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A strong quarter ends Atlas’ ‘historic year’

A strong quarter ends Atlas’ ‘historic year’

February 23, 2017 at 6:59 pm 0 comments

On the strength of a stellar fourth quarter and a boost from the e-commerce traffic obtained in last year’s freighter deal with Amazon, Atlas Air Worldwide Holdings (AAWW) reported that 2016 was a historic year for the U.S.-based carrier. As David Harris notes in Cargo Facts, Air Cargo World‘s sisterRead More

January air freight market closes out on stable footing

January air freight market closes out on stable footing

February 23, 2017 at 6:59 pm 0 comments

Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since the research firm began indexing rates in 2012. Rates fell just 13 cents, holding at about the US$3 mark in January, at $3.01, indicating greater stability in the market. The rate itself is also theRead More

Hactl first handler in Hong Kong to obtain IATA CEIV-Pharma cert

Hactl first handler in Hong Kong to obtain IATA CEIV-Pharma cert

February 23, 2017 at 6:45 pm 0 comments

The momentum for IATA’s global standard for pharmaceutical handling continued to grow this week as Hong Kong Air Cargo Terminals Limited (Hactl) announced that it has met all IATA CEIV-Pharma certifications, making it the first handler in Hong Kong to obtain the certification. The process was sponsored by the HongRead More

IATA: New Trade Facilitation Agreement a shot in the arm for global trade

IATA: New Trade Facilitation Agreement a shot in the arm for global trade

February 23, 2017 at 6:25 pm 0 comments

A trade agreement promoting faster, cheaper and easier trade that entered into force this week is “great news for airlines, which deliver about a third of the goods traded across borders by value,” said Alexandre de Juniac, IATA’s director general and CEO. The Trade Facilitation Agreement (TFA), which passed Wednesday,Read More

E-commerce growth boosts XPO Logistics’ fourth-quarter results

E-commerce growth boosts XPO Logistics’ fourth-quarter results

February 22, 2017 at 6:53 pm 0 comments

XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company’s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts’ expectations. For Q4 of 2016, revenue increased 10 percent, year-over-year, to US$3.68 billion. Fourth quarterRead More

Volumes surge as net income drops in Expeditors’ 4Q16

Volumes surge as net income drops in Expeditors’ 4Q16

February 22, 2017 at 6:34 pm 0 comments

Our sister publication, Cargo Facts takes a look at US-based forwarder and logistics services provider Expeditors  International of Washington, Inc’s 4Q16 results. Despite significantly higher air and ocean freight during 4Q16, compared to 4Q15, net income was down 3.4% y-o-y, to $111 million. For more, see: Expeditors handles record volumes in 4Q16, asRead More

(C) 2010 Craig Butz

Atlanta airport adding 1 million square feet of warehouse space

February 22, 2017 at 6:06 pm 0 comments

ATLNext, the new development program at Hartsfield-Jackson Atlanta International Airport (ATL), is in the process of adding 1 million square feet of warehouse space, with construction starting this year on the third warehouse. The development includes a new vehicle staging area to relieve cargo truck congestion. The work is expectedRead More

Natilus Offers First Look at Freight Drone Prototype

Natilus Offers First Look at Freight Drone Prototype

February 21, 2017 at 8:36 pm 0 comments

Natilus is launching its first drone, by the second quarter, and ACW sister-publication Mobility Buzz has obtained the first look at the prototype, which the startup hope to transform into a full-sized freight drone that has the potential to profoundly change freight flows and cargo movement. The San Jose, Calif.-based company hasRead More