Air Cargo Forwarder News

FedEx and UPS have received approval to operate limited domestic service in China, giving the rivals access to a burgeoning multibillion-dollar market amid slagging global business.

United Parcel Service has delayed closing on its planned acquisition of Dutch rival TNT Express because European Union regulators have extended their probe of the $6.8 billion deal.

Fedex lowered its earnings outlook for the quarter ending Aug.

The fragile recovery in the air cargo market stalled in July, with traffic declining 3.3 percent from a year ago amid faltering business confidence in many key economies, according to the Internationa

The United Parcel Service on Tuesday opened its first logistics facility in Halifax, Nova Scotia, a key part of the parcel giant’s Atlantic Canadian expansion.

Philippine Airlines this week placed an order with Airbus for more than 50 single-aisle A321 and widebody A330-300s for roughly $7 billion.

DHL has opened a new logistics facility in India to support international time-definite delivery volumes.

Frankfurt-Hahn airport is facing insolvency without a government cash infusion, according to a key shareholder of Germany’s fifth-largest air cargo and freighter hub.

United Parcel Service is extending the offer period for its Dutch rival TNT Express from Aug. 31 to Nov.

Singapore Changi Airport recorded a 4.5 percent year-over-year contraction in cargo traffic last month despite a 4.6 percent increase in traffic movements.

BlueGrace Logistics, Riverview, Fla., increased its revenue 7,368 percent over three years to $63.6 million in 2011, making the Florida-based firm the fastest-growing logistics and transportation comp

The world’s largest freight airport saw a slight month-on-month increase in volume during July, but growth compared to 2011 remained negative.

Airport operator BAA has opted to sell London Stansted airport, ending a long-running legal battle to retain ownership of the U.K.’s second largest cargo hub.

FedEx Express is nearly doubling its “International Service” network by adding destinations in Australia, Austria, Brazil, Canada, Denmark, Japan, Luxembourg and Mexico.

Amsterdam Schiphol airport’s net profit fell in the first half but revenue increased as higher passenger numbers outweighed lower cargo traffic.

The U.K.’s Royal Mail’s announced its GLS European parcel delivery unit has teamed up with China’s ZJS Express to launch a China-Europe business-to-business service.

The release of an array of new high-tech gizmos, including the i

The Ramadan month of fasting and the build-up to this weekend’s Eid festivities have given air cargo operators a volume surge, according to one leading executive.

The looming $1.2 billion federal sequestration could cut nearly 2 billion pounds of air cargo capacity out of the U.S. network, according to a new study.

FedEx said it will offer voluntary buyouts to some U.S.-based employees, as the parcel giant works to cut costs as demand slows.

FedEx is facing a $681,200 fine after the Federal Aviation Administration on Wednesday accused the parcel giant of failing to properly document hazardous material shipments in August 2010.

The U.S.

Frankfurt airport operator Fraport AG’s first half net profit slumped 17.4 percent from a year ago to 86.9 million euros ($107 million) on high investment outlays and

Global economic uncertainty is hurting Asian economic growth but the long-term outlook for logistics providers is still bright, according to Brendan Canavan, the recently appointed president of UPS As

Cargo revenue at International Airlines Group, the merged British Airways-Iberia carrier, stalled in the second quarter as strong growth at the U.K.

When UPS last spring agreed to acquire TNT Express for $6.6 billion, the deal reverberated throughout global express and parcel markets.

TNT Express, the Dutch package delivery company being acquired by UPS, boosted second quarter operating profit by 67 percent to 77 million euros ($94.7 million) from 46 million euros ($56.6 million) a

International air freight carried by Asian airlines rose 4 percent in June compared to a month earlier, but traffic fell 0.8 percent year-over-year, according to the Association of Asia Pacific Airlin

C.H.

The United Parcel Service downgraded its outlook for the second half of the year after non-U.S. volume declined 3.2 percent year-over-year in the second quarter.

Cargo volume was steady at Singapore’s Changi Airport in June, but the arrival of a new carrier could boost cargoes in the coming months.

Starting in August, DHL Express will fuel 100 pickup and delivery vans in the U.S. with liquid propane autogas.

DHL has launched a new direct twice-weekly express flight from the U.S. to Australia.

The ailing U.S. Postal Service could save roughly $100 million annually by shifting more mail shipments from the highways to the rails, according to a report by its inspector general.

DHL Express opened its largest hub in Asia today (July 12), the latest step in the logistics major’s massive roll-out of new capacity across Asia’s key freight markets.

DHL will look to smaller “bolt-on” acquisitions rather than major takeovers to speed growth in the years ahead, according to Frank Appel, CEO of Deutsche Post DHL.

Global semiconductor sales in May rose 1.4 percent from the prior month, giving the struggling air cargo industry, which typically ships the foundation technology, a slight boost in the arm.

Total U.S. freight tonnage will grow 21 percent by 2023, as freight revenue rises 59 percent, the American Trucking Associations predicts in a new freight forecast.

The Global Air Cargo Advisory Group has warned regulators that national, ad hoc and impractical approaches to advance electronic information systems will undermine air cargo security and increase cost

Trucking operator Saia didn’t have to look far for a logistics company to buy — Robart Transportation