Airfreight in Europe reached full capacity two weeks ago, online pricing platform Freightos reported last week. High spot airfreight rates in the subsequent weeks have been high enough to motivate shippers to reconsider ocean shipping as a viable option. In addition to seasonally tight capacity affecting domestic and international freight shipments in the
Air Cargo
Air cargo growth expected to continue in 2018 – IATA
Forecasts from the International Air Transport Association (IATA) predict that airfreight volumes and revenues will rise 4.5 percent and 8.6 percent, respectively, in 2018. Global airfreight in 2018 is expected to see continued gains in both cargo volumes and profits, according to forecasts from the International Air Transport Association (IATA). Global industry
New York City tackles its ‘sagging’ air cargo industry
JFK airport, New York New York’s John F. Kennedy International Airport (JFK) handled more cargo than any other airport globally until 1990. A quarter of a century later, JFK’s ranking has fallen to 22nd globally, according to Air Cargo World’s, “Top 50 Cargo Airports” ranking. Yesterday, the city’s Committee on Economic Development held hearings
Air France-KLM, Jet Airways Cargo expand cooperation
Jet Airways, Air France-KLM deepen relationship Air France-KLM and Jet Airways Cargo are expanding their current partnership with the signing of a new memorandum of understanding (MoU), under which the carriers will aim to link their routes between India and Europe and integrate their commercial and cargo operations on the routes. Air
After FedEx Amazon’s Prime Air is next in line for the new Cessna SkyCourier 408
Amazon Prime plane Amazon.com’s Prime Air carrier could be a potential customer for Cessna manufacturer Textron, Inc., the head of the company’s aviation business told CNBC yesterday. “We see the whole freight industry as something that is going to double in the next 15 years, so we are investing in that
Asia’s airfreight markets keep racking up the gains
Percentage-point increase in freight load factors (FLF) for the month, year-over-year, overturning predictions that Asia's airfreight. Asian airfreight growth shows no signs of slowing down Asia’s airfreight market continued to burnish its reputation as the global breadwinner last month, with preliminary traffic figures for October showing a 5.8 percent rise, year-over-year, once
FedEx’s new Cessna deal creates launch point for pilot training program
FedEx’s Cessna SkyCourier 408 The U.S.-assembled feeder aircraft will continue fleet upgrade FedEx Express on Tuesday announced a major purchase of U.S.-assembled feeder aircraft to continue a push to modernize its 659-aicraft fleet. The Memphis-based air express unit of FedEx Corp. said it has agreed to buy 50 Cessna SkyCourier 408 aircraft with options to
Dubai-based cargo handlers complete blockchain technology test with IBM
Photo: (L-R) Sathish Jeyakumar – Principal Architect at the Emirates Innovation Lab, Srividhya Rangarajan - Process and Governance Manager at the Emirates Innovation Lab, Kevin Ennis - Vice President, Corporate & Business Development at dnata Cargo, Mohamed Hassan, Vice President of flydubai Cargo, Sam Chacko, Manager - Cargo Operations, flydubai Cargo,
Cargolux staff pockets €2,500 bonus in profit-sharing
Cargolux 747-400F noseloading When it was 2017, it was a very good year. Just in time for the holidays, all employees at the Luxembourg-based all-cargo carrier Cargolux received bonuses of €2,500, with another €2,500 to follow in May 2018, as part of the carrier’s profit-sharing program. Imagine your Ad placed here The pay-out to employees is
