IAG Cargo revenues dip in Q1, despite rise in traffic

Like many carriers this year, U.K.-based IAG Cargo said its first-quarter 2019 revenues declined year-over-year, falling to €275 million during the period March 31 for a 2.5% loss, compared to Q1 of 2018, at a constant exchange rate. However, its cargo traffic increased by 2.6% to 1.39 billion cargo tonne kilometers (CTK), thanks to a […]

Operating profits rise for DP-DHL Group’s Q1, but airfreight volumes drop

While Deutsche Post-DHL Group (DP-DHL) saw revenues and operating profits rise in the first quarter of 2019, compared with Q1 the year prior, the Global Forwarding, Freight (GFF), division reported airfreight volumes down by 3.9% for the period ending March 31, the fifth-straight quarter that saw volume reduction in the division. For the quarter, DP-DHL […]

Air France-KLM reports ‘slowdown’ in Q1 cargo volume

Citing an economic slowdown, as well as “political uncertainties and trade disputes,” Air France-KLM said today that the resulting pressure on airfreight rates caused a 4% unit revenue drop in its first-quarter results. Due to the sluggish economy, airfreight tonnage was essentially flat, at 270,000 tonnes, for the three-month period ending March 31 “Several network […]

WorldACD shows 3.1% decline in volumes for March

Following the deep declines in air cargo volumes at the start of the year, March volumes rose by 25% compared to February, but it was not enough to avoid a 3.1% overall drop in first-quarter volumes, compared to the previous year, reported market analysis firm WorldACD. A total of 23 of the 36 geographical markets […]

C.H. Robinson reveals mixed Q1 results on lower air income, volume

Reflecting an uncertain market for air cargo and forwarding activities, U.S.-based forwarder C.H. Robinson Worldwide released first-quarter results with some strong revenue figures, along with some lackluster activity in its airfreight sector. For the three-month period ended March 31, C.H. Robinson reported an 8.4% rise in net revenues to US$678.8 million, compared to the same […]

New China, Uruguay MOU expands air transport, customs opportunities  

During China’s second “Belt and Road” International Cooperation Summit last week, China and Uruguay signed a memorandum of understanding (MOU) establishing an air transport and customs agreement between the two countries. The new agreement not only supports China’s ongoing westward aviation network expansion, but also increases business opportunities for air cargo stakeholders of both countries.  Under the […]

New Chongqing-Addis Ababa routes to support China-Ethiopia cargo ops

Last week, Ethiopian Airlines Group, the Chongqing Municipal People’s Government Port and Logistics Office and Chongqing Airport Group signed a freight route cooperation agreement. The new routes established by this agreement will expand on China’s already growing “Belt and Road” initiative, while also supporting Ethiopian’s efforts to grow its cargo operations.  The new agreement establishes three regular […]

DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]

CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]

Global airport throughput rebounds in March

Preliminary results from global airports indicate that the air cargo market improved in March from the steep declines in volumes witnessed during the first two months of the year. Overall, while the first quarter of 2019 was rocky, the resurgence in cargo throughput suggests that a couple of weak months may not portend a down 2019. On a regional basis, airports in Asia and the Americas posted mixed results for the […]

Cargo demand continued to sag among Asia-Pacific carriers in March

As we begin to pull away from the January/February time frame that is usually skewed by the effects of Chinese Lunar New Year, the preliminary March cargo figures from the Association of Asia-Pacific Airlines (AAPA) remain depressed, though slightly improved compared to January and February, falling by 3.2% compared to the same month in 2018. […]

New HKG-Macau bridge reduces DHL-GF’s transit time by 75%

When it comes to road-feeder services, nothing beats a good shortcut. DHL Global Forwarding (DHL-GF) said this week that that new 55-kilometer bridge-tunnel system connecting Hong Kong to Zuhai across China’s Pearl River Delta has slashed transit time by up to 75%, and reduced costs by up to 15%, since it opened last year. The […]

Cargo was Alaska Air’s fastest-growing unit in Q1

Seattle-based Alaska Airlines reported strong growth for its cargo unit during the first quarter of 2019, even as the overall U.S. domestic air cargo market simmered to a more tepid growth rate. Operating revenues for the carrier’s cargo and other segments rose 22%, year-over-year, to US$50 million for the three-month period ending on Mar. 31. […]
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