Air Cargo Forwarder News

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.

The U.S.

Air freight rates out of Asia slipped back 0.6 percent in May compared to the month before as carriers coped with plentiful capacity, according to the Drewry Air Freight Price Index.

Singapore Airlines Cargo will pay a $48 million fine after agreeing to plead guilty to charges the carrier conspired to fix air freight prices for shipments going to and from the United States.

Pharmaceutical giant Merck is giving UPS a bigger role in its international business, including key emerging markets such as China and Brazil.

China’s Chongqing airport plans to double cargo volume in the coming years as the Western China city advances efforts to become a major center for technology manufacturing.

Global air cargo traffic fell 4 percent in May from a year ago but was up 1.2 percent on April, the International Air Transport Association reported.

Cargo traffic carried by Asia-Pacific airlines fell at the steepest rate in nearly two years in May, sliding 9.8 percent as carriers also reduced capacity for the first time since the end of the globa

Peruvian airline StarPeru is expanding into the cargo business beyond its niche passenger operations with the purchase of a BAe- 146QT freighter for regional shipping customers.

FedEx Freight returned to profitability in its last quarter after completing the merger of its long-haul and regional less-than-truckload operations.

FedEx increased revenue 12 percent in the quarter and 13 percent in the fiscal year that ended May 31, reporting total annual revenue of $39.3 billion.

The U.S. Postal Service stopped taking mail bound for Canada as a strike by Canada Post workers moved into its second week with no signs that it would end anytime soon.

The UK ordered UPS, the U.S. parcel delivery company, to stop screening shipments at some of its facilities in Britain because of security concerns.

UPS took another step toward reducing its environmental footprint by installing a rooftop solar array on its Lakewood, N.J., facility, completing a project that will provide a significant portion of t

Canada’s national postal service is shut down today because of a company lockout, as Canada Post abruptly sent home its 50,000 workers in what appears to be an attempt to force back-to-work legi

The UK’s Royal Mail reported operating profit slumped 78 percent to $63.6 million in the 2010-2011 financial year from $293 million in the previous 12 months as mounting losses in letters and pa

UPS Freight is cutting transit times between Western Canada and U.S. markets by at least one day, speeding cross-border shipments from Vancouver.

International air freight rates out of Asia edged up to the highest point in six months in April, according to the Drewry Air Freight Price Index, which showed average pricing growing 5.7 percent from

TNT Express launched a dedicated 767 freighter service between India and Europe, claiming the added capacity will consolidate the Dutch company’s market leadership in Asia-Europe express deliver

Qatar Airways acquired a 35 percent strategic stake in Cargolux, Europe’s biggest all-cargo airline, on Thursday taking a major step toward its goal of becoming one of top players in global air

The International Air Transportation Association named former Cathay Pacific chief executive Tony Tyler to replace Giovanni Bisignani as head of