Air Cargo Forwarder News

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.

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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.

Cathay Pacific Airways’ profit fell 59 percent to $359.6 million in the first half of the year compared to the same period a year ago, as less demand from China and inflationary fuel prices drag

Freight traffic for European airlines fell 0.6 percent in May as weaker demand in Asia gave the carriers their first year-over-year decline in cargo in nearly two years, according to the Association o

Fraport AG, the operator of Frankfurt airport, reported 22 percent profit growth in the second quarter from a year ago, as freight traffic at Europe’s top cargo hub hit an all time high.

Japan Airlines posted a net profit of $162.8 million on a consolidated basis in its fiscal first quarter ending June 30 as the restructuring carrier cut its fleet and reduced services.

Deutsche Post DHL more than tripled its net profit in the second quarter from a year ago to $368.9 million, driven by strong growth in express deliveries across Asia and the emerging markets of Africa

TNT Express reported an 8.1 percent drop in second quarter adjusted operating profit, as higher fuel and wage costs, declining Asia shipments and losses in Brazil outweighed a strong performance in Eu

Freight moving through Hong Kong International Airport tumbled 7.6 percent in June as the world’s largest air cargo gateway saw its weakest export volume in five months.

Amsterdam Schiphol Airport boosted freight volume 5.2 percent year-over-year in the first half of 2011, driven mainly by freighter traffic.

MultiPack, formally Servicios Nacionales Mupa, has trucking, express package and warehousing operations across Mexico.

UPS began daily service from its major European hub in Cologne, Germany, to growing Chengdu, China, as the package-delivery giants expands its reach into inland China.

Turkish Cargo, Turkish Airlines’ freight division, began a weekly A310 freighter service between Istanbul and Bud

Debate over a proposal to reduce a U.S. program that subsidizes rural air service is the latest battleground in Capitol Hill’s partisan warfare.

FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with new aircraft, trucks and tractors.

Frankfurt airport’s cargo traffic fell 6.4 percent in June from a year ago due mainly to slightly lower Asian shipments.

U.K. competition regulators are expected to order airport operator BAA next week to sell London Stansted Airport, the country’s second largest cargo hub, within 18 months.

The Federal Aviation Administration is proposing a civil penalty of $689,800 against FedEx for allegedly violating

Air France-KLM’s cargo traffic fell 2.8 percent in June from a year ago as demand weakened amid political turmoil in Africa and the Middle East and the aftermath of Japan’s natural disaste

DHL is starting a weekly less-than-containerload ocean service from New York Harbor to Durban, South Africa.

DHL is dropping its attempt to build domestic express delivery services in China, according to a published report.