Company officials said that the majority of these aircraft are currently parked and not in revenue service, adding that it will take a non-cash impairment charge of $134 million, which is $84 million net of tax and recorded in the fiscal fourth quarter of 2012.

With the ongoing consolidation of air carriers, shippers are growing concerned about losing old relationships while having to forge new ones. Fortunately, freight intermediaries are helping them stay on course.

TSA officials said that this agreement will result in better communication sharing, stronger security, and more efficient air cargo transportation between the U.S. and the EU, which represents more then 1 million tons per year going to and from each continent and 20 percent of all EU outbound air cargo.

Brian pierce, chief economist at the International Air Transport Association (IATA), recently reported that there are mixed signals for air cargo shippers during this year and heading into next. Air cargo shippers need to be aware of the current and future challenges that are facing air carriers in order to better position themselves for the service levels and capacity they’ll need if their companies are going to compete on a global level.

A prominent air cargo security expert shared some insight with LM about the TSA's new December deadline for 100 percent cargo screening on international inbound flights to the U.S.

The Department of Homeland Security’s Transportation Security Administration (TSA) said this week that it has set a December 3, 2012 deadline, which requires passenger air carriers to conduct 100 percent cargo screening on international inbound flights.

Transportation and logistics bellwether UPS announced this week that it has expanded its UPS Express Freight service into Nicaragua and Honduras.

Jet fuel prices have risen 8 percent since January

Delta Air Lines wholly-owned subsidiary, Monroe Energy LLC, has reached agreement with Phillips 66 to acquire the Trainer refinery complex south of Philadelphia

Now that David Brooks has stepped down as American Airlines’ cargo president, the shipping community has lost one of its staunchest advocates on Capitol Hill