissport deal

Bruce Barnard, Special Correspondent |
China’s HNA group is in a bid battle for Avolon, one of the world’s largest aircraft lessors, just days after agreeing the $2.8 billion acquisition of Swissport, the world’s largest airport cargo handler.
Air Cargo Forwarder News

Strong revenue lifts Blue Dart Express' first-quarter profit

JOC Staff |
Blue Dart Express, India’s leading air express and logistics service provider, posted a big jump in net earnings in the first fiscal quarter, as income from operations increased significantly, driven by new business strategies.
Air Cargo Forwarder News

TNT Express revenue grows in run-up to FedEx takeover

Bruce Barnard, Special Correspondent |
TNT Express posted a 6.2 percent increase in second-quarter revenue, driven by a stronger dollar and growing business from small and medium-sized customers.
Air Cargo Forwarder News

Acquisition enhances UPS's luxury item shipping business

JOC Staff |
UPS expanded the insurance and logistics services it offers shippers of high-value cargo such as jewelry by acquiring Insured Parcel Services from G4S, a global integrated security company.
Logistics Technology NewsAir Cargo Forwarder News

UPS expands global heavy freight service in Latin America, Europe

William B. Cassidy, Senior Editor |
UPS added eight origin and five destination countries to its expedited Worldwide Express Freight service, which now serves 58 countries. The service focuses on urgent, heavy-weight palletized freight.
Air Cargo Forwarder News

Flat growth, rising capacity as air cargo runs out of steam

Greg Knowler, Senior Europe Editor |
The air freight momentum generated by a solid first quarter has been well and truly lost with the world’s market leader reporting flat growth in June and falling load factors.
Air Cargo Forwarder News

WFS expands European air cargo reach with stake in German handler

JOC Staff |
One of the world’s largest air cargo handler Worldwide Flight Services has announced plans to acquire a majority stake in the German Fraport Cargo Services, further expanding its reach into the European market.
Air Cargo Forwarder News

Global air cargo growth slows

Bruce Barnard, Special Correspondent |
Global air cargo traffic grew 2.1 percent in May from a year ago, the lowest monthly increase in 2015, as volume contracted in North and South America and Europe, according to the International Air Transport Association.
Air Cargo Forwarder News

Logistics, trade groups hail choice of Heathrow for expansion

Bruce Barnard, Special Correspondent |
Freight forwarders and logistics providers today hailed a government-appointed commission’s call for a third runway to be built at London Heathrow airport, Europe’s fourth largest air cargo hub.
Air Cargo Forwarder News

Shippers await report on Heathrow, Gatwick airport expansion

Bruce Barnard, Special Correspondent |
The UK’s air freight shippers are nervously awaiting the publication of a long-delayed report that will recommend either London Heathrow or nearby Gatwick as the best site for a new runway in the crowded southeast of the country.
Air Cargo Forwarder News

Demand for Asia-US air cargo slows as ports get their act together

Greg Knowler, Senior Europe Editor |
Asia-U.S. air cargo freight rates have continued to slide as port operations on the West Coast have sharpened up since the crushing congestion at the beginning of the year, according to data from Drewry.
Air Cargo Forwarder News

Lufthansa Cargo and All Nippon Airways to launch joint Europe-Asia service

Bruce Barnard, Special Correspondent |
LONDON – Lufthansa Cargo and All Nippon Airways Cargo will launch joint freight services from Europe to Japan on August 3, eight months after they joined forces on the westbound route.
Air Cargo Forwarder News

Protectionist talk heats up Middle East airline subsidy allegations

Greg Knowler, Senior Europe Editor |
The ugly specter of a protectionist trade dispute was raised at the International Air Transport Association annual meeting in Miami where the long-running subsidy allegations levelled against Gulf carriers by U.S. airlines again hit the headlines.
Air Cargo Forwarder NewsTransport, Trade, and Regulation News

Global air cargo growth slowing

Bruce Barnard, Special Correspondent |
London-Global air freight traffic increased 3.3 percent in April from a year ago, but lagged the 5.3 percent rise in the first quarter as world trade growth slowed, the International Air Transport Association reported.
Air Cargo Forwarder News

Air cargo sector ascending on West Coast tailwind

Reynolds Hutchins, Associate Editor |
The air cargo industry is riding a tailwind right now. And while growth hasn’t been spectacular by any means, industry insiders say it’s been sustained and healthy — a vast improvement from where it was just a year ago.
Air Cargo Forwarder News

