U.S. workers ratify labor deal with Air Canada
Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of the results by the union […]
Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of the results by the union […]
Delta Air Lines [NYSE: DAL] is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines, according to a prospectus filed […]
Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.
Updated 6:32 p.m. Aircraft maker Boeing [NYSE: BA] is reporting sharply lower earnings for its fiscal third quarter as the company deals with the grounding of its new 737 MAX […]
Tie-up offers more options between Europe and China
Boeing Company’s stock [NYSE: BA] has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that a former Boeing test pilot […]
Privatization effort in 2018 failed to attract a single bidder
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
Freight flows in and out of Japan may again be disrupted owing to the presence of ex-Typhoon Neoguri, located to the south east of Osaka, which is dumping huge amounts of rain onto a waterlogged Japan. Meanwhile, out in the far reaches of the Philippine Sea, near the Guam island group, Typhoon Bualoi is also lining up to threaten Japan.
UPS expands drone operations, healthcare and e-commerce services
Air cargo charter operations are unusual in India
The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities […]
Chapman Freeborn unit targets freight forwarders
The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.
Japan’s freight industry is set for a downturn on the back of declining economies in the U.S., China and the Eurozone, new research reveals.
Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft […]
Probable investors Atlantia and FS seek concessions
Cabin crew union in dispute over pay and pensions
IAG Cargo partners with Cargo Signal
Air Canada said Wednesday that it has removed the Boeing 737 MAX from its flying schedule until February 14 because ongoing regulatory uncertainty could cause problems as it launches a […]
Condor cargo operations will be business as usual
September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
Large aircraft are included on the list of $7.5 billion worth of European imports that will be subject to new U.S. tariffs starting Oct. 18. That means U.S. airlines with […]
Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding.
The next FreightWaves Live event has added air cargo to the range of topics discussed, with a variety of expert speakers who can help attendees understand factors influencing today’s market. […]
British Airways parent commits to ambitious emissions reduction goal
Carrier also offers integrated parcel service
Big air trade drops with major trading partners leaves industry looking for backfill
The Boeing Co.’s [NYSE: BA] board of directors late Friday afternoon replaced Dennis Muilenburg as chairman with independent director David Calhoun, but kept him in place as chief executive officer. […]
Business plan is murky for reincarnated carrier
Facility marks initial phase of ambitious plan to double capacity
Half of all commercial aircraft are accessed from lessors
Updated: 3:41 p.m. Correction: Cargo revenue dropped 17%. Representing $37 million less, not 37% drop. Delta Air Lines’ cargo revenue dropped 17% to $189 million in the third quarter and […]
American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. […]
The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. […]
Deal is clone of Airbus-Bombardier tie-up
A rare stake in an Australian airport has hit the market.
Commercial airplane deliveries at The Boeing Co. [NYSE: BA] nose-dived by two-thirds in the third quarter compared to the same period in 2018 and by almost half year-to-date, according to […]
St Louis Lambert Airport is seeking an investor
The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may be aimed at strengthening its road business.
Colombia-based passenger and cargo operator raising cash
The Southwest Airlines Pilots Association on Monday sued The Boeing Co., [NYSE: BA]claiming the manufacturer engaged in fraud and that the grounding of the 737 MAX by regulators is costing […]
Private equity firm plans to revitalize Manston Airport.
Swissport has launched a global initiative to speed up air cargo handling processes at its cargo warehouses by introducing newly developed self-service via kiosks. Swissport’s cargo business at Brussels Airport […]
Union pilots at Atlas Air authorized to form own local
An AN-12 freighter made an emergency landing Friday morning (Oct. 4) about a mile short of Lviv International Airport in Ukraine, killing five people, the State Emergency Service of Ukraine […]
The outlook for the global economy has deteriorated significantly due to escalation in the U.S.-China trade war, according to Fitch Ratings’ Global Economic Outlook (GEO). The credit rating agency forecasts […]
Unable to raise cash to continue operating, Slovenia’s flag carrier has ceased operations
The transfer of production out of China to avoid U.S. tariffs of up to 25% is having a tangible impact on global trade flows.
UPS is adding infrastructure capacity for its airline to keep up with demand for Next-Day air volume.
WTO green-lights $7.5 billion of tariffs
Tel Aviv is the carrier’s latest destination
[Editor’s Note: The photo has been updated to reflect a plane currently in service] Delta Air Lines’ [NYSE: DAL] cargo volume fell 10.5% in September to 167.8 million freight ton […]
With Thomas Cook in liquidation, lucrative take-off and landing slots are highly prized
Truck drivers trying to make deliveries to and from cargo warehouses at Los Angeles International Airport on Wednesday could experience delays from labor protests scheduled to occupy portions of surrounding […]
SpiceJet cargo unit aims for listing
Taken by themselves, recent safety concerns with Boeing aircraft might be seen as part of normal checks and balances. But in the wake of the 737 MAX accidents, any safety question is receiving extra public scrutiny.
