FedEx and UPS have recently announced job reductions as part of ongoing efforts to streamline operations and boost profits.
Maersk teamed up with FreightWaves to better understand how shippers are navigating the current air cargo environment. The duo surveyed representatives of a wide range of companies about their experience over the past year, as well as their expectations about the future.
My Freighter, a fledgling carrier based in Uzbekistan, began leasing a third widebody freighter from Ohio-based Air Transport Services Group.
Delta Air Lines has named Peter Penseel, currently at Ceva Logistics, to head Delta Cargo.
A DePaul University report says Amazon’s air logistics unit is increasing efficiency by adopting a hub-and-spoke operating system for its cargo jets and airport locations.
Silk Way West Airlines is buying another 777 freighter from Boeing.
Bad blood between factions in the FedEx pilots’ union is making it difficult to present a unified position in collective bargaining with the company. Some hard-liners are turning against leadership and pushing for a strike to get better terms.
You’re familiar with the term “when pigs fly.” But what about a whale? Airbus flies a fleet of cargo jets that have an uncanny resemblance to a beluga whale.
Ongoing efforts to stabilize finances at Amerijet appear to have cost Chief Commercial Officer Eric Wilson his job.
Airbus for years has operated whale-shaped cargo jets to support its manufacturing operation in Europe. Now it has dedicated a portion of its fleet to haul extra-large shipments for external customers.
Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.
A Qatar Airways 747 freighter touched down for the last time on Friday. The plane has been sold to UPS.
Cargo airline Amerijet has already downsized its fleet and workforce, and changed leadership, to stem the flow of red ink. The latest move is outsourcing a warehouse operation in the Southeast.
Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.
Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.
The U.S. Postal Service contract is an albatross around FedEx’s neck. The company needs to fly less during the daytime and consolidate more express and ground parcel shipments, Barclays says.
Newbie airline Starlux in Taiwan has signed with Airbus for five large A350 freighters, an aircraft that is still under development.
With the addition of two secondhand Boeing 737-800 freighters, Kenya Airways Cargo is more than doubling capacity and extending its reach to the Middle East and India.
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