Air Cargo

The air freight industry is seeing a welcome increase in the urgently needed long-haul belly cargo capacity available to the market as international travel starts picking up.

CMA CGM Air Cargo will use its parent company’s extensive ocean forwarder network to drive new business as the airline readies for a rapid global expansion under its Air France-KLM partnership.

China’s rolling COVID-19 lockdowns and significant disruption linked to Russia’s invasion of Ukraine have left the global air freight market to face a difficult second half of the year.

Air cargo capacity is flooding back into the trans-Atlantic market via below deck belly space as travel increases and airlines ramp up their summer schedules.

Logistics software provider Freightos is being taken public on the Nasdaq, a move that will be closely scrutinized by the founders and investors of growth-stage technology providers in the logistics industry.

A drop in air freight volumes on the Hong Kong-Europe trade lane is being caused by a lack of available capacity rather than constraints in demand, something an expanded carrier partnership hopes to address.

Freightos is targeting the payment space for air forwarders by tying an integrated payment tool between forwarders and cargo airlines to its WebCargo booking and rating software.

If the offer by MSC and Lufthansa for ITA is successful, it will provide the ocean carrier with access to significant air freight capacity.

In just 18 months, CMA CGM has gone from providing air cargo as part of its CEVA Logistics suite of services to becoming a major player in the global air freight market.

Shippers converting ocean consignments into air freight to avoid port bottlenecks along the US East Coast are filling all available air cargo capacity on the trans-Atlantic trade lane.

Winding down operations in Russia, Belarus, and Ukraine has come with a hefty price tag, but transport providers are mostly playing down the impact.

New research from Freightos finds ocean carriers improved their electronic tools over the past three years and want to move rate and booking activity through their own online channels.

Shippers of time-sensitive goods on the North Europe-North America trade are increasingly being forced into the air as rising congestion on the US East Coast extends vessel delays.

Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.

Carriers said while Shanghai’s main container terminals at Yangshan and Waigaoqiao remain open, many depots and warehouses are shut, and trucking is severely curtailed.

Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.

The ever-widening effects of Russia’s war on Ukraine and China’s COVID-19 lockdowns are placing mounting pressure on an already stressed air cargo sector.

While Antonov's smaller AN-124s continue to operate, restoring the behemoth AN-225 will take five years and cost more than $3 billion, according to the Ukrainian government's news outlet.

Growing demand for e-commerce is behind forwarder moves to lock in controlled air freight capacity on Asia-US routes, with a particular focus on Vietnam.

Sustained demand on the trans-Pacific and limited capacity is pushing forwarders such as Kuehne + Nagel to lock in long-term air cargo charter commitments.