Air freight management industry news and business issues for the logistics professional covering air cargo, pricing, screening, forwarding and service providers.
Posted 04/28 · 07:48 PM · LM Editorial
Results from the International Air Transport Association’s quarterly survey conducted in April point to a significant deterioration in sentiment on the outlook for industry profitability in 2011
Posted 04/08 · 10:36 AM · LM Editorial
Last month the Department of Homeland Security’s Transportation Security Administration (TSA) released an air cargo security update which is likely to have an impact on air cargo moving from non-U.S. locations inbound to the U.S.
Posted 04/07 · 06:13 PM · LM Editorial
The abrupt withdrawal of Boeing 737 aircraft from Southwest Airlines’ fleet had little impact on shippers, said an industry leader
Posted 04/07 · 08:50 AM · LM Editorial
UPS said that 69 percent of the 1,136 IBT members that voted approved the contract which covers 1,200 aircraft maintenance technicians and employees in related trades at UPS, by a 69 percent to 31 percent margin.
Posted 04/03 · 08:49 PM · LM Editorial
One must wonder why The European Commission would welcome last week’s World Trade Organization’s final case ruling on subsidies, as it clearly favors Boeing over Airbus. Still, a proud face was put up by the EU members, who maintain that Boeing has received subsidies in the past and continues to receive them today.
Posted 04/01 · 03:05 AM · LM Editorial
Leading trucking company CEOs say it’s time to pay down debt and put profit to work to recapitalize their businesses - all at a time of tightening capacity. For shippers, the days of rock bottom rates could be long gone.
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.
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.
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.
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.