Airfreight braces for more tariffs as trade war expands [VIDEO]

The news late last week of additional tariffs levied by China on $75 billion worth of U.S. goods and a subsequent increase from 25% to 30% in tariffs imposed by the U.S. on Chinese goods is the latest development in the trade war that has already pushed some supply chains out of China and into […]
  • Caryn Livingston
  • August 26, 2019

UPS, FedEx shrug off concerns over Fentanyl screening requirements

In the midst of a string of tweets this morning from United States President Donald Trump that reignited investor unease over the ongoing trade war between the U.S. and China, UPS, FedEx and Amazon were among those companies whose share prices fell as Trump specifically directed them to increase their screening for Fentanyl. https://twitter.com/realDonaldTrump/status/1164914963766546435?s=20 Despite […]
  • Caryn Livingston
  • August 23, 2019

Cargo Insights: How to regulate the ‘Wild West’ of e-commerce?

Anyone who watched the television show “Gunsmoke” knows that the American “Wild West” could be a dangerous place where notorious outlaws preyed on small towns to enrich themselves at the expense of others. Law enforcement was present but, in many cases, spread thin so the local sheriff would usually form a group of willing and […]
  • Brandon Fried
  • August 21, 2019

Trade war bites into Atlas’ 2019 income

During its earnings call today, Atlas Air Worldwide Holdings CEO William Flynn revealed that “revenue and earnings in the second quarter were below our expectations, as air cargo volumes and yields were affected in the near term by the widely reported impact of tariffs and trade tensions.” The situation is unlikely to improve in the […]
  • Caryn Livingston
  • August 1, 2019

DSV grows profit, airfreight volumes during 1H19

Danish forwarder DSV posted revenue and profit growth over the second quarter and first half of 2019, the company said in its interim financial report today. The forwarder also managed to grow its airfreight volumes during the first half, despite challenging global market conditions. DSV’s revenue increased by 3.0% during the second quarter and 5.8% […]
  • Caryn Livingston
  • July 31, 2019

FedEx held back Huawei shipments, Chinese authorities say

Chinese authorities accused FedEx of intentionally holding back Huawei shipments from entering the country, in addition to other legal violations, state news agency XinhuaNet reported today.   The integrator accidentally diverted Huawei packages from the United Kingdom to the United States last month, leading FedEx to file a lawsuit against the U.S. Department of Commerce for an undue burden to “police” shipments after the […]
  • Brianne Ledda
  • July 26, 2019

Tripping over tariffs

Temporary disruptor, or catalyst for supply chain revolution? An effortless downswing launches a ball up into the sky where it bisects an incoming China Southern 747 freighter making its final approach toward the nearby airport’s eastern runway. Unbeknownst to the golfer, a footwear executive in town for an urgent supply chain meeting, she has more […]
  • Charles Kauffman
  • July 11, 2019

May traffic declines reflect trade war damage, says IATA

The International Air Transport Association (IATA) released data today indicating that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4% y-o-y in May. The analysis, which shows a slight improvement from the 5.6% dip in April, confirms previous Air Cargo World reports on May traffic.   Freight capacity growth, which rose 1.3% y-o-y in May, continued to exceed growth in demand for the 13th […]
  • Brianne Ledda
  • July 3, 2019

July’s digital issue of Air Cargo World is here

The June 2019 digital edition of Air Cargo World magazine is now available to read on our website. As this issue of Air Cargo World was going to press, hundreds of aircraft following flight paths that would have crossed the Persian Gulf found themselves in a difficult situation. After the U.S. nearly launched an airstrike […]
  • Charles Kauffman
  • July 2, 2019

Lululemon increasing airfreight ahead of port congestion in Asia

In an effort to get ahead of impending tariff-fueled port congestion, Canadian clothing retailer Lululemon will be increasing its international airfreight shipments before the fall. PJ Guido, Lululemon’s CFO, brought up the shift during a June 12 conference call to discuss Q1 results, when he mentioned that the company expects “gross margin to be flat […]
  • Brianne Ledda
  • June 13, 2019

Cargo Chat: cargo-partner’s Tolentino optimistic despite trade shifts, tariffs

First it was the 1997 Asian financial crisis. Then came the 2000 “dot-com” crash and the 2008 global financial crisis. In the most recent iteration of “black swan” events to ruffle the feathers of global business, the world has encountered Brexit. Perhaps more comparable to a sitting duck, the Atlantic fowl has found good company […]
  • Chelsea Toczauer
  • June 5, 2019

IATA downgrades 2019 outlook for global air transport

The International Air Transportation Association (IATA) reduced its 2019 outlook for the global air transport industry by 21% to $28 billion in a statement released yesterday. IATA had previously forecast the 2019 outlook at $35.5 billion. Under the new forecast, 2019 industry performance is expected to fall under 2018’s net post-tax profits, which IATA estimates […]
  • Caryn Livingston
  • June 3, 2019

ANA sees exports to China plunge in first quarter

Japanese carrier ANA’s airfreight traffic to China took a serious hit in the first three months of 2019, with Shinya Katanozak, president and CEO of ANA Holdings, reporting to local media that the amount of cargo dropped by 24% compared to the same period last year. According to ANA traffic figures, ANA’s overall international cargo […]
  • Jeff Lee
  • May 31, 2019
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