airfreight

Market intelligence firm Xeneta says the ongoing war in the Middle East will drive air cargo shipping rates higher this year

FedEx has moved its airfreight shipping operation at East Midlands Airport to a dedicated facility, away from the parcel processing area.

Maersk Air Cargo has introduced service to South America and hired two veteran airfreight executives to lead the business.

Air cargo demand is projected to slow to 6% next year, bolstered by positive economic supply chain and economic trends against a backdrop of rising geopolitical uncertainty.

The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.

Expeditors recorded year-on-year gains in tonnage for both airfreight and ocean freight for the first time in more than two years.

2023 was a tumultuous year for airfreight. The downturn in business put pressure on the industry, but the year ended with some optimism.

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.

The air cargo sector was banking on a turnaround in market conditions by this fall, but it might have to wait until late next year unless demand unexpectedly revives.

The decline of air cargo is less severe than earlier this year, but a bearish case for a counter-seasonal, second-half dip is gaining momentum as freight forwarders undercut each other on prices to win customers.

Amid waning revenue, Amerijet is laying off 15 workers after signing an expensive contract with its pilots.

Recovery from the recession in airfreight transportation looks like it will be drawn out over the next year — and very slight when it does happen.

Shipco Transport pairs strong company values with deep expertise and broad coverage to deliver concrete results to its forwarder customers.

Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.

Business is very soft in the air cargo sector and likely to get softer still, but there are signs that demand could spark up in the second half of the year.

Port X Logistics has made a name for itself in drayage, expediting containerized freight throughout the U.S. and Canada. Now the company has brought its expertise into the airfreight arena.

Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.

Record results by the cargo division pulled Deutsche Lufthansa AG to profit in the second quarter for the first time since the COVID crisis began, underscoring how moving goods has become increasingly important for passenger airlines as a hedge against travel downturns. “The Lufthansa Group is back in the black,” CEO Carsten Spohr declared in […]

Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.

Companies rely on a wide variety of partners to handle their invoice auditing, including brokers and third-party freight pay companies. This approach can be risky, as these folks are not typically invoice audit experts, increasing the chance that inconsistencies and other issues will slip through the cracks.