Air Cargo

The U.S. Postal Service unveiled a restructuring program Thursday aimed at saving some $750 million in annual costs by closing seven administrative offices and eliminating 7,500 jobs.

A fuel tank at Miami International Airport caught fire late Wednesday night, erupting into a large blaze.

The U.S. Customs and Border Protection Agency, responding to growing alarm over the potential for radiation from Japan's damaged nuclear plant to enter the U.S.

Air freight rates are rising for loads moving from Japan to the U.S.

FedEx lowered its earnings forecast for 2011 as higher fuel costs and declining demand for domestic service clipped inc

Lufthansa Cargo swung to a record operating profit of $434 million in 2010 from a year earlier loss of $239 million driven by the global economic recovery, booming German exports and cost cuts.

Lufthansa Cargo, in the midst of a strong revival in freight business, will add five 777 freighters to its fleet, the German carrier said.

Package delivery giant UPS is elevating the role of environmental sustainability within its operations by creating the post of chief sustainability officer.

TNT Global Express confirmed reports its Italian parcel delivery unit has been targeted by a mafia organization.

FedEx Express is restoring its flights to Tokyo and other parcel carriers are resuming delivery operations across most of Japan even as several airlines suspended service to Tokyo because of risks fro

Japan's Mitsui OSK Lines and Taiwan's EVA Air began bringing rescue workers into areas of Japan devastated by the earthquake and tsunami a

Frankfurt airport boosted freight traffic 4.3 percent in February from a year ago to an all time high for the month of 170,564 metric tons.

The U.S.

Canada’s two largest airports base their infrastructure development strategy on the theory that efficient, cargo-friendly airports will lead the country to trade prosperity, and Asia will be the

Lufthansa Cargo increased freight traffic 25.2 percent in February from a year ago.

All Nippon Airways said its international cargo volume rose for the 17th consecutive month in January, increasing 15.8 percent to 40,733 tons.

Deutsche Post DHL boosted earnings 50 percent in 2010 from a year ago as the global economic recovery drove strong volume growth and higher freight rates in ocean container, air cargo and express mark

Lufthansa said it made a $1.5 billion net profit in 2010 compared with a year-earlier loss of $47 million, bolstered by a one-off tax gain of $556 million and record operating profit for Lufthansa Car

Panalpina boosted 2010 net revenue 20 percent from the previous year to $7.7 billion, driven by double digit growth in ocean container and air freight traffic.

Contract cargo airline Air Transport Services Group saw its net profit grow 15.6 percent in 2010 over the year before to $39.9 million despite a steep decline in revenue from lost business with DHL.

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Lufthansa Cargo is significantly expanding its freighter network with the launch of new services to China, the U.S., Spain, India and Pakistan.

The International Air Transport Association March 2 cut its estimate of global airline profit in 2011 as surging oil prices driven by turmoil in the Middle East outweigh the impact of rising traffic.

Freight traffic for European airlines grew 8.2 percent in 2010 in a tepid recovery following two years of decline, according to the Association of European Airlines.

The Justice Department is investigating possible anticompetitive behavior in the time-sensitive parcel market, a department spokeswoman confirmed today.

Global air freight traffic increased 9.1 percent in January from a year ago, driven by a surge in North America, to outpace growth in the previous two months, the International Air Transport Associati

French logistics operator Geodis turned a $48.3 million operating profit in 2010, recovering from a loss the year before on a strong rebound in freight forwarding business.

The U.S. Postal Service is seeking freedom to price its parcel services outside existing rate regulation, saying it needs the flexibility to operate in "a highly competitive marketplace."

International Consolidated Airlines Group, formed from the merger of British Airways and Spain's Iberia, boosted cargo revenue more than 28 percent above the combined figure for the partners in fourth

Expeditors International of Washington boosted its net profit 40 percent in the fourth quarter to $96.5 million, capping a strong recovery year that saw the forwarder improve its operating profit 42 p

BAA, the owner of London's Heathrow and Stansted airports, sharply narrowed 2010 losses from the previous year as cargo surged.

TNT reported Monday its net profit grew 21.5 percent in 2010 to $480 million but Europe’s second largest post and express delivery company saw earnings pull back in the fourth quarter as the com

The Postal Regulatory Commission notified the U.S. Postal Service that price increases announced Jan. 13 satisfy the requirements of the law and will take effect April 17.

Hong Kong International Airport formally overtook Memphis as the world’s busiest cargo airport in 2010 with release of the full-year figures for the airports.

DHL Express received a multi-site quality management certification from the International Standards Organization for all its U.S. locations.

Japan's All Nippon Airways said its international cargo volume increased for the 16th consecutive month in December on a year-on-year basis, soaring 29.3 percent to 46,349 tons.

Forward Air nearly doubled earnings in its fourth quarter to give the airport-to-airport trucker a $32 million profit for 2010.

FedEx is forecasting its earnings in the fiscal quarter ending this month will come up to 40 percent below earlier projections because of the severe impact

Fourth quarter and full year profit soared at Atlas Air Worldwide Holdings, fueled by strong air freight demand and tight wide-body, long-haul freighter capacity.

Atlas Air Worldwide Holdings executive Michael Steen will replace Ulrich Ogiermann as chairman of The International Air Cargo Association, the worldwide group announced.