Air Cargo

Air Transport Services Group, the main provider of air services to DHL in the United States, lost $64.2 million in the fourth quarter as DHL withdrew from domestic air express service in the United St

FedEx is holding billions of dollars worth of business – and jobs – over the heads of Congress and the Obama administration by conditioning future aircraft purchases on keeping its parcel

Purolator USA, a provider of cross border logistics services, named Martin Flanigan, a 20-year business and financial services veteran, as the company’s new director of finance and administratio

London -- DSV, Scandinavia's biggest trucking and logistics company, reported 2008 net profit gained 15 percent from a year ago on strong growth in ocean and air freight volumes and a one off gain on

London -- The world's airlines face losses of $4.7 billion this year as the deepening global recession shrinks cargo and passenger revenues, the International Air Transport Association said.

Israel Aerospace Industries' Bedek Aviation Group delivered a 737-400 Bedek Special Freighter Configuration on March 15 to General Electric Commercial Aviation Service.

Standard & Poor’s assigned one of its highest investment grades on UPS debt as a result of its stable cash flow and strong position in ground parcel delivery market.

A FedEx cargo plane crashed and burst into flame on landing at Tokyo’s Narita International Airport early Monday morning.

Giving up on the American Dream could turn out to be one of Frank Appel’s smartest moves.

President Obama said he plans to nominate Robert S.

Aer Lingus appointed Remo Hanselmann head of cargo. He will be responsible for the development and targeted expansion of Aer Lingus’ cargo division.

London -- Lufthansa Cargo warned March 19 it might ground more freighters and extend shorter hours for pilots and ground workers if global freight traffic keeps falling.

The Japan Fair Trade Commission fined 12 international freight forwarders a total of approximately $94.7 million for forming a cartel to raise air cargo charges.

London -- BAA, the world’s biggest airports operator, must sell London Stansted airport, one of the UK’s top freighter and express hubs.

FedEx earnings plunged in the company’s fiscal third quarter as a result of the global recession.

New York’s John F.

London -- France's freight transport system faces paralysis on March 19 as longshoremen, railroad workers, truckers and air cargo handlers join a 24-hour general strike to protest against President Ni

Business is very slow for manufacturers in New York, according to the Empire State Manufacturing Survey.

Industrial production, a key measure of shipping demand, fell 1.4 percent in February, according to a report from the Federal Reserve.

The economy and efforts to tighten transportation regulation are colliding together in Congress.

Net income at Aeroports de Paris fell 15.3 percent from a year ago, and the French airports group on March 12 scaled back its earnings guidance for 2009 amid falling passenger and freight traffic.

London -- Deutsche Post World Net on March 11 unveiled a new strategy that focuses on fusing its freight forwarding, supply chain logistics and express delivery businesses under the DHL brand.

Cargo traffic at Frankfurt airport in February tumbled more than 25 percent from a year ago as the global economic downturn hit Europe's biggest air cargo hub with severe impact.

London -- Lufthansa, Europe's second largest airline, on March 11 reported cargo earnings rose more than 20 percent in 2008 from a year ago but warned revenue and profits will shrink in 2009 as freigh

Japan's two largest airlines saw their international cargo volume continue to nosedive in January amid the deepening global economic slump.

London – Lufthansa Cargo on March 10 reported freight traffic in February tumbled 24.9 percent from a year ago as the deepening global recession slashed shipments on its Americas and Asian route

DHL, the world's leading express and logistics company, said on Tuesday that senior financier Taketo Yamakawa will become the new head of DHL Express Japan, effective on April 1.

London – The cargo unit of Alitalia, Europe’s seventh largest air freight carrier last year, is about to be sold, the bankruptcy administrator of Italy’s national airline said.

London – Frankfurt airport, Europe’s biggest air freight hub, on March 9 will cut hours for around 500 cargo workers amid steep and accelerating declines in traffic volumes.

London – Lufthansa, Europe’s second largest airline, idled four freighters as part of a plan to cut capacity by 20 percent amid an accelerating decline in traffic across its global network

A leading freight transportation analyst warned March 9 he is cutting his volume and earnings estimates under a “deep recession, no recovery” U.S. forecast for all of 2009.

Parcel carrying giant FedEx is bitterly complaining after the House Transportation and Infrastructure Committee approved a bill March 5 that could make it easier for unions to organize its drivers.

Atlas Air Worldwide Holdings, parent Atlas Air and majority shareholder of Polar Air Cargo, named Edward J. McGarvey vice president and treasurer.

London -- Air France-KLM, Europe’s biggest airline, on March 6 reported cargo volume in February crashed 18.5 percent from a year ago led by steep declines on its key Asia/Pacific and Americas r

Cargo traffic for U.S. airlines fell at the steepest rate since September 2001 in January, falling 21.3 percent as the carriers saw their worst month for cargo in nearly seven years.

London – Fraport AG, the owner of Frankfurt airport, forecast earnings and revenues will fall in 2009 as the global recession cuts traffic at Europe’s biggest air cargo hub.

Trans Global Logistics named Bill Ip director of freight and logistics, China North region.

LONDON – TNT, Europe’s second largest express delivery company, is emerging as a strong favorite to acquire a strategic minority stake in Britain’s state-owned postal service amid a

After two years, Schenker completed the integration of BAX Global operations and its own business within the United States.

Hankyu Express International, a major Japanese air freight forwarder, has set up an Indian subsidiary to strengthen its services in the South Asian nation.