Air Cargo

Air Cargo

Demand for air freight through much of 2017 and into the first quarter of 2018 was boosted by stronger economies and trade, with e-commerce growth and a broader inventory restocking cycle keeping space tight and freight rates sky high. Air cargo is now heading into the slower summer months but capacity is expected to tighten into the fourth quarter. Double-digit growth in late 2017 means the year-over-year comparisons may not be as severe, but shippers have been advised to book their space early.

News & Analysis

20 Feb 2020
Lufthansa Cargo will offer instant air freight quotes via an application programming interface with digital forwarder Fleet, a company in which the German airline invested in 2018.
17 Mar 2016
Lufthansa Cargo remained in the black for yet another year in 2015, overcoming the damaging impact of a pilots’ strike and growing oversupply in the global air freight market, while its main European rivals sank deeper into the red.
16 Mar 2016
Stronger-than-expected online shipping demand pressured various points in FedEx's transportation network in December, raising volumes on air and ground in the quarter that ended Feb. 29.
14 Mar 2016
The year-over-year distortions of the U.S. West Coast port dispute early in 2015 that pushed shippers to the skies were keenly felt in February cargo volumes at Hong Kong International Airport that recorded a drop of 15 percent compared to the same month last year.
09 Mar 2016
In a long-awaited deal, Amazon announced Wednesday it has acquired a stake in the Ohio company that has been helping the e-commerce giant run its secret air cargo operation in the state since last year and has signed a five- to seven-year lease for 20 cargo planes.
09 Mar 2016
Cathay Pacific’s 90 percent increase in 2015 net profit had no help from its cargo division, which after a solid first quarter saw demand for air freight largely fade away for the rest of the year.
08 Mar 2016
The global air cargo market got off to a strong start in 2016, with volume up 2.7 percent year-on-year, the fastest growth rate since last April, the International Air Transport Association said.
British Airways
26 Feb 2016
International Airlines Group carried less cargo in 2015 than a year earlier but its freight revenue grew as it focused on strategic partnerships and premium products to offset lower rates and yields in bearish global market.
24 Feb 2016
The enormous growth in China’s e-commerce market has driven up demand for domestic air express services and encouraged Boeing Co. to offer freighter conversions for its popular B737 passenger plane.
24 Feb 2016
The ground package arm of FedEx will lease a CenterPoint-owned distribution and sorting facility in Auburn, Washington, six miles from Amazon's Kent fulfillment center and close to the ports of Seattle and Tacoma.
24 Feb 2016
The lithium battery market is expected to double in the next 10 years, but the rapidly growing sector is crashing into a regulatory pushback from the aviation industry as safety fears mount.
23 Feb 2016
Taiwan’s Evergreen Group has announced management changes as a succession fight continues among the four sons of company founder and chairman Chang Yung-fa, who died Jan. 20.
22 Feb 2016
Evergreen Group will have no chairman following the death of company founder Chang Yung-fa but will appoint senior executives for each of the company’s subsidiaries, according to published reports in Taiwan.
18 Feb 2016
Air France-KLM narrowed its cargo loss in the fourth quarter of 2015 but its full-year deficit increased as it continued to scale back its troubled full-freighter operation.
17 Feb 2016
AirBridgeCargo began 2016 on a roll with volume soaring by a record 30 percent in January, but Russia’s largest air cargo carrier cautioned it faces challenges as it expands its global network.
17 Feb 2016
Blood dripping from a U.S. freighter at Harare airport in Zimbabwe led the plane’s captain to a grim discovery when he opened a hatch and a body fell out.
17 Feb 2016
Capacity cuts and a pre-Chinese New Year demand for air cargo on key routes barely managed to keep Cathay Pacific’s January volumes in positive territory.
16 Feb 2016
TNT Express returned to the black in the fourth quarter of 2015 as strong growth in European revenues more than offset declines in Brazil and China and its restructuring program gained momentum.
14 Feb 2016
E-commerce opportunities on both sides of the Canada-U.S. border are helping TransForce compensate for loss of energy, less-than-truckload volumes.
11 Feb 2016
A Feb. 1 change in dimensional weight pricing will benefit Forward Air Corp., the CEO of the ground-air expedited transportation company told Wall Street analysts this week.
11 Feb 2016
A massive increase in flower volumes destined for the U.S. reflects an increasing e-commerce capability that has allowed buyers to source directly from farmers.
11 Feb 2016
Air India and Air New Zealand are the last two defendants in a long-running antitrust litigation brought against nearly 30 providers of air cargo services, but a nasty surprise could be in store for the carriers in a trial scheduled for September.
08 Feb 2016
Nippon Express Co., Japan’s largest international freight forwarder, saw its net profit rise at a double-digit pace in the first nine months of the fiscal year ending in March despite paltry revenue growth.
05 Feb 2016
The International Air Cargo Association (Tiaca) has urged the U.S. Transportation Security Administration to clarify recent updates to air freight carried on passenger planes and freighters from several Middle Eastern countries.
05 Feb 2016
Another multimillion-dollar settlement was reached in the long-running antitrust class action lawsuit in the U.S. that has involved most of the world’s major carriers, with Air China agreeing to pay $50 million.
05 Feb 2016
Hong Kong’s largest air cargo terminal has teamed up with a Pearl River Delta ocean shipping and logistics heavyweight to increase its regional reach and drive up air freight business through the airport.
03 Feb 2016
Shippers using C.H. Robinson Worldwide to move truckload freight saw pricing drop 3 percent on average in the fourth quarter. The logistics operator's volume, net revenue and profit, on the other hand, all rose.
03 Feb 2016
Global air cargo traffic increased 2.2 percent year-over-year in 2015, less than half the 5 percent rise in 2014, due mainly to sluggish trade growth in Europe and Asia-Pacific, according to the International Air Transport Association.
29 Jan 2016
ANA Holdings Inc. and Japan Airlines Corp. both saw their group net profits soar in the first nine months of the fiscal year ending March 31 on a year-over-year basis, despite lower cargo revenues.
29 Jan 2016
Manchester Airports Group posted a 4.3 percent year-over-year increase in 2015 cargo traffic at its four U.K. airports, driven by new freighter services and growing express deliveries.
25 Jan 2016
Cargolux bucked the downward trend in Europe’s air cargo market, boosting traffic by 7.4 percent in 2015 and unveiling plans to increase its freighter fleet.
25 Jan 2016
Lackluster global trade will do air and ocean carriers out of Asia no favors this year as both sectors struggle to balance excess capacity with declining demand.
22 Jan 2016
U.S eastern railroads, parcel providers and trucking companies are warning shippers that a winter storm with blizzard conditions affecting 18 states will delay shipments Friday and through the weekend.
20 Jan 2016
Atlas Air Worldwide Holdings’ plan to acquire competitor Southern Air Holdings will diversify the air cargo carriers’ fleet, strengthen its relationship with its biggest customer, DHL Express, and position it to grow in the U.S. and globally, according to a BB&T analyst.
20 Jan 2016
Cargolux is to invest $77 million in Cargolux China, a new joint venture carrier, scheduled to start operations in 2017.
19 Jan 2016
Frankfurt airport, Europe’s largest air cargo hub, saw traffic decrease 2.6 percent year-over-year in 2015, mirroring declines at third- and fourth-ranked Amsterdam Schiphol and London Heathrow.