Air Cargo

AeroLogic, the new cargo airline jointly owned by Lufthansa Cargo and DHL Express, has taken delivery of its first Boeing 777 freighter.

Japan's Nippon Cargo Airlines, a subsidiary of Nippon Yusen Kabushiki Kaisha, resumed flights between Tokyo and New York for the first time in nearly 10 months.

Japan's two largest airlines saw their international cargo volumes nosedive in March amid the deep global economic downturn, according to their monthly reports.

Freight airline Air Transport Services Group shrugged off the large loss of revenue from downsizing DHL business to nearly triple its net profit to $11.1 million in the first quarter.

Lufthansa Cargo's freight traffic fell 26.7 percent in April from a year ago as slumping German exports triggered further steep declines on its key Asia/Pacific and Americas routes.

Iberia, the Spanish airline, unveiled an emergency package of capacity cuts and layoffs after it plunged into the red in the first quarter as revenue fell sharply on lower cargo and passenger traffic.

UPS sold the international network of Mail Boxes Etc. to Italy’s Fineffe Group.

Kintetsu World Express, Japan's second-largest international forwarder, said Tuesday it suffered steep declines in revenue and profit in its 2008 fiscal year ending March 31.

Japan Airlines Corp, Asia's largest air carrier, said on Tuesday that it suffered a net loss of $646.5 million on a consolidated basis in fiscal 2008, which ended on March 31.

Frankfurt airport owner Fraport AG reported net profit dived 27 percent in the first quarter from a year ago as freight traffic slumped at Europe's biggest air cargo hub.

Glenn Tilton, chairman and chief executive of United Airlines parent UAL, urged U.S.

Nippon Express, Japan's largest freight forwarder, said on Friday that it suffered declines in both sales and profit in fiscal 2008, which ended on March 31.

Expeditors International said its net profit fell 11 percent to $59.3 million in the first quarter as the global forwarder saw its total revenue fall 30 percent to its lowest level in four years.

UPS shareholders on May 7 elected a 10-member board of directors.

The airline industry’s main cargo group in North America is reaching out to freight forwarders by giving that industry a seat on the Cargo Network Services board.

Forwarder National Air Cargo is using its airline subsidiary to launch direct flights with construction materials from the United States to Afghanistan to supply the U.S. military.

The U.S. Postal Service lost $1.9 billion in the quarter ending March 31.

Germany's Deutsche Post DHL reported first quarter operating profit crashed 95 percent from a year ago mainly due to the cost of shuttering its U.S. domestic express delivery service.

U.S. airlines reported their worst quarter for cargo ever in the first three months of 2009, recording a 21.1 percent decline in traffic despite signs of growing demand late in the quarter.

The International Air Cargo Association elected Ulrich Ogiermann as its new Chairman.

Aircraft leasing company Atlas Air Worldwide Holdings earned a record profit of $23.4 million in the first quarter after deconsolidating subsidiary Polar Air Cargo Worldwide for reporting purposes.

UPS is boosting service in Asia by expanding its after market network of field stocking locations in India and establishing a post-sales customer support center in the Philippines.

BAA, the world's biggest airports operator, reported pre-tax losses in the first quarter widened from a year ago amid slumping freight and passenger traffic at its seven UK airports.

MAC Cargo Handling launched operations May 4.

As the global recession kept up the pressure on express and mail volumes, Dutch logistics giant TNT saw revenue decline 10.2 percent in the first quarter to $3.3 billion.

Shippers are expecting expedited pricing to take a sharp turn downward this year, and parcel carriers are working hard to prove them wrong.

Cargo traffic at London Heathrow Airport, Europe&rsquo;s third-largest freight airport, fell 14.6 percent in the first quarter compared to last year despite a slight improvement in business in March.<

Lufthansa lost $58.2 million in a first quarter that saw overall revenue dive more than 10 percent from last year and cargo traffic fall 21.3 percent, the German airline announced Thursday.

The Mexican government will shut down private business, including factories and transportation operations, for five days starting Friday as the country tries to halt the spread of the swine flu virus.

All Nippon Airways group posted its first full-year net loss in six years in fiscal 2008.

A Dutch airline executive for Martinair Holland will plead guilty, serve jail time and pay a fine in connection with a price-fixing conspiracy for international air cargo shipments, the U.S.

But for a loss of $57.9 million on fuel hedging, LAN Airlines would have pulled in operating income of $176 million, an 18.9 percent improvement over last year in the first quarter.

International air freight traffic fell 21.4 percent in March, a slight improvement from previous months but still the fourth month in a row the industry has fallen back by more than 20 percent.

Blue Dart Express, India's leading air express and logistics services provider, earned net profit of $2.4 million for the first quarter ended March 31, down 60 percent from $6 million for the previous

Freight traffic at Los Angeles International Airport, fell 20.8 percent in March compared to the same month last year, the eighth straight month of double-digit declines at the United States&rsquo; la

UPS is in talks with its pilots&rsquo; union over the possible furlough of some 300 pilots from the company&rsquo;s airline operation.

International express carriers are warning that a new Chinese postal law could curtail their own businesses in China.

Freight traffic for Asian airlines fell 21.6 percent in March from the same month a year ago but the carriers also saw signs in their busiest month so far in 2009 that the steep decline in cargo deman

Steep declines across all business segments sent UPS profit down 55.7 percent in the first quarter and the company announced new spending cuts to bring capacity in line with falling demand.

A new world of opportunity is opening up to freight forwarders in the area of air freight security, but forwarders must be aware of the risks as well as the profit potential in screening of outbound s