Air freight management industry news and business issues for the logistics professional covering air cargo, pricing, screening, forwarding and service providers.
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.
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
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
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
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.
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
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.
Posted 02/18 · 01:52 AM · LM Editorial
On the heels of President Obama’s recently released proposed fiscal year 2012 budget request, there have been no shortages of opinions regarding the transportation components of the budget, most notably the proposed six-year, $556 billion surface transportation reauthorization proposal.
Posted 02/15 · 02:48 PM · LM Editorial
California’s exporters nearly clawed their way back to pre-recession levels of trade with a strong performance in 2010, according to an analysis by Beacon Economics