freighter aircraft

Freighters to the rescue: Korean Air posts Q2 profit

A pale blue Korean Air 747 cargo jet soars into a bright blue sky. Korean Air's cargo division helped the airline survive the coronavirus downturn.

Korean Air leveraged its cargo operation to turn a profit in the second quarter when nearly every other passenger airline has reported enormous losses after COVID-19 travel restrictions brought most flight operations to a standstill. 

The South Korean carrier has one advantage that many pure passenger airlines lack – freighters. The company said it increased the operation rate of its freighter fleet and maximized cargo supply on passenger airplanes to generate an operating profit of $123.7...

https://s29755.pcdn.co/news/freighters-to-the-rescue-korean-air-posts-q2-profit

DHL injects $1.6M into new Indianapolis life sciences facility

DHL Global Forwarding

DHL Global Forwarding (OTCMKTS: DPSGY) has opened a 20,000-square-foot, temperature-controlled facility in Indianapolis that will cater to pharmaceutical and medical product shippers.

The $1.6 million facility has variable temperature capabilities to process all types of pharmaceutical, biotech or medical products that require strict temperature control, the company said.

The Indianapolis facility is one of eight “Certified Life Sciences Stations” that support DHL’s Thermonet service for...

https://www.freightwaves.com/news/dhl-injects-16m-into-new-indianapolis-life-sciences-facility

Freighter influx can’t offset cargo decline at Schiphol airport

Amsterdam Schiphol Airport

Schiphol Airport in Amsterdam witnessed a nearly 50% rise in freight flights for the first half of the year, but this traffic was not enough to counter the dramatic drop in cargo transported in the bellies of passenger planes grounded by coronavirus travel restrictions.

Despite a 12.4% increase in all-cargo volume to 463,679 tons, the Amsterdam airport said Monday that cargo throughput had fallen 14.5% because passenger traffic virtually disappeared in March when COVID-19 surged in Europe. The...

https://s29755.pcdn.co/news/freighter-influx-cant-offset-cargo-decline-at-schiphol-airport

DHL starts construction of Munich airport facility

DHL Express has reached agreement with Germany’s Munich airport authority to start construction of a new cargo facility.

The facility, which is expected to cost 70 million euros ($78.8 million), will include parking for 65 delivery vehicles and a cargo-handling building of more than 86,000 square feet.

DHL currently leases space for its cargo operation at Munich airport. Once construction of the new facility is completed in 2022, DHL will have an airport building that is six times the size of its...

https://www.freightwaves.com/news/dhl-starts-construction-of-munich-airport-facility

US-China airline quarrel exacerbates supply shortage for cargo

Big white jet in air after takeoff, flying overhead

The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say.

Limiting flights from each country perpetuates the shortage of cargo capacity resulting from the extensive shutdown of passenger operations due to the coronavirus outbreak and sets the stage for potential Chinese retaliation against other industry...

https://s29755.pcdn.co/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo

Analysis: Amazon Air and ATSG grow together

Light blue Amazon Prime plane with cargo door open, waiting for a load.

Amazon’s announcement that it will lease 12 all-cargo aircraft from a key contract carrier  demonstrates how the online retail and logistics giant has created a formidable private airline in the span of four years to keep up with the enormous growth of e-commerce.

The additional Boeing 767 freighters will expand Amazon’s (NASDAQ: AMZN) fleet beyond 80 aircraft by the end of 2021, and a new report from researchers at DePaul University in Chicago estimates Amazon Air could have about 200 aircraft...

https://s29755.pcdn.co/news/analysis-amazon-air-and-atsg-grow-together

Emirates SkyCargo’s annual revenue falls 14%

Emirates Group said revenue and profit declined for the fiscal year ended March 31 due to coronavirus flight restrictions, the planned closure of a runway at Dubai International Airport and the strong U.S. dollar.

According to the Dubai-based carrier, revenue at its cargo division, SkyCargo, fell 14% from the previous year to $3.1 billion.

SkyCargo transported 2.4 million tons of freight during the fiscal year, a 10% drop that it blamed on the combination of retiring one of its 12 Boeing 777...

https://www.freightwaves.com/news/emirates-skycargos-annual-revenue-falls-14

Qatar Airways throws more cargo resources at Scandinavia, France

Qatar Airways, one of the largest airfreight operators in the world by volume, on Sunday announced it is increasing cargo capacity for Scandinavian cities and launching an emergency air bridge between Vietnam and France using both freighters and repurposed passenger jets to haul freight.

Qatar has added five Airbus 350 passenger planes to haul only freight to Copenhagen. That is in addition to its thrice-weekly flights to the Danish capital increasing its total weekly cargo capacity for Denmark...

https://s29755.pcdn.co/news/qatar-airways-throws-more-cargo-resources-at-scandinavia-france

Deluge of medical cargo cripples Shanghai Pudong airport

Boxes strewn across warehouse.

Freight gridlock at Shanghai Pudong International Airport is so bad that some cargo planes are being forced to leave nearly empty and logistics companies are recommending ocean transportation as a faster option. 

Airfreight professionals describe an operational meltdown, with trucks stuck in queues for two to three days to drop off shipments and boxes piling up in warehouses unable to get put on aircraft because Chinese customs officials and ground handlers are overwhelmed by the surge in export...

https://s29755.pcdn.co/news/deluge-of-medical-cargo-cