Severely limited air cargo capacity has forced airlines to scrap many block space deals held with forwarders at a time when spot rates on the major east-west trades are at high levels.
News and analysis of air cargo shipping and transportation companies.
News & Analysis
11 Jun 2014
The cargo division of Malaysia Airlines has appointed an acting chief executive to replace Mohd Yunus Idris, who left the company this week.
11 Jun 2014
Lufthansa today warned that an expected rebound in its cargo business hasn’t materialized and there’s no pickup in sight as it lowered its profit targets for the next two years.
10 Jun 2014
American Airlines is adding Hong Kong and Shanghai to its daily Asian routes this week as the carrier capitalizes on 12 consecutive months of air freight growth and improving yields.
06 Jun 2014
The Hong Kong Association of Freight Forwarders and Logistics (HAFFA) has joined a coalition of global counterparts in calling for the U.S. federal government to seek input from small and midsize forwarders before expanding the Air Cargo Advanced Screening (ACAS) program
05 Jun 2014
Air China Cargo and China Postal Airlines have strengthened their strategic partnership with the launch of a new service between Guangzhou and Nanjing as the carriers move to capture a growing share of the fast expanding mainland express market.
05 Jun 2014
Two Arab Gulf air cargo carriers are expanding freighter services, underscoring the strength of the region’s carriers in a weak global air freight market.
04 Jun 2014
Airlines in Asia are watching freight volumes creep up and daring to think about a peak season, but the steady addition of new passenger routes out of the region and increasing flight frequencies to existing destinations are undermining the improving demand for cargo.
30 May 2014
The East-West Air Freight Price Index, as reported by Drewry, rose for the second straight month in April, reaching the highest level it’s seen since the end of last year.
29 May 2014
Logistics providers operating in Thailand and the companies they service are no strangers to supply chain risk, and the latest installment of martial law imposed nationwide on May 22 saw them again reaching for contingency plans.
28 May 2014
Growth in the express segment powered Transport Corporation of India to higher profit in fiscal year 2013-14, which ended March 31.
27 May 2014
The global air cargo market saw demand grow 3.2 percent in April from a year earlier, but traffic was down from previous months due to a further slowdown in emerging markets, led by China, according to the International Air Transport Association.
27 May 2014
Robert Song, Cargolux’s senior vice president and head of Asia Pacific, has been ousted just weeks after brokering a deal that saw Henan Civil Aviation & Investment Co (HNCA) acquiring 35 percent of the Luxembourg freighter operator.
22 May 2014
The revenue from China’s fast-growing e-commerce business is masking a decline in the price per parcel that is expected to spur consolidation.
20 May 2014
U.S. shippers haven’t been this optimistic about volume growth in the coming 12 months since The Hurt Locker won the Academy Award for Best Picture and an Icelandic volcano disrupted flights to and from Europe.
19 May 2014
For the first time since the 2008-09 Great Recession, shippers have a “small smile on their faces” when it comes to the economy, National Industrial Transportation League President and CEO Bruce Carlton said. Their increasing optimism in the economy, however, doesn’t quell their concerns over a myriad of other issues, from tightening capacity to infrastructure investment. Carlton recently spoke with JOC senior editors William B. Cassidy and Mark Szakonyi about the expectations NITL members have for the coming months.
12 May 2014
It occupies only 300 square feet in the world’s biggest international airport, but American Airlines Cargo’s first European temperature-controlled facility, which opened in London Heathrow last week, underscores the rise of health care as a key driver of global transport demand.
08 May 2014
Profits in international forwarding are becoming increasingly squeezed as competitors drop prices to gain volumes and as underlying rates remain weak due to overcapacity and slowing growth in both ocean and air markets.
08 May 2014
A trend in shipping from air to ocean that has cost the air cargo industry 2 percentage points of average annual growth since 2000 has now resulted in a meaningful expansion of the ocean reefer market, but only a miniscule increase in total container volumes.
07 May 2014
Excess capacity and competition will keep pressure on pricing for air cargo carriers despite stronger growth.
06 May 2014
Lufthansa Cargo said it will expand its “lucrative “express products business in 2014 as first quarter profit declined 25 percent year-on-year in a stalling global air freight market.
05 May 2014
The global air cargo market has stalled but could start to grow again in the coming months due to rising export orders in the U.S. and Europe, according to the International Air Transport Association. But the stalled market is increasing the pressure on air cargo to deliver a stronger value proposition.
04 May 2014
Japan’s leading air carriers saw their profits drop in fiscal year 2013, which ended on March 31, despite rising cargo revenue, as fuel costs surged thanks to a weakening of the yen.
02 May 2014
Cargolux swung to an $8.4 million net profit in 2013 from a $35.1 million loss a year earlier as freight volume hit an all-time high, but the all-cargo carrier cautioned market conditions are unlikely to improve this year.
01 May 2014
AirBridgeCargo Airlines, Russia’s largest all-cargo carrier, posted its strongest-ever quarter, with traffic growing 9 pe
29 Apr 2014
In March, the East-West Air Freight Price Index, as reported by Drewry, rose 6.1 percent year-over-year and 6.8 percent from February, following three consecutive months of year-over-year and month-to-month declines.
29 Apr 2014
TNT Express posted lower revenue and operating income in the first quarter on a mix of adverse currency movements, the sale of its domestic Chinese business and the pruning of unprofitable contracts.
25 Apr 2014
Cargolux said its shareholders approved a $175 million increase in its share capital to strengthen the Luxembourg-based all-cargo carrier’s finances and help fund the expansion of its freighter fleet and route network.
22 Apr 2014
Express delivery in China resulted in 2.6 billion deliveries in the first quarter, up 51.9 percent year-on-year, Xinhua reported.
22 Apr 2014
Japan’s containerized cargo trade will remain almost unchanged in fiscal 2014, which started on April 1, from the previous fiscal year, a Tokyo-based research firm predicted in a new report.
22 Apr 2014
Air cargo’s positive start to the year has buoyed spirits in an industry anxious to find profitability amid weak yields and an excess of capacity.
15 Apr 2014
Sharply higher shipments to China and India helped Etihad Airways boost its freight traffic in the first quarter by 26 percent to an all-time high.
11 Apr 2014
Etihad Airways is on the verge of buying a 49 percent stake in Italy’s financially troubled national airline Alitalia in a move that would increase the Abu Dhabi-based carrier’s access to Europe’s second largest air freight market.
10 Apr 2014
Lufthansa Cargo carried 2.6 percent less freight in March compared with a year ago, but it said the global market shows some signs of recovery as it posted higher revenue and an improved load factor.
04 Apr 2014
As more shippers shift freight from express to deferred services or even to ocean vessels to better manage inventory and cut logistics costs, it’s natural to come to the conclusion that the air cargo industry is in a tailspin. Industry leaders, including FedEx founder and CEO Frederick W. Smith, describe a price-service flashpoint that favors slower means of transport and warn of growing protectionism. The rise of near-shoring and near-sourcing shortens supply chains, reducing the need for long-distance air transport.
03 Apr 2014
HONG KONG –– Supply chain security is being threatened by the fast growing e-commerce market, which is generating huge vo