Spot rates on some air cargo routes out of Asia have fallen below long-term contract levels, mirroring the development in ocean shipping.
News and analysis of air cargo shipping and transportation companies.
News & Analysis
12 Sep 2014
European shipping lines, ports and cargo airlines are bracing for a further loss of business and possible service interruptions as the Kremlin weighs its response to the latest EU sanctions over Russia’s role in the Ukraine conflict.
11 Sep 2014
Three global funds will invest $700 million in XPO Logistics, accelerating the fast-growing company's acquisition plans for 2014.
10 Sep 2014
Lufthansa Cargo saw traffic dip 1.1 percent in August from a year ago as an increasingly weak European market offset growth on reviving Asia-Pacific and North and South America routes.
08 Sep 2014
The gap between the sluggish European air cargo sector and the resurgent global market looks set to widen with two of the region’s leading carriers posting declines in freight traffic in August.
08 Sep 2014
The Civil Aviation Administration of China said it plans on liberalizing its air cargo market, but it’s not clear whether China will allow more foreign carriers to operate domestically.
07 Sep 2014
The air cargo market is giddily awaiting tomorrow’s unveiling of Apple’s new iPhone 6 that when launched will create a spike in export traffic from the production city of Zhengzhou and add further lift to solid air freight volumes out of China.
05 Sep 2014
Air France-KLM announced a major downsizing of its freighter fleet in the latest bid to return its cargo operation to profitability amid sagging global demand and increased competition from fast-growing Arab Gulf airlines.
05 Sep 2014
A long-term shift from air to ocean freight by shippers looking to cut transport costs and willing to tolerate longer transit times may be slowing, according to recent comments from transportation executives.
03 Sep 2014
Virgin Atlantic unveiled plans to boost its core trans-Atlantic passenger and cargo route network and axe flights to Tokyo, Mumbai, Cape Town and Vancouver in a bid to achieve “record levels of sustained profitability” by 2018.
03 Sep 2014
Lufthansa Cargo and All Nippon Airways will soon launch joint freight services between Europe and Japan after obtaining antitrust approval in Japan.
02 Sep 2014
Global air cargo traffic surged 5.8 percent in July from a year ago and likely will continue to increase in the coming months, driven by accelerating economic growth in key Asian markets, according to the International Air Transport Association.
02 Sep 2014
The second-quarter recovery that gave air and ocean cargo such a welcome boost looks set to continue its momentum well into the second half as the latest economic and freight indicators show some positive numbers.
01 Sep 2014
Deutsche Post DHL will use India to pilot the development of its e-commerce business model for the Asia-Pacific region via subsidiary Blue Dart Express.
31 Aug 2014
Iceland’s Bardarbunga volcano has kept the local meteorological office busy, with the red level warning being
Weekly wrap-up: ILWU ratifies deal with PNW grain handlers, reaches tentative agreement on health benefits with PMA
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.
29 Aug 2014
The air cargo industry has been battling declining market share for years as cost-sensitive shippers move long-haul cargo from air to ocean transport, but that trend may be coming to an end, PIL Managing Director Teo Siong Seng says.
28 Aug 2014
Rising revenue at Air China in the first half was not enough to lift cargo yield into positive territory, and the mainland carrier struggled against stiff competition and a weakening RMB-U.S. dollar exchange rate.
27 Aug 2014
A quarter of Vietnam’s trade by value is shipped by air, and the International Air Transport Association (IATA) expects the country to be the world’s fastest-growing air cargo market over the next three years, expanding at 6.6 percent a year.
26 Aug 2014
Air freight pricing is stable for the moment, but with the holiday season on the horizon Drewry is predicting prices will shoot up in coming months.
25 Aug 2014
Port San Antonio named a new president and CEO on Aug. 25, tapping a 25-year economic development veteran to lead the inland industrial development agency.
23 Aug 2014
Iceland has downgraded the alert level for a volcano from “red” to “orange” after backtracking on a statement made on Saturday that a small subglacial lavel eruption had begun under the site.
21 Aug 2014
Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.
20 Aug 2014
There are increasing signs that an Icelandic volcano could erupt, potentially disrupting shippers transporting goods via the freighters and in the bellies of passenger planes — much like an eruption on the island did in 2010.
18 Aug 2014
Shippers transporting goods via freighters and in the bellies of passenger planes flying in the northern European are closely watching an Iceland volcano, as many recall how a 2010 eruption on the island seriously disrupted shipments for days.
14 Aug 2014
Cathay Pacific’s strong start to the year continued into July when robust growth in its air freight tonnage ou
13 Aug 2014
Hong Kong-flag carrier Cathay Pacific reported today that its group profit skyrocketed more than 14-fold in the first half of 2014 from a year earlier...
13 Aug 2014
Air freight rates are steadily climbing as demand creeps upward, leaving airline heads optimistic about the second half of 2014.
11 Aug 2014
Etihad Airways plans to revive and expand Alitalia’s dormant cargo business after acquiring a 49 percent stake in the per
10 Aug 2014
Shanghai Pudong International Airport Cargo Terminals Co. Ltd (PACTL) reported 23 percent growth in air freight throughput in July year-over-year as strong demand from international markets continued.
05 Aug 2014
The growth in global air cargo traffic slowed in June as a strong performance by Asia-Pacific and Middle East carriers was offset by declines in Europe and North and South America, according to the International Air Transport Association.
04 Aug 2014
An increasing Asian appetite for live lobster is being met with a weekly shipment of live lobsters from Nova Scotia to South Korea.
03 Aug 2014
China’s factory output and total new orders in July rose to their highest levels since March last year, improving the operating conditions of mainland manufacturers and supporting carrier predictions of third quarter container volume increases in the seasonal build up to Christmas.
01 Aug 2014
IAG’s cargo revenue slumped more than 12 percent in the second quarter as the carrier exited freighters.
31 Jul 2014
Lufthansa Cargo today posted another profitable quarter despite lower traffic and revenue, overcoming a weakening global air freight market that has trapped many of its leading rivals in the red.
31 Jul 2014
Singapore Airlines had a bad start to its financial year, ending the first quarter with earnings down 70 percent as yields weakened in the face of intense competition from regional and Middle East airlines.