Starting May 16th, TAP Air Cargo is excited to announce a new air cargo route to Los Angeles, expanding it’s service offerings. TAP Air Cargo is enhancing its logistics network with the introduction of flights to Los angeles (LAX), featuring up to four departures each week. This new route...
https://fullavantenews.com/tap-air-cargo-starts-a-new-route-to-los-angeles/?lang=es
Raya Airways was honoured to host representatives from China Henan Aviation Group and China Logistics Group Global Express Supply Chain Management Co., Ltd., underscoring the strategic importance of the Zhengzhou cargo route in support of Air Silk Road framework under the Belt and Road Initiative...
https://fullavantenews.com/raya-airways-expands-zhengzhou-cargo-route/?lang=es
SuperNova Airlines, the cargo division of the NOVA Group, is on a mission to broaden its international footprint by bringing two new General Sales Agents (GSAs) on board. This move is all about boosting the airline’s presence in key global markets.Here’s what’s happening: Alfa Airlines Services BV...
Air cargo volume growth will be halved in 2025, but it will still be a good year for carriers behind continued ocean shipping delays, tight freighter capacity and strength in cross-border e-commerce, the International Air Transport Association forecast.
Cargo volumes are expected to reach 80 million tons, a 5.8% increase from 2024, the trade association said. Cargo demand this year has grown year over year between 10% and 13%, depending on whether it is measured by traffic (cargo ton kilometers)...
https://www.freightwaves.com/news/growth-in-air-cargo-demand-to-decelerate-in-2025-iata-says
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
Air logistics stakeholders may want to pump the brakes on celebrations of shipping volumes and rates finally climbing from the depths of a prolonged downturn. Newfound optimism is tempered by the fact that growth has more to do with normal seasonal patterns than a fundamental shift in demand. The market is essentially flat versus an anemic final stretch in 2022, according to the latest data.
And with no signs of a demand push as consumer finances get squeezed, analysts remain bearish about...
https://www.freightwaves.com/news/uptick-in-airfreight-rates-creates-mirage-of-market-recovery
Cargojet, an all-cargo airline that operates a domestic express network in Canada for customers such as Amazon and DHL Express, on Monday said reduced flying in response to a slowdown in shipping and tight cost management during the second quarter helped maintain profit margins that were better than analysts expected.
The company recorded adjusted earnings before interest, taxes and accounting measures sliding 8.4% to $57.7 million ($74.3 million Canadian). A nearly 10% reduction in expenses,...
Cargo airline Atlas Air on Thursday announced that Chief Commercial Officer Michael Steen will take over as CEO on June 15, replacing John Dietrich in line with the company’s succession plan, and that CFO Spencer Schwartz will retire the same day.
A new chief commercial officer will be named after Steen, 56, is officially appointed as CEO.
Dietrich, 58, is retiring after nearly 25 years with the company, which was acquired by investors led by hedge fund Apollo Global Management (NYSE: APO) in...
https://www.freightwaves.com/news/atlas-air-promotes-michael-steen-to-ceo
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CMA CGM Air Cargo, the startup airline of France-based shipping giant CMA CGM, abruptly dumped...
https://www.freightwaves.com/news/cma-cgm-air-cargo-temporarily-suspends-us-operations
MIAMI — Air cargo airline and logistics executives have written off the traditional peak season bump in shipping business as the global economy decelerates, leaving them to speculate whether prospects will improve sometime in 2023.
The growing pessimism, following 18 months of record-setting volumes and revenues, was underscored by International Air Transport Association data last week showing a 10.7% decrease in cargo demand in September compared to the prior year. Continued contraction in...
https://www.freightwaves.com/news/air-cargo-execs-more-nervous-over-consumer-pullback