Brandon Fried, executive director of the Airforwarders Association, believes U.S. Customs and Border Protection must step up engagement with his industry to boost its participation.
After two unsuccessful bidding rounds, France’s second largest airline has entered liquidation
Air and ground express firm DHL Express announced September 27 a 5.9% general rate increase on shipments moving to and from the U.S., effective January 1, 2020. The increases are […]
The Italian government is begging U.S. major Delta Air Lines to up the proposed acquisition of a 10% stake in Alitalia for $100 million to at least 15%, according to a report in Italian media.
Leipzig-Halle-based cargo carrier is allowed to operate
Cool Chain partners are changing their mindsets
Investment bank Jefferies warns of unexpected consequencies to WTO Airbus subsidiary decision
Antonov Airlines is seeking to build on its already robust business of moving satellites
Delta is making a big play for Latin America, a region that is close to its base and where it sees the most growth potential and return on investment.
Delta Air Lines [NYSE: DAL] plans to take a 20 percent ownership of LATAM Airlines [NYSE: LTM] with a $1.9 billion investment in the Chilean-based airline that positions it to […]
Asset investment manager acquires a 45% stake in Liverpool John Lennon Airport
Transparency has become something of a buzzword in the logistics industry, and that is exactly what Hangar A hopes to provide shippers with its new SaaS-based solution.
“Flight shaming” campaigns failed to recognize that airlines only account for 2 percent of global carbon emissions.
No short-term relief for cargo congestion at LAX is coming from infrastructure upgrades, so companies are looking at process improvements to speed up cargo hand-offs.
Customs and Border Protection officers in the Kentucky port of entry seized counterfeit Cartier bracelets and other jewelry between July and September, resulting in an importer’s arrest.
Flexport’s head of airfreight believes a small bump in demand out of Asia could result from new U.S. tariffs, while higher fuel prices will push up air cargo costs.
Antiquated infrastructure, rising cargo volumes and poor logistics coordination are hindering efficient cargo transfers at L.os Angeles International Airport, raising costs for stakeholders.
A subsidiary of the Malaysia Aviation Group has launched a halal logistics service.
The U.S. Department of Agriculture agency looks forward to receiving import documentation through Customs and Border Protection’s International Trade Data System.
A dispute over slots may force Kalitta Ait to exit Schiphol Airport
Amazon to open its 7th fulfillment center in Ontario, Canada with a 1 million square foot building in Toronto
U.S.-based freighter operator Kalitta Air may be forced to exit service at Amsterdam Airport Schiphol, a key European hub for 15 years, over an ongoing dispute about take-off and landing […]
France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU
Through the continued development of automated processes, U.S. Customs and Border Protection foresees the day when paper export manifests will no longer be necessary.
In a wide-ranging speech, the deputy director-general of the WTO, Alan Wolff, sets out the challenges and issues for the body. But he’s generally optimistic on the future of world trade.
After several days of dithering in the Philippine Sea, tropical storm Tapah (also called Nimfa) has transformed into a typhoon. It has also started accelerating towards southern Japan and Korea.
Airbus has elevated its 20-year demand forecast for all-cargo aircraft, saying the market will need 2,800 specialized units to handle growth in international trade and e-commerce, 400 more than it […]
In wake of poor q1 results and a massive decline in share price, questions arise as to whether FedEx’s issues are cyclical or structural
FedEx posts lousy fiscal q1 results but insists that the long-term outlook remains bright
The recent acquisition of freight forwarder and logistics specialist Panalpina by DSV marks one of the few M&A deals that have occurred in the market over the last several years.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
DP DHL open s innovation center for Americas, the third center in its global network
Hanjin KAL, controlled by the Cho family, remains the largest shareholder in Korean Air.
Aviation Capital Group is the 11th-largest aircraft lessor globally and is being acquired for approximately $3 billion.
German air carrier set to lift ban by next week.
DB Schenker’s head of Americas says uncertainty arising from events such as the U.S.-China tariff war means shippers will increasingly need to source from multiple countries and adjust inventory.
Amazon.com Inc. (NASDAQ:AMZN) has transferred flying responsibility for two leased Boeing 767-300 freighters from Atlas Air Worldwide to Air Transport International, a charter airline owned by Air Transport Services Group […]
The Justice Department has asked the express carrier’s lawsuit to be dismissed, stating that it should be up to Congress and not the court to decide if the Export Administration Regulations apply.
The Australian carrier has taken delivery of two B747-8 freighters to be operated by Atlas Air.
Amazon Air to begin flying at Dallas/Fort Worth regional hub next month
A Convair CV-440 cargo plane crashed outside Toledo Express Airport in Ohio Wednesday (Sept. 11) morning, killing the two people on board, according to the Ohio State Highway Patrol. The […]
U.S. Customs officers at Los Angeles International Airport recently confiscated 28 counterfeit National Basketball Association championship rings with a retail value of $560,000, the agency said Sept. 11. The officers […]
DHL Supply Chain partners with load-matching platform Convoy, becoming the first 3PL to do so