Lufthansa Airlines is being called out by the FAA for allegedly going behind its back to operate at two U.S. airports without approval. Agencies don’t like it when someone tries to deceive them.
Government wrestles with options to keep state-owned carrier aloft
Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across […]
Integrated logistics services provider Tasco, a subsidiary of Yusen Logistics and an NYK Group company, has reported flat second quarter revenues and costs but a surge in net profit. Its six month figures don’t look so great though and equities analysts are disappointed.
Airline unit to add aircraft and develop logistics platform
Government mulling options as rescue bid stalls
Logging onto an air cargo web site to book space for your shipment is so 2010s. Forwarders and airlines looking for speed and efficiency are plugging directly into each other’s systems to match loads.
New joint venture replaces separate agreements
Proposed loan may run afoul of EC rules on state aid
Italian state railway balks at government’s failure to agree a deal
More substantive talks could ensue in the four-year-old labor saga between Atlas Air and its pilots’ union after a federal appeals court ruled the union must abide by arbitration procedures.
Demand could pick up next year, but U.S. elections are one of multiple potential pitfalls delegates at TIACA’s 2019 Executive summit heard this week.
Memorandum of understanding inked on Nov. 20
Traffic volumes emanating from Turkey are robust
API, or application programming interface, may soon become a common three-letter word in the air cargo space by making the booking experience similar to shopping on Amazon.
Uni-Top expected to restructure
Atlantia charges that conditions for investment not met
U.K. airport seeks to become Heathrow alternative
CHICAGO – After transforming its under-performing passenger operation over the past decade into one of the best managed and profitable global carriers, Delta Air Lines [NYSE: DAL] is now focused […]
Air India schedules investor meetings
Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.
U.S. carrier remains firm with 10% offer
Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may slow.
Loss-making flag carrier plagued by high operating costs, fuel prices, currency exchange and older fleet.
Shippers will have more reason to “luv” Southwest Airlines when they get the same treatment as passenger baggage for tracking cargo with bar codes.
Although air freight prices have been edging upwards, sources suggest the 2019 peak season might be short-lived.
Airline and union reach truce
Latvian airport to double cargo handling capacity
Initiative includes boosting air cargo revenue
Boeing 737 MAX will return to commercial service at Southwest and American in March.
The latest statistics from airlines and airports reinforce what we already know: The air freight market is in a protracted recession. But filtering the data for seasonal fluctuations paints a […]
Low-cost carrier fended off rivals IAG, Wizz Air and Virgin Atlantic
Carrier moved 27 temperature-controlled containers on single flight
Canadian airlines, already facing a pilot shortage, now face higher labor costs associated with new pilot work rules.
Uncertainty around trade wars and Brexit have been the biggest drags on air cargo markets this year, but Steven Polmans is an optimist.
Airline is first Asian carrier to adopt platform
Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines […]
New service to begin in March 2020
Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com’s Prime network and other […]
Air cargo shipments may be delayed
GE [NYSE: GE] on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will continue as head of GE […]
Hamburg Airport has joined a roster of European airports adopting digitalization of cargo handling
UPS operates first revenue drone flight for CVS, carrying drugs to customers
North America has surpassed North Asia (China) as EXPD’s highest revenue region.
Acquisition strengthens IAG’s position in South American market
Story updated 11/42019, 2:45 p.m. Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to C$39.1 million ($29.7 million) compared to the same […]
Logistics real estate developer ESR Cayman (HK: 01821) roared into public life on Friday when it floated on the Hong Kong Stock Exchange. It was the second-biggest IPO of the year in Asia.
Royal Schiphol Group may acquire controlling interest in Cargonaut
American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase […]
Warehouse robotics market expanding quickly
Cargo revenue down for 3Q and nine months
Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development
Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its […]
Platform addresses lack of delivery options in the Philippines
U.S. freight forwarders have increasingly embraced canines as part of their technology-driven air cargo security programs.
Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.
Investment will fund a new facility at DHL Express gateway at Hamilton International Airport to accommodate growing volumes.
Business is “Amazon-proof”
Biesterfeld: “We expect that North American routing guides will continue to reset at lower prices.”
Airline’s Pacific and Atlantic routes hardest hit as trade wars continue to take a toll on air freight volumes and yield.
Delta Air Lines [NYSE: DAL] has teamed with on-demand delivery company Roadie to launch a door-to-door, cross-country shipping service for time-critical goods such as medical equipment, and automotive and industrial […]
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
Struggling flag carrier seeks to offload strategic stake
Expansion of airport is key component of the Qatar Airways expansion plan
Foreign exchange expenses, Hong Kong unrest and trade war impact freight revenue
Carrier reports record operating and unit revenues
Correction: The story has been updated with correct figures for cargo revenue. The original story said cargo revenue increased 9% to $60 million, but that line item covers cargo and […]
Logistics investments are core assets for Norwegian oil fund
Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor […]
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
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
