Air France-KLM reports ‘slowdown’ in Q1 cargo volume

Citing an economic slowdown, as well as “political uncertainties and trade disputes,” Air France-KLM said today that the resulting pressure on airfreight rates caused a 4% unit revenue drop in its first-quarter results. Due to the sluggish economy, airfreight tonnage was essentially flat, at 270,000 tonnes, for the three-month period ending March 31 “Several network […]

WorldACD shows 3.1% decline in volumes for March

Following the deep declines in air cargo volumes at the start of the year, March volumes rose by 25% compared to February, but it was not enough to avoid a 3.1% overall drop in first-quarter volumes, compared to the previous year, reported market analysis firm WorldACD. A total of 23 of the 36 geographical markets […]

C.H. Robinson reveals mixed Q1 results on lower air income, volume

Reflecting an uncertain market for air cargo and forwarding activities, U.S.-based forwarder C.H. Robinson Worldwide released first-quarter results with some strong revenue figures, along with some lackluster activity in its airfreight sector. For the three-month period ended March 31, C.H. Robinson reported an 8.4% rise in net revenues to US$678.8 million, compared to the same […]

The Air Cargo Caucus: Our friend in Washington

It’s no secret that air cargo remains a challenging and competitive market. In an industry faced with disruptors and increasing supply chain demands, agility is essential to maintain airfreight’s speed and commercial advantage. Several members of the U.S. Congress who seem to understand this value are now formally coming together on Capitol Hill to spread […]

DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]

CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]

Cargo demand continued to sag among Asia-Pacific carriers in March

As we begin to pull away from the January/February time frame that is usually skewed by the effects of Chinese Lunar New Year, the preliminary March cargo figures from the Association of Asia-Pacific Airlines (AAPA) remain depressed, though slightly improved compared to January and February, falling by 3.2% compared to the same month in 2018. […]

Bolloré to begin global rollout of CargoWise One platform

In a strategic agreement with logistics firm WiseTech Global, French forwarder Bolloré Logistics, said this week it will begin the rollout of the CargoWise One integrated logistics solutions platform on a global scale, starting in May. Currently used in more than 130 countries, CargoWise One is a transportation management system (TMS) that enables customers to […]

Cargo was Alaska Air’s fastest-growing unit in Q1

Seattle-based Alaska Airlines reported strong growth for its cargo unit during the first quarter of 2019, even as the overall U.S. domestic air cargo market simmered to a more tepid growth rate. Operating revenues for the carrier’s cargo and other segments rose 22%, year-over-year, to US$50 million for the three-month period ending on Mar. 31. […]

K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]

Lynden Air Cargo adding more cities to scheduled freighter network

Even as U.S.-based combination carriers began reporting lackluster March cargo traffic, demand for air cargo transport outside the contiguous United States remains buoyant. Yesterday, Lynden Air Cargo announced that beginning 30 April, the carrier will add twice-weekly scheduled service to St. Mary’s and Emmonak from its hub in Anchorage. For more details, please see Charles […]

Cargolux reports record high net profits in ’18, fleet to expand

In spite of what it called “slower economic growth in the second half of the year,” all-cargo carrier Cargolux reported US$211.2 million after-tax consolidated net profit in 2018, which was a new record for the Luxembourg-based carrier. The higher net profit represented a 73% increase from the previous year’s net income of $122.3 million, even […]

Can STOP Act help reduce drug trafficking via USPS loophole?

Forwarders and carriers in the United States are already taking part in the air cargo advance screening (ACAS) program to help prevent explosives and illegal drug from entering the country via the cargo supply chain. But what is being done about narcotics being sent via the U.S. Postal Service (USPS) which still handles the lion’s […]
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