Asia-Pacific carrier traffic declines from 2018, despite move into peak season

Many of the major Asia-Pacific airlines have now reported their results for October 2019 cargo traffic, and annual comparisons are not spectacular. Air cargo demand in October 2019, although lackluster compared to last year, remains higher month-to-month, indicating the presence of a peak season. For many carriers reporting October statistics, the month was the busiest so far, year-to-date. […]

WTO global trade barometer suggests continued weakness into 4Q for airfreight

The World Trade Organization’s (WTO’s) Goods Trade Barometer indicates that airfreight is down and below trend through to September 2019, which suggests air cargo will see continued overall weakness into fourth quarter of this year. Though some component indices have stabilized, others continue to decline, reflecting heightened trade tensions and rising tariffs in key sectors […]

CEVA opens new global headquarters in Marseille

The Swiss forwarder CEVA Logistics opened its new global headquarters in Marseille on Nov. 14. The new location is adjacent to the headquarters of French seafreight firm CMA CGM, which began its corporate governance of CEVA this year. CEVA struggled throughout 2018 and earlier, with declining air export volumes and net losses reported for multiple […]

Etihad, cargo.one deal expands cargo ops digitalization and forwarders’ network reach

Abu Dhabi-based carrier Etihad signed an agreement with digital airfreight booking platform cargo.one at an air cargo conference today, confirming Etihad as the latest carrier to join the multi-airline e-booking platform. For Etihad, the move advances its efforts in digitalizing its operations and for cargo.one grows the network of carriers and destinations available to its […]

Cargolux launches second weekly Luxembourg-Jakarta service

Luxembourg-based Cargolux Airlines launched a second weekly 747 freighter service between Luxembourg (LUX) and Jakarta (CGK), beginning Thursday. The new service departs LUX on Thursdays and arrives in Jakarta on Fridays. The second weekly flight adds to the carrier’s original LUX-CGK service, launched in June of this year, which departs LUX on Sundays and arrives […]

Zhengzhou Airport crafts aerotropolis strategy with Economic Zone development

Zhengzhou Airport (CGO), located in China’s central Henan province, is working to become a Chinese cargo hub with the construction of its Zhengzhou Airport Economy Zone (ZAEZ). The airport, which already hosts flights from international carriers such as Cargolux and AirBridgeCargo, has made several moves over the past year to grow its business with the […]

Runway expansion preps PHL carriers for long-haul route development

Philadelphia Airport (PHL) celebrated the completion of a five-year project that included the extension of one of the airport’s two main runways and construction of several new taxiways. The 1,500-foot expansion of the runway to 12,000 feet now enables the airport to accommodate the newest fleet of large aircraft that are popular on many long-haul […]

Consultant Insight: Forwarders end 3Q uncertain of what 2020 may bring

Declining volumes, profit improvements and a pessimistic outlook for 2020 pretty much sums up the latest earnings reports from major freight forwarders. Earnings reports from Kuehne + Nagel, DSV Panalpina, Expeditors, C.H. Robinson and DHL Global Forwarding and Freight were reviewed and while there was some positive news, overall, there is concern for the freight […]

Liege Airport signs Qatar Airways, Alibaba Cloud, Orange Belgium partnerships

At a cargo event that took place this week at Liege Airport (LGG) in Belgium, the airport signed three agreements further bolstering its rapidly growing air cargo operations. The partnerships are between the airport and Qatar Airways Cargo, technology subsidiary Alibaba Cloud and telecommunications company Orange Belgium, respectively. LGG’s agreement with Qatar Airways Cargo is […]

European carriers hold out hope for holiday season despite mixed October traffic 

European carriers’ mixed preliminary traffic results for October indicate a bumpy entrance into airfreight’s traditional peak season against a backdrop of continued uncertainty in global trade and politics. Air France-KLM, Lufthansa Group and International Airlines Group reported year-over-year declines in cargo traffic. Only Turkish Cargo reported volume growth for the month.   For the first ten […]

Air Charter Service opens expanded Americas headquarters in NY

Charter broker Air Charter Service announced the opening of its expanded Americas headquarters in New York. The United Kingdom-based company said the expansion was necessary to facilitate growth at its nine offices across the region. “Last year ACS Americas arranged just shy of 6,000 charter contracts across the nine offices and saw revenue of more […]

LATAM optimistic despite declines in 3Q cargo traffic, revenue 

LATAM Airlines’ cargo traffic reported a decline of 2.5% y-o-y during the third quarter to 853 freight tonne kilometers (FTKs), leading to a 9.8% decline in cargo revenue to US$251.7 million. LATAM said these figures are partially explained by the sale of its former subsidiary MasAir in the second half of 2018, which reduced LATAM’s cargo revenues by approximately […]
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