London Heathrow Airport (LHR) got off to an optimistic start in 2018, reporting today that it tallied a new record in cargo volume for January, with a year-over-year increase of a 6.9 percent in metric tonnes of cargo moved for the month. These positive figures suggest that forecasts of continued growth
Air Cargo
Air freight demand up 9% in 2017, strongest since 2010
Loading platform of air freight to the aircraft The International Air Transport Association (IATA) has released full-year 2017 data for global air freight markets showing that demand, measured in freight tonne kilometres (FTK) grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016. Freight capacity, measured in
UPS extends international special commodities program to over 100 countries
February 7, 2018: United Parcel Service (UPS) recently announced a major expansion to its International Special Commodities (ISC) program where customers will be able to ship biological substances, dangerous goods in excepted quantities, and shipments utilizing dry ice to additional 50 global destinations. This brings the total number of countries served
Time is running out for shippers as Chinese New Year looms
With less than two weeks left until the Chinese New Year shuts down logistics operations across the world’s largest cargo market, online freight platform Freightos is warning shippers to move quickly or risk costly delays. “International freight movements out of China will be disrupted for a good 3-4 days each side
UPS order for Boeing freighters highlights trade growth
N577UP United Parcel Service (UPS) Boeing 747-44AF photographed at Cologne / Bonn (CGN / EDDK) by Helmut Schnichels Singapore (Reuters) - A recovery in international trade is reviving demand for aircraft once proudly linked to long-haul passenger travel and now mainly dependent on hauling cargo to stay in production. The upturn underscores
British forwarders demand infrastructure investment following NIC report
Heathrow airport cargo terminal Shortly after a report was released Friday in the United Kingdom, criticizing the slow pace on infrastructure development across the country, the British International Freight Association (BIFA), representing U.K.-based freight forwarders, echoed similar admonishments to Parliament regarding the continuing delays in the third-runway project for Heathrow Airport. In the
Final 2017 results show healthy growth, yields for airfreight industry
The double-digit growth recorded through most of 2017 added up to the strongest growth over a calendar year since 2010, IATA reported today, as freight tonne kilometers across the airfreight industry rose by 9 percent for the year, compared to 2016. Last year saw improvement in world trade conditions generally while
American Airlines announces Double-digit growth in cargo revenues boosts in 2017 profits
...adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, “a remarkable year.” While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a
Why Airfreight Traffic Is Up
Companies are shipping more items by plane to meet customers’ rising expectations for fast delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and
American Airlines Cargo records strong 2017 growth
With the past year’s results rolling in, American Airlines posted particularly strong results for its cargo sector, with overall cargo traffic growth reported 15 percent higher year-over-year compared to 2016 – substantially higher than the 9.7 percent growth reported by IATA for 2017. The carrier attributed the healthy y-o-y improvement to