Air Cargo

Air Transport Services Group’s profit in the second quarter rose 24 percent to $12.3 million, as the freighter operator leased more aircraft and received higher jet fuel reimbursements.

President Obama unveiled on Tueday a $510 million federal investment program to help develop advanced biofuels that can be used by commercial and military ships and airplanes.

Cargo tonnage at London Heathrow Airport fell 1.5 percent in July, the airport’s third straight year-over-year, but a seasonal uptick also gave the British gateway its busiest month for freight

The Department of Transportation’s payments to states for finished stimulus projects reached $30.4 billion as of Aug.

The Japanese economy shrank 0.3 percent in the second quarter of this year from the preceding quarter, or at an annualized pace of 1.3 percent, in real terms, the government said in a preliminary repo

Hong Kong International Airport‘s cargo handled fell 6.1 percent in July, marking the five consecutive month of decreased year-over-year freight handling.

The U.S. Postal Service on Friday said it is considering laying off some 120,000 employees, about 21 percent of its work force, as it faces a second year of losses totaling more than $8 billion.

International cargo volume growth at All Nippon Airways accelerated in June, grew 8.7 percent over the same month last year after expanding 2.1 percent in May.

The Transportation Department’s Freight Transportation Index rose 2.6 percent in June, the index’s largest month-to-month increase since November 2009.

Cathay Pacific Airways will buy eight 777-200 freighters to be delivered between 2013 and 2016 as the Hong Kong-based carrier expands its fleet and phases out older aircraft.

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

Yusen Logistics (Americas) added management of its transportation division to the responsibilities of Michael Noone, the logistics company’s executive vice president and chief operating officer.

Kintetsu World Express, Japan’s second-largest international forwarder, said its net profit doubled in the first quarter of fiscal 2011, which ended June 30, from a year to $30.6 million on a co

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

Transportation stocks took a deep dive on Wall Street on Monday, riding a huge selloff in response to the downgrading of U.S. debt that sent the Dow Jones Industrial Average down 635 points.

The U.S. Postal Service lost $3.1 billion in its third fiscal quarter ending June 30, deepening the Postal Service's financial woes as it gets closer to running out of cash.

Falling demand in the Asia-Pacific region pulled cargo traffic at Air France-KLM down 2.7 percent in July.

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Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.

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.

Nippon Express, Japan’s largest international freight forwarder, posted a net profit of $69.7 million on a consolidated basis in its fiscal first 2011 ending June, compared with a

Spot market air freight rates out of Asia slipped back to the lowest level in three months in June, falling 2.6 percent from the month before, according to the Drewry Air Freight Price Index.

U.S. Transportation Secretary Ray LaHood blasted the U.S.

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.

President Obama on Tuesday urged Congress to quickly settle differences on aviation legislation to unblock air construction projects, and to pass legislation on trade pacts and an infrastructure bank

Atlas Air Worldwide Holdings’ net profit fell 27.2 percent in the second quarter to $23.8 million on higher fuel costs and a 38 percent drop in commercial charter business in an

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

All Nippon Airways lost $107.7 million on a consolidated basis in the fiscal first quarter ending June 30 despite strong increases in international and domestic cargo revenue.

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.

Yusen Logistics, the logistics arm of Japanese shipping group NYK Line, will appeal an anti-monopoly ruling by the Japan Fair Trade Commission to the Tokyo High Court.

Yusen Logistics's net profit plunged 59.2 percent in its fiscal first quarter ending June 30 from a year earlier to $6.1 million on a consolidated basis despite a significant boost in revenue.

Amsterdam Schiphol Airport boosted freight volume 5.2 percent year-over-year in the first half of 2011, driven mainly by freighter traffic.

Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) lost $91.68 million on a consolidated basis in the first quarter of fiscal 2011, which started on April 1, compared with a net profit of $294.79

International Airlines Group, the carrier formed by the merger of British Airways and Spain’s Iberia, increased first half cargo revenues by 16.7 percent from a year ago, driven by higher traffi

An Asiana Airlines freighter carrying lithium-ion batteries crashed early Thursday en route from Inchon, South Korea, to Pudong, China, after the crew reported a fire on board.

Global air traffic declined 3 percent in June from a year ago, reflecting the air freight industry’s losing of market share to other transport modes, the International Air Transport Association

Lufthansa Cargo posted an operating profit of $191.5 million in the first half of 2011, just 7.6 percent down from last year’s record $207 million profit.

Air France-KLM’s cargo unit slipped to a $20.2 million operating loss in the three months through June from a $15.8 million profit a year ago, as the Japanese earthquake and tsunami snapped supp

Work stoppages are spreading among aviation construction projects across the country and construction workers are being sent home, due to a continuing fight in Washington over funding the Federal Avia