Air Cargo

The Drewry Air Freight Price Index for rates out of Asia fell 9.3 percent in July from the month before to its lowest level since February as the market felt the impact of weak demand and plentiful c

The terrorists attacks of September 11 forced the U.S. government to take a closer look at not only the security risks facing their airspace, but at its ports, railroads and highways as well.

Lufthansa Cargo Charter boosted its presence in North America by signing an agreement with Airline Network Services, a U.S.-based general sales agent, to cover the Canadian market.

FedEx is mulling buying up to 50 widebody freighters from Boeing and Airbus to update its aging fleet, according to a report by Bloomberg.

China will need 5,000 new commercial planes valued at $600 billion by 2030 as the country becomes the second-largest aircraft market after the U.S., aircraft manufacturer Boeing said Wednesday.

Wall Street research firm Wolfe Trahan Group is reducing its estimates for transportation earnings per share as economic headwinds gain strength.

Air France-KLM’s cargo traffic fell 0.2 percent in August, as gains on Americas services were outweighed by lower volume on Asia-Pacific routes.

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U.S.

The Cass Freight Index for U.S. shipments grew 4.4 percent in August over the same month a year ago, the smallest gain in a year-and-a-half and a sign of fragile demand in the American economy.

Air France-KLM is launching a new round of cost cuts, including a hiring freeze and deeper capacity reductions, as the European airline group moves to preserve profitability amid deteriorating conditi

Air cargo is losing market share to container shipping as high air rates and falling ocean freight rates widen the price gap between the two transport modes, said International Air Transportation Asso

FedEx Express, in a significant expansion of its Asia operations, opened its largest express facility in China.

Kuehne + Nagel will acquire J. van de Put Fresh Cargo Handling of Amsterdam, a Dutch handling agent for perishable goods.

Merck will use UPS Supply Chain Solutions to manage its worldwide health care supply chain.

United Airlines Cargo will unveil a new lineup of offerings for pharmaceuticals and other temperature-controlled cargoes on Sept. 20.

Boeing on Sept. 19 will deliver to all-cargo carrier Cargolux the first of its 747-8 freighters, which the manufacturer believes will be the anchor for future international cargo transport.

The international air cargo market is stagnating, with traffic shrinking 0.4 percent in July from a year ago and capacity far outstripping demand, said the International Air Transport Association.

Damco, the combined logistics brand of A.P. Moller-Maersk, launched an online calculator enabling shipper to track the carbon dioxide emissions for products shipped by ocean and air.

Aeroports de Paris expanded first half net profit by almost 31 percent to $259 million, but the French airport operator said upheavals in North Africa and an asset sale will cut into earnings the rest

Purolator International, moving to double its footprint in the United States, said it plans to open three more branch offices in the U.S. this year after opening seven facilities since January.

Freight tonnage at Los Angeles International declined for the fourth straight month in July, falling 7.3 percent in an accelerating slump in cargo business at North America’s largest Pacific air

U.S.

UPS added 100 all-electric delivery vehicles for deployment in California, bolstering its fleet of more than 2,200 alternative fuel vehicles and tripling its electric transport fleet.

The operating company that runs Singapore Changi Airport says it earned a $278 million profit in the fiscal year ending in March, helped by a 13 percent gain in revenue that was pumped up by a growing

Toll Group’s net profit in the fiscal year June 30 rose 1 percent year-over-year to $281 million, as the Australia-based logistics firm was hurt by an economic slowdown in its home country, part

Freight traffic for Asia-Pacific airlines fell for the fourth straight month in July, a 4 percent decline that has air carriers viewing the rest of 2011 with growing pessimism.

Semiconductor sales in the first half of 2011 grew 3.7 percent from the same period a year ago, although sales dipped 1.5 percent between May and June, said Semiconductor Industry Association.

An improved market and extra capacity boosted Qantas Freight’s earnings before interest and taxes by 48 percent year-over-year to $62 million in the financial year ending June 30.

Cargo traffic at Memphis International Airport grew 2.1 percent in June from the same month a year ago, an uptick that provided signs of life in the U.S. air express market.

AirBridge Cargo Airlines launched a three-times-weekly 747-400 freighter service between Amsterdam and Maastricht airports in the Netherlands and Zhengzhou, in north-central China.

Lufthansa is warning that a planned ban on night time flights at Frankfurt airport would allow the Middle East to overtake Europe as a global cargo hub.

FedEx Trade Networks opened its first office in Romania and added offices in Germany and China, as the air and ocean freight forwarder expands its network outside of U.S.

China freight operator Sinotrans said its profit in the first half of the year rose 7.6 percent year-over-year to $86.5 million, as growth in the forwarder’s business within China offset the dec

States received another $208 million in stimulus from the Department of Transportation in the week ending Aug.

UPS named Jim Barber, a 26-year veteran of the company, as its new president of the European region, which also encompasses the Middle East and Africa.

Damco saw its profit grow 9 percent year to $361 million in the first half of 2011 from the same period a year ago, as ocean and air freight volume increased despite what the logistics arm of A.P.

Tonnage through Taiwan’s Taoyuan International Airport in the first half of the year fell 6.7 percent year-over-year to 817,433 metric tons.

Saudia Arabian Airlines agreed to pay $14 million to settle a class action lawsuit accusing the airline of conspiring with other carriers to raise freight rates between 2000 and 2006.

Apple shipped more mobile computers than any competitor in the second quarter, vaulting it over HP to the market lead, said research firm DisplaySearch.