air cargo

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

UPS wins air cargo contract with Postal Service, replaces FedEx

UPS will replace FedEx as the dominant provider of domestic air cargo for the U.S. Postal Service for the first time in more than 20 years. The express delivery giant on Monday announced that the Postal Service has awarded it a “significant” contract to move the majority of the mail agency’s air cargo in the United States.

The contract will take effect on Sept. 30 and calls for a 5.5-year minimum base term, according to the Postal Service. FedEx’s (NYSE: FDX) contract with the U.S. Postal...

https://www.freightwaves.com/news/ups-wins-air-cargo-contract-with-postal-service-replaces-fedex

FedEx initiates targeted layoffs; UPS sheds workers at Ontario airport 

FedEx Corp. is laying off an undisclosed number of workers across the organization, despite posting stronger-than-expected quarterly results last week, as the company strives to hit targets for right-sizing the company. Meanwhile, parcel delivery rival UPS (NYSE: UPS) will eliminate more than 300 positions at its regional air hub in Ontario, California, because of slower volume.

In an unrelated move, FedEx Supply Chain Solutions said it plans to release more than 300 workers at a Georgia...

https://www.freightwaves.com/news/fedex-initiates-targeted-layoffs-ups-shed-workers-at-ontario-airport

YunExpress charters Atlas Air freighters for US e-commerce service

All-cargo airline Atlas Air on Thursday announced that YunExpress, a freight forwarder based in China that specializes in cross-border small package delivery, has signed a long-term transportation services agreement for dedicated use of a Boeing 777-200 freighter.

YunExpress launched its first 777 charter service, operated by Atlas Air, in December between Xiamen, China, and Miami. Atlas Air did not issue a news release at the time about the new partnership.

YunExpress is a subsidiary of Zongteng...

https://www.freightwaves.com/news/yunexpress-charters-atlas-air-freighters-for-us-e-commerce-service

White Paper: How Do Shippers Plan to Navigate Current Air Cargo Conditions?

Companies across sectors have struggled to find efficient, predictable and affordable transportation options over the past year. This is especially true for companies with a global footprint, as they often find themselves moving goods between continents. Many global shippers rely heavily on air cargo to move goods quickly. Recently, however, these companies have felt the pinch of rate fluctuations, leading to increased difficulty managing costs. During the same time frame, a lot of these...

https://www.freightwaves.com/news/white-paper-how-do-shippers-plan-to-navigate-current-air-cargo-conditions

Uzbekistan-based cargo airline My Freighter adds third Boeing 767

My Freighter, a startup cargo airline based in Tashkent, Uzbekistan, has received its third Boeing 767-300 converted freighter from Air Transport Services Group, the U.S. leasing and aviation services company announced on Monday.

My Freighter took delivery of its first 767-300 in early November. ATSG (NASDAQ: ATSG) sends the former passenger aircraft to airframe repair specialists to tear down and rebuild the interior to handle large containers before leasing them to customers.

The airline...

https://www.freightwaves.com/news/uzbekistan-based-cargo-airline-my-freighter-adds-third-boeing-767

FedEx deactivates 17 more aircraft as cost controls pay off

FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue.

Besides being cautious with aircraft utilization and investments, the Express unit expects to increase savings and yields by turning a portion of the fleet into an extension of the company’s large U.S. and European...

https://www.freightwaves.com/news/fedex-deactivates-17-more-aircraft-as-cost-controls-pay-off

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