Delta Air Lines’ cargo revenue retreats in soft freight market
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
Four former executives at Polar Air Cargo were indicted on charges of defrauding the company through an elaborate kickback scheme.
Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
Ireland-based cargo group ASL Aviation is expanding to Australia with the acquisition of a FedEx contract carrier.
Lufthansa Cargo is building up a fleet of regional cargo jets to support express carriers in Europe and North Africa.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Birmingham airport in Alabama welcomed the first regularly scheduled 747 freighter organized by logistics provider Kuehne+Nagel.
Air France-KLM and French all-cargo carrier CMA CGM Air Cargo are combining forces to attract customers and better utilize their assets.
Freighter operator Amerijet is moving back-office functions from Miami to Trinidad and Tobago.
Delta Air Lines is putting more resources into temperature-controlled cargo services because they pay off.
Milwaukee airport wants to redevelop a former Air Force reserve base into an air cargo hub. Officials believe they can capture some shipments from Chicago O’Hare airport.
WestJet can’t seem to catch a break getting its new cargo airline off the ground. It had to postpone the fleet launch another month, and the conversion facility is taking longer than expected to complete the final aircraft.
Cathay Pacific has been tied down by COVID health restrictions much longer than most airlines. The cargo network is getting a big boost as long-haul passenger aircraft rejoin the fleet.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Shipping line NYK says operating Nippon Cargo Airlines is too expensive and plans to sell it to another Japanese carrier.
Amazon Air is growing and refining its air cargo network, but at a more gradual pace because of the slowdown in online shopping.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
DHL Express recently began cargo flights out of a $55 million cargo facility at Felipe Angeles International Airport in Mexico City.
After rushing to add capacity, Maersk’s in-house cargo airline is hitting the pause button on new routes because of sharply lower shipping demand.
Without Lufthansa Cargo’s strong results last year, the Lufthansa Group of airlines would have lost money.
Global logistics provider Kuehne+Nagel wants to avoid bottlenecks at big cargo airports by sending freighters to Birmingham, Alabama.
Sichuan Airlines is taking the unusual step of carrying out cargo conversions of Airbus A321 aircraft on its own.
Freighter operator Amerijet is rationalizing its business by terminating a south Florida air and ocean logistics business it owns.
Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
Atlas Air took a profit cut in the fourth quarter, but comparisons with 2021 weren’t good because it was a record year financially.
Air Canada is investing heavily in its dedicated cargo operations at a time when freight rates are slumping.
EgyptAir has two interests in 737-800 freighters: flying them and rebuilding cargo versions from used passenger jets.
Finnair got creative redefining aircraft characteristics for the A350 jetliner so it could carry more fuel, cargo and people on long Asia routes.
El Servicio Postal de EE.UU. dice que no necesita más transporte aéreo entre las islas hawaianas
Aloha Air Cargo is seeking to change an unusual federal limit on its fleet size so it can deliver more mail between the Hawaiian Islands.
Chicago Rockford is moving into the major leagues of cargo airports with big expansion plans and the arrival of a global ground handling agent.
In the inaugural Moving World Report, UP.Partners dives deep into what drives today’s mobility industry — and examines what’s holding it back.
Air Transport Services Group will see its Amazon business dip this year as the retailer decreases freighter utilization to match slower retail sales.
Burrell Aviation has named an ex-Southwest Airlines director to lure cargo airlines to properties it controls at second-tier airports.
Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.
GoFreight, a startup freight shipping platform for small and midsized freight forwarders, recently raised $23 million in a Series A round.
Hawaiian Airlines faces some headwinds in 2023, including some extra temporary costs to prepare for new business flying freighters for Amazon.
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
Air Canada is sticking with a Canadian, Jon Turner, as cargo chief after two Americans in that position left in recent years.
Amazon is still investing in its air cargo network despite cost cuts elsewhere in the company. Next up: India.
A new contract for pilots at Hawaiian Airlines is setting the bar for all-cargo carriers above traditional industry leaders even though the carrier has never flown freighters before.
United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.
Two Chinese logistics companies have started their own airlines and now have expanded their routes within China, and internationally.
Delta Air Lines carried more than $1 billion in cargo below passengers’ feet last year, setting a company record.
Swissport, a large cargo handler at Chicago O’Hare airport, has finally complied with the city’s requirement for a labor peace agreement, ensuring uninterrupted cargo flow.
