Air Cargo

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

Freight traffic for European airlines fell in April at its sharpest rate yet, a 22.9 percent drop that signaled the downturn for air carriers is getting deeper.

TNT Express extended its European road service into four former Eastern bloc countries, the company announced Monday, taking a big step toward integrating the entire continent in its expedited network

The Paris Air Show opened Monday with subdued optimism.

Jet fuel prices in New York soared an average of 17.2 cents, or more than 10 percent, the first week of June to the highest levels so far in 2009, according to the U.S.

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

U.S. airlines burned 7 percent more fuel in March and April than in the first two months of the year. But the cost of that fuel increased only 1 percent as prices slid significantly in March.

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.

Qantas will launch an Australia-New Zealand air cargo service this month with a 767 freighter operation leased from U.S.-based Air Transport Services Group, the airline announced Tuesday.

Air France-KLM, Europe's biggest cargo airline, said its freight traffic stabilized in May after steep declines over the past six months.

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.

Japan's two largest airlines saw their international cargo volume fall in April on a year-on-year basis amid the deep global economic slump, according to their monthly reports.

Singapore Airlines’ cargo division lost $168.7 million in its 2009 fiscal year as freight demand plummeted in the three months ending March 31.

TNT, providers of express and mail delivery services, launched the first-to-market and only integrated road network across South America, linking Argentina, Brazil and Chile.

FedEx will take some $1.2 billion in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses, the company announced

Members of Southwest Airlines Pilots' Association voted against ratification of a new contract with the company by a margin of not quite 51 percent.

London -- A British private investor group, CVC Capital Partners, offered $3.3 billion for a 30 percent stake in Royal Mail, the UK's state-owned postal company.

Economic recovery will occur when consumer spending turns around, unemployment bottoms out and the business inventory-to-sales ratio improves, but that will take awhile, according to the chief economi

UPS acquired a company that has been acting as its agent for small package delivery in Slovenia since 1991.

Babcock & Brown Air Limited , a global lessor of commercial jet aircraft, repurchased $20 million principal amount of its securitization notes for $10 million in a privately negotiated transaction

Air Transport Services Group’s subsidiary ABX Air completed a lease agreement with its principal customer, DHL.

The steep slide in air freight business showed new signs of leveling off in April as tonnage at Los Angeles International Airport fell at its slowest rate in six months.

Frankfurt airport is ending short time working at its cargo unit amid signs the six month slump in freight traffic is bottoming out.

Lufthansa Cargo will shift its technical stopover point for Asian flights.

New Zealand-based forwarder Mainfreight expanded its net profit 2 percent in the year ending March 31 to $25.5 million despite a weak performance from its recently acquired U.S. operation.

International air freight fell 21.7 percent in April as the pace of decline in expedited shipping accelerated around the world.

Cargoitalia this week took delivery of the first of three MD11SF freighters. The Italian all-cargo airline is preparing to re-launch under the new ownership of ALIS.

The U.S. House of Representatives passed the Federal Aviation Administration reauthorization bill yesterday, including a provision making it easier for the Teamsters union to organize FedEx.

Airlines and labor unions alike are hoping new Federal Aviation Administrator Randy Babbitt can bring new energy to an agency that has been losing altitude.

London -- British Airways crashed to a record pre-tax loss of $630 million in fiscal 2008/2009 from a record profit of $1.45 billion in the previous year.

Emirates airline’s parent company said its profit slid 72 percent in the year ending March 31 as the global downturn hit even the financially strong Middle East carrier.

FedEx Express agreed to use a cold chain system provided by CryoPort Systems for frozen shipments for the life science industry.

Delta Airlines and Air France-KLM on May 20 launched a trans-Atlantic joint venture they expect to generate annual revenue of more than $12 billion serving more than 400 destinations in Europe and Nor

Air France-KLM, Europe’s biggest airline by revenue, reported its cargo business plunged to a $284 million loss in fiscal 2008/2009 from a $53.4 million profit in the previous year amid slumping

U.S. industrial output fell 0.5 percent in April from March, leaving it 12.5 percent below April 2008, the Federal Reserve said.

The recession is pulling planes out of the air and airlines are consequently using far less jet fuel.