Local Government tackles New York City’s ‘sagging’ air cargo industry

New York’s John F. Kennedy International Airport (JFK) handled more cargo than any other airport globally until 1990. A quarter of a century later, JFK’s ranking has fallen to 22nd globally, according to Air Cargo World’s, “Top 50 Cargo Airports” ranking. Yesterday, the city’s Committee on Economic Development held hearings to address that slow decline. […]
  • Lewis King
  • December 1, 2017

3 Execs to Watch: Zhao Fengsheng says it’s a good time to be big

As 2017 ends, memories of a weak air cargo market – the norm in 2015 and much of 2016 – continue to fade into the past. With an upbeat market demanding the speed of airfreight, more cargo than ever is making its way onto airplanes, and the Chinese market is no exception; in fact, it’s […]
  • Charles Kauffman
  • November 30, 2017

Drewry: Freight rates hit 2017 high in October

Airfreight rates for East-West routes reached their highest level so far for the year in October, reaching US$2.89 per kilo, as the impact of peak season demand began to be reflected in rising rates, according to Drewry’s latest East-West Airfreight Price Index report. Rates stood about 2.5 percent higher, year-over-year, for October, and saw their […]
  • Caryn Livingston
  • November 30, 2017

Asia’s airfreight markets keep racking up the gains

Asia’s airfreight market continued to burnish its reputation as the global breadwinner last month, with preliminary traffic figures for October showing a 5.8 percent rise, year-over-year, once again showing healthy growth in international air cargo markets. The air cargo increase for airlines from the Asia-Pacific region, measured in freight tonne kilometers (FTK), came about, in […]
  • Lewis King
  • November 28, 2017

‘Black Friday’ in U.S. brings great news for global e-commerce

The biggest shopping day of the year for the United States – on the Friday following Thanksgiving, also known as “Black Friday” – has come and gone, leaving records shattered in its wake. American retailers brought in a record US$7.9 billion in combined online sales during Black Friday and Thanksgiving, amounting to a 17.9 percent […]
  • Caryn Livingston
  • November 27, 2017

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
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