Air Cargo News
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Demand for air freight through much of 2017 and into the first quarter of 2018 was boosted by stronger economies and trade, with e-commerce growth and a broader inventory restocking cycle keeping space tight and freight rates sky high. Air cargo is now heading into the slower summer months but capacity is expected to tighten into the fourth quarter. Double-digit growth in late 2017 means the year-over-year comparisons may not be as severe, but shippers have been advised to book their space early.
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No sign of recovery for slumping air cargo market

Jue, 10/24/2019 - 12:12
[caption caption="There was less cargo to put in Asia-Pacific freighters as tonnage carried by airlines in the region fell almost 6 percent in the first nine months of 2019. Photo credit: Shutterstock.com."][/caption]Global air cargo markets are unlikely to see a recovery until well into 2020, as trade frictions undermine business...

Top global transportation providers prospered in tumultuous 2018

Jue, 10/24/2019 - 09:35
[caption caption="Total revenue for the top 50 global transportation providers surged 9.2 percent year over year to $815 billion in 2018. Photo credit: Shutterstock.com."][/caption]Annual revenue for the top 50 global transportation providers grew at a high single-digit percentage rate in 2018, thanks in large part to a combination of factors...

DHL looks to capitalize on growing El Paso market

Jue, 10/10/2019 - 13:40
[caption caption="Demand for logistics space in El Paso remains “very strong,” according to industrial real estate developer CBRE. Photo credit: Shutterstock.com."][/caption]El Paso, Texas, may not rival Laredo as a long-haul truck crossing point for Mexican freight, but it is the hub of an extensive cross-border manufacturing region that encompasses Texas,...

US-China trade war drags air cargo down

Jue, 10/10/2019 - 00:31
[caption caption="The trade dispute between the US and China is an ongoing drag on air freight demand. Photo credit: Shutterstock"][/caption]The impact of the US-China trade war on air cargo has combined with slowing economies to drag down demand this year, with the Asia-Pacific market being particularly brutalized.August recorded the 10th...

Air cargo rates fall to four-year low

Mié, 10/02/2019 - 10:51
[caption caption="Hopes for a strong peak season are fading as the air cargo slump continues on the major trade routes. Photo credit: Shutterstock"][/caption]Global trade disputes, falling business confidence in key US and European markets, and a cautious approach to building inventory has dragged air cargo rates to their lowest in...

Soaring Shanghai-Europe air freight prices buck downward trend

Mié, 10/02/2019 - 10:45
[caption caption="There was a sharp increase in demand on routes out of Shanghai to Europe in September. Photo credit: Shutterstock"][/caption]Air cargo rates from Shanghai to Europe soared in September, going against the trend of falling prices out of Asia as Pudong International Airport captured a greater share of a market...

LAX air cargo upgrade delay disappoints stakeholders

Vie, 09/27/2019 - 14:21
[caption caption="An air cargo project is being delayed at LAX so the airport can focus on a massive $14.3 billion expansion and modernization program designed to speed travelers through the fourth-busiest passenger airport in the world. Photo credit: Shutterstock.com."][/caption]Stakeholders are disappointed but seemed resigned to the fact they will have...

LA air cargo expansion shelved

Dom, 09/15/2019 - 18:00
[caption caption="The new air cargo terminal was to be part of LAX’s massive $16 billion passenger terminal expansion and modernization program. Photo credit: Shutterstock.com."][/caption]A planned new air cargo terminal at Los Angeles International Airport, designed to streamline the transit of air shipments at the busy gateway, has been quietly shelved,...

Air shippers fear costs, delays due to Hong Kong X-ray rule

Mié, 08/28/2019 - 10:34
[caption caption="Air cargo volumes at Hong Kong International Airport fell 6.8 percent to 2.7 million tons in the first seven months of this year. Photo credit: Shutterstock.com."][/caption]Shippers and freight forwarders using Hong Kong International Airport (HKIA) could see substantial cost increases and disruption to cargo shipments after the world’s busiest...

Hong Kong airport chaos hampers air cargo

Lun, 08/12/2019 - 09:38
[caption caption="Hong Kong is the busiest air cargo airport in the world, handling more than 5 million tons in 2018. This means any disruption to cargo flows, such as those caused by the suspending of all passenger flights Aug. 12, quickly create bottlenecks that take time to unplug. Photo credit:...

European airport gateways feel cargo slump

Vie, 08/09/2019 - 10:05
[caption caption="There are no clear skies in sight for air cargo that has had a dismal first half with mounting concerns that the weakness in global markets will affect the end-of-year peak season. Photo credit: Shutterstock"][/caption]The freight performance of Europe’s airports in the first six months of 2019 has been...

Weak air freight, truckload hit Roadrunner’s Q2 line

Mié, 08/07/2019 - 13:32
[caption caption="Roadrunner"][/caption]A weak air freight market and dwindling truckload and intermodal volumes pushed Roadrunner Transportation Systems to lower revenues and profits in the second quarter, the company said Wednesday.CEO Curt Stoelting said the air cargo weakness is linked to truckload conditions and macroeconomic factors, which in general have been decelerating...

Slim summer pickings for air cargo as demand tumbles

Jue, 08/01/2019 - 12:39
[caption caption="It looks like there will not be much to load on cargo planes over the next few months with the market taking a deep downturn. Photo credit: Shutterstock.com."][/caption]Those analyzing the air cargo industry this year have tended to compare the poor performance in 2019 with that of two years...

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