Cathay Pacific Group’s cargo revenue, traffic, volumes decline during H1

In its interim results for 2019, Hong Kong-based Cathay Pacific Group reported that cargo revenue and volumes declined year-over-year during the first half of 2019 for Cathay Pacific and Cathay Dragon. The company said its cargo declines reflect “weaker global trade brought about in part by U.S.-China trade tensions.” Cargo revenue for the first half […]
  • Caryn Livingston
  • August 7, 2019

Airfreight demand languishes in IATA June report 

The International Air Transport Association (IATA) released data today indicating that cargo traffic, measured in freight tonne kilometers (FTKs), decreased by 4.8% year-over-year in June. Year-to-date demand is down 3.6% y-o-y. The further decline in traffic from last month suggests the air cargo industry is still in the doldrums as political economic volatility slows worldwide trade.  Freight capacity […]
  • Chelsea Toczauer
  • August 7, 2019

Swissport extends facility lease at Heathrow 

Swissport has extended its lease at SEGRO’s Heathrow Cargo Center at Heathrow Airport (LHR), U.K.-based development company SEGRO announced yesterday.  The Swiss cargo handler signed a new agreement extending the lease of a 104,000 square foot warehouse unit by ten years. The new agreement includes a clause that will allow SEGRO to redevelop the Cargo Center in line with proposed expansion plans to be put forth […]
  • Chelsea Toczauer
  • August 7, 2019

DP-DHL Group’s Q2 operating profit up, despite persistent drop in airfreight volumes 

While Deutsche Post-DHL Group reported an increase in its overall revenue and operating profits for the second quarter of 2019, compared with Q218, the company’s Global Forwarding, Freight (GFF) division saw airfreight volumes decline by 5.8% year-over-year for Q2 to 888,000 tonnes. For the first half of 2019 ending June 30, GFF saw a decrease in volumes by 4.9% compared to the same period the […]
  • Chelsea Toczauer
  • August 6, 2019

FedEx’s e-commerce loss appears to be UPS’ gain

Volumes of apparel, auto parts, tablets, smartphones, knick-knacks and more are being delivered to our front doors faster and more efficiently as the two largest US small parcel and express providers, FedEx and UPS, invest in their networks, as well as in their business development and sales teams, to take advantage of this growing demand. […]
  • Cathy Roberson
  • August 6, 2019

Swiss WorldCargo plans new routes for US and Japan

Today, Swiss WorldCargo, the airfreight division of Swiss International Airlines, announced plans to launch nonstop services from Zurich (ZRH) to Osaka (ITM) and Washington D.C. (IAD) utilizing A340-300 and A330-300 aircraft, respectively. The flights are scheduled to begin March 2020.  Swiss WorldCargo will fly the route to ITM five times weekly. The IAD route will be operated daily during the carrier’s […]
  • Chelsea Toczauer
  • August 6, 2019

DOT denies Transcarga’s request for US-Venezuela flights

On Aug. 1, the U.S. Department of Transportation denied Venezuelan carrier Transcarga’s request for an exemption to engage in charter cargo transportation between the United States and Venezuela. The DOT cited the Department of Homeland Security’s concerns over security in Venezuela as the reason for the denial. Transcarga requested an exemption from the DOT to […]
  • Caryn Livingston
  • August 6, 2019

Cargolux signs labor agreements with unions LCGB, OGBL

Today, after a year of negotiations, Cargolux signed two new collective work agreements (CWAs) with unions LCGB and OGBL that will cover more than 1,300 employees at the airline.  One agreement extends from Dec. 1, 2018 to Dec. 31, 2019. The second will begin with the new year and extend through the end of 2022.   New terms dictate a 6% salary increase for ground staff […]
  • Brianne Ledda
  • August 5, 2019

XPO Logistics sees strong margins in Q2, despite challenges

Connecticut-based XPO Logistics reported strong margins during its second quarter this year, despite a decline in revenue and tough market conditions. The company’s stronger performance in North American less-than-truckload (LTL) operations helped to offset market weakness, and will inform XPO’s operational strategy going forward, company Chairman and CEO Bradley Jacobs said in a statement. “We’re […]
  • Caryn Livingston and Chelsea Toczauer
  • August 5, 2019

Hong Kong flight disruptions increase: Airport strike update

Disruptions to flights in and out of Hong Kong worsened on Monday after protesters coordinated strikes to bring the city to a standstill. After dozens of morning cancellations, airport authorities said they would reschedule flights starting from 12 p.m. local time and reduce the volume of arrivals and departures. Pilot and flight-crew unions for Hong […]
  • Bloomberg News
  • August 5, 2019

India’s SpiceXpress launches domestic freighter routes

Yesterday marked the launch of new narrowbody domestic freighter service for SpiceXpress, the cargo division of Indian low-cost carrier SpiceJet. According to an announcement from the company, the daily service will operate between Chennai Airport (MAA), Hyderabad (HYD), Delhi (DEL), Mumbai (BOM) and Bangalore (BLR). SpiceXpress operates two 737-700 converted freighters and has plans to […]
  • Caryn Livingston
  • August 2, 2019

Asia Pacific consumers prefer low costs and flexible shipping, UPS study says

Yesterday, UPS released a study on the habits of online shoppers in the Asia Pacific. Some of the key findings guiding habits, the study found, were delivery cost, flexibility and service quality.  The study finds that high delivery costs are the number one reason that consumers may abandon their online shopping cart. 39% of consumers surveyed opt not to […]
  • Brianne Ledda
  • August 2, 2019

Hactl’s logistics arm expands road feeder service

Today, Hong Kong Air Cargo Terminals Limited (Hactl) announced that its logistics arm, Hong Kong Air Cargo Industry Services Limited (Hacis), has extended its SuperLink China Direct (SLCD) scheduled road feeder service to Zhuhai and the western Pearl River Delta (PRD). The expansion of the SLCD service follows the signing of an agreement between Hacis and Civet (Zhu Hai) […]
  • Chelsea Toczauer
  • August 2, 2019

British Airways locked in negotiations to avert strike by pilots

British Airways is locked in talks with its pilot union in a last-ditch attempt to diffuse a dispute over pay and avoid a walkout by crew in the critical summer travel season. Management from the airline and representatives of the British Airlines Pilots Association, or Balpa, are meeting in London Friday at the U.K.’s state-backed […]
  • Bloomberg News
  • August 2, 2019
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