Air Cargo Forwarder News

Drewry Maritime Research’s East-West Air Freight Price Index rates slipped by 2.7 points in June to 94.3 points, bringing the index down to its lowest level since it was launched it May 2012...

Worldwide Express has been sold to a group of investors, including a significant investment from the management team.

Forward Air Solutions is preparing to occupy an 89,600-square-foot distribution facility at Port San Antonio’s industrial airport, Kelly Field, later this year.

Amsterdam Airport Schiphol handled 736,608 metric tons of cargo in the first half of 2013, rising 1.02 percent compared with the same period in 2012.

Blue Dart Express, India's leading air express and logistics services provider, reported a net income of $7 million in its fiscal 2013-14 first quarter, which ended June 30, flat compared to the profit in the same period of fiscal 2012-13.

Airlines for America reported yield in June for domestic cargo was $71.10 per revenue ton mile, down 9.9 percent year-over-year. Yield for international cargo was $34.40 per revenue ton mile, sliding 8.1 percent.

Forward Air reported its net income in the second quarter of 2013 was $13.8 million, falling 2.8 percent from $14.2 million in the second quarter of 2012.

A fire aboard a Boeing 787 Dreamliner airplane caused Heathrow Airport to close both its runways Friday afternoon.

In June, Fraport Group’s five majority-owned airports handled 205,119 metric tons of cargo, an increase of 1.9 percent from June 2012.

Total air freight traffic worldwide slid 0.4 percent year-over-year in May, as air freight continued to maintain a sluggish pace with virtually no growth in the volume of traffic worldwide...

GeoPost, a European express parcels delivery provider, has invested in DTDC, a domestic express courier company in India.

DHL’s hub at Cincinnati/Northern Kentucky airport joins DHL’s two other super-hubs in Leipzig and Hong Kong as the international gateways for air cargo trade in those regions. CVG (the symbol for the Cincinnati airport, which is actually in Kentucky) is the gateway for the transshipment of DHL cargo moving to and from Latin America and the rest of the world.

IAG Cargo has started offering Capacity Guarantee to customers moving smaller shipments on its Prioritise service, designed for express cargo shipments.

Air cargo operators in Asia are now finally seeing a few shafts of light after more than a year of gloom.

UPS has a new national master package contract, but Teamsters in many regions threw up roadblocks by voting down key supplemental agreements and a UPS Freight contract, forcing a new round of negotiations.

Dubai International Airport in the United Arab Emirates moved 209,985 metric tons of freight in May, increasing 11.9 percent from 187,638 metric tons in May 2012.

Airlines for America reported yield in April for domestic cargo was $73.05 per revenue ton mile, dropping 1.8 percent year-over-year, while yield for international cargo was $37.83 per RTM, sliding 0.2 percent.

The global courier and delivery services industry’s revenue is expected to rise 3.5 percent in 2013, according to an industry market research report from IBISWorld.

Total air freight traffic worldwide in April increased 1 percent year-over-year, although growth continued to be mixed across airports because about half of the world’s Top 20 air freight hubs registered declines for the month.

The Express Association of America, representing DHL, FedEx, TNT and UPS, has formed an export committee to manage policy issues affecting the efficiency of their supply chains that move products out of the U.S.

The European Union and Israel today signed an air transportation agreement that will gradually develop an aviation area with common rules.

Dubai International Airport in the United Arab Emirates moved 199,985 metric tons of freight in April, rising 7.3 percent from 186,385 metric tons in April 2012.

Singapore Changi Airport handled 145,600 metric tons of cargo in April, dropping 1.8 percent compared with April 2012.

The International Civil Aviation Organization has confirmed that it received a letter from Qatar advising the United Nations agency that it has decided to withdraw its earlier offer to become ICAO’s new permanent seat.

Cargo throughput at Hong Kong International Airport reached 342,000 metric tons in April, up 4.5 percent year-over-year.

Fraport, which operates Frankfurt Airport in Germany, handled 174,047 metric tons of cargo, including transit, in April, sliding 0.1 percent from April 2012.

Deutsche Post DHL’s profit edged 2.9 percent higher in the first quarter as strong growth in its international express and a boom in German parcel deliveries offset the impact of a weak European economy.

Incheon Airport handled 576,343 tons of cargo in the first quarter of 2013, down 3.2 percent from 595,367 tons in the first quarter of 2012.

Global air freight traffic continues to exhibit “signs of weakness” with an overall year-over-year decline of 1.0 percent in March, according to the Airports Council International.

Operators in the perishables sector of the global air cargo market are seeing gains while volume in other sectors has declined.

Dubai World Central handled 53,974 metric tons of freight in the first quarter of 2013, a 7.8 percent increase from 50,062 metric tons in the first quarter of 2012...

Nippon Express Co., Japan’s largest international freight forwarder, said on May 8 that its net profit sank 11.6 percent year-over-year in fiscal 2012, which ended on March 31, to 23.831 billion yen ($240.72 million) on a consolidated basis.

In the first quarter of 2013, cargo throughput at Germany’s Frankfurt Airport was about 493,000 metric tons, improving by 0.9 percent compared with the first quarter of 2012.

Hochtief is selling its airport division to Canada’s Public Sector Pension Investment Board for $1.95 billion, as Germany’s biggest construction company focuses on its core building business.

Total cargo tonnage for San Francisco International Airport fell 13.5 percent year-over-year in March to 28,724 metric tons, despite growth in U.S. mail cargo.

Cargo through Amsterdam Airport Schiphol rose slightly in the first quarter of 2013 to 366,269 metric tons, up 2.3 percent year-over-year.

Lambert-St. Louis International Airport reported its total cargo and mail volume for the first three months of 2013 was 37.3 million pounds, increasing 3.5 percent from the same period in 2012.

Qatar has presented the International Civil Aviation Organization with an offer to serve as the new permanent seat of the United Nations agency.