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
10 Aug 2020
FedEx Express has increased its temporary international COVID-19 surcharge, weighing the extra costs of air cargo capacity limits as businesses struggle to stay afloat.
05 Aug 2020
The three largest express providers reported improving signs in the sector in their most recent earnings reports, as COVID-hit volumes recovered gradually as the second quarter progressed.
28 Jul 2020
The air cargo industry is gradually moving to electronic bookings between forwarders and airlines, but the evolution could still take time if previous digitization initiatives in the industry are any indication.
28 Jul 2020
Airlines and forwarders say spiking coronavirus infections in the US and developing countries will likely keep air cargo capacity in tight supply and elevate rate levels for a long time.
27 Jul 2020
As freight volumes rise, expedited LTL operator Forward Air is expanding capacity by 30 percent at the heart of its airport-to-airport network in Columbus, Ohio.
24 Jul 2020
With global capacity unable to meet current demand, air cargo’s next challenge will be to find enough capacity to handle any massive rollout of a COVID-19 vaccine.
23 Jul 2020
More door-to-door, less-than-truckload freight will add revenue and freight density to Forward Air’s airport-to-airport lanes and create new final-mile opportunities, the company’s CEO says.
13 Jul 2020
By launching a door-to-door, less-than-truckload business in Savannah, Forward Air is adding more freight and building density in its airport-to-airport network.
03 Jul 2020
There were encouraging signs for air cargo in June, but uncertainty over demand patterns and available capacity is clouding the industry outlook through the summer.
23 Jun 2020
While the urgent demand for medical supplies is waning and air freight rates are coming off record highs in May, market fundamentals are likely to keep prices above last year’s levels.
18 Jun 2020
Softening demand for medical supplies as some countries build inventory and get on top of coronavirus infections has reduced the urgency of shipments and cut air cargo rates in half since mid-May.
11 Jun 2020
Freighters and converted passenger craft are taking longer to unload than belly freight and some ground handlers are understaffed after furloughs and layoffs in the early days of the COVID-19 pandemic.
09 Jun 2020
Air cargo prices have begun to decline from the mid-May highs, but with the withdrawn passenger belly freight unlikely to make a rapid comeback, rates will remain well above last year’s levels.
04 Jun 2020
Air freight carriers are reporting high load factors on trades between Europe and the US, as falling demand continues to outstrip the available capacity.
03 Jun 2020
While air freight demand for medical supplies is expected to fall starting in mid-June, it remains unclear how much of that volume will be replaced by rising consumer demand and whether there will be enough capacity to carry the cargo.
02 Jun 2020
The acquisition of ScanData gives Transplace broader supply chain reach as the COVID-19 pandemic accelerates e-commerce demand.
02 Jun 2020
The urgent need for medical equipment is beginning to slow as countries begin to emerge from COVID-19 lockdowns, with rates falling as airlines make more use of passenger planes for all-cargo flights.
22 May 2020
As countries across Europe and North America begin to emerge from lockdowns that in some cases have been in place since early March, attention in the air cargo industry is shifting to the recovery phase.
19 May 2020
The number of passenger planes flying in all-cargo roles has risen past 1,200 as carriers try to utilize their grounded fleets and generate revenue amid coronavirus-driven travel bans.
19 May 2020
A partnership between airfreight software specialist WebCargo and cargo airline management platform IBS will enable carriers to quote more efficiently, and electronically, to forwarders.
18 May 2020
Combining FedEx’s logistics network with Microsoft’s AI, machine-learning, and cloud-computing capabilities, the companies plan to offer much more granular, near-real-time visibility for entire supply chains, as well as individual shipments.
07 May 2020
The PPE filling all available air cargo capacity is manufactured by the millions of units in China, and even though the cost of producing the protective equipment has increased sharply, that cost can still be measured in cents and fractions of cents.
06 May 2020
Global demand for medical supplies has not let up, but stricter customs rules are leading to lengthy delays at Chinese hub airports.
04 May 2020
The lack of available belly capacity on the major east-west trades amid sustained and heavy demand continues to ramp up rates for essential cargo shipments.
01 May 2020
Traditionally low air freight margins are being further depressed by fierce competition among forwarders to secure limited capacity, with travel bans grounding most of the passenger fleet on east-west trades.
30 Apr 2020
The largest US logistics provider is prioritizing technology spending as the COVID-19 pandemic demonstrates why more automation and digitization is needed.
29 Apr 2020
Even when air cargo demand for urgent medical supplies drops off, there is no certainty that recession-hit consumers will resume spending, and if they do, capacity will still be tight as passenger fleets remain grounded.
28 Apr 2020
The COVID-19 pandemic has flipped UPS’s business, with nearly 70 percent of package volume now residential. That means more mileage, more stops, and more costs.
24 Apr 2020
Air freight capacity is struggling to keep up with soaring demand for medical equipment from coronavirus-hit Europe and the US that will keep China factories open through the Labor Day holidays.
14 Apr 2020
There is no sign yet of falling demand for essential medical equipment that is behind the steep rise in air cargo rates, but the revenue-crushing loss of passenger traffic has airlines fighting for survival.
14 Apr 2020
Air freight forwarders are attempting to navigate the pandemic-driven economy, but the lack of business has resulted in sharp revenue declines and layoffs, and may cause widespread consolidation in the sector.
06 Apr 2020
A shortage of protective medical equipment and limited air cargo capacity to supply hospitals is ramping up China-Europe air freight prices.
24 Mar 2020
Tightness in air cargo capacity is unlikely to ease as the global spread of the coronavirus disease 2019 (COVID-19) increases demand for medical supplies and perishables.
19 Mar 2020
FedEx expands use of its US ground unit to deliver more air express packages, as e-commerce volumes swell and Amazon ups the competitive ante.
17 Mar 2020
Airlines are using their empty passenger aircraft as cargo planes amid widening COVID-19 travel bans across the globe that have cut huge amounts of belly cargo from service.
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