DHL Parcel increasing prices from September

DHL Parcel announced today that as of Sept. 1, 2019, it will increase its prices for business customers with list prices by €0.10. The increase is a toll surcharge per parcel.   Customers with individually agreed conditions rather than list prices will see a price adjustment at a later date, DHL said.  The integrator clarified that the specified toll […]
  • Caryn Livingston
  • July 29, 2019

HNA-backed Swissport plans $1.8B debt refinancing

Swissport International, the airport-cargo handler owned by Chinese troubled conglomerate HNA Group Co., said it plans to refinance some of its outstanding debt amid stable earnings growth. The announcement confirmed an earlier Bloomberg News report. According to Swissport’s statement on Monday, its 1.6 billion-euro ($1.8 billion) refinancing comprises of: A new 75 million-euro revolving credit […]
  • Bloomberg News
  • July 29, 2019

FedEx held back Huawei shipments, Chinese authorities say

Chinese authorities accused FedEx of intentionally holding back Huawei shipments from entering the country, in addition to other legal violations, state news agency XinhuaNet reported today.   The integrator accidentally diverted Huawei packages from the United Kingdom to the United States last month, leading FedEx to file a lawsuit against the U.S. Department of Commerce for an undue burden to “police” shipments after the […]
  • Brianne Ledda
  • July 26, 2019

Airport volumes slump in June gloom 

Preliminary results for June airport volumes worldwide are out, indicating continued market weakness across the globe, though this come as no surprise given continued tensions between China and the U.S. and looming Brexit concerns. Many leaders in air cargo are maintaining conservative outlooks on volumes for the rest of 2019 due to this sustained market volatility.   All […]
  • Chelsea Toczauer
  • July 26, 2019

AirAsia consolidates Thailand cargo capacity through Teleport, Triple i Logistics JV 

Malaysia-based carrier AirAsia’s digital cargo and logistics platform company, Teleport, signed a Memorandum of Understanding (MoU) with Triple i Logistics, the company that manages air cargo services on behalf of Air Asia Thailand and AirAsia X Thailand, establishing a joint venture to integrate cargo capacity in Thailand.   Under the terms of the agreement, the JV between Teleport and Triple i Logistics will serve to integrate cargo capacity for AirAsia Thailand […]
  • Chelsea Toczauer
  • July 26, 2019

American Airlines’ cargo revenue falls 15% in 2Q19

American Airlines’ cargo traffic fell 16.2% during the second quarter to 644 million cargo ton miles, or about 940 million freight tonne kilometers, leading to a 15.4% decline in cargo revenue, the company said this week during its earnings call.  “Our cargo yields were slightly higher during the quarter, but year-over-year scheduled reductions and falling demand in Asia and Europe markets meant that cargo revenue fell […]
  • Caryn Livingston
  • July 26, 2019

Flexport files complaint against Western Global, switches to Atlas Air for 747F ops

Air and ocean forwarder Flexport filed a complaint against Western Global Airlines (WGA) in a U.S. District Court in New York, alleging that “service failures” led to the carrier’s inability to meet the contractual obligations of a three-year operational leasing agreement the two parties signed last year. Under the deal, Western Global was to operate a 747-400BCF on behalf of Flexport through March 31, […]
  • Caryn Livingston
  • July 25, 2019

Atlas Air Worldwide expanding Kentucky ops with new facility

Today, Atlas Air Worldwide Holdings announced the expansion of its northern Kentucky operations with a long-term lease in a new facility in Erlanger, near Cincinnati/Northern Kentucky Airport (CVG). Although the company did not specify the purpose of the facility beyond “operations,” job postings for Atlas Air in Kentucky suggest it will be a flight operation […]
  • Caryn Livingston
  • July 25, 2019

Kuehne + Nagel expands network with Jöbstl Group, Worldwide Perishable Canada acquisitions

Kuehne + Nagel is expanding its logistics division with the acquisitions of Jöbstl Group, a medium-sized logistics company based in Austria, and Worldwide Perishable Canada Co. (WWP), a large perishables cargo company based in Canada.  With its integration into Kuehne + Nagel, Jöbstl Group will provide the overall group access to its existing overland network in Eastern Europe and 130 overland branch offices […]
  • Brianne Ledda
  • July 25, 2019

DB Schenker parent reports jump in net financial debt, capex for 1H19

Today, DB Schenker parent, Deutsche Bahn AG, released its preliminary figures for the first half of 2019 that showed a large increase in net financial debt and capital expenditures, and mixed results among its subsidiaries, DB Schenker and DB Cargo.  DB’s net financial debt rose to US$18.3 billion (€25.4 billion) as of June 30, 2019, up […]
  • Chelsea Toczauer
  • July 25, 2019

UPS reports Q2 growth on strong Next Day Air demand, announces new services and drone application 

Today, UPS reported second-quarter 2019 net income was up slightly by 1.0% year-over-year to $1.70 billion, on revenues that were up by 3.4% at $18.1 billion. Operating profit for the quarter grew 6.3% to $1.23 billion, as the company leveraged rising demand for U.S. Next Day Air service and cost management strategies in its International Package and Supply Chain and Freight segments.  The company also […]
  • Chelsea Toczauer
  • July 24, 2019

Mongolian startup cargo carrier prepares for launch

Earlier this week, startup carrier Mongolian Airways Cargo unveiled its first freighter aircraft during a ceremony held at its base in Ulaanbaatar (ULN). Once operational, the carrier plans to bridge the Mongolian capital to major hubs in East Asia and Europe with scheduled freighter capacity. Launching a cargo airline aligns with the government’s broader goals […]
  • Charles Kauffman
  • July 24, 2019

Korean Air signs Unilode lease

Earlier this week, Korean Air announced a five-year lease with unit load device (ULD) management company Unilode Aviation Solutions.   Unilode will oversee Korean Air’s fleet of more than 16,000 containers and pallets. In accordance with the agreement, the management company will set up a regional ULD management office at Incheon International Airport (ICN), in addition to taking over Korean Air’s […]
  • Brianne Ledda
  • July 24, 2019

UPS to add Sunday pickup, delivery in 2020

United Parcel Service Inc. will begin Sunday pickup and delivery next year, joining competitor FedEx Corp., which announced the move to seven-day service in May. The two largest U.S. couriers are under pressure to speed up deliveries as longtime customer Amazon.com Inc. morphs into a competitor by building out an overnight cargo-airline service, as well […]
  • Bloomberg News
  • July 23, 2019
Page 5 of 262« First...«34567 » 102030...Last »