Continued growth in demand for shipping goods by air will translate into a global freighter fleet in 2041 that is 80% larger than today, Boeing said over the weekend in a market outlook slightly more bullish on air cargo than a year ago and compared to rival Airbus’ new forecast.
The rosier analysis explains why Boeing projects a need for 540 more dedicated cargo jets than Airbus over the next 20 years.
The world’s dominant jet manufacturers issued their visions of how the passenger and air...
Brazilian aircraft manufacturer Embraer has received its first firm order for up to 10 conversions of the E190/E195 passenger jet to a freighter from an undisclosed customer, underscoring the continued strong demand for all-cargo aircraft of all sizes even as the global economy begins to cool down.
Aircraft for conversion will come from the customer’s current E-Jet fleet. Deliveries are scheduled to begin in 2024, Embraer said in a news release Friday.
In early May, Nordic Aviation Capital, a...
https://www.freightwaves.com/news/embraer-notches-1st-sale-for-e-jet-freighter-conversions
Air cargo business is slowing amid global macroeconomic pressures but 2022 is still shaping up as one of the industry’s strongest years ever with cargo revenues nearly double those before the pandemic, the International Air Transport Association said Monday. The cargo forecast was part of an upgraded outlook showing that the industry is inching closer to profitability in 2023 as passenger demand finally kicks into full gear.
The largest airline trade association said it expects cargo to continue...
https://www.freightwaves.com/news/air-cargo-market-heads-toward-2nd-best-year-despite-softening
CMA CGM has taken delivery of two Boeing cargo planes as the shipping giant looks to expand its end-to-end services beyond ocean freight. The two Boeing 777 aircraft were ordered…
https://gcaptain.com/cma-cgm-takes-delivery-of-two-boeing-cargo-planes/
Air France-KLM Group and ocean shipping giant CMA CGM announced Wednesday the formation of a 10-year alliance between their air cargo divisions under which the companies will jointly market capacity in their respective cargo networks to increase their scale and competitiveness.
The long-term, aircraft-sharing agreement will enable CMA CGM Air Cargo access to Air France, KLM and Martinair freighters as well as the belly space of passenger aircraft, including more than 160 large long-haul jets....
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The war in Ukraine, sanctions on Russia and stepped-up COVID lockdowns in China caused the air cargo market to contract in March and macroeconomic clouds could further dampen a sector that has performed well during a chaotic pandemic, according to new analyses.
The impact is being felt in freight rates, which are quickly climbing as capacity disappears faster than demand.
Clive Data Services, an independent airfreight benchmarking service owned by Xenata, reported Wednesday that shipment volumes...
https://www.freightwaves.com/news/air-cargo-slumps-in-march-as-war-china-lockdowns-take-toll
On this date in 1926, Varney Air Lines officially began service as an airmail carrier. The company made history with a U.S. airmail flight that began in Pasco, Washington. The April 6, 1926 edition of the Salt Lake Tribune reported “America’s most modern and rapid transportation of mail was brought to the Northwest today.”
The backstory
Congress passed HR 7064 (“An Act to encourage commercial aviation and to authorize the Postmaster General to contract for Air Mail Service”). Also known as “The...
International Women’s Day, a global celebration of the economic, political and social achievements of women, began on March 8, 1911. Women’s History Month is a celebration of women’s contributions to history, culture and society and has been observed annually in March in the United States since 1987.
To help celebrate Women’s History Month, FreightWaves Classics will continue to profile a number of women who made contributions to transportation during the month of March.
Women have made history...
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https://www.freightwaves.com/news/daily-infographic-top-10-pending-bills-affecting-freight-markets