Air Cargo

Air Cargo

News & Analysis

11 Aug 2020
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.
07 Mar 2012
Panalpina swung to a profit of $139.7 million in 2011 from a 2010 loss of $28.6 million as the Swiss logistics and forwarding giant enjoyed organic growth across all regions and product divisions.
06 Mar 2012
Air cargo volumes in the Asia-Pacific region fell nearly 13 percent in January compared to a year earlier.
05 Mar 2012
Saudi Airlines Cargo will launch a twice-weekly B747 freighter service to Saigon, Vietnam, on March 25, linking the Southeast Asian country to the Middle East and Frankfurt, Germany.
05 Mar 2012
As TNT Express cajoles UPS to sweeten its $6.5 billion takeover offer, rivals FedEx and DHL Express are scrambling to react to a transformative deal likely to trigger further consolidation of the glob
01 Mar 2012
UPS has named Jeff McCorstin vice president of international air and ocean freight transportation services.
29 Feb 2012
Jade Cargo this week came a step closer to taking to the air again after its owners agreed to work with UniTop Group, a Chinese transportation company, to restructure the troubled carrier.
29 Feb 2012
International air cargo traffic has stabilized after a year-long slump despite an 8.1 decline in January volume, which was caused by the closing of factories during the Chinese New Year holiday, the I
29 Feb 2012
International Airlines Group’s freight revenue in 2011 grew 8.6 percent from a year ago to $1.6 billion, as the Anglo-Spanish carrier increased traffic in a declining global air cargo market.
29 Feb 2012
Hong Kong Airlines has bowed to pressure from customers and animal welfare groups to stop transporting live dolphins.
27 Feb 2012
Hong Kong Airlines is refusing to stop transporting live dolphins captured in Japan despite public uproar over its involvement.
27 Feb 2012
China plans to build the world’s largest cargo airport near Beijing in a $4.8 billion project due for completion in late 2017.
24 Feb 2012
Freight carried by Asian airlines in January fell 13.7 percent year-over-year, signaling another challenging year for carriers as European demand wanes, according to the Association of Asia Pacific Ai
24 Feb 2012
Amsterdam Schiphol airport boosted net income in 2011 by 15.1 percent to $260 million from $226 million a year ago, but Europe’s third-largest air cargo hub warned capacity constraints could slo
21 Feb 2012
Expeditors International of Washington said a weak peak season for imports pulled fourth quarter profit down 4 percent year-over-year to $92.8 million.
21 Feb 2012
TNT Express, the Dutch express delivery company in takeover negotiations with UPS, plans to refocus on its core European market, trim international operations, and reduce its freighter fleet to stem r
20 Feb 2012
Saudi Airlines Cargo and DHL Global Forwarding will launch a new thrice-weekly direct freighter service between Dubai and Europe in March.
20 Feb 2012
Cargo volume slumped more than 20 percent at Hong Kong International Airport in January from December and by 17.5 percent year-over-year as sluggish demand during Chinese New Year led to double-digit
17 Feb 2012
TNT Express rejected an unsolicited takeover offer of roughly $6.4 billion from UPS, but the Dutch delivery firm said discussions with the parcel giant are ongoing, according to reports.
17 Feb 2012
Employers across the U.S. are struggling with a paradox: Despite high unemployment, they’re having a tough time hiring the right person for the right job.
15 Feb 2012
UPS recently acquired Kiala, a Brussels-based provider of goods bought on the Internet, as the parcel giant attempts to tap growing e-commerce in Europe.
14 Feb 2012
Japan’s All Nippon Airways Co. saw international cargo volume rise for the first time in three months in December on a year-over-year basis, increasing 2.2 percent.
14 Feb 2012
FedEx Express is expanding its freighter service between Asia and the Middle East through India, speeding up shipment transit times by up to two days for connections from the Indian subcontinent to th
14 Feb 2012
Frankfurt airport handled 16.8 percent less freight in January than a year ago as uncertainty over the global economy and a night flight ban continued to weigh on Europe’s second-largest air car
14 Feb 2012
Cargo transported by Cathay Pacific and sister carrier Dragonair in January plunged 17.6 percent year-over-year and 26 percent from December.
13 Feb 2012
President Obama’s 2013 budget calls for nearly $30 billion more on transportation infrastructure annually than the roughly $50 billion sought through the House and Senate’s competing surfa
13 Feb 2012
The Transport Workers Union of America and the Communications Workers of America are teaming up on bargaining and organizing efforts at airlines.
13 Feb 2012
Air freight rates for Asia outbound shipments rose 4.6 percent in January over the same month a year ago, the first year-over-year increase in Drewry’s Air Freight Price Index in 15 months.
13 Feb 2012
The Federal Aviation Administration will finally be able to bring the country’s air traffic control systems into the modern era, but only after fighting through some long-standing conflicts.
13 Feb 2012
The trans-Pacific market appears to have flipped. In a reversal of the established traffic patterns of the past three decades, U.S.
10 Feb 2012
Germany will shut a canal linking the river Rhine to Hamburg, Europe’s second largest container port, late Friday night as the coldest February temperatures across Europe in almost three decades
10 Feb 2012
Kintetsu World Express, Japan’s second-largest international forwarder, posted consolidated net profit of $97.5 million for the first nine months of its f
10 Feb 2012
Hong Kong International retained its title as the world’s largest air cargo gateway in 2011, despite a decline in volume resulting from Asia’s slowing exports.
10 Feb 2012
Etihad Crystal Cargo is reaping the benefits of added capacity in a growing Middle East air freight ma
09 Feb 2012
Lufthansa Cargo said it will stop diverting freighters to Cologne Airport to avoid a night flight ban at its Frankfurt hub, saying the diversion is too costly and has resulted in a loss of customers.
09 Feb 2012
Lufthansa Cargo’s freight traffic tumbled 11.4 percent in January from a year ago amid a weakening global economy that threatens further declines over the coming six months.