Flexport prepares first charter flight with Atlas

It’s been only two and a half years since Flexport began operations as an online forwarder, but they have already reached a major milestone by chartering a 747 freighter flight from Hong Kong (HKG) to Los Angeles (LAX). Since we are in mid-November, Flexport is also getting a taste of life for forwarders at peak […]
  • Randy Woods
  • November 17, 2017

LATAM ends streak of 19 consecutive quarterly revenue losses with Q3 spike

The good news is finally in for LATAM Cargo, which overturned a spate of poor quarterly performance to post cargo revenues up 2.5 percent to US$272.2 million for the third quarter – the first year-on-year quarterly increase since Q2 2013. Cargo traffic, measured in revenue tonne kilometers (RTKs), grew 3.5 percent over the quarter. The […]
  • Lewis King
  • November 16, 2017

Etihad Cargo launches third U.S. all-cargo route to Miami

Miami International Airport (MIA) now has two all-cargo routes to the Middle East, following the launch of weekly 777-200F service via Etihad Cargo. The new scheduled freighter flights make a stop in Columbus, Ohio, before continuing to Miami, Amsterdam and Abu Dhabi. The route launch makes MIA Etihad Cargo’s third U.S. cargo route and its […]
  • Lewis King
  • November 16, 2017

Hactl’s November results reveal healthy market, even as growth rates slow down

Despite slowing year-over-year growth rates in monthly annual comparisons, demand for airfreight still appears to be extremely strong – at least it is at the world’s largest cargo hub. Hong Kong Air Cargo Terminals Limited (Hactl) reported that it had broken three records during the first week of November, indicating the industry’s position in the […]
  • Charles Kauffman
  • November 15, 2017

First look at October cargo shows continued demand, but slowing growth

Soaring yields and the backlogs building in Asian hubs offer ample testimony to that demand for airfreight is still strong. We are clearly in the middle of a great peak season, and anyone who didn’t book space long ago is suffering. But the rate of growth is falling. David Harris, of sister publication Cargo Facts, […]
  • Randy Woods
  • November 15, 2017

Still seeing red, but fundamentals improved in CEVA’s 3Q reporting

With CEVA Logistics allegedly on the hunt for a buyer, its positive third-quarter free cash flow of US$9 million, despite overall losses of $22 million, makes the Netherlands-based 3PL a far more attractive proposition than it was in Q3 of 2016, when free cash flow plunged $50 million into the red. In yet another signal […]
  • Lewis King
  • November 14, 2017

China’s 11.11 volumes for Alibaba, JD.com continue to surge

Once an obscure “Day” pioneered by e-commerce giant Alibaba, and named for unmarried people in China (Singles Day), 11 November rapidly became the biggest shopping day in the world. Nowadays, it has become more of a shopping season, with e-commerce platforms and their merchants now collecting “11.11” orders even before Nov. 11, and waiting until […]
  • Charles Kauffman
  • November 14, 2017

More dismal numbers from LATAM Cargo as RTKs slide

If there’s a “Latin America turnaround” happening, it sure didn’t manifest itself in LATAM Cargo’s books in the month of October, as the struggling cargo operator’s revenue tonne kilometers (RTKs) fell 2.9 percent, dragging the year-to-date total down to 1.5 percent. LATAM Cargo is also cutting capacity, with year-over-year available tonne kilometers down 3.9 percent […]
  • Lewis King
  • November 13, 2017

CargoLogicAir’s scheduled route pays off with oil and gas industry

Since launching its first scheduled route in August, CargoLogicAir (CLA) has already carried more than 2,000 tonnes of cargo on the twice-weekly U.K.-to-Mexico service. The British all-cargo airline attributed the route’s success to demand from the oil and gas industry for space aboard the 747-400 freighter between the United States and Middle East. The freighter […]
  • Caryn Livingston
  • November 10, 2017

Volume growth slows at Fraport’s airports in October

The steady growth story at Fraport Group’s airports appears to be winding down at last, as cargo volumes at Frankfurt International Airport (FRA) rose by only 0.7 percent, year-over-year, in October to 192,263 tonnes. The slowdown in growth is hardly cause for alarm, however, as October’s total cargo volumes at FRA rank as the second-highest […]
  • Caryn Livingston
  • November 10, 2017

Uli Ogiermann seizes opportunity from Qatar blockade crisis

Call it Uli’s “swan song.” On June 5, a Saudi-lead blockade threw Qatari businesses into turmoil, snarling supply chains and sending panicked residents flocking to grocery stores to snatch up dwindling supplies. Five months later, those same stores are brimming with produce, and Qatar’s national economy is humming along. But that outcome wasn’t always certain, […]
  • Lewis King
  • November 9, 2017

75th Anniversary Snapshot: It’s déjà vu all over again in Hong Kong

The situation on the ground and in the air was becoming untenable. Tarmacs at the airport in Hong Kong were overcrowded. The capacity for both passengers and cargo were just a few years away from reaching design limits. The new air hub needed more infrastructure to access it, including high-speed rail and a new six-lane […]
  • Randy Woods
  • November 7, 2017

AirBridgeCargo gains Schiphol slots after threat over Russian airspace

The slot scarcity at Amsterdam Schiphol Airport (AMS) took a dramatic turn after a threat from Moscow to close Russian airspace to Dutch planes if AMS refused to accommodate more aircraft slots for Russian airline AirBridgeCargo (ABC). As Dutch newspaper NRC reported, Air France-KLM signed an agreement on Nov. 3 to lend ABC slots for […]
  • Caryn Livingston
  • November 7, 2017

AF-KLM says third-quarter cargo gains are evidence of ‘cargo turnaround’

Air France-KLM’s self-described “cargo turnaround” seems to have finally pushed the carrier’s third-quarter results back into the black, with total cargo revenues up 1.2 percent to €493 million. Across a longer timeline however, year-to-date cargo statistics at the carrier still indicate an airline that has struggled to match the recovery rates of its regional counterparts, […]
  • Lewis King
  • November 6, 2017
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