Lufthansa leads Series A funding for online freight platform Fleet

Lufthansa Cargo led a US$10 million Series A round of financing in Fleet, an online freight platform startup, with participation from investors, including Hunt Technology Ventures and UPS. Fleet is an online marketplace that matches customers’ demand for freight services with available capacity provided by logistics companies, offering an alternative to the conventional freight-forwarding model. […]

Unprecedented volumes force Lufthansa Cargo to add additional seasonal flights

Lufthansa Cargo has temporarily expanded its freight capacity for Deutsche Post AG, in response to the enormous volume of Christmas mail and parcels between Germany and the United States. From mid-November until Dec. 19, Lufthansa Cargo is operating an MD-11 each Monday on the Frankfurt – New York / JFK – Frankfurt route. That adds […]

Air Cargo Executive of the Year: Peter Gerber stays one move ahead

In the game of chess, the key to victory is the ability to stay several moves ahead of your opponent. With proper planning, an adroit chess player who may seem to be backed into a corner can make the precise moves to flip the momentum of the game. By the third quarter of 2016, Lufthansa […]

Lufthansa Cargo, Fraport Ground Services renew contract through 2025

Lufthansa Cargo AG and Fraport AG Ground Services have signed a contract to extend their ground-handling partnership at Frankfurt Airport (FRA) for eight more years. The agreement, extending from January 2018 to December 2025, covers aircraft ground handling – particularly the loading and unloading of Lufthansa Cargo’s freighter aircraft. Transportation of cargo to and from […]

Rising demand, cost-cutting program help Lufthansa soar in Q3

In the latest instance of a carrier benefiting from the global surge in demand for airfreight, The Lufthansa Group said its earnings before interest and taxes (EBIT) in the third quarter of 2017 reached  €21 million, compared to a loss of €17 million in Q3 of 2016. The German carrier said that, apart from the […]

Time to vote for ACW’s Air Cargo Executive of the Year nominees

As the end of the year approaches, we at Air Cargo World are reaching out to readers to vote for our annual Air Cargo Executive of the Year award, celebrating the highest achievement in the air cargo industry. The 2017 Air Cargo Executive of the Year will be named and profiled on the cover of […]

Robust German economy keeps Frankfurt cargo volumes climbing

The German government increased its 2017 economic growth forecast this week to 2 percent for this year, up from its more conservative 1.5 percent estimate in April as the country’s economy steams ahead. At Frankfurt Airport (FRA), a 4.1 percent, year-over-year, growth in monthly cargo volumes for September support that outlook, as strong demand for […]

WFS doubles Boston-Logan cargo handling operation

Cargo handler Worldwide Flight Services (WFS) secured three new customers via contracts beginning in September and October and secured a new building at Boston-Logan International Airport (BOS) last month, more than doubling its cargo handling capacity at the airport, WFS announced. During 2016, WFS said it handled more than 24,000 tonnes of cargo. Its new […]

With passenger ops in doldrums, Cathay turns to cargo for good news

First came the Persian Gulf and mainland Chinese carriers. Then the low-cost competition kicked in. Yesterday, Cathay Pacific posted its worst first-half loss in at least two decades as it continues to lose passengers to its rivals. With no improvement in conditions expected this year, cargo was the only bright spot in Cathay Pacific’s otherwise […]

Swiss WorldCargo’s Perez gives inside scoop on what shippers want

A few months ago, Andres Perez worked at Estée Lauder, a vertically integrated company where demand for goods could be accommodated by adding a few more shifts and simply producing more. But now that he’s the new head of business development and customer experience at Swiss WorldCargo, Perez is working with defined volumes in a […]

At time:matters, technology drives growth

MUNICH — Franz-Joseph “FJ” Miller is about to become the former-CEO of time:matters, the time-critical transport company that he started “from scratch,” in 2001 with just a handful of employees as a spin-off from Lufthansa Cargo. But stepping down doesn’t mean that he’s bailing on the industry, he explained to Air Cargo World at this […]

United, Lufthansa Cargo JV to share freight capacity, booking, handling

Finally, some good news regarding United – United Cargo, that is. After two years of negotiations, United Cargo and Lufthansa Cargo entered into a joint venture this week, covering a wide-range of cargo cooperation on routes between the United States and Europe. The trans-Atlantic deal, first proposed in 2015, covers cooperation on available capacity and […]

ACE Awards 2017: Winners for top carriers

On the carrier side, one of the most impressive improvements was seen at UPS Airlines, rising from 97 overall points and just missing a certificate last year to 113 points and a Diamond Award for carriers handling more than a million tonnes of cargo annually. Jim Mayer, public relations manager for the giant integrator, said […]
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