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

Top 5 airfreight trends to expect for 2019

Happy new year! Every January brings with it anticipation of the months to come and what they hold for airfreight logistics. Trade wars, recent WorldACD reports and the impending finale of Brexit have instilled uncertainty into the market, but the outlook for this year still suggests growth. We at Air Cargo World, have chosen the […]
  • Chelsea Toczauer
  • January 1, 2019

Davies Turner doubles warehousing capacity in Scotland

Giving fodder to rumors of increased demand for logistics services in the United Kingdom in anticipation of Brexit, prominent U.K.-based forwarder Davies Turner has doubled the size of its Glasgow presence, moving to a 10,000-square-foot facility due to “a much-needed extension of our airfreight operations in Scotland.” Some U.K.-based logistics firms have already reported unseasonably […]
  • Nina Chamlou
  • December 6, 2018

Trade with N. America, S.E. Asia, helps boost HKIA cargo growth by 2.8 percent in Oct.

Hong Kong International Airport (HKIA) released its October traffic results, which show a 2.8 percent increase in its cargo handle to 451,000 tonnes and a growth in transshipments of 7 percent, year-over-year. The margins are fairly impressive, considering the environmental factors at play, namely an internationally flattening demand for airfreight, as well as the current […]
  • Nina Chamlou
  • November 21, 2018

Dimerco offers alternative to U.S.-China trade with Indonesia partnership

Taiwan-based logistics company Dimerco is helping its trans-Pacific customers avoid extra costs from protectionist trade policies by offering its services in Batam, Indonesia, which operates under a Free Trade Zone (FTZ). The deal was struck through a strategic partnership with PT Uniair Indotama Cargo – a member of Dimerco Express Group with a strong Southeast […]
  • Nina Chamlou
  • October 31, 2018

Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have been impacted by […]
  • Nina Chamlou
  • October 25, 2018

Atlas Air to operate 747F for SF Express on trans-Pacific routes

Atlas Air Worldwide Holdings’ subsidiary Atlas Air recently inked a new ACMI lease agreement with SF Express to operate a 747-400F on trans-Pacific routes for the express carrier. The deal, which will commence in October, will expand the Shenzen-based SF Express network into the trans-Pacific market. SF Express has traditionally operated a fleet of narrowbody […]
  • Nina Chamlou
  • September 21, 2018

FedEx anticipates record-breaking peak season, warns of trade tensions

During FedEx’s FY Q1 2019 earnings call yesterday, CEO Fred Smith said the company is anticipating record-breaking volume during this year’s peak season. The positive news follows the company’s announcement last week that it will expand its U.S. ground operations to six days a week in response increased demand for e-commerce – this, despite current […]
  • Nina Chamlou
  • September 18, 2018

XPO Logistics reports 178 percent increase in net income in Q2

Today, XPO Logistics hosted its interim earnings call for the three months ended June 30 – reporting an overall net income increase of 178 percent to US$159 million, compared to the same period last year. The company said second-quarter growth was led by continued “demand for e-commerce logistics globally, as well as by the consumer-packaged […]
  • Nina Chamlou
  • August 2, 2018

U-Freight endorses WCO framework as trade war heats up

As international trade policy tensions continue to swell, Hong Kong-based logistics firm U-Freight Group has advocated for use of the World Customs Organization’s (WCO’s) newest publication – today releasing a statement that advocates the merits of the framework, which were created to help customs and other government agencies navigate challenges with cross-border e-commerce activity. The […]
  • Nina Chamlou
  • July 20, 2018

Alibaba’s Ma cautions against U.S.-China trade war

Stakeholders in the air cargo industry have been critical of U.S. President Donald Trump’s protectionist rhetoric since before he took office in 2017. Yesterday, Alibaba chairman Jack Ma added to the chorus of disapproval as he discouraged pursuit of a trade war between China and the United States, while embracing “American-led globalization.” Ma’s commentary on […]
  • Caryn Livingston
  • April 12, 2018