air cargo

More layoffs at freight-related firms: 607 workers cut across 4 states

Layoffs continue across the commercial transportation and freight industry, according to a new round of worker reduction notices in Florida, Texas, Illinois and Wisconsin.

It is the second round of layoffs since the beginning of July. Averitt Express, Bath & Body Works Logistics Services, ShipBob, and Henry Avocado Corp. announced a total of 218 layoffs earlier in the month.

Menzies Aviation

Menzies Aviation announced July 17 that it will eliminate 409 positions from its facility at Miami...

https://www.freightwaves.com/news/more-layoffs-at-freight-related-firms-across-4-states

FedEx to cut domestic flight activity by 60% 

FedEx Corp. plans to significantly slash daily flights and the number of U.S. cities served by air during the daytime when its air cargo contract with the U.S. Postal Service expires on Sept. 29, resulting in significant pay cuts for pilots, senior managers informed crews this week.

Shedding daytime flying capacity in response to the lost postal business is part of a broader FedEx (NYSE: FDX) initiative to boost corporate profits that includes restructuring airline operations to align with lower...

https://www.freightwaves.com/news/fedex-to-cut-domestic-flight-activity-by-60

Airfreight, contract logistics boost Kuehne+Nagel, DSV results

A 23% decline in operating profit during the second quarter represented sequential improvement for Swiss logistics giant Kuehne+Nagel, which credited increased airfreight demand with offsetting other sector declines and said it expects stronger profits in the back half of the year.

Meanwhile, Danish rival DSV on Wednesday reported a 12.4% reduction in operating income from the prior year compared to a 21% decline in the first quarter as the company reaped rewards from volume growth and market...

https://www.freightwaves.com/news/airfreight-contract-logistics-boost-kuehnenagel-dsv-results

Brazil approves Embraer structural modification for E190 freighter

Brazilian aircraft manufacturer Embraer says its engineering design to convert the E190 regional passenger jet into a freighter has been certified by Brazil’s civil aviation authority.

The announcement came Tuesday during the Farnborough airshow in England, where the new E-Freighter was unveiled to the public for the first time. The show has not spurred any orders so far.

Embraer’s first entry into the air cargo market is a small narrowbody jet that fits a gap between the standard Boeing 737 and...

https://www.freightwaves.com/news/brazil-approves-embraer-structural-modification-for-e190-freighter

UPS domestic revenue slips as customers trade down to economy service

UPS’ domestic parcel volumes returned to growth in the second quarter for the first time since late 2021, but the company’s stock was down 13% late Tuesday as revenue and operating profit fell below analysts’ predictions and the parcel logistics company tightened full-year guidance.

UPS now projects 2024 revenue of $93 billion versus a previous forecast of up to $94.5 billion and capital expenditures of $4 billion, $500 million less than before.

It’s been a busy few weeks for UPS (NYSE: UPS). The...

https://www.freightwaves.com/news/ups-domestic-revenue-slips-as-customers-trade-down-to-economy-service

Boeing bullish on freighter demand as National Airlines orders 777s

Charter operator National Airlines on Monday signed a letter of intent to purchase its first 777 freighter aircraft from Boeing days after the aerospace manufacturer slightly upped its 20-year forecast for cargo jets amid strong recovery in shipping demand.

Orlando, Florida-based National Airlines is expected to soon finalize a contract for four 777 freighters, which will join an expanding fleet of nine Boeing 747-400 freighters, the companies announced on the opening day of the Farnborough...

https://www.freightwaves.com/news/boeing-bullish-on-freighter-demand-as-national-airlines-orders-777s

Lynden Air Cargo pursues exemption to airdrop pallets from 500 feet

Alaska-based Lynden Air Cargo has asked federal regulators to allow airdrops of relief supplies below the current minimum altitude of 1,000 feet after receiving approval to modify a Lockheed L-100 Hercules transport aircraft with a system for delivering pallets out the rear ramp door.

The cargo airline said in a regulatory filing and blog post that the ability to deliver humanitarian aid while aircraft are in flight will help it respond to natural disasters, conflict zones and other...

https://www.freightwaves.com/news/lynden-air-cargo-pursues-exemption-to-airdrop-pallets-from-500-feet

CloudStrike, Microsoft give updates, troubleshooting tips after IT glitch

CloudStrike and Microsoft have released troubleshooting solutions after a global tech outage disrupted business across several industries and grounded thousands of flights Friday morning.

As far as freight is concerned, it appears the outage has caused issues mainly for airlines, as rail and maritime are not reporting notable outages. Outages affecting trucking freight have not been reported.

U.S. cybersecurity company CloudStrike says a software update rolled out to customers on Windows devices...

https://www.freightwaves.com/news/cloudstrike-microsoft-give-updates-troubleshooting-tips-after-it-glitch

Global IT outage slows air cargo shipments

Air cargo shipments are being delayed Friday by a widespread software outage that has crippled technology systems worldwide, including at airlines and airports.

The outage appears to stem from a software update for Microsoft Windows operating systems issued by cybersecurity firm CrowdStrike, which is causing computers at companies and institutions to crash. The company says the issue has been identified and a fix has been deployed.

FedEx and UPS said they have activated contingency plans to...

https://www.freightwaves.com/news/global-it-outage-slows-air-cargo-shipments

DHL, SF Airlines most impacted by 757 freighter crack risk

DHL Express and China-based SF Airlines are most impacted by the discovery of fatigue cracking in Boeing 757-200 aircraft that were converted from passenger to cargo configuration during the past 19 years, according to a FreightWaves analysis.

The Federal Aviation Administration last month issued an airworthiness directive requiring inspections within three months and repair and replacement, where necessary, to the lavatory service panel located on the fuselage bottom of freighters modified by...

https://www.freightwaves.com/news/dhl-sf-airlines-most-impacted-by-757-freighter-crack-risk

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