Air Cargo Forwarder News

UPS said Friday it did not pay for support from a conservative group that was reported to have solicited donations from FedEx in the package carriers’ legislative battle over labor law.

British Airways on July 17 announced it will raise more than $1 billion in cash to survive “the biggest crisis the aviation industry has ever known.”

A major conservative interest group asked FedEx for a $2 million to $3 million donation in exchange for the group’s backing in a legislative battle with UPS, according to a published report Friday.

London - The UK government scrapped controversial plans to partially privatize Royal Mail, the state-owned postal company, citing "market conditions."

Cargo traffic at Miami International Airport fell 19.4 percent in May as the slide in freight business at the key Latin America gateway got deeper, the airport reported.

Freight traffic for Asian airlines fell 18.6 percent in May from the same month last year, but the business showed signs of life with a slight improvement from the month before.

UPS debuted a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turke

The Toll Group, the Melbourne, Australia-based provider of integrated logistics services, will expand its Asia-based express courier business with the acquisition of three Asia-based international exp

Polar Air Cargo Worldwide named former DHL Express executive Thomas Murphy to the position of chief operating officer.

London -- Lufthansa, Europe's second largest airline, on June 22 said it will acquire control of BMI British Midland next month after agreeing to an out-of-court settlement with the majority sharehold

Lufthansa Cargo and DHL Express gave downbeat assessments of prospects for the global air cargo market June 19 as they officially launched their joint cargo airline, AeroLogic.

Shipments of personal computers, hit by a steep decline in shipping by onetime industry leader Dell, fell 8.1 percent worldwide in the first quarter, according to a report released Friday.

Cargo traffic at Brussels Airport plunged 41.3 percent in May as one of Europe’s largest hubs faced a rapid rush of freighter business from the airport.

FedEx reported an $876 million net loss in its fiscal fourth quarter ending May 31 on Wednesday but company chief Frederick Smith said he believes the economy likely appears to have reached the bottom

Only global trade will pull the economy out of recession, but the framework for global trade will have to change, says the chairman and CEO of transportation giant UPS.

Frankfurt airport, Europe's biggest air cargo hub, reported the six month long decline in air freight traffic slowed significantly in May, providing further evidence the global air cargo market has st

The Paris Air Show opened Monday with subdued optimism.

Boeing is cutting back its forecast for air cargo growth over the next 20 years because of the global economic downturn but still expects the world’s freighter fleet to expand by more than 1,300

Cargo handled by Hong Kong International Airport’s top freight handler edged up 1.8 percent in May from April in a slim sign of improvement at the world’s largest international freight air

A key government measure of U.S. freight shipping fell to its lowest level in seven years in April, the government reported.

Lufthansa reported the six month long plunge in cargo traffic leveled out in May, mirroring the experience of its close European rivals Air France-KLM and British Airways.

FedEx is going after UPS directly in an aggressive new campaign the express carrier launched Tuesday against efforts to make the company a more ready target for unions.

UPS and the Independent Pilots Association averted an immediate furlough of 300 UPS pilots through voluntary cost-cutting programs identified by the IPA that could save $131 million over the next thre

The world's airlines will collectively lose $9 billion in 2009, almost double the forecast less than three months ago, according to the International Air Transport Association.

Japan's two largest airlines saw their international cargo volume fall in April on a year-on-year basis amid the deep global economic slump, according to their monthly reports.

TNT, providers of express and mail delivery services, launched the first-to-market and only integrated road network across South America, linking Argentina, Brazil and Chile.

FedEx will take some $1.2 billion in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses, the company announced

London -- A British private investor group, CVC Capital Partners, offered $3.3 billion for a 30 percent stake in Royal Mail, the UK's state-owned postal company.

Economic recovery will occur when consumer spending turns around, unemployment bottoms out and the business inventory-to-sales ratio improves, but that will take awhile, according to the chief economi

UPS acquired a company that has been acting as its agent for small package delivery in Slovenia since 1991.

Air Transport Services Group’s subsidiary ABX Air completed a lease agreement with its principal customer, DHL.

International air freight fell 21.7 percent in April as the pace of decline in expedited shipping accelerated around the world.

The U.S. House of Representatives passed the Federal Aviation Administration reauthorization bill yesterday, including a provision making it easier for the Teamsters union to organize FedEx.

Emirates airline’s parent company said its profit slid 72 percent in the year ending March 31 as the global downturn hit even the financially strong Middle East carrier.

FedEx Express agreed to use a cold chain system provided by CryoPort Systems for frozen shipments for the life science industry.

Delta Airlines and Air France-KLM on May 20 launched a trans-Atlantic joint venture they expect to generate annual revenue of more than $12 billion serving more than 400 destinations in Europe and Nor

Air France-KLM, Europe’s biggest airline by revenue, reported its cargo business plunged to a $284 million loss in fiscal 2008/2009 from a $53.4 million profit in the previous year amid slumping

Japan's Nippon Cargo Airlines, a subsidiary of Nippon Yusen Kabushiki Kaisha, resumed flights between Tokyo and New York for the first time in nearly 10 months.

Japan's two largest airlines saw their international cargo volumes nosedive in March amid the deep global economic downturn, according to their monthly reports.

Freight airline Air Transport Services Group shrugged off the large loss of revenue from downsizing DHL business to nearly triple its net profit to $11.1 million in the first quarter.