Air freight management industry news and business issues for the logistics professional covering air cargo, pricing, screening, forwarding and service providers.

FedEx, UPS roll out new air cargo offerings

Posted 03/29 · 08:50 AM · LM Editorial
FedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.

Political unrest slows global growth

Posted 03/29 · 07:49 AM · LM Editorial
The International Air Transport Association today announced scheduled international traffic for February 2011 showing increases of 2.3 percent for cargo demand compared to February 2010.

FedEx reports a 3 percent decline in net income for fiscal third quarter

Posted 03/17 · 11:46 AM · LM Editorial
Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.

Japan’s air cargo sector also stressed

Posted 03/16 · 09:14 AM · LM Editorial
With the closing of three Japanese ports — Sendai, Hitachinaka and Kashima — some U.S. manufacturers and retailers may be opting for air cargo alternatives to meet shipping and sourcing deadlines.

Japan’s earthquake may disrupt global supply chain

Posted 03/11 · 01:16 PM · LM Editorial
U.S. West Coast seaports and airports remain on high alert today, following the devastating earthquake that struck Japan on Friday

Air Forwarders look to Asia for new business

Posted 03/10 · 05:43 PM · LM Editorial
As the Airforwarders Association annual conference gets underway in San Diego today, the industry continues to focus on the Pacific Rim

IATA’s air cargo forecast now less rosy

Posted 03/03 · 06:45 PM · LM Editorial
As widely anticipated, the International Air Transport Association announced a cut in its forecast for airline industry profits

2011 State of Air Cargo Special Report: Will fuel determine the course?

Posted 03/01 · 09:43 AM · LM Editorial
Today, fuel and capacity issues continue to loom large for air cargo carriers, while shippers are being told that tactical adjustments, especially in the growing Intra-Asia trade, will need to be made at a moment’s notice as carriers re-adjust their networks.

IATA issues positive statement on air cargo growth

Posted 03/01 · 08:25 AM · LM Editorial
The International Air Transport Association announced international scheduled traffic results for January showing a 9.1 percent growth in air freight compared to January 2010

House T&I Committee signs off on FAA reauthorization

Posted 02/18 · 10:06 AM · LM Editorial
Following the introduction of the FAA Reauthorization and Reform Act of 2011, H.R. 658 by the leadership of the House Transportation and Infrastructure Committee last week, the bill was approved by the committee this week by a 34-25 margin.
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