Air Cargo Forwarder News

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

DHL Express is adding flights connecting the U.S., Middle East and Asia, dedicating a new Boeing 747-400F to its intercontinental routes.

A DHL Express cargo plane crashed into the sea off the coast of Gabon on Monday, but the four crew members were rescued from the wreckage.

The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4 billion from an estimated $8.4 billion the industry group had projected jus

German logistics giant Deutsche Post DHL purchased Standard Forwarding, a five-state less-than-truckload motor carrier in East Moline, Ill.

The first of 48,000 Canadian postal workers launched a series of rotating city-area strikes in Winnipeg, Manitoba, Friday while their union and Canada Post planned last-ditch meetings for later in the

International air cargo traffic grew 5.4 percent in April but the gain lagged behind rapidly expanding capacity and behind growth in world trade, according to the International Air Transport Associati

EVA Airways agreed to plead guilty to conspiring to fix international air cargo prices and to pay a $13.2 million fine in the antitrust investigation that has produced criminal charges against some of

Shareholders of TNT today approved the de-merger of the Dutch company’s express and mail operations.

UPS will start initiate a weekly direct flight from Guam to Hong Kong starting in June, the latest in a series of routes the carrier has added during an expansion of Asia services.

Lufthansa finalized an order for five 777 freighters valued at $1.3 billion at list prices that will consolidate its position as Europe’s biggest cargo airline.

Struggling Japan Airlines posted a record operating profit of $2.33 billion in the 2010 fiscal year ending March 31 compared with an operating loss of $1.65 billion a year earlier but the carrier said

The U.S. Postal Service is putting new urgency on its bid for financial relief from Congress, saying its operations will be hit if the USPS runs out of cash this fall as predicted.

Spanish airline Iberia will start operating a 737 freighter between Madrid and Brussels in an upgrade to the carrier’s perishables “cool and fast” service.

Frankfurt Airport boosted cargo traffic 12.8 percent in April from a year ago to an all time high for the month as the German hub benefited from accelerating global trade.

DHL Express will modernize its fleet in Europe with the acquisition of 13 A300-600 passenger aircraft and conversion of the planes to freighters.

Hong Kong International Airport’s freight volume 6.2 percent in March over the same month a year ago as expedited shipping surged back following a demand downturn the month before.

The U.S.

Deutsche Post DHL increased first quarter operating profit 23 percent from a year ago to $906 million as strong growth in shipping volume, especially in Asia, sent revenue up 6.9 percent to $18.4 bill

FedEx Express is building a Southeast Asia hub operation in Singapore that will become the carrier’s second-largest facility in Asia after its main sorting operation in Guangzhou, China.

Alabama and other states nearby are trying to clear away debris that hampers transportation systems and to restore power to businesses and homes, following a devastating tornado outbreak this week tha