Air Cargo Forwarder News

FedEx Trade Networks opened its first office in South Africa, and added offices in Italy and Turkey, as the air and ocean forwarder expands its network outside of the U.S.

Senior Democratic members of the House Homeland Security Committee on Monday criticized the Transportation Security Administration for not meeting a December deadline to screen 100 percent of cargo ar

Global semiconductor sales fell 1.7 percent year-over-year in September, leaving the foundation technology industry down 2.7 percent in the third quarter, according to figures released by the

The contraction in the global air cargo market continued for a fifth consecutive month in September, with traffic falling a further 2.7 percent from a year earlier on sharply lower Asian shipments, th

TNT Express is eyeing more cost cuts after profit in the third quarter

All Nippon Airways reported a 72.1 percent gain in group net profit in the first half of its 2011 fiscal year on Friday that included a 10.4 percent increase in revenue from international cargo operat

UPS cut its air capacity out of Asia 10 percent during the recent third quarter amid a deep slowdown in demand, and carrier officials said Tuesday they are poised to adjust space again based on market

UPS reported a 5.1 percent gain in net profit in the third quarter on Tuesday, to $1.04 billion, as pricing and efficiency gains offset weak volume in a “muted growth environment.”

FedEx, showing strong confidence in U.S.

Air freight moving through Hong Kong fell 6.1 percent year-over-year in September, the seventh straight monthly decline and a lackluster start to the peak fall shipping season.

Lufthansa Cargo is canceling up to three weekly freighter flights to and from China, re-routing other services through Cologne and re-scheduling North American operations in an emergency response to t

Cargo traffic for European airlines fell 1.5 percent in to its lowest point in six months in August as the economic woes across the continent took a toll on international trade.

Japan’s All Nippon Airways’ international cargo volume fell for the first time in two years in August on a year-on-year basis, declining 2.5 percent to 38,125 tons.

Cargo carried by Cathay Pacific Airways and Dragonair contracted for the sixth straight month in September as demand for

Operators at Bangkok’s Suvarnabhumi International Airport said they are ready to divert flights and close terminals if

Frankfurt airport in September handled 5.3 percent less freight than a year ago and London Heathrow’s cargo traffic shrunk 3.7 percent, highlighting the accelerating slowdown in the global air c

Lufthansa Cargo carried 5.1 percent less freight in September than a year ago, in contrast to a significantly smaller decline at Air France-KLM and a slight increase at IAG, the merged British Airways

Struggling Japan Airlines said that its international cargo volume dropped for the 15th successive month in August on a year-over-year basis, plummeting 54 percent to 18,815 tons.

Ferrovial cut its stake in BAA to below 50 percent, in a deal valuing the operator of London Heathrow, Europe’s third largest cargo airport, at about $7.4 billion.

Air France-KLM’s cargo traffic in September dipped 3.4 percent year-over-year as a steep decline on the Asia-Pacific network outweighed a small increase in Americas traffic.

Philippines Airlines’ cargo business resumed last weekend after one of the country’s largest cargo carriers completed the outsourcing of its operations.

The Drewry Air Freight Price Index for international rates out of Asia fell 10.1 percent in August compared to last year, but the recent dive in pricing showed signs of leveling off as the measure rem

TNT Express issued a profit warning this week because of weak demand on Asia-Europe routes, the continued losses in the Americas and rising cost inflation in its key Chinese market.

Ethiopian Airlines became the first African customer for the 777 freighter, placing an order for f

A European Union scheme compelling all airlines to pay for carbon emissions on flights to and from the 27-nation bloc from next January is legal, the EU’s highest court said in a preliminary opi

International Airlines Group, the owner of the merged British Airways-Iberia carrier, boosted cargo traffic in September by 1.6 percent year-over-year as the Spanish airline’s growth compensated

Cargolux is expected to take delivery this month of its first 747-8 freighter after settling a contract dispute

The downturn in the global air cargo market accelerated sharply in August with traffic shrinking 3.8 p

Treasury Secretary Timothy Geithner toured the UPS Worldport air hub at Louisville, Ky., Monday, as part of the Obama administration’s push for an infrastructure investment program to spur the e

Japan’s Sendai Airport restarted regular international flights on Sunday, more than six months after the devastating tsunami

Strong performances by its package delivery and industrial trucking divisions gave FedEx lift lacking i

FedEx’s net profit rose 22 percent to $464 million in its June-August quarter, but the world’s largest air cargo carrier lowered its earnings expectations for the rest of the year, citing

Air Canada, the country’s largest carrier, said Tuesday it’s modifying about 10 percent of its flights to mitigate the impact of an anticipated flight attendant strike on Wednesday, accord

The International Air Transport Association cut its 2011 forecast for global air cargo revenue to $67 billion from a $72 billion estimate in June, due to stagnant volume and

Korean Air says a sharp drop in electronics exports out of South Korea sent the airline’s cargo traffic down 8.4 percent in the second quarter from the same period a year ago.

Weak demand from Europe and the U.S.

UPS’s $200 million investment at Cologne/Bonn Airport will upgrade and expand its European hub’s handling ability by nearly three-quarters.

Deutsche Post DHL will invest $1 billion in its domestic German parcel delivery service to keep pace with surging online shopping.

UPS will increase revenue 6 to 8 percent annually through 2016 and raise earnings 10 to 15 percent during that period, company executives said Thursday.

UPS is gearing up for what it expects to be one of its strongest ever holiday peak shipping seasons, and is rolling out enhanced residential service to help consumers manage the delivery of goods more