Air cargo’s peak season – promising or a bust?

A year that started with great uncertainty will likely end the same. As we head into the traditional peak season, the world is faced with increasing trade barriers and weakening demand for goods. Global manufacturing activity is hovering dangerously close to contraction for many countries and for some countries, including the United States, contraction has […]

Panalpina’s mediocre 2018 results reflect a challenging Q4 for air segment

A day after Kuehne + Nagel released its fourth-quarter and full-year figures for 2018, the “other” giant Swiss forwarder, Panalpina, did the same, underpinning a unifying theme that the last quarter of 2018 was a challenge for most of the international logistics community. Panalpina reported that its airfreight volumes grew by 5 percent, year-over-year, during […]

Strong start to 2018 masks K+N’s weak Q4 results

Swiss forwarding giant Kuehne + Nagel just released its annual results, which show respectable growth in volume and profit looking at the year as whole, but a less fortunate story during the fourth quarter, in which airfreight volume declined 1.5 percent, year-over-year, to 441,000 tonnes and operating profit from airfreight stayed flat, at about US$19 […]

Overall air cargo demand is flat, but certain pockets thrive

The 31-month streak of year-over-year increases in demand for air freight had to end sometime, and that time has now arrived, according to the latest roundup of November 2018 air cargo totals from IATA, as well as from cargo analysts WorldACD. However, while the current trade environment and flat macro-economic averages portray a grim picture […]

The top 10 most-read Air Cargo World articles in 2018

With 2019 just a few days away, we at Air Cargo World would like to pause to reflect on this mostly positive but tumultuous year in air cargo – a year of airfreight traffic booms, labor concerns and a strong peak season, tempered by the chill winds of global protectionism and looming Brexit worries for […]

November rates ‘highest of last 4 peak seasons,’ Drewry finds

Trans-Pacific airfreight rates hit a four-year high of US$3.18 per kilogram during the month of November – a 5 percent jump from October and a 2 percent year-over-year increase, according to Drewry’s latest East-West Index report. Philip Damas, director of Drewry Supply Chain Advisors, the logistics consultancy arm of Drewry, said that, while the industry’s […]

Lufthansa Cargo’s added capacity underpins seasonal shipping efforts

Lufthansa Cargo has reinstated its annual capacity boost between Germany and the U.S. with the addition of its Frankfurt (FRA)-New York (JFK) MD-11 route, “exclusively for Deutsche Post [AG], and especially in the service of Santa Claus,” the carrier said today. The service will run until Jan. 3, offering space on the 60-tonne capacity widebody […]

IATA’s Oct. results for cargo demand show slim international growth

International demand for airfreight for the month of October grew at a relatively weak rate of 3.1 percent, measured in freight tonne kilometers (FTKs), compared to the previous October, according to the International Air Transport Association (IATA). The figure is a slight improvement following September, when the organization reported a 29-month low of 2.5 percent […]

AAPA reports steady growth during October

The Association of Asia Pacific Airlines’ (AAPA) most recent traffic results suggest that October was a healthy month for Asia-based carriers, despite continued fears rooted in recently implemented trans-Pacific trade policies. The average cargo traffic totals from the organization’s member airlines, measured in freight tonne kilometers (FTKs), increased by 5.6 percent, year-over-year, which is about […]

Dachser to offer FRA-PVG charter services during peak

In another sign of a robust peak season to come, Frankfurt-based logistics provider Dachser said it will be organizing charter flights on its Frankfurt (FRA)-Shanghai (PVG) route again this year, expanding capacity between central Europe and Asia in anticipation of the period of increased demand for air freight. “We are expecting this year’s peak season […]

British forwarders see demand increase during usually slow time of year

The United Kingdom-based logistics community is experiencing the first subtle waves of the disruptions to the supply chain sure to come with Brexit, according to one regional forwarder Davies Turner. The company said it is experiencing an unseasonal bloat in demand for warehousing capacity for early 2019 – which is normally a slow period following […]

Atlas reports strong Q3, expects more for peak season

Atlas Air Worldwide Holdings (AAWW) reported third-quarter net income of US$71.1 million, up from a net loss of $24.2 million for Q3 of 2017, and expects a strong performance for the fourth quarter on expectations of a record peak season. Operating income was up by 3.3 percent, year-over-year, during Q3, to $54.5 million, while total operating […]
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