Watch Now

Air Cargo

Eric Kulisch Thursday, January 23, 2020

DB Schenker cuts logistics jobs tied to Boeing 737 MAX

DB Schenker, the freight transportation and contract logistics arm of German rail operator Deutsche Bahn AG, is the latest company to feel the downstream effects of the shutdown of Boeing Co.’s 737 MAX production line. Schenker Inc. in Wichita, Kansas, notified the state this week that it plans to lay off 255 workers, according to […]

Read More »
Eric Kulisch Tuesday, January 14, 2020

Delta beats 2019 profit estimates, sets revenue record

Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to the same periods in 2018, a small blip in an otherwise upbeat earnings report. Delta (NYSE: DAL) reported that fourth quarter adjusted earnings per share grew 31% to $1.70 year-over-year, […]

Read More »
FreightWaves Staff Friday, January 10, 2020

FAA proposes $9.3 million in fines against Boeing, Southwest

For the second time in five weeks, the Federal Aviation Administration is proposing a multi-million dollar penalty against Boeing for allegedly installing improperly manufactured components on the wings of some of its 737s. The latest penalty proposal, announced by FAA late Friday afternoon, is $5.4 million for allegedly installing noncomforming slat tracks on approximately 178 […]

Read More »
FreightWaves Staff Monday, January 6, 2020

FAA monitoring Middle East situation for safety risks

The U.S. Federal Aviation Administration said Monday, Jan. 6 that it is closely monitoring events in the Middle East “to identify potential risks to civil aviation safety.” FAA’s statement comes in the wake of a U.S. drone attack early Jan. 3 in Baghdad that killed Iran’s top military commander, Gen. Qassem Soleimani. “We continue to […]

Read More »
Eric Kulisch Friday, January 3, 2020

Hong Kong tourism decline impacts air cargo capacity

The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways.  A two-day occupation of passenger terminals at Hong Kong International Airport (HKIA) in August didn’t physically impact cargo facilities or freighter-dominant carriers, and the airport quickly resumed […]

Read More »