January, February cargo volumes warrant ‘cautious optimism,’ IATA says

The International Air Transport Association’s (IATA) February 2017 data shows an 8.4 percent increase in demand in global air freight markets, measured in freight tonne kilometers (FTKs), compared to the same period last year. Adjusting for the impact of the leap year in 2016, demand increased by 12 percent, almost four times the five-year average […]
  • Lewis King
  • April 6, 2017

Pharma drives AA launch of daily widebody San Juan-Philly service

In a quest for more pharma traffic, American Airlines launched daily, nonstop widebody service between San Juan Luis Muñoz Marín Airport (SJU) and Philadelphia International Airport (PHL). The service adds capacity between Puerto Rico-based pharmaceutical manufacturing, representing 12 of the world's top 20 pharma companies, and American Airlines Cargo’s dedicated 25,000-square-foot pharmaceutical facility. The new […]
  • Lewis King
  • April 5, 2017

Qatar Cargo launches direct freighter service to Cambodia

Qatar Airways Cargo began freighter service to Phnom Penh today, focusing mostly on Cambodia’s garments business, which accounts for about 80 percent of the country’s exports. The weekly service, operating on the Doha–Phnom Penh–Doha route, will offer more than 60 tonnes of cargo capacity each way aboard one of the carriers A330 freighters. The airline […]
  • Lewis King
  • April 3, 2017

Volumes rise for Virgin Atlantic Cargo in ‘challenging’ 2016

Virgin Atlantic Cargo’s volumes rose 1.8 percent in what the carrier called a “challenging market environment.” Overall, the airline carried 218,000 tonnes of cargo across its international network for the calendar year. A strong second half of the year and high peak-season demand helped boost volumes, although John Lloyd, senior vice president of cargo at […]
  • Lewis King
  • March 31, 2017

Will there be a modal shift to Hyperloop? Don’t answer yet…

A recent post in Tech Crunch breathlessly postulated that the planned Hyperloop One system envisioned for the Middle East will one day be able to handle the equivalent of US$12 billion of the region’s entire $35 billion cargo market, including all $7 billion worth of airfreight shipments in the Gulf Cooperation Council region. I’ll pause […]
  • Randy Woods
  • March 30, 2017

Freightos eyes growth with Series B extension funding

With an eye toward scaling up its reach to global levels, online logistics firm Freightos has wrapped up a US$25 million Series B extension round, led by GE Ventures, bringing the company’s total investment funding to $50 million. In addition to growth, the funds also will be used for continued development of the software suite […]
  • Lewis King
  • March 30, 2017

Momentum for cargo builds for Asia-Pacific airlines in February

Air cargo markets across Asia picked up momentum last month, posting solid increases in demand, according to preliminary February traffic figures from the Association of Asia Pacific Airlines (AAPA). International air cargo demand for member carriers registered growth of 11.3 percent in freight tonne kilometers (FTK), compared to February last year, and a 7.6 percent […]
  • Lewis King
  • March 28, 2017

FedEx CFO: ‘If I were you guys, I would forget Q3’

FedEx reported net income in its fiscal third quarter up 10.8 percent to US$562 million, as revenue rose 18.5 percent to $15 billion. Reported operating income was also up strongly (18.6 percent) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in our industry, the […]
  • David Harris
  • March 22, 2017

FAA predicts 3.1 percent growth in air cargo, driven by international trade

The FAA predicts brisk cargo growth for U.S. carriers, to the tune of 3.1 percent annually for the next two decades, as well as a shift towards maindeck cargo, according to the agency’s just releases 2017-2037 Aerospace Forecast. These cheerful numbers are predicated on booming international trade, an interesting takeaway considering the current political climate. […]
  • Lewis King
  • March 22, 2017

FedEx’s new Liège-Memphis service to boost TNT networks

The FedEx-TNT deal was completed more than a year ago, but the benefits for TNT customers will finally be felt soon in North America. FedEx Express will begin operating a new 777F flight linking Liège, Belgium and Memphis, starting early April 2017. The aircraft will continue on from Memphis en route to Shanghai via Seattle […]
  • Lewis King
  • March 21, 2017

WCS 2017: De Juniac optimistic about air cargo growth, innovation

ABU DHABI, UAE — Optimism has come to air cargo. It’s not often that an IATA World Cargo Symposium starts off with a positive message about the industry, but in yesterday’s opening address, IATA director general and CEO Alexandre de Juniac said he wanted to “share an optimistic view, which is far too rare in […]
  • Lewis King
  • March 14, 2017

WCS 2017: Discourse matters: CEIV stakeholders must be frank about their limitations

  ABU DHABI, UAE -- “The two areas that are the weakest links are ground handling and temperature mapping, there is still a lot of black area in the cargo hold,” Aynur Rasulova-Rzepa, independent validator for IATA told a CEIV Pharma workshop at the 11th IATA World Cargo Symposium in Abu Dhabi. “We need to […]
  • Lewis King
  • March 13, 2017

Economic realities slow U.S. aviation ambitions in Cuba

Following an epidemic of delays and capacity reductions by American carriers, FedEx has filed for a six-month extension to inaugurate U.S.- Cuba scheduled, all-cargo air services. The Memphis-based integrator cited “inextricable dynamics, such as securing and establishing business relationships with Cuban service providers, in relation to air operations support services, customs clearance, and ground/delivery operations.” […]
  • Lewis King
  • March 6, 2017

American Cargo breaks volume records at Heathrow

The American Airlines Cargo team at Heathrow (LHR) broke its fourth daily record since August 2016, moving nearly 489.8 tonnes of freight into and out of LHR, a record for a single day’s throughput. Record-breaking volumes through LHR are even more remarkable, given that the airport has been operating at virtual maximum capacity for some […]
  • Lewis King
  • March 6, 2017
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