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