UPS feeder airline intends to buy 20 pilotless cargo jets

A large, regional feeder airline for UPS and other overnight express carriers last week tentatively committed to buy 20 remote-controlled cargo jets, with a novel design, for middle-mile deliveries.

Ameriflight, which flies 156 small turboprop aircraft daily to more than 200 destinations in the U.S. and the Caribbean, signed a letter of intent with San Diego-based Natilus for 20 Kona feeder aircraft valued at $134 million, the companies announced.

Natilus is developing a family of pilotless...

https://www.freightwaves.com/news/ups-feeder-airline-intends-to-buy-20-pilotless-cargo-jets

Sanctions effect begins: Crude tankers forced onto longer voyages

Tanker investors have been getting cold feet this winter. Spot rates are down sharply from November and stocks are off earlier highs. Yet the bullish tanker thesis — war-induced trade inefficiencies, post-COVID reopening, new vessel capacity that’s about to fall off a cliff — hasn’t changed.

After spot rates “began to ease from highs that were completely unsustainable” came “the predictable selloff in the equities,” said Evercore ISI analyst Jon Chappell in a research note on Friday.

“We’ve been...

https://www.freightwaves.com/news/sanctions-effect-begins-crude-tankers-forced-onto-longer-voyages

Air France-KLM doubles order for Airbus A350 freighters

Air France-KLM said Friday it will order four additional A350 widebody freighters from Airbus. 

The planes will be operated by subsidiary cargo airline Martinair on behalf of Dutch carrier KLM and will replace four Boeing 747 cargo jets currently operated by KLM Cargo and Martinair. The planes will be based at Amsterdam Schiphol Airport, the company said.

Deliveries to Air France-KLM-Martinair are expected in the second half of 2026.

Last April, Air France-KLM finalized an order for four A350...

https://www.freightwaves.com/news/air-france-klm-doubles-order-for-airbus-a350-freighters

American Airlines’ cargo revenue tops $1.2B despite market slide

It was a good news/bad news fourth quarter for cargo at American Airlines. At face value, cargo revenue fell at a greater clip than the rest of 2022, but yields remained well above the pre-pandemic baseline and the company still generated the second-best annual cargo sales in its history.

The Fort Worth, Texas, carrier reported $263 million in cargo revenue for the final three months of the year, a 23% drop from the 2021 market high as the yearlong slowdown in business accelerated. The results...

https://www.freightwaves.com/news/american-airlines-cargo-revenue-tops-12b-despite-market-slide

Hapag-Lloyd acquires stake in Indian terminals, logistics provider

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Hapag-Lloyd on Wednesday signed a binding agreement to acquire a 35% stake in J M Baxi Ports &...

https://www.freightwaves.com/news/stronghapag-lloyd-acquires-stake-in-indian-terminals-logistics-providerstrong

Air Canada names inflight chief Turner to lead cargo

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Air Canada on Wednesday appointed Jon Turner to replace Jason Berry, who is leaving to help run a...

https://www.freightwaves.com/news/air-canada-names-inflight-chief-turner-to-lead-cargo

Container shipping shake-up: Maersk, MSC terminating 2M in 2025

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The global container shipping network is poised for a major shake-up. The 2M vessel-sharing alliance...

https://www.freightwaves.com/news/container-shipping-shakeup-maersk-and-msc-to-terminate-2m-in-2025

Amazon Air lands in India

Amazon has launched a dedicated air cargo network in India in partnership with third-party carrier Quikjet to increase delivery speeds for e-commerce orders to major cities.

Amazon Air (NASDAQ: AMZN) has slowed the pace of growth in flight activity in recent months in recognition of a cooling global economy and online shopping, but the establishment of air logistics operations beyond North America and Europe demonstrates that the retailer is still in expansion mode.

Amazon’s India subsidiary...

https://www.freightwaves.com/news/amazon-air-lands-in-india

Hawaiian pilots land lucrative cargo contract ahead of new Amazon service

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A tentative labor agreement last week could make Hawaiian Airlines’ pilots the highest paid in the...

https://www.freightwaves.com/news/hawaiian-pilots-land-lucrative-cargo-contract-ahead-of-new-amazon-service

CargoX proof of concept showcases interoperability for global trade eBOLs

Document transfer solutions provider CargoX says that by utilizing blockchain technology, it recently concluded an electronic bill of lading (eBOL) transfer with a competing provider, edoxOnline, within six minutes, a process that traditionally takes hours or even days.

The potential benefit of that streamlining is highlighted by a recent McKinsey study showing that 40% of containerized trade still relies on the transfer of paper record copies with up to 50 sheets of paper from up to 30...

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