Toronto Pearson airport plans to replace an office park with a cargo facility with funding from the Canadian government, which is also helping an Inuit-owned airline move more cargo.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
Smaller airports without big-city crowds offer many advantages to all-cargo airlines and shippers, which are taking more business to those locations.
The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.
Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation.
Freighter operator Western Global got in financial trouble when the overheated air cargo market cooled off last year and nearly shut down this summer before getting a financial lifeline from creditors and filing for bankruptcy.
Western Global Airlines, struggling under a heavy debt load and weak market conditions, has filed for Chapter 11 bankruptcy protection in a Delaware court.
Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.
Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.
Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company’s U.S. air network.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.
A new London-based airline called One Air has begun commercial freighter service. The odds for survival may be daunting unless it can expand beyond a single aircraft and the market improves significantly.
Los Angeles International Airport has partnered with former NBA superstar “Magic” Johnson and others on planning a wholesale redevelopment of its extensive cargo facilities.
Ontario International Airport has approved a large cargo development for DHL Express to support express delivery on the West Coast.
