Air Cargo Forwarder News

The International Air Transport Association cut its forecast for global airline profits in 2012 by $500 million

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

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

Public less-than-truckload carriers posted a slight operating profit in 2011 after three years of operating losses.

DHL said the $47 million expansion of its U.S. hub at the Cincinnati/Northern Kentucky airport will provide parcel customers with an extra 193,000-square-feet of capacity.

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.

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

UPS has named Jeff McCorstin vice president of international air and ocean freight transportation services.

International air cargo traffic has stabilized after a year-long slump despite an 8.1 decline in January volume, which was caused by the closing of factories during the Chinese New Year holiday, the I

International Airlines Group’s freight revenue in 2011 grew 8.6 percent from a year ago to $1.6 billion, as the Anglo-Spanish carrier increased traffic in a declining global air cargo market.

Hong Kong Airlines has bowed to pressure from customers and animal welfare groups to stop transporting live dolphins.

Hong Kong Airlines is refusing to stop transporting live dolphins captured in Japan despite public uproar over its involvement.

China plans to build the world’s largest cargo airport near Beijing in a $4.8 billion project due for completion in late 2017.

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

TNT Express, the Dutch express delivery company in takeover negotiations with UPS, plans to refocus on its core European market, trim international operations, and reduce its freighter fleet to stem r

TNT Express rejected an unsolicited takeover offer of roughly $6.4 billion from UPS, but the Dutch delivery firm said discussions with the parcel giant are ongoing, according to reports.

UPS recently acquired Kiala, a Brussels-based provider of goods bought on the Internet, as the parcel giant attempts to tap growing e-commerce in Europe.

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.

FedEx Express is expanding its freighter service between Asia and the Middle East through India, speeding up shipment transit times by up to two days for connections from the Indian subcontinent to th

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

Air freight rates for Asia outbound shipments rose 4.6 percent in January over the same month a year ago, the first year-over-year increase in Drewry’s Air Freight Price Index in 15 months.

Hong Kong International retained its title as the world’s largest air cargo gateway in 2011, despite a decline in volume resulting from Asia’s slowing exports.

Etihad Crystal Cargo is reaping the benefits of added capacity in a growing Middle East air freight ma

Lufthansa Cargo’s freight traffic tumbled 11.4 percent in January from a year ago amid a weakening global economy that threatens further declines over the coming six months.

Global air freight volumes declined by 1 percent last year, but traffic could improve quickly this year if the overall economic situation improves, according to Airports Council International.

Air France-KLM blamed a weak global economy and the timing of the Chinese New Year for cargo revenue slumping 10.3 percent in January from a year ago.

China barred its airlines on Monday from joining the European Union’s new carbon trading scheme that will charge airlines for carbon emissions for flights to and from Europe.

Japan Airlines posted a $1.92 billion net profit of on a consolidated basis in the first nine months of fiscal 2011, which started on April 1, 2011, after the carrier emerged from bankruptcy and withd

After five years and 23 extensions, authorization of Federal Aviation Administration operations could clear Congress as early as this week.

BAA must sell London Stansted, the U.K.’s second largest air cargo hub, after a court rejected the airport operator’s appeal against a ruling by anti-trust regulators.

Global air cargo traffic increased in December on a month-to-month basis for the second straight month, but yields remain under pressure, the International Air Transport Association said.

Cargo volume at Dubai International Airport fell 1.5 percent last year, the first year-over-year decline at Dubai since the site pushed into the upper echelons of the

UPS reported a record $1.22 billion net profit in the fourth quarter that was 9.3 percent better than the same quarter the year before and came on healthy gains in U.S.

All Nippon Airways’ net profit fell 10 percent in first nine months of fiscal 2011, which ended June 30, despite revenue expanding 3 percent at Japan’s largest airline in the same period.

Asian air carriers shipped 5.4 percent less freight last month than in December 2010, as the traditional end of the year peak season failed to materialize, said the Association of Asia-Pacific Airline

Throughput at Kong Kong International Airport in December fell 4.3 percent year-over-year, pulling annual traffic down 4.6 percent at the world’s largest cargo airport.