Japan Airlines, Kalitta Air enter freighter codeshare agreement 

Japan Airlines (JAL) announced the beginning of a freighter codeshare agreement with Kalitta Air. Under the agreement, Kalitta Air will operate three codeshare flights per week between Narita Airport (NRT) and Chicago O’Hare Airport (ORD) using 747-400F aircraft beginning today.   While JAL has chartered freighter flights based on seasonal demand in recent years, this new codeshare agreement with Kalitta Air establishes scheduled freighter service between Asia and […]
  • Chelsea Toczauer
  • August 1, 2019

Trade war bites into Atlas’ 2019 income

During its earnings call today, Atlas Air Worldwide Holdings CEO William Flynn revealed that “revenue and earnings in the second quarter were below our expectations, as air cargo volumes and yields were affected in the near term by the widely reported impact of tariffs and trade tensions.” The situation is unlikely to improve in the […]
  • Caryn Livingston
  • August 1, 2019

WorldACD, Drewry June figures snap dismal picture of 1H2019  

Following the challenging political and economic conditions experienced over the first half of 2019, WorldACD released its report indicating a decrease of 9% in international airfreight volumes year-over-year for the month of June. Meanwhile, Drewry said airfreight prices are continuing to rise.  According to WorldACD, airlines suffered a y-o-y decrease of almost 15% in revenue, combined with a […]
  • Chelsea Toczauer
  • August 1, 2019

United Cargo expands TempControl network and services

Today, United Cargo announced that it would be expanding its TempControl services for shipping pharmaceutical, helathcare material and other temperature-sensitive cargo to Mexico City International Airport (MEX) through an interline agreement with AeroUnion.  Under the agreement, United Cargo will transport TempControl shipments to Los Angeles International Airport (LAX), which will then be transferred to AeroUnion’s daily widebody service to MEX. TempControl shipments going to MEX can depart from any certified handling location in the […]
  • Brianne Ledda
  • August 1, 2019

Cathay Pacific develops solution for lithium-ion batteries on freighters

Standalone lithium-ion batteries can once again be carried by Cathay Pacific Cargo on its freighter aircraft, after the carrier developed and introduced a fire-containment bag. Shipments of standalone lithium-ion batteries are a significant driver of freighter traffic, especially given the growth of e-commerce and personal electronic devices. Under a provision adopted by the ICAO Council in February 2016, lithium-ion […]
  • Jeff Lee
  • August 1, 2019

DSV grows profit, airfreight volumes during 1H19

Danish forwarder DSV posted revenue and profit growth over the second quarter and first half of 2019, the company said in its interim financial report today. The forwarder also managed to grow its airfreight volumes during the first half, despite challenging global market conditions. DSV’s revenue increased by 3.0% during the second quarter and 5.8% […]
  • Caryn Livingston
  • July 31, 2019

CharterSync’s first trading week totals 16 completed charters 

Yesterday, London-based startup CharterSync announced its success in completing 16 time-critical air charters over the course of its first week of trading, following its launch at Air Cargo Europe Munich last month. The platform, which is intended to add transparency to cost while finding suitable charter options for customers, generates time-critical air charter options with quotes for […]
  • Chelsea Toczauer
  • July 31, 2019

US-China trade tariffs hit Hong Kong’s local airfreight market 

DHL Hong Kong Air Trade Leading Index’s (DTI) latest quarterly report indicates that ongoing trade disputes between the U.S. and China are also negatively impacting Hong Kong’s air imports and exports.  The DTI quarterly report, commissioned by DHL Hong Kong and conducted independently by the Hong Kong Productivity Council (HKPC), assesses air traders’ forward-looking business outlook for air import […]
  • Chelsea Toczauer
  • July 31, 2019

BIFA echoes warning that UK, EU are unprepared for no-deal Brexit

The British International Freight Association (BIFA) has warned of the likely negative impact of the United Kingdom leaving the European Union without an exit deal in place – a so-called no-deal Brexit – since the possibility emerged. The trade association this week released a statement in support of a Confederation of British Industry finding that few companies […]
  • Caryn Livingston
  • July 31, 2019

Challenging first half for Lufthansa Cargo in interim results

Lufthansa Group reported a 2% year-over-year decline in traffic for both the second quarter and first half of 2019, which the group attributed to “lower economic growth and market uncertainty in the face of trade conflicts and Brexit.”  Traffic figures stood at 4.50 billion revenue tonne kilometers (RTKs) for Q2 and 5.24 billion RTKs for the first […]
  • Caryn Livingston
  • July 30, 2019

Deutsche Post DHL, Austrian Post ink last-mile parcel delivery agreement

Today, Deutsche Post DHL Group announced it signed an agreement with Austrian Post to facilitate last-mile parcel delivery for cross-border shipments in Slovakia and the Czech Republic.   Under the agreement, Austrian Post subsidiary In Time will deliver parcels sent by DHL customers to Slovakia. Meanwhile, Deutsche Post DHL Group’s Czech subsidiary, PPL CZ, will deliver parcels sent by […]
  • Chelsea Toczauer
  • July 30, 2019

Bulgaria selects Munich Airport, Meridiam, STRABAG consortium for Sofia Airport 

The Bulgarian Ministry of Transport, Information Technology and Communications selected a consortium comprised of German operator Munich Airport, French investment firm Meridiam and Austrian construction company STRABAG to jointly operate Bulgaria’s Sofia Airport (SOF), according to a statement Munich Airport released yesterday.  The consortium was selected following a global tender process conducted by the Bulgarian Government, with the support of […]
  • Brianne Ledda
  • July 30, 2019

DB Schenker unveils connect 4.0 shipping platform in the U.S. 

Today, DB Schenker announced the launch of its new, digital “connect 4.0” shipping portal in the United States.  The connect 4.0 platform expands on the capabilities of DB Schenker’s current online platform, eSchenker, and now allows shippers to receive quotes for air or ocean shipments, and to book and track these shipments from pickup to delivery at all times. The new portal […]
  • Chelsea Toczauer
  • July 29, 2019

AAPA: Industry weakness persists with June’s 7.2% declines in FTKs for Asia

The Association of Asia Pacific Airlines (AAPA) released preliminary traffic figures indicating a 7.2% year-on-year decline in air cargo demand as measured in freight tonne kilometers for June. According to the AAPA, this is the eighth consecutive month of declining traffic and volumes for the region.  The average international freight load factor for the month fell 5.1 percentage points to […]
  • Brianne Ledda
  • July 29, 2019
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