What is next? Industry observers peer into the crystal ball

After a tough couple of years for air cargo, a group of industry executives offered a look into their various crystal balls during a session on Industry Trends Wednesday at the World Cargo Symposium in Los Angeles. While the mood seemed to be one of trepidatious optimism, the prevailing opinion seemed to be that while […]

WCS looks to the future with drones, world market

Andreas Raptopoulos, CEO for Matternet, captured the World Cargo Symposium’s attention when he flew a drone in front of the audience. The whirr filled the quiet room, and audience members recorded the drone on their phones. “We think we can create a new kind of transportation paradigm,” Raptopoulos told the audience. One billion people have […]
  • March 13, 2014

Air cargo industry readies for ACC3 regulation

In a poll of the World Cargo Symposium audience, 19 percent of those affected by ACC3 said they will not be ready by the July 1 deadline. All carriers who fly cargo and mail into the European Union from non-EU countries must have their security operations validated. In order to comply with the EU regulation, […]
  • March 13, 2014

Air cargo share of market slips

Airfreight’s share of the market is slipping, said Gert-Jan Jansen, executive director of Seabury Group, at the World Cargo Symposium. “Air cargo has lost a lot of ground to ocean,” Jansen said. This is due to factors such as modal shift and growth in demand for products that are more likely to be shipped by […]
  • March 13, 2014

Cargo leads American/US Airways integration

Cargo plays a major role in American Airlines’ operations, generating more than $800 million in cargo revenue annually, COO Robert Isom said during the Opening Plenary session at the World Cargo Symposium in Los Angeles. “The opportunity for us in cargo is to provide incremental revenue for the airline without significant costs,” Isom said. That, Isom said, […]

FedEx CEO: Beware of protectionism

FedEx founder, chairman and CEO Fred Smith sounded the alarm during the WCS Opening Plenary regarding what he views as the culprit for the slow growth of global trade: rising protectionism.  In a speech similar to one he delivered at the Journal of Commerce’s Trans-Pacific Maritime Conference last week, Smith urged attendees to urge their […]

ACE Awards 2014 ceremony set for March 10

The world’s top cargo airlines and airports will be honored the evening of March 10 during Air Cargo World’s annual Air Cargo Excellence Awards ceremony. The much-anticipated event will be held immediately following the International Air Transport Association World Cargo Symposium Welcome Reception at the Hyatt Regency Century Plaza in Los Angeles. Winners from last […]
  • December 19, 2013

How E-freight can restore industry’s profitability

Tony Tyler, CEO and director general of IATA, pulled no punches in assessing the challenges that lie ahead for the air cargo industry at the World Cargo Symposium opening plenary in Doha, Qatar. “Since 2003, we have generated $5 trillion in revenues. And yet we struggled just to cover our costs and barely broke even,” […]
  • April 3, 2013
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