Air Cargo Forwarder News

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

The Drewry Air Freight Price Index for rates out of Asia fell 9.3 percent in July from the month before to its lowest level since February as the market felt the impact of weak demand and plentiful c

The terrorists attacks of September 11 forced the U.S. government to take a closer look at not only the security risks facing their airspace, but at its ports, railroads and highways as well.

China will need 5,000 new commercial planes valued at $600 billion by 2030 as the country becomes the second-largest aircraft market after the U.S., aircraft manufacturer Boeing said Wednesday.

FedEx Express, in a significant expansion of its Asia operations, opened its largest express facility in China.

The international air cargo market is stagnating, with traffic shrinking 0.4 percent in July from a year ago and capacity far outstripping demand, said the International Air Transport Association.

Aeroports de Paris expanded first half net profit by almost 31 percent to $259 million, but the French airport operator said upheavals in North Africa and an asset sale will cut into earnings the rest

Purolator International, moving to double its footprint in the United States, said it plans to open three more branch offices in the U.S. this year after opening seven facilities since January.

U.S.

The operating company that runs Singapore Changi Airport says it earned a $278 million profit in the fiscal year ending in March, helped by a 13 percent gain in revenue that was pumped up by a growing

Freight traffic for Asia-Pacific airlines fell for the fourth straight month in July, a 4 percent decline that has air carriers viewing the rest of 2011 with growing pessimism.

An improved market and extra capacity boosted Qantas Freight’s earnings before interest and taxes by 48 percent year-over-year to $62 million in the financial year ending June 30.

UPS named Jim Barber, a 26-year veteran of the company, as its new president of the European region, which also encompasses the Middle East and Africa.

Tonnage through Taiwan’s Taoyuan International Airport in the first half of the year fell 6.7 percent year-over-year to 817,433 metric tons.

Saudia Arabian Airlines agreed to pay $14 million to settle a class action lawsuit accusing the airline of conspiring with other carriers to raise freight rates between 2000 and 2006.

Air cargo forwarders who operate security screening facilities are questioning a proposed fee increase for government background checks of employees.

The Transportation Security Administration issued its final rule on U.S.

The cash-starved U.S. Postal Service began negotiations Thursday with two unions representing nearly 250,000 workers amid plans to slash the postal work force more than 20 percent.

The European Union-South Korea Free Trade Agreement that went into effect July 1 is already boosting FedEx cargo demand.

Hong Kong International Airport‘s cargo handled fell 6.1 percent in July, marking the five consecutive month of decreased year-over-year freight handling.

International cargo volume growth at All Nippon Airways accelerated in June, grew 8.7 percent over the same month last year after expanding 2.1 percent in May.