K+N releases positive 2018 figures in first-half statement

Today, Switzerland-based forwarding giant Kuehne + Nagel (K+N) released its first-half results for 2018, reporting an airfreight volume increase of 18 percent over 1H17 to 863,000 tonnes. Operating profit (EBIT) in the Airfreight segment increased 20 percent in the half to US$182 million. Looking at the quarterly level, tonnage volume for Q1 increased by 21 […]
  • Nina Chamlou
  • July 19, 2018

Volga-Dnepr, CLA bolster presence at Liège

Today, Volga-Dnepr Group and U.K.-based subsidiary CargoLogicAir signed a memorandum of understanding with Liège Airport (LGG) to bolster their presence in Europe by developing a regional cargo hub at Liège. The deal will also mean Liège Airport will provide the carriers with ground handling, warehousing and office areas at the hub. This follows yesterday’s announcement […]
  • Nina Chamlou
  • July 18, 2018

Delta Cargo, Korean Air announce airfreight JV for trans-Pacific routes

Today, Delta Cargo and Korean Air Cargo launch a joint-venture partnership to share belly capacity and facilities in a move to capture demand for trans-Pacific airfreight services. The partnership introduces Korean Air to Delta’s intercontinental U.S. market, which will align it to import products, such as cell-phones, auto parts and electronics to North America. Heading […]
  • Nina Chamlou
  • July 17, 2018

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]
  • Nina Chamlou
  • July 17, 2018

Alaska Air’s Berry on ‘monumental’ expansion of domestic cargo frontiers

Seattle-based Alaska Air Cargo is often thought of for its unique, but vital, role in bridging air cargo flows between the state of Alaska, and the contiguous U.S. – a role that facilitates summer salmon barbecues in the Midwest, and stocks supermarket shelves throughout the state of Alaska. But this year, the carrier has taken […]
  • Charles Kauffman
  • July 11, 2018

IATA: Demand growth slows in May, as protectionist policies loom

May reports from the International Air Transport Association (IATA) and WorldACD show that the 2017 heyday of double-digit growth rates in the global air freight market are officially returning to normal levels. The organization said freight tonne kilometers (FTKs) increased by a moderate 4.2 percent, year-over-year, for the month of May. The figure is an […]
  • Nina Chamlou
  • July 6, 2018

Independence Fray: Taking a holiday on free trade

Today, we at Air Cargo World are taking the day off to celebrate the United States’ hard-won independence from its Mother Country 242 years ago. We Americans will break out the usual red, white and blue bunting and march in star-spangled parades. But this year, the celebration feels a little different – the fireworks a […]
  • Randy Woods
  • July 4, 2018

May airfreight demand growth slows

With the release of WorldACD’s air cargo performance results for May, the slowdown from last year’s consistent double-digit increases is undeniable. Although volumes are still increasing year-over-year, the increases are significantly less than those seen during 2017. Air cargo volumes worldwide increased by 2.6 percent y-o-y in May, down from the nearly 15 percent y-o-y […]
  • Caryn Livingston
  • July 2, 2018

Announcing the Cargo Facts EMEA Conference

It was with great excitement at Air Cargo World that we unveil the newest addition to the successful events lineup by our sister publication, Cargo Facts: Cargo Facts EMEA, to be held Feb. 5-6 at The Westin Grand in Frankfurt, Germany. Building on the success of the Cargo Facts Symposium and Cargo Facts Asia shows, and […]
  • Charles Kauffman
  • June 28, 2018

IATA expects slower growth with uptick in protectionism

In its second-quarter Cargo Chartbook, the International Air Transport Association (IATA) predicted a likely slowdown ahead for airfreight traffic, as traffic in freight tonne kilometers (FTKs) rose by a slower 4 percent, year-over-year, during the three months ended April. The positive air freight performance during 2017 was supported by overall strength in world trade demand […]
  • Caryn Livingston
  • June 28, 2018

ACS expands Frankfurt office to handle increased time-critical services

United Kingdom-based Air Charter Service (ACS) has moved its Germany-based offices to a larger location near Frankfurt Airport two years ahead of schedule, said the company’s time critical manager, Oliver Weigelt. The move was prompted to accommodate ACS’ expanding on-board courier services (OBC) team to handle time-critical deliveries. “Last year our contract numbers grew by […]
  • Nina Chamlou
  • June 27, 2018

Heathrow runway expansion wins majority Parliament vote amid opposition

Today, industry members with a stake in the battle for the expansion of London Heathrow Airport (LHR) have cause to celebrate following news of the U.K.’s House of Commons majority vote on the project, forecasted to cost £14 billion and see completion in 2026. However, the controversy around the decision has not died down. Groups […]
  • Nina Chamlou
  • June 26, 2018

AAPA reports stable May growth, warns of protectionist policies’ effect on demand

The Association of Asia Pacific Airlines (AAPA) today reported a 4.9 percent year-over-year increase in its member carriers’ cargo traffic to 6.13 billion FTKs. The AAPA said the growth was driven by generally solid economic growth across the Asia-Pacific region, combined with stronger demand for manufactured goods. The May growth is slightly lower than the […]
  • Nina Chamlou
  • June 26, 2018

Trade War Fallout: 5 ways the Trump tariffs could impact air cargo

In trade wars, there tend to many casualties and few winners. But in the current politically charged climate, a trade war is now a reality, as the United States decided in March to adopt an aggressive protectionist policy to correct what the Trump administration believes is a crippling trade deficit between the U.S. and several […]
  • Randy Woods
  • June 21, 2018
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