Air Cargo Carriers News

Dubai and Louisville were the major movers last year among the world’s top 20 busiest international cargo airports, according to preliminary figures for 2011 from Airports Council International.

TNT Express, the Dutch parcel delivery company being taken over by UPS, said “mixed” economic conditions in Europe and slowing Asia-Europe trade volumes depressed its first quarter operati

Expeditors International of Washington “vigorously denied” price-setting allegations that resulted in a $5.5 million fine from the European Commission.

Air China and Cathay Pacific are extending their cooperation by establishing a joint venture ground handling company in Shanghai.

Cargolux reported a net loss of $18.3 million in 2011 from a $59.8 million profit in 2010, as Europe’s largest all-cargo airline battled record oil prices, higher leasing costs and excess capaci

European antitrust officials on Wednesday fined 13 of the world’s largest logistics companies, including Kuehne + Nagel, Panalpina and UPS, a total of $225 million for fixing international air c

FedEx will pay $3 million to more than 21,000 rejected job applicants to settle allegations of hiring discrimination, the Labor Department said Thursday.

Lufthansa Cargo plans to sell its 25 percent stake in Jade Cargo International, the China-based carrier that grou

Lufthansa Cargo is adding three new destinations in China and ramping up its recently launched freighter service to Detroit in the summer flight schedule beginning on March 25.

Cargo throughput at Hong Kong International Airport escalated last month, but managers say the spike was due to the timing of Chinese New Year rather than an export recovery in China.

Saudi Airlines Cargo will expand its European freighter operation with the start of two new services.

United Parcel Service on Monday agreed to acquire TNT Express, Europe’s second-largest package delivery company, in a $6.8 billion all-cash deal that will create the world’s biggest logist

Air cargo overcapacity remains an issue out of China despite recent new product launches, according to Lufthansa Cargo.

Volga-Dnepr is awaiting anti-trust clearance for its planned acquisition of Air Cargo Germany, which will significantly boost the Russian cargo airline’s presence in Europe’s largest air f

United Parcel Service on Friday said it remains in “constructive” talks to take over TNT Express and plans to submit a formal offer for Europe’s second-largest package delivery compa

Lufthansa Cargo’s operating earnings fell to $326 million in 2011 from a record $406 million in 2010, but it was the German airline’s second-best performance, achieved in the face of slump

Saudia Cargo has signed an exclusive deal to provide express freight services to the National Shipping Company of Saudi Arabia for three years.

This year will be even tougher for airlines than 2011 because of economic instability, high jet fuel prices and weak cargo markets, said Christopher Pratt, chairman of Cathay Pacific Airways.

Russia-based AirBridgeCargo Airlines has launched a new link between Germany and China via Moscow.

Air France-KLM Cargo and Martinair Cargo will jointly roll out a raft of new services from Europe to China, the U.S. and Africa.

Frankfurt airport handled 9.1 percent less cargo in February than a year ago as a night flight ban mostly affecting freighter flights and sharply lower Asian traffic weighed on Europe’s second l

A German federal court will begin a hearing tomorrow, March 13, to decide whether to extend a controversial ban on night flights at Frankfurt airport that

Lufthansa Cargo freight traffic slowed to 3.4 percent year-over-year in February from 11.4 percent in January, amid a slowing global economy and a ban on night flights at its Frankfurt hub.

Cathay Pacific Airways’ key markets remained “soft” in February with year-over-year traffic gains, mostly because of the early Chinese New Year holiday.

Trans-Pacific air cargo demand is surging, driven by the launch of new high-tech products such as Apple’s iPad 3.

A new deal between TNT and Emirates SkyCargo will boost capacity on air cargo routes from Asia to Europe and reduce TNT’s exposure to long-haul routes.

Qatar Airways will expand its global bellyhold and freighter network via its Doha hub later this year.

Air France-KLM’s cargo unit swung to a $79.2 million loss in 2011 from a $19.8 million profit in 2010 amid a global glut of capacity and reduced traffic on major routes.

Lufthansa, Europe’s second-largest airline, swung to a net loss of $17 million in 2011 from a $1.5 billion profit in 2010 as losses from the ongoing sale of U.K-based BMI weighed on the German c

Germany’s Deutsche Post DHL, coming off a year in which net profit fell by half because of a onetime charge related to the sale of its Postbank banking unit, forecast higher revenue and profit f

Air cargo volumes in the Asia-Pacific region fell nearly 13 percent in January compared to a year earlier.

Saudi Airlines Cargo will launch a twice-weekly B747 freighter service to Saigon, Vietnam, on March 25, linking the Southeast Asian country to the Middle East and Frankfurt, Germany.

Jade Cargo this week came a step closer to taking to the air again after its owners agreed to work with UniTop Group, a Chinese transportation company, to restructure the troubled carrier.

Freight carried by Asian airlines in January fell 13.7 percent year-over-year, signaling another challenging year for carriers as European demand wanes, according to the Association of Asia Pacific Ai

Amsterdam Schiphol airport boosted net income in 2011 by 15.1 percent to $260 million from $226 million a year ago, but Europe’s third-largest air cargo hub warned capacity constraints could slo

Saudi Airlines Cargo and DHL Global Forwarding will launch a new thrice-weekly direct freighter service between Dubai and Europe in March.

Japan’s All Nippon Airways Co. saw international cargo volume rise for the first time in three months in December on a year-over-year basis, increasing 2.2 percent.

Frankfurt airport handled 16.8 percent less freight in January than a year ago as uncertainty over the global economy and a night flight ban continued to weigh on Europe’s second-largest air car

Cargo transported by Cathay Pacific and sister carrier Dragonair in January plunged 17.6 percent year-over-year and 26 percent from December.

The Transport Workers Union of America and the Communications Workers of America are teaming up on bargaining and organizing efforts at airlines.