DSV 4Q revenue surges following 2019 Panalpina acquisition

Danish forwarder DSV released its annual financial results for 2019 today, reporting a massive jump in airfreight tonnage to 442,069 tonnes of cargo, an increase of 152% year over year, in the fourth quarter. The company said the growth seen in 4Q 2019 was in line with its expectations, and attributed the increase in business […]

Global air cargo drops 4% with Lunar New Year

The global air cargo market saw a 4% year over year decline in the four weeks between Jan. 6 and Feb. 2, according to startup CLIVE Data Services’ most recent “dynamic load factor” report, a new system of analysis that measures cargo-load factors from a volumetric, rather than weight-based, approach. The dynamic load factor also […]

Coronavirus takes a toll on cargo demand from China

Despite the cutback on flights to, from and within China following the outbreak of the new coronavirus in Wuhan, similar slumps in cargo demand out of china mean current capacity is more than able to keep up with existing demand. However, the need for supplies to support relief efforts in the Country has seen a […]

Air cargo closes bleak 2019 in IATA December report

The International Air Transport Association (IATA) released preliminary data for December indicating that total industrywide cargo traffic, measured in freight tonne kilometers (FTKs), has decreased by 2.7% year over year. For the entire year, total industrywide cargo traffic declined 3.3% YoY, making 2019 the first year of declining freight volumes since 2012, and the weakest […]

Over 25,000 China flights axed as virus panic creates disruption

(Bloomberg) — More than 25,000 flights to, from and within China will be canceled this week as more than two dozen airlines suspend services to the country because of the coronavirus outbreak, leading to an unprecedented shakeup in the world’s second-largest aviation market. International capacity will fall by 4.4 million seats a week, with Lion […]

U-Freight opens e-commerce center in South Korea

Hong Kong-based U-Freight Group opened a new e-commerce fulfillment center (EFC) in Incheon, South Korea, as it works to roll out its e+ Solutions product to support small businesses across its network. U-Freight’s Incheon operations were previously based in its existing multipurpose warehouse in Incheon Airport’s (ICN) free trade zone, which the logistics company said, […]

Lufthansa adjusts China freighter schedules due to coronavirus

Like many carriers adjusting schedules in reaction to the outbreak of the new coronavirus, Lufthansa Cargo announced today that its freighter aircraft will operate according to a special schedule to and from the Chinese mainland next week. Lufthansa Cargo will fly several frequencies connecting Frankfurt (FRA) and Shanghai Pudong (PVG) via Novosibirsk (OVB) onboard its […]

Kalitta requests permission for new 777F route in Asia

U.S.-based carrier Kalitta Air has requested four weekly allocations for Singapore (SIN) to Hong Kong (HKG) cargo flights using 777-200 freighters on behalf of “a major freight forwarder.” Though the carrier has not yet returned a request for comment, the most likely customer for the service is DHL. DHL declined to confirm whether it is […]

WorldACD sees little cheer in December report

WorldACD found that the impact of 2019’s challenging political economic conditions persisted through to the end of the year with the release of its December report this week, which indicated a 1.7% year-over-year decrease in cargo volumes worldwide for December. This YoY decrease in volumes was the smallest since January 2019, but they were not […]

Air cargo lends logistics aid amid Wuhan coronavirus outbreak

As China and governments worldwide work to mitigate the spread of the new coronavirus outbreak, air cargo actors, such as FedEx, Kalitta Air, March Air Reserve Base (RIV) and Ontario Airport (ONT), are lending a hand to support of the logistics needed to make this work possible. FedEx provided support early this week, transporting urgently […]

Sichuan’s Double Dragon Airlines seeks CAAC approval for cargo ops

Sichuan Double Dragon Airlines, also known as “Shuanglong” was formally established as a joint venture funded by Zhejiang Changlong Airlines, or Loong Air, and the Sichuan Airport Development Group. Loong Air was launched as CDI Cargo Airlines in 2012 with a focus on narrowbody freighter operations. Since 2013, the airline has gradually shifted its focus […]

Emirates launches new fifth freedom flight to Penang

Emirates announced today a new service connecting Dubai (DXB) and Penang International Airport (PEN) via Singapore (SIN) that will include fifth freedom rights, beginning April 9. Emirates will operate the flight using a 777-300ER aircraft, with capacity for up to 15 tonnes of cargo. Fifth freedom rights allow foreign airlines to carry passenger and cargo […]

‘Zero departure’ at Wuhan Airport amid coronavirus epidemic

Following the identified outbreak of the new coronavirus in the Chinese city Wuhan, government authorities yesterday ordered the cancellation of all transportation out of the virus’ epicenter. The Civil Aviation Administration of China (CAAC) also issued a notice to carriers directing them to cancel flights leaving the airport and reduce flights into it, resulting in […]

dnata, Toll Group join new Australian airport freight precinct project

Ground handler dnata and logistics company Toll Group have signed a partnership to collaborate with Western Sydney Airport (SWZ) on the design of the freight precinct at the new Western Sydney International Airport; they join 10 other freight industry stakeholders already involved in the project. While Australian airports currently transport more than 1 million tonnes […]
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