air cargo

Asia Pacific Airlines on notice for $2.9 million FAA fine

The Federal Aviation Administration has issued a preliminary fine of $2.9 million against Aeromicronesia Inc., a cargo airline based in Guam that does business as Asia Pacific Airlines, for safety violations related to pilot training and equipment.

Asia Pacific Airlines provides scheduled and ad hoc charter service between Guam, the Marshall Islands, Micronesia, the Northern Mariana Islands, American Samoa, Palau and Honolulu. It has five Boeing 757-200 converted freighters on its registry, but...

https://www.freightwaves.com/news/asia-pacific-airlines-on-notice-for-2-9-million-faa-fine

United Airlines sets bar for Q1 cargo performance

United Airlines, buoyed by a significant recovery in market conditions, delivered surprisingly strong cargo results in the first quarter that likely will be the benchmark for comparing the performance of other airlines.

United (NASDAQ: UAL) reported after Tuesday’s market close that sales for freight and mail were $391 million, a notably small dip of 1.8% from the same three-month period in 2020 considering the air logistics sector’s 16-month slump that lasted into the second half of 2023 and...

https://www.freightwaves.com/news/united-airlines-sets-bar-for-q1-cargo-performance

CMA CGM outsources new trans-Pacific service to Atlas Air 

Ocean shipping giant CMA CGM’s startup cargo airline has hired U.S.-based Atlas Air to provide crews for the launch this year of a trans-Pacific route with new Boeing 777 freighters that were not previously disclosed. And it doubled its order for next-generation Airbus A350 freighters later this decade in its effort to develop a global network.

The airline, which was established in 2021, announced on Tuesday that it will take possession of two factory-built Boeing 777-200 cargo jets this year...

https://www.freightwaves.com/news/cma-cgm-outsources-new-trans-pacific-service-to-atlas-air

White Paper: Embrace the future of logistics with emerging tech

Tired of inefficiencies eating into your profits? Frustrated by customer demand outpacing your capacity? You’re not alone. The supply chain is changing rapidly, and falling behind is a risk no airline or freight forwarder can afford.

The good news? A new era of emerging technologies promises to optimize freight and cargo operations. Using these tools, you can:

  •   Maximize cargo capacity on flights
  •   Improve routing efficiency
  •   Boost on-time performance metrics

But realizing these gains is far...

https://www.freightwaves.com/news/white-paper-embrace-the-future-of-logistics-with-emerging-tech

Cargo airline sends new Boeing 767 freighters directly to storage

The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned.

The decision represents the latest case of an all-cargo airline throttling back on fleet expansion plans made during the COVID crisis when a shortfall in shipping capacity sent rates through the roof and...

https://www.freightwaves.com/news/cargo-airline-sends-new-boeing-767-freighters-directly-to-storage

Decline in Delta Air Lines’ Q1 cargo revenue has silver lining

The rate of decline in cargo revenue at Delta Air Lines slowed further in the first quarter, reflecting an overall improvement in global market conditions for airfreight. 

Atlanta-based Delta (NYSE: DAL) on Wednesday reported record first-quarter adjusted revenue of $12.6 billion, but cargo revenue fell 15% year over year to $178 million. The world’s second-largest passenger airline by passengers carried almost never mentions cargo beyond a line on the income statement, but the earnings news...

https://www.freightwaves.com/news/decline-in-delta-air-lines-q1-cargo-revenue-has-silver-lining

ABX Air pilots choose cooperation over confrontation 

LOUISVILLE, Ky. — The exhibit hall at the Omni Hotel here was filled in mid-February with booths representing airlines, logistics providers, airports, truck delivery companies and technology vendors marketing their capabilities to industry peers attending the AirCargo 2024 conference. The stall with a handful of ABX Air pilots from the Teamsters union stood out.

Pilots never attend air logistics conferences, let alone rent space for a display. Why would they? They don’t have anything to sell....

https://www.freightwaves.com/news/abx-air-pilots-choose-cooperation-over-confrontation

UPS plans to hire 300 pilots to support Postal Service contract

UPS is looking to hire more than 300 pilots to support an anticipated increase in air cargo demand driven by a new multi-year contract from the U.S. Postal Service, according to the union representing the company’s air crews.

“The Independent Pilots Association Executive Board was informed that UPS HR is resuming their pilot hiring process to account for the additional volume surge that will occur as the year progresses,” the union said in a statement shared with FreightWaves. “The initial...

https://www.freightwaves.com/news/ups-plans-to-hire-300-pilots-to-support-postal-service-contract

Postal Service’s air cargo shift to UPS makes everyone a winner 

The U.S. Postal Service’s decision this week not to renew a contract with FedEx, worth more than $1.5 billion per year, for domestic air transport and award it to UPS after more than two decades actually benefits all three parties, according to industry analysts. 

At face value, the arrangement seems a blow for FedEx (NYSE: FDX), which will lose one its biggest customers when the existing contract expires on Sept. 29. And it raises questions about how UPS (NYSE: UPS) can make a decent profit...

https://www.freightwaves.com/news/postal-services-air-cargo-shift-to-ups-makes-everyone-a-winner

Bankrupt charter airline iAero to cease operations

iAero Airways, the largest passenger charter and cargo carrier in the U.S., will cease operations on Saturday after an unsuccessful effort to restructure the company under bankruptcy protection, President Timothy Rainey informed employees.

Headquartered in Greensboro, North Carolina, iAero operates several narrowbody cargo jets for DHL Express. Other customers include the National Hockey League and U.S. Immigration and Customs Enforcement. The airline’s main flying base is at Miami International...

https://www.freightwaves.com/news/bankrupt-charter-airline-iaero-to-cease-operations

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