Consultant Insight: Will 2020 be life changing or mean life support for air cargo?

Will 2020 begin with improving air cargo volumes? It’s possible, especially with easier year-over-year volume comparisons. According to IATA data, December 2018 marked the beginning of international freight tonne kilometers (FTK) declines that lasted through at least October 2019 (latest data available), except for March when FTKs increased by a paltry 0.1%. There are a […]

Consultant Insight: Forwarders end 3Q uncertain of what 2020 may bring

Declining volumes, profit improvements and a pessimistic outlook for 2020 pretty much sums up the latest earnings reports from major freight forwarders. Earnings reports from Kuehne + Nagel, DSV Panalpina, Expeditors, C.H. Robinson and DHL Global Forwarding and Freight were reviewed and while there was some positive news, overall, there is concern for the freight […]

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 […]

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 […]

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 […]

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% […]

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 […]

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 […]

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 […]

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 […]

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 […]
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