Air Cargo

Strong air cargo traffic out of Asia continued to lift Cathay Pacific volumes with August figures soaring almost 20 percent year-over-year and the Apple iPhone 6 launch expected to keep traffic high through September.

European shipping lines, ports and cargo airlines are bracing for a further loss of business and possible service interruptions as the Kremlin weighs its response to the latest EU sanctions over Russia’s role in the Ukraine conflict.

Three global funds will invest $700 million in XPO Logistics, accelerating the fast-growing company's acquisition plans for 2014.

Lufthansa Cargo saw traffic dip 1.1 percent in August from a year ago as an increasingly weak European market offset growth on reviving Asia-Pacific and North and South America routes.

The gap between the sluggish European air cargo sector and the resurgent global market looks set to widen with two of the region’s leading carriers posting declines in freight traffic in August.

The Civil Aviation Administration of China said it plans on liberalizing its air cargo market, but it’s not clear whether China will allow more foreign carriers to operate domestically.

The air cargo market is giddily awaiting tomorrow’s unveiling of Apple’s new iPhone 6 that when launched will create a spike in export traffic from the production city of Zhengzhou and add further lift to solid air freight volumes out of China.

Air France-KLM announced a major downsizing of its freighter fleet in the latest bid to return its cargo operation to profitability amid sagging global demand and increased competition from fast-growing Arab Gulf airlines.

A long-term shift from air to ocean freight by shippers looking to cut transport costs and willing to tolerate longer transit times may be slowing, according to recent comments from transportation executives.

Virgin Atlantic unveiled plans to boost its core trans-Atlantic passenger and cargo route network and axe flights to Tokyo, Mumbai, Cape Town and Vancouver in a bid to achieve “record levels of sustained profitability” by 2018.

Lufthansa Cargo and All Nippon Airways will soon launch joint freight services between Europe and Japan after obtaining antitrust approval in Japan.

Global air cargo traffic surged 5.8 percent in July from a year ago and likely will continue to increase in the coming months, driven by accelerating economic growth in key Asian markets, according to the International Air Transport Association.

Deutsche Post DHL will use India to pilot the development of its e-commerce business model for the Asia-Pacific region via subsidiary Blue Dart Express.

The air cargo industry has been battling declining market share for years as cost-sensitive shippers move long-haul cargo from air to ocean transport, but that trend may be coming to an end, PIL Managing Director Teo Siong Seng says.

Rising revenue at Air China in the first half was not enough to lift cargo yield into positive territory, and the mainland carrier struggled against stiff competition and a weakening RMB-U.S. dollar exchange rate.

A quarter of Vietnam’s trade by value is shipped by air, and the International Air Transport Association (IATA) expects the country to be the world’s fastest-growing air cargo market over the next three years, expanding at 6.6 percent a year.

Air freight pricing is stable for the moment, but with the holiday season on the horizon Drewry is predicting prices will shoot up in coming months.

Port San Antonio named a new president and CEO on Aug. 25, tapping a 25-year economic development veteran to lead the inland industrial development agency.

Iceland has downgraded the alert level for a volcano from “red” to “orange” after backtracking on a statement made on Saturday that a small subglacial lavel eruption had begun under the site.

Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.

There are increasing signs that an Icelandic volcano could erupt, potentially disrupting shippers transporting goods via the freighters and in the bellies of passenger planes — much like an eruption on the island did in 2010.

Shippers transporting goods via freighters and in the bellies of passenger planes flying in the northern European are closely watching an Iceland volcano, as many recall how a 2010 eruption on the island seriously disrupted shipments for days.

Hong Kong-flag carrier Cathay Pacific reported today that its group profit skyrocketed more than 14-fold in the first half of 2014 from a year earlier...

Air freight rates are steadily climbing as demand creeps upward, leaving airline heads optimistic about the second half of 2014.

Shanghai Pudong International Airport Cargo Terminals Co. Ltd (PACTL) reported 23 percent growth in air freight throughput in July year-over-year as strong demand from international markets continued.

The growth in global air cargo traffic slowed in June as a strong performance by Asia-Pacific and Middle East carriers was offset by declines in Europe and North and South America, according to the International Air Transport Association.

An increasing Asian appetite for live lobster is being met with a weekly shipment of live lobsters from Nova Scotia to South Korea.

China’s factory output and total new orders in July rose to their highest levels since March last year, improving the operating conditions of mainland manufacturers and supporting carrier predictions of third quarter container volume increases in the seasonal build up to Christmas.

IAG’s cargo revenue slumped more than 12 percent in the second quarter as the carrier exited freighters.

Lufthansa Cargo today posted another profitable quarter despite lower traffic and revenue, overcoming a weakening global air freight market that has trapped many of its leading rivals in the red.

Singapore Airlines had a bad start to its financial year, ending the first quarter with earnings down 70 percent as yields weakened in the face of intense competition from regional and Middle East airlines.

ANA Holdings Inc.’s international cargo revenue surged nearly 20 percent year-on-year in the first quarter of fiscal year 2014.

More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.

DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.

Blue Dart Express, India’s leading air express and logistics services provider, reported its net profit fell 16 percent in the first fiscal quarter.

Japan Airlines Corp.’s group net profit tumbled 19.4 percent in the first quarter of fiscal 2014.

AirBridgeCargo Airlines, Russia’s largest scheduled cargo carrier, plans to add more routes and boost frequencies of existing services over the next six months after traffic soared 16 percent to an all-time high in the first half of the year.