Air Cargo Forwarder News

FedEx Express, lining up its global services to meet increasingly cost-conscious shipping, announced new deferred international services Monday for its small parcel and freight delivery services.&nbsp

The U.S. Postal Service ended its third fiscal quarter June 30 with a net loss of $2.4 billion as cost cutting failed to keep pace with falling revenue.

Cargo revenue at Taiwanese carrier EVA Air plunged 51 percent in the first half of this year as falling Asian exports cut the airline’s freight traffic by nearly a third.

All Nippon Airways lost $307 million in the April-June quarter, compared with a group net profit of $69 million a year earlier.

British Airways swung to a net loss of $175 million in the fiscal first quarter from a $44.6 million profit in the same period in 2008 and warned of tough trading conditions for cargo and passengers t

On the surface, at least, domestic parcel shipping looked remarkably strong at UPS amid the U.S. economic wreckage.

A government audit says the financial viability of the U.S. Postal Service is at high risk as the USPS struggles to keep up with declines in mail volume reaching billions of pieces a year.

Air France-KLM said Thursday it will ground four freighters after losing $277 million on its cargo business in the three months ending June 30.

UPS on July 13 launched ground service for small packages from Mexico to the United States.

TNT’s net profit dived 60.5 percent to $115 million in the three months ending in June, the fourth consecutive quarter of year-on-year decline.

Air France-KLM's freight revenue plunged 41.5 percent in the fiscal first quarter as the carrier's cargo unit bears the brunt of the global economic downturn.

An ABX Air freighter taking off for New York from the Wilmington, Ohio, Air Park this morning, became the last aircraft operating from the airport that had once hosted the United States’ No.

TNT on Thursday opened its expanded and re-modeled International and Domestic Operations Centre in Ho Chi Minh City.

UPS saw its net profit fall 49 percent in the second quarter, to $445 million, and the company said it expected the economy that has cut deeply into shipping demand to remain just as weak in the comin

Lower revenue and bad debts pushed profit in the second quarter down 71 percent for Deutsche Post DHL. The world's biggest logistics company warned of tough market conditions ahead.

Global logistics provider Aramex joined Cargo 2000, taking advantage of the quality management system for the global air freight industry provided by the industry group within the International Air Tr

UPS said Friday it did not pay for support from a conservative group that was reported to have solicited donations from FedEx in the package carriers’ legislative battle over labor law.

British Airways on July 17 announced it will raise more than $1 billion in cash to survive “the biggest crisis the aviation industry has ever known.”

A major conservative interest group asked FedEx for a $2 million to $3 million donation in exchange for the group’s backing in a legislative battle with UPS, according to a published report Friday.

London - The UK government scrapped controversial plans to partially privatize Royal Mail, the state-owned postal company, citing "market conditions."

Cargo traffic at Miami International Airport fell 19.4 percent in May as the slide in freight business at the key Latin America gateway got deeper, the airport reported.

Freight traffic for Asian airlines fell 18.6 percent in May from the same month last year, but the business showed signs of life with a slight improvement from the month before.

UPS debuted a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turke

The Toll Group, the Melbourne, Australia-based provider of integrated logistics services, will expand its Asia-based express courier business with the acquisition of three Asia-based international exp

Polar Air Cargo Worldwide named former DHL Express executive Thomas Murphy to the position of chief operating officer.

London -- Lufthansa, Europe's second largest airline, on June 22 said it will acquire control of BMI British Midland next month after agreeing to an out-of-court settlement with the majority sharehold

Lufthansa Cargo and DHL Express gave downbeat assessments of prospects for the global air cargo market June 19 as they officially launched their joint cargo airline, AeroLogic.

Shipments of personal computers, hit by a steep decline in shipping by onetime industry leader Dell, fell 8.1 percent worldwide in the first quarter, according to a report released Friday.

Cargo traffic at Brussels Airport plunged 41.3 percent in May as one of Europe’s largest hubs faced a rapid rush of freighter business from the airport.

FedEx reported an $876 million net loss in its fiscal fourth quarter ending May 31 on Wednesday but company chief Frederick Smith said he believes the economy likely appears to have reached the bottom

Only global trade will pull the economy out of recession, but the framework for global trade will have to change, says the chairman and CEO of transportation giant UPS.

Frankfurt airport, Europe's biggest air cargo hub, reported the six month long decline in air freight traffic slowed significantly in May, providing further evidence the global air cargo market has st

The Paris Air Show opened Monday with subdued optimism.

Boeing is cutting back its forecast for air cargo growth over the next 20 years because of the global economic downturn but still expects the world’s freighter fleet to expand by more than 1,300

Cargo handled by Hong Kong International Airport’s top freight handler edged up 1.8 percent in May from April in a slim sign of improvement at the world’s largest international freight air

A key government measure of U.S. freight shipping fell to its lowest level in seven years in April, the government reported.

Lufthansa reported the six month long plunge in cargo traffic leveled out in May, mirroring the experience of its close European rivals Air France-KLM and British Airways.

FedEx is going after UPS directly in an aggressive new campaign the express carrier launched Tuesday against efforts to make the company a more ready target for unions.

UPS and the Independent Pilots Association averted an immediate furlough of 300 UPS pilots through voluntary cost-cutting programs identified by the IPA that could save $131 million over the next thre

The world's airlines will collectively lose $9 billion in 2009, almost double the forecast less than three months ago, according to the International Air Transport Association.