Air Cargo Carriers News

UPS officials say they have seen "minimal" resistance from shippers in raising prices for domestic package services so far in 2011.

UPS’s profit soared 66 percent in the first quarter to $885 million, and the parcel giant issued a glowing outlook for the full year on Tuesday, raising its earnings projections 24 percent to record a

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Cargolux is in talks about the sale of a stake to a strategic investor amid reports Qatar Airways wants to acquire a minority shareholding in the European all-cargo carrier.

Heathrow airport cargo workers are voting Monday on strike action in a dispute over the use of agency staff and new labor contracts.

Cargo volume at London Heathrow Airport slipped 1.9 percent in March, the second year-over-year decline at the gateway in the past four months.

Lufthansa Cargo boosted freight volume 17.8 percent in March from a year ago as sharply higher German exports and strong growth in the Americas extended the recovery at Europe’s largest cargo ai

TNT, the Dutch mail and express company, said it will proceed with plans to spin off its express division in May despite a

All-cargo carrier Nordic Global Airlines will begin operations with long haul MD-11 freighter flights from Europe later in the year.

Cargolux swung to a net profit of $59.8 million in 2010 from a $153.3 million loss in 2009 to end a three year losing streak that pushed Europe's largest all-cargo airline to the brink of bankruptcy.

The UK launched an investigation into how a fake bomb, disguised as a wedding cake box, was transported undetected on a UPS aircraft to Turkey earlier this month.

UPS launched four additional direct flights from Hong Kong to Europe, expanding its next-day delivery coverage for packages and heavy freight.

Several German shipping lines suspended calls at eastern Japanese ports, including Tokyo, because of fears crews could be exposed to radiation from the damaged

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

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.

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

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.

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

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.

Lufthansa Cargo boosted freight traffic 17.5 percent in January from a year ago.

Active CC Boxes has opened a depot Frankfurt, Germany, to handle its Kodiak™ reusable shipping containers, cutting repositioning costs for shippers and the company.

A big gain in domestic package business along with tight cost controls drove UPS to its strongest profit in four years in 2010, a $3.49 billion net profit that was 62.1 percent better than the year be

Freighter operator Southern Air named Robert L.

Korean Air, the world’s largest international freight airline, said Thursday its cargo revenue grew 1.9 percent in 2010 to $863 million, and it will meet the improving market with increased capacity i

Cargolux said Wednesday it will appeal the European Union’s $109 million fine for participating in an international price fixing cartel, making the all-cargo carrier the second airline to formal

Atlas Air Worldwide Holdings will add two 747-400 freighters to its agreement with DHL Express, sharply raising capacity on trans-Pacific routes.

The Transportation Security Administration wants to complete a network of international agree

Cargoitalia, the Italian all-cargo airline, will launch an MD-11 freighter service between Milan and Atlanta on Feb. 2.

Apparel was at the forefront of the low-cost, outsourced manufacturing revolution, and the business of making shirts in South Asia and sweaters in Central America only got cheaper in recent decades, h

It would be hard for the global air cargo business to grow any faster in 2011 than it did last year.

Global air cargo growth slowed sharply in November to the lowest level of the year, but volume still matched the pre-recession levels of early 2008, International Air Transport Association said.<