A private investment group is rolling up large chunks of land at smaller airports to develop air cargo facilities.
Alliance Ground International has agreed to give a major union access to workers at its O’Hare airport cargo facilities, averting a potential suspension of operating rights.
Jason Berry was key to getting Air Canada’s new-and-improved cargo unit off the ground but isn’t sticking around to see it reach cruising altitude.
The city of Chicago is pressuring cargo agents at O’Hare airport to make a deal with a powerful union. If they don’t, significant cargo backlogs could occur.
Las aberturas de los aviones de carga ultraligeros permiten cargar envíos de gran tamaño.
Specialized freighters with nose cones that open are helping National Airlines and its sister logistics company capture more oversize business.
Making money was more difficult for the air logistics sector in 2022, but the future remains bright.
This year, FreightWaves Classics took a look back at some of history’s most interesting stories in freight, logistics and supply chains. These are the articles that readers found most engaging.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
Las conexiones directas con los compradores logísticos y los mercados en línea ofrecen más flexibilidad
Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.
Air Canada is beefing up ground infrastructure as it develops a new fleet of freighters able to raise transport reliability for logistics customers.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
Japan Airlines will fly freighters for Yamato Transport, which needs airlift to supplement a shrinking pool of truck drivers in Japan.
China Southern Airlines has joined the Freightos air cargo booking platform. It’s the first time an airline in China has participated in an online freight market.
Air Canada is once again offering horse transport thanks to the addition of freighter aircraft to its fleet.
FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
The air cargo industry is upset about a Dutch proposal to reduce aircraft slots at Amsterdam airport because it would cut into freight traffic.
RwandAir is becoming a combination carrier, adding a freighter airline to its traditional passenger operation.
Lufthansa’s cargo division has expanded service to Vietnam.
A weaker-than-normal shipping season is hurting Cathay Pacific Cargo’s ability to recover from the pandemic.
Canada’s WestJet plans to start flying cargo jets next year after a frustrating wait to get the planes registered.
Amazon is expected to fight a new effort by workers at its air cargo hub in Northern Kentucky to form a union.
Mediterranean Shipping Co. is moving up plans to inaugurate its air cargo airline, offering service between North America, Europe and Asia.
United Kingdom sanctions put CargoLogicAir on verge of going out of business.
Amazon has rented a new air cargo facility in New Hampshire and launched daily freighter service to shorten delivery times.
Toronto Pearson airport is looking for ways to support more cargo business, starting by converting an old office park.
Burrell Aviation has made a speculative investment at Colorado Springs Airport aimed at attracting air cargo companies.
Silk Way West Airlines, a growing cargo operator based in Azerbaijan, and Alaska Airlines on Thursday signed contracts with Boeing for two freighters apiece — but that is where the […]
An international trade group settles on Miami as the regular location for its semiannual air cargo expo.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Cargojet is better protected from an economic downturn than airlines handling general air cargo because of e-commerce and deep partnerships.
Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.
Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.
Leasing companies are going bonkers converting used aircraft for cargo. As demand for air cargo cools, there could be a glut that lowers shipping rates.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.
Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.
Most of the commentary from management teams is pessimistic about the macroeconomy.
A pair of trade associations wants the government to provide up to $5 billion to support massive redevelopment for cargo activity.
Hawaiian Airlines will begin operating Amazon Air’s largest cargo jets on the retailer’s biggest shipping lanes next year.
The air cargo market’s deceleration this year had a greater impact on third-quarter cargo revenues at American Airlines than its primary rivals, Delta and United Airlines. But the best revenue […]
United Airlines continues to deliver strong cargo results each quarter even as global trade softens.
Aerospace engineering firm Mammoth Freighters hasn’t built one converted freighter yet but is already adding capacity to meet demand.
Airbus is establishing a for-hire cargo airline using super-jumbo jets that previously hauled aircraft fuselages and tails for its own supply chain.
Delta Air Lines’ cargo division had a Goldilocks third quarter: not too cold and not too warm.
Thursday was a busy day for aircraft conversion deals, with leasing companies placing deposits to get passenger aircraft changed into freighters.
Cargolux is sticking with Boeing over Airbus for replenishing its 747 freighter fleet. On Wednesday, it ordered 10 modern 777-8s.
Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.