Air freight management industry news and business issues for the logistics professional covering air cargo, pricing, screening, forwarding and service providers.
Posted 06/23 · 09:22 AM · LM Editorial
In its fourth quarter earnings report, Fedex explained its 6 percent y-t-d improvement on strong yield improvement in all transportation segments, as well as volume growth of ground and international express shipments.
Posted 06/15 · 10:50 AM · LM Editorial
Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.
Posted 06/14 · 08:56 AM · LM Editorial
While the International Air Transport Association further downgraded its 2011 airline industry profit forecast to $4 billion, Asia-Pacific carriers are expected to earn $2.1 billion—the most profitable of all regions.
Posted 06/10 · 10:04 AM · LM Editorial
In an effort to meet increasing shipper demand, global express delivery and logistics services provider DHL Express began service for new, next-day intercontinental flights between the U.S. and the Middle East and Asia-Pacific to the U.S.
Posted 06/10 · 07:36 AM · LM Editorial
Despite recent signs of a slackening pace of global economic growth, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year, according to an analysis by Beacon Economics of foreign trade data released this week by the U.S. Commerce Department.
Posted 06/08 · 11:40 AM · LM Editorial
The BTS said that the April Freight TSI at 107.5 is up 14.0 percent from the recent low of 94.3 in April 2009, which was its lowest level since July 1997. April’s Freight TSI is down 5.1 percent from its historic peak of 113.3 in January 2005.
Posted 06/07 · 05:27 AM · LM Editorial
The company is replacing a Boeing 757 narrow-body aircraft with a new and larger B-767 wide-body freighter, which increases cargo capacity by 50 percent on UPS’s 19 weekly flights into Central and South America.
Posted 06/03 · 01:26 PM · LM Editorial
I don’t know what is harder: figuring out what the economy is doing or hitting a curve ball? While I was a decent enough hitter growing up, I did not see too many breaking balls. But given all the noise about which way the economy is moving, I may be heading back to the batting cages.
Posted 06/01 · 11:23 AM · LM Editorial
Although the fluctuation of jet fuel surcharges and the supply/demand balance of air cargo capacity are elements that air shippers can’t control, there are several steps they can take to better manage the related, volatile costs.
Posted 05/26 · 08:19 AM · LM Editorial
Earlier this week, UPS marked the one-year anniversary of its Shenzhen Asia Pacific hub, which serves the company’s entire intra-Asian network. UPS also announced that in June it is rolling out a new direct weekly flight from Guam to Hong Kong, which connects Guam to the rest of the world.