City panel approves Lambert-St. Louis Airport cargo project

Reynolds Hutchins, Associate Editor |
Plans to construct an international air cargo gateway in St. Louis took another step forward this week after the city’s airport commission approved the project in a unanimous vote.
Air Cargo Forwarder News

TNT seeks buyer for cargo airlines in wake of FedEx deal

Bruce Barnard, Special Correspondent |
TNT Express said it will open talks shortly with potential buyers of its cargo airlines following FedEx’s agreed 4.4 billion-euro ($4.8 billion) takeover.
Air Cargo Forwarder News

Kerry Logistics hatching plan to enter ‘chaotic’ China courier market

Greg Knowler, Senior Europe Editor |
Kerry Logistics plans to build a regional express delivery platform in China and across the Asean region to capitalise on a rapidly growing segment of the logistics business, but it will be a cautious entry into a difficult market.
Supply chainAir Cargo Forwarder News

West Coast congestion severely impacts air cargo out of India

Reynolds Hutchins, Associate Editor |
Air cargo leaving India has been hit with severe delays because of poor weather and the lingering impact of U.S. West Coast port congestion on world trade, according to a U.S. freight forwarder specializing in air and ocean freight in the Far East.
Air Cargo Forwarder News

TNT Express sinks into the red on restructuring charges

Bruce Barnard, Special Correspondent |
TNT Express slumped to a 137 million euros [US $156 million] net loss in the fourth quarter of 2014 from a 32 million euros profit in the same period in 2013, driven mainly by restructuring charges tied to an abortive takeover bid by its larger rival, UPS, two years ago.
Air Cargo Forwarder News

Strong overseas revenue lifts Nippon Express’ profit

Hisane Masaki |
Nippon Express Co., Japan’s top international freight forwarder, posted a big jump in group net profit in the first three quarters of fiscal 2014, as revenue from overseas operations grew robustly, helped by a weaker yen.
Air Cargo Forwarder News

India’s Blue Dart Express boosts profit 19 percent

JOC Staff |
Blue Dart Express, India’s leading air express and logistics service provider, reported a 19 percent rise in net income to Rs. 27.13 crore (US $4.4 million) for its third quarter, which ended Dec. 31.
Air Cargo Forwarder News

Amsterdam Schiphol airport blames cargo slowdown on US West Coast port congestion

Bruce Barnard, Special Correspondent |
Amsterdam Schiphol airport said cargo traffic got off to a slow start this year because increased trans-Pacific shipper demand for air cargo services due to U.S. West Coast port congestion is diverting freighters from Asia-Europe routes to the Pacific.
Air Cargo Forwarder News

Lufthansa Cargo cautiously optimistic for 2015 amid 'very fierce' market

Bruce Barnard, Special Correspondent |
Lufthansa Cargo is “cautiously optimistic” about its performance in 2015 after filling nearly 70 percent of its capacity in a fiercely competitive market last year, CEO Peter Greber said.
Air Cargo Forwarder News

Heathrow sees 2014 cargo growth but capacity restraints threaten growth

Bruce Barnard, Special Correspondent |
London Heathrow increased air freight traffic by 5.3 percent in 2014, driven by a surge in shipments to key emerging markets, but capacity restraints are threatening to slow growth at Europe’s fourth largest cargo hub.
Air Cargo Forwarder News

Changing supply chain strategies bolster UPS's express freight business

William B. Cassidy, Senior Editor |
Larger international shippers increasingly use UPS's expedited freight service as a strategic "cushion" or aid in supply chain planning, as well as for urgent shipments.
Air Cargo Forwarder News

Global air freight demand to grow 4.5 percent in 2015, IATA says

William B. Cassidy, Senior Editor |
Following a strong end to 2014, global air freight demand will rise 4.5 percent in 2015, outpacing the growth of world trade, the International Air Transport Association says.
Air Cargo Forwarder NewsAir Cargo Carriers News

UPS expands global express freight service as air cargo demand rises

William B. Cassidy, Senior Editor |
Air Cargo Forwarder NewsForwarding

IATA: Global cargo revenue will rise in 2015 but rates will fall

Bruce Barnard, Special Correspondent |
Global air cargo revenue will rise to $63 billion in 2015 from an estimated $60 billion this year, but will remain roughly 5 percent lower than in 2010, according to the International Air Transport Association.
Air Cargo Forwarder News

FedEx, UPS improving on-time delivery rates, ShipMatrix says

William B. Cassidy, Senior Editor |
FedEx and UPS have boosted their on-time delivery performance to 91 to 95 percent, compared with 83 to 89 percent a year ago, bolstering hopes for a happier holiday season.
Air Cargo Forwarder NewsTrucking News