Air Cargo Carriers News

Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.

Fraport AG, the operator of Frankfurt airport, reported 22 percent profit growth in the second quarter from a year ago, as freight traffic at Europe’s top cargo hub hit an all time high.

Spot market air freight rates out of Asia slipped back to the lowest level in three months in June, falling 2.6 percent from the month before, according to the Drewry Air Freight Price Index.

Atlas Air Worldwide Holdings’ net profit fell 27.2 percent in the second quarter to $23.8 million on higher fuel costs and a 38 percent drop in commercial charter business in an

Deutsche Post DHL more than tripled its net profit in the second quarter from a year ago to $368.9 million, driven by strong growth in express deliveries across Asia and the emerging markets of Africa

All Nippon Airways lost $107.7 million on a consolidated basis in the fiscal first quarter ending June 30 despite strong increases in international and domestic cargo revenue.

Freight moving through Hong Kong International Airport tumbled 7.6 percent in June as the world’s largest air cargo gateway saw its weakest export volume in five months.

Amsterdam Schiphol Airport boosted freight volume 5.2 percent year-over-year in the first half of 2011, driven mainly by freighter traffic.

Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) lost $91.68 million on a consolidated basis in the first quarter of fiscal 2011, which started on April 1, compared with a net profit of $294.79

International Airlines Group, the carrier formed by the merger of British Airways and Spain’s Iberia, increased first half cargo revenues by 16.7 percent from a year ago, driven by higher traffi

An Asiana Airlines freighter carrying lithium-ion batteries crashed early Thursday en route from Inchon, South Korea, to Pudong, China, after the crew reported a fire on board.

Global air traffic declined 3 percent in June from a year ago, reflecting the air freight industry’s losing of market share to other transport modes, the International Air Transport Association

Lufthansa Cargo posted an operating profit of $191.5 million in the first half of 2011, just 7.6 percent down from last year’s record $207 million profit.

Air France-KLM’s cargo unit slipped to a $20.2 million operating loss in the three months through June from a $15.8 million profit a year ago, as the Japanese earthquake and tsunami snapped supp

UPS began daily service from its major European hub in Cologne, Germany, to growing Chengdu, China, as the package-delivery giants expands its reach into inland China.

DB Schenker said Friday it will shut down the U.S.

Kuehne + Nagel expanded its perishable transportation and logistics network by buying J.

Turkish Cargo, Turkish Airlines’ freight division, began a weekly A310 freighter service between Istanbul and Bud

Cathay Pacific Airways cargo traffic fell 5.5 percent in June, the third straight monthly drop at one of Asia’s largest freight airlines.

FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with new aircraft, trucks and tractors.

European Union competition regulators launched an investigation into public loans to Frankfurt-Hahn Airport

Lufthansa Cargo saw tonnage grow 14.8 percent in the first six months of 2011 from a year ago, driven mainly by strong growth in the Americas that enabled the carrier to

Lufthansa Cargo is phasing in lightweight plastic freight containers the airline says will cut its fuel consumption and reduce carbon dioxide emissions.

The Federal Aviation Administration is proposing a civil penalty of $689,800 against FedEx for allegedly violating

All-cargo carrier Cargolux has grounded a Boeing 747-400 freighter after maintenance staff detected a bullet hole in its fuselage.

Air France-KLM’s cargo traffic fell 2.8 percent in June from a year ago as demand weakened amid political turmoil in Africa and the Middle East and the aftermath of Japan’s natural disaste

Temasek Holdings, the Singapore government-owned sovereign wealth fund, rode higher contributions from portfolio companies that include Neptune Orient Lines, PSA International and Singapore Airlines t

DHL is dropping its attempt to build domestic express delivery services in China, according to a published report.

Air freight rates out of Asia slipped back 0.6 percent in May compared to the month before as carriers coped with plentiful capacity, according to the Drewry Air Freight Price Index.

Singapore Airlines Cargo will pay a $48 million fine after agreeing to plead guilty to charges the carrier conspired to fix air freight prices for shipments going to and from the United States.

China’s Chongqing airport plans to double cargo volume in the coming years as the Western China city advances efforts to become a major center for technology manufacturing.

Cargo traffic carried by Asia-Pacific airlines fell at the steepest rate in nearly two years in May, sliding 9.8 percent as carriers also reduced capacity for the first time since the end of the globa

Peruvian airline StarPeru is expanding into the cargo business beyond its niche passenger operations with the purchase of a BAe- 146QT freighter for regional shipping customers.

Sendai Airport in Miyagi Prefecture, northeastern Japan, reopened for international flights Thursday with the departure of a charter flight operated by Hi Fly, a Lisbon-based airline.

European Union competition regulators launched an investigation into the German government’s financing of Leipzig-Halle airport, DHL Express’s European cargo hub, to ensure it complies wit

International air cargo increased 12.0 percent to 44,182 at All Nippon Airways, the 20th consecutive month of growth for Japan’s second largest freight carrier.

The UK ordered UPS, the U.S. parcel delivery company, to stop screening shipments at some of its facilities in Britain because of security concerns.

Air Canada and the Canadian Auto Workers reached a tentative agreement Thursday, just hours after the federal government introduced back-to-work legislation.

The world fleet of freighters will double from 1,760 to 3,500 aircraft in the next 20 years, Boeing says in an upbeat forecast that raises estimates from a year ago on faster growth in the global econ

The Canadian government will legislate striking Air Canada staff back to work if management and the Canadian Auto Workers union do not reach contract agreement within 48 hours from Tuesday evening.