Air Cargo

Air Cargo

News & Analysis

04 Mar 2021
Heavily disrupted container shipping markets are forcing ocean shippers into the air cargo markets, with space shortages on vessels, port congestion, and difficulties in sourcing equipment for Asian exports heaping additional pressure on limited air freight capacity.
22 Aug 2011
States received another $208 million in stimulus from the Department of Transportation in the week ending Aug.
22 Aug 2011
UPS named Jim Barber, a 26-year veteran of the company, as its new president of the European region, which also encompasses the Middle East and Africa.
22 Aug 2011
Damco saw its profit grow 9 percent year to $361 million in the first half of 2011 from the same period a year ago, as ocean and air freight volume increased despite what the logistics arm of A.P.
22 Aug 2011
Tonnage through Taiwan’s Taoyuan International Airport in the first half of the year fell 6.7 percent year-over-year to 817,433 metric tons.
19 Aug 2011
Saudia Arabian Airlines agreed to pay $14 million to settle a class action lawsuit accusing the airline of conspiring with other carriers to raise freight rates between 2000 and 2006.
19 Aug 2011
Apple shipped more mobile computers than any competitor in the second quarter, vaulting it over HP to the market lead, said research firm DisplaySearch.
19 Aug 2011
Boeing reached a major milestone in its long-delayed program for its 747-8 freighter, winning certification in the United States and Europe for the next-generation aircraft the manufacturer believes w
19 Aug 2011
Air cargo forwarders who operate security screening facilities are questioning a proposed fee increase for government background checks of employees.
18 Aug 2011
The Transportation Security Administration issued its final rule on U.S.
18 Aug 2011
The cash-starved U.S. Postal Service began negotiations Thursday with two unions representing nearly 250,000 workers amid plans to slash the postal work force more than 20 percent.
18 Aug 2011
With a $150 million investment in Express-1 Expedited Solutions awaiting shareholder approval, “career CEO” Bradley S.
18 Aug 2011
Japan posted a second consecutive monthly trade surplus in July as the country’s exports recovered from the natural disasters in March, according to preliminary government figures released Thurs
18 Aug 2011
Cathay Pacific Airways expects air cargo demand to remain weak for at least another four weeks after reporting an 11 percent year-over-year decrease in cargo and mail volume in July.
18 Aug 2011
The European Union-South Korea Free Trade Agreement that went into effect July 1 is already boosting FedEx cargo demand.
18 Aug 2011
Greater reliance on high volume customers paying lower rates drove second quarter profit down 39.2 percent year-over-year at Express-1 Expedited Solutions, despite higher revenue.
17 Aug 2011
Air Transport Services Group’s profit in the second quarter rose 24 percent to $12.3 million, as the freighter operator leased more aircraft and received higher jet fuel reimbursements.
16 Aug 2011
President Obama unveiled on Tueday a $510 million federal investment program to help develop advanced biofuels that can be used by commercial and military ships and airplanes.
16 Aug 2011
Cargo tonnage at London Heathrow Airport fell 1.5 percent in July, the airport’s third straight year-over-year, but a seasonal uptick also gave the British gateway its busiest month for freight
15 Aug 2011
The Department of Transportation’s payments to states for finished stimulus projects reached $30.4 billion as of Aug.
15 Aug 2011
The Japanese economy shrank 0.3 percent in the second quarter of this year from the preceding quarter, or at an annualized pace of 1.3 percent, in real terms, the government said in a preliminary repo
15 Aug 2011
Hong Kong International Airport‘s cargo handled fell 6.1 percent in July, marking the five consecutive month of decreased year-over-year freight handling.
12 Aug 2011
The U.S. Postal Service on Friday said it is considering laying off some 120,000 employees, about 21 percent of its work force, as it faces a second year of losses totaling more than $8 billion.
12 Aug 2011
Caterpillar Chairman and CEO Doug Oberhelman called for U.S. policymakers to launch a strong infrastructure repair program to upgrade ports and domestic transportation networks.
12 Aug 2011
International cargo volume growth at All Nippon Airways accelerated in June, grew 8.7 percent over the same month last year after expanding 2.1 percent in May.
10 Aug 2011
The Transportation Department’s Freight Transportation Index rose 2.6 percent in June, the index’s largest month-to-month increase since November 2009.
10 Aug 2011
Cathay Pacific Airways will buy eight 777-200 freighters to be delivered between 2013 and 2016 as the Hong Kong-based carrier expands its fleet and phases out older aircraft.
10 Aug 2011
Cathay Pacific Airways’ profit fell 59 percent to $359.6 million in the first half of the year compared to the same period a year ago, as less demand from China and inflationary fuel prices drag
10 Aug 2011
Yusen Logistics (Americas) added management of its transportation division to the responsibilities of Michael Noone, the logistics company’s executive vice president and chief operating officer.
10 Aug 2011
Kintetsu World Express, Japan’s second-largest international forwarder, said its net profit doubled in the first quarter of fiscal 2011, which ended June 30, from a year to $30.6 million on a co
09 Aug 2011
Freight traffic for European airlines fell 0.6 percent in May as weaker demand in Asia gave the carriers their first year-over-year decline in cargo in nearly two years, according to the Association o
08 Aug 2011
Transportation stocks took a deep dive on Wall Street on Monday, riding a huge selloff in response to the downgrading of U.S. debt that sent the Dow Jones Industrial Average down 635 points.
05 Aug 2011
The U.S. Postal Service lost $3.1 billion in its third fiscal quarter ending June 30, deepening the Postal Service's financial woes as it gets closer to running out of cash.
05 Aug 2011
Falling demand in the Asia-Pacific region pulled cargo traffic at Air France-KLM down 2.7 percent in July.
04 Aug 2011
U.S.
04 Aug 2011
Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.