UPS downshifts flight activity as volumes deteriorate
UPS is adjusting its air network to minimize wasteful flying while shipping volumes are weak.
UPS is adjusting its air network to minimize wasteful flying while shipping volumes are weak.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Gol Airlines in Brazil will have five all-cargo aircraft in its fleet by next month operating in a dedicated service for a large online retailer.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.
Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
Nothing is normal in logistics and the power shift in the game of supply and demand has shifted back to the shipper.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Gary Chicago airport is building a massive apron for freighter aircraft that UPS will only partially occupy. Build it and others will come is how officials think about it.
Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
FedEx is shrinking its network of pilot bases in an effort to cut costs. The move follows a recent decision to transfer a major maintenance facility at LAX airport to Indianapolis.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
A shipment of gold and other values was pilfered at the Toronto airport in Canada this week and police have few leads so far.
WestJet can’t catch a break when it comes to starting its new cargo airline. Service began Thursday but could shut down in less than a month if pilots go on strike.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
DHL Express is ordering nine passenger-to-freighter conversion aircraft to modernize its large fleet.
Air cargo professionals hope demand has hit bottom and will start to improve soon, but there could be further downside if some barometers are true.
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”