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 […]
  • Nina Chamlou
  • February 28, 2019

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 […]
  • Nina Chamlou
  • February 27, 2019

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 […]
  • Nina Chamlou
  • January 8, 2019

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 […]
  • Randy Woods
  • December 28, 2018

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 […]
  • Nina Chamlou
  • December 21, 2018

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 […]
  • Nina Chamlou
  • December 12, 2018

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 […]
  • Nina Chamlou
  • December 6, 2018

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 […]
  • Nina Chamlou
  • November 28, 2018

Amazon Air adds ‘Valor,’ the fleet’s 40th freighter, to honor veterans’ service

More than two years after Amazon announced the order of 40 freighters that would form the backbone of its own-operated fleet of cargo aircraft, its air carrier subsidiary, Amazon Air, announced the delivery of “Valor,” the 40th 767-300 converted freighter, at a Monday post-Veteran’s Day event in Long Beach, Calif., attended by Amazon CEO Jeff […]
  • Nina Chamlou
  • November 13, 2018

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 […]
  • Nina Chamlou
  • November 12, 2018

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 […]
  • Nina Chamlou
  • November 6, 2018

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 […]
  • Randy Woods
  • November 1, 2018

Cargo Facts 2018: The peak marches on

SAN DIEGO—Following airfreight’s stellar performance in 2017 and the ongoing growth so far in 2018, industry there are concerns about slower growth in recent months, as well as potential damage to the air cargo market from the global trade war. Not panelists at today’s Cargo Facts Symposium, held by our sister publication, Cargo Facts, in […]
  • Caryn Livingston
  • October 11, 2018

DHL Express talks peak season projections, trade wars

CINCINNATI – This week, DHL Express hosted a tour of its facilities near Cincinnati/Northern Kentucky Airport (CVG) – the “super hub” of DHL Americas. Air Cargo World toured its sorting facilities and sat down with DHL Express’ CEO of Americas, Mike Parra, to talk about the current trade climate, including protectionist policy and the logistics […]
  • Nina Chamlou
  • September 28, 2018
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