Stifel Confidence Index bearish compared to 2015

In spite of a slight month-to-month rise of 0.5 points, the March edition of the Stifel Logistics Confidence Index fell 9.3 points, year-over-year, compared with March 2015. However, it is important to note that in 2015, airfreight confidence was exceptionally high, given the continued impact of the U.S. West Coast port strikes. Three quarters of […]

Cargolux’s dual-hub strategy pays off

If Cargolux’s 2015 full-year results are a reliable indicator, the carrier’s much-debated dual hub strategy has paid off handsomely. In a year in which the cargo arms of many airlines struggled, Cargolux posted record volume and sharply increased profit, and continued to add freighters to its fleet. Check out the analysis of these latest numbers by […]

WCS 2016: ICAO’s Dr. Liu projects notable air cargo growth through 2030

BERLIN — While the chief aim in the freight business is to move as much cargo as possible, the International Civil Aviation Organization (ICAO) is in existence to make sure it’s done as safely as possible — and that is despite some notable growth in air cargo expected through 2030, said ICAO Secretary General, Dr. […]

Profits improve for K+N on strength of airfreight

Like its fellow Swiss-based rival Panalpina, freight forwarder Kuehne + Nagel ended up with a tidy profit at the end of 2015, in spite of a stagnant cargo market. But unlike Panalpina, which saw a 2.5 percent decline in air cargo volume, K+N’s success came largely from a 4.7 percent increase in airfreight demand top […]

Panalpina sees small profit amid 2015’s soft market

Although global freight forwarder and logistics company Panalpina suffered a drop in revenue, from $6.73 billion to US$5.88 billion in 2015, the Swiss company’s EBIT moved edged up from $117.1 billion to $117.6 billion at the close of last year, while net profit rose slightly to $88.5 billion from $86.79 billion in 2014. These results […]

Brussels’ January pax traffic expands at expense of cargo

Brussels Airlines reported strong results from January, with passenger traffic rising by 8.5 percent, compared to the same month last year, along with a load factor that improved by 7.8 percentage points, year-over-year. The bump in traffic, however, did not translate to belly cargo, as the Belgian carrier saw a 15.7 percent, y-o-y, decline in […]

AF-KLM finds black ink, but cargo losses mount

It’s been a long, hard climb back to overall profitability for Air France-KLM, which reported a 2015 net income of €118 million, compared to its €225 million loss in the strike-plagued 2014 – its first annual net profit since March of 2011. However, cargo figures continued to show declines, with revenue tonne kilometers (RTKs) dropping […]

FTA launches airfreight working group in U.K.

With increasing concern over airport capacity in southeastern England, the Freight Transportation Association (FTA) is launching a new Air Freight Working Group to help shape the future of the U.K. logistics sector. Airfreight being a crucial part of the U.K.’s logistic plan, as well as the wider economy, FTA said the new group will be […]

Liberalization of African skies may finally arrive in 2017

It’s been a long time coming, but it appears that liberalization may finally be coming to the skies over Africa, but perhaps not until next year. This was the assessment by an aviation lobbying group called the African Airlines Association (AFRAA), which told the Chinese Xinhua news service that significant progress has been made on […]

World ACD: Top forwarders lose market share in 2015

While worldwide air cargo volume increased by about 2 percent in 2015, the latest figures from WorldACD Market Data said the top 20 freight forwarders lost some market share for the year, dropping from 44.5 percent to 43 percent in terms of revenue, and from 43 to 42 percent in terms of volume. The Amsterdam-based […]

2015: The results are in

The International Air Transport Association released its airfreight market analysis for the full year 2015, indicating that worldwide air cargo traffic was up 2.2 percent, led by 2.5 percent growth in international traffic, while domestic traffic was almost flat (up just 0.1 percent) with 2014. David Harris, editor of our sister publication, Cargo Facts, provides […]

LATAM cargo limps through November

LATAM’s cargo traffic remained weak in November, in particular due to the continued poor performance of Brazil’s domestic and international markets. Brazil’s GDP barely grew in 2014, and it shrank by 4.5 percent in the third quarter of this year, compared to the same period 2014, per The Economist. It is expected to shrink by […]

Air cargo demand to remain weak in 2016, IATA says

As we draw toward a close of a volatile 2015 that saw airfreight demand skyrocket in the early months only to cool down and stagnate for much of the rest of the year, the International Air Transport Association (IATA) is predicting continued sluggishness for most of 2016, thanks to continued weak growth in world trade, […]
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