Expeditors reports record net income for Q3

U.S.-based forwarder and logistics services provider, Expeditors International, reported record-high third-quarter profitability, including the highest quarterly net revenue and operating income in its history. During Q3 for 2018, net income was up 35.2 percent, year-over-year, to US$163 million, while net revenue increased 10.4 percent to $661 million. Operating income for the quarter was up 8.7 percent to […]
  • Randy Woods
  • November 8, 2018

The World of Airports: Don’t Fence Me In

Air cargo is currently booming, but this success has come at a price – congested airports with little room for growth, fewer parking slots for trucks and freighters, and higher fuel costs. Clearly, the industry cannot simply grow its way out of these problems. To find answers before customers begin looking to other transport modes, […]
  • Staff Reports
  • November 7, 2018

Schiphol’s Pouwels does more with less in Amsterdam community

Throughout 2018, the dominant story about Amsterdam Airport Schiphol (AMS) has been the shortage of freighter slots, due to a 500,000 “aircraft movements” limit set by the Dutch government. As a result, one prominent carrier, AirBridgeCargo, shifted its European hub from AMS to nearby Liège Airport. As this issue was going to press, the local […]
  • Randy Woods
  • November 6, 2018

British forwarders see demand increase during usually slow time of year

The United Kingdom-based logistics community is experiencing the first subtle waves of the disruptions to the supply chain sure to come with Brexit, according to one regional forwarder Davies Turner. The company said it is experiencing an unseasonal bloat in demand for warehousing capacity for early 2019 – which is normally a slow period following […]
  • Nina Chamlou
  • November 6, 2018

Virgin Atlantic adds frequency to South Africa for automotive, perishable goods

Citing a rise in demand for automotive and perishable goods in South Africa, Virgin Atlantic Cargo has added a second daily 787-9 widebody service connecting London and Johannesburg. According to Virgin, cargo volumes between the United States and South Africa, via London Heathrow (LHR), have seen an 8 percent rise through the first eight months […]
  • Randy Woods
  • November 2, 2018

Atlas reports strong Q3, expects more for peak season

Atlas Air Worldwide Holdings (AAWW) reported third-quarter net income of US$71.1 million, up from a net loss of $24.2 million for Q3 of 2017, and expects a strong performance for the fourth quarter on expectations of a record peak season. Operating income was up by 3.3 percent, year-over-year, during Q3, to $54.5 million, while total operating […]
  • Randy Woods
  • November 1, 2018

Don’t Fence Me In: Efficiency advice from one of the world’s largest ground handlers

If a more-efficient cargo facility is the goal, then airport operators, carriers and forwarders should speak with Barry Nassberg, group chief commercial officer for Worldwide Flight Services (WFS), one of the largest cargo ground handlers in the world. In an interview at TIACA’s Air Cargo Forum in Toronto, Nassberg told Air Cargo World that, “There […]
  • Randy Woods
  • November 1, 2018

Don’t Fence Me In: Could a second-tier U.S. airport be the answer?

The United States’ major urban air hubs are infamous for congestion issues due to capacity constraints, which were further aggravated last year during the most notable spike in demand for airfreight in recent history. Los Angeles (LAX), Chicago O’Hare (ORD) and New York’s JFK are some of the most notorious examples. With major international carries […]
  • Nina Chamlou
  • November 1, 2018

Don’t Fence Me In: The European model – smarter, not larger

Keeping up with growing air cargo volumes moving to and from European airports required airports to make significant infrastructure investments during 2017 and into 2018. Cologne Bonn Airport (CGN) told Air Cargo World that the airport “invested in additional ramp handling equipment [and] upgraded its airside infrastructure” during 2017. Similarly, the Leipzig/Halle Airport (LEJ) said […]
  • Caryn Livingston
  • November 1, 2018

Don’t Fence Me In: Asia’s airports keep expanding, as regional competition intensifies

Three of the world’s top-five airports, measured by annual cargo throughput, are in Asia – and unlike airports in Europe and North America, chronic capacity shortages are unlikely to be an issue in the near future. Though there will eventually come a point at which Asia’s busiest cargo hubs, Hong Kong (HKG), Shanghai Pudong (PVG) […]
  • Charles Kauffman
  • November 1, 2018

Top 50 Cargo Airports: Faster, Higher, Stronger

In 1894, a French aristocrat and historian named Pierre de Coubertin, founder of the International Olympic Committee, was seeking a motto for the creation of the modern Olympic Games, which would recreate the ancient Greek athletic contests and expand them to the rest of the world. With help from his friend, Henri Didion, a Dominican […]
  • Randy Woods
  • November 1, 2018

WorldACD reports rare volume decrease, Drewry cites rising prices

Has the industry just had its first “uh-oh” moment of the year? The sensational airfreight volume growth-spurt has come to a tangible end, with the first recorded year-over-year decrease of 0.9 percent in international airfreight volumes reported by the WorldACD in over two years, occurring during the month of September. Meanwhile, Drewry said airfreight prices […]
  • Nina Chamlou
  • November 1, 2018

Bridges Worldwide introduces new Mediterranean routes from Cologne

Today, British networks solutions provider Bridges Worldwide launched a new intra-European route linking Cologne Bonn Airport (CGN) with Malta and Larnaca, Cyprus. The new route has five flights per week and will be flown by a 737-400F owned by Spanish cargo specialist Swiftair, with cargo capacity of 20 tonnes per flight. The route is the […]
  • Chelsea Toczauer
  • October 31, 2018

September traffic dips for Lufthansa Cargo, but Q3 earnings remain strong

Although the latest September airfreight traffic reports hinted at a coming slowdown for Lufthansa Cargo, the third-quarter numbers from the Lufthansa Group reported strong revenue growth from its Logistics business segment. Logistics was up 11 percent, year-over-year, in Q3 for 2018, reaching  €594 million. Earnings before interests and taxes (EBIT) for the unit was €25 million, […]
  • Randy Woods
  • October 30, 2018
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