Freightos launches ‘FIFI’ aggregated shipping rates index

For those interested in finding a snapshot of global freight pricing from week to week, it’s time to meet FIFI.  Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, […]
  • Lewis King
  • February 27, 2017

Volume up, dollars down as IAG faces ‘challenging market conditions’

IAG Cargo’s 2016 full-year results out today show commercial revenue down 6.6 percent to €1.022 billion. “These are resilient results in the face of challenging market conditions,” said Drew Crawley, CEO at IAG Cargo. “Growing supply from freighter and new-generation passenger fleets have continued to outstrip flat demand for general freight.” The carrier will focus […]
  • Lewis King
  • February 24, 2017

Worldwide Flight Services to handle China Airlines’ cargo at O’Hare

China Airlines has selected Worldwide Flight Services (WFS) to handle its cargo at Chicago O’Hare International Airport. The Taiwan-based carrier connects Taipei and Chicago with up to seven direct flights per-week, with combined inbound/outbound cargo volumes totaling around 56,000 tonnes per year. Overall, WFS handles more than 130,000 tonnes of cargo a year for China Airlines in […]
  • Lewis King
  • February 24, 2017

January air freight market closes out on stable footing

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 the lowest January posting, barring 2016, […]
  • Lewis King
  • February 23, 2017

Atlanta airport adding 1 million square feet of warehouse space

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 expected to cost more than US$200 […]
  • Lewis King
  • February 22, 2017

TIACA woos millennials with industry immersion program

Millennials aren’t flocking to the logistics business, prompting TIACA to back a program of visits aimed at improving collaboration across the air cargo supply chain. Young professionals from six companies in the Netherlands have completed a series of visits aimed at “improving collaboration across the air cargo supply chain.” Staff from companies including Air France […]
  • Lewis King
  • February 21, 2017

National carriers balk at proposed increase in Alaska jet fuel tax

After cruising for decades on high oil prices, the state of Alaska is scrambling to make up budget shortfalls by introducing a bill that would triple the state tax on jet fuel, sparking predictable dismay from several U.S.-based carriers that use Anchorage as a major trans-shipment hub on long-haul routes. Alaska Airlines, Delta Airlines and […]
  • Lewis King
  • February 17, 2017

Air France-KLM Cargo’s 2016 woes stretch into the new year

Air France-KLM Cargo’s ongoing restructuring has failed to correct a slide in cargo volumes and revenues that has dogged the carrier since it’s merger in 2004. Cargo revenues fell especially hard last year, down 14.7 percent to €2.06 billion as the worlds most storied combined cargo carriers struggle to compete in a competitive marketplace. While […]
  • Lewis King
  • February 16, 2017

Airberlin’s three new A330-200s to boost U.S.-Germany belly capacity

Airberlin announced plans to add three wide-body A330-200 aircraft, to be flown on additional long-haul flights to the United States, scheduled to begin this summer. In addition to growing the German carrier’s existing A330 fleet to 17, the aircraft will boost belly-hold capacity between Berlin Tegel and Orlando International, and two Californian destinations – San […]
  • Lewis King
  • February 16, 2017

Valentine’s Day surge in flower traffic smells sweet at LATAM Cargo [VIDEO]

With Valentine’s Day finally in the rear-view mirror, carriers like LATAM Cargo are savoring one of the mainstays of the Latin Americans airfreight business: the annual January surge in flower shipment. This year, the Chile-based carrier handled more than 160 million bouquets of flowers (around 9,000 short tons) in the three weeks leading up to […]
  • Lewis King
  • February 15, 2017

Valentine’s day flower trade drives air cargo business [ VIDEO]

In the run-up to Valentine’s Day this year, Emirates SkyCargo has added four additional freighters from Nairobi, carrying an additional 350 tonnes of flowers into Amsterdam. LATAM Cargo announced that it is transporting more than 160 million bouquets of flowers (around 9,000 tons) in the three weeks leading up to Valentine’s Day. Luxembourg-based Cargolux said […]
  • Lewis King
  • February 13, 2017

FedEx Express opens new facility at Milan-Malpensa Airport

A little over a year since breaking ground in 2015, FedEx Express has opened its new “mini hub” in southern Europe at Milan-Malpensa Airport. In spite of its diminutive nickname, the facility is three times the size of the former FedEx facility, making it the company’s third-largest cargo hub in Europe, behind Paris CDG and Cologne. […]
  • Lewis King
  • February 10, 2017

On the rails: Growth in Asia’s slower lane

Last October the British and Chinese governments agreed to allow more than double the number of passenger flights between the two nations and threw the door open to unlimited cargo flights. To date, however, no air carrier has availed itself of the opportunity. Instead, rail, as well as rival ground-based modes, have risen in popularity. […]
  • Ian Putzger
  • February 9, 2017

Fraport’s global portfolio starts year in good form

Global airport management company Fraport’s January cargo traffic figures indicate continued gains into 2017 on the back of a strong finish to 2016. At the flagship, Frankfurt Airport, 265,835 tonnes of cargo were handled in January, a 5.8 percent, year-over-year, increase. On the other side of the planet, Fraport’s 70-percent owned Jorge Chávez International Airport […]
  • Lewis King
  • February 9, 2017
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