Air cargo’s anemic peak season nothing to celebrate
Air cargo demand has picked up after a long slide, but the busy season leading up to the holidays has been disappointing by historical standards.
Air cargo demand has picked up after a long slide, but the busy season leading up to the holidays has been disappointing by historical standards.
Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft.
DHL Express has doubled the size of its Asia air hub in Hong Kong.
U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.
Cargo pilots at Air Transport International are frustrated by the pace of negotiations for a labor deal and ready to go on strike.
Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
Air Transport Services Group is slowing investment in converted freighters as a weak shipping market leads cargo airlines to pause fleet expansion.
Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.
FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
The freighter conversion business is slowing down, but there remains residual momentum from carriers such as IndiGo.
Air Canada said it is taking a slower approach to adding cargo jets because there isn’t enough demand now to justify the investment.
Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
A former senior executive at Polar Air Cargo pleaded guilty to corporate corruption and agreed to pay restitution of $9.3 million in addition to serving a potential jail sentence.
The semiconductor industry is a new vertical that logistics provider Kuehne+Nagel has identified as a growth area. Toward that end, it is using two large freighters it controls to transport shipments from Taiwan to Europe.
Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.
The first Airbus A321 converted freighter has been cleared by authorities to begin commercial service in China.
American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.
Mega-forwarder Kuehne+Nagel is working with one of its top air logistics vendors to make airport cargo transfers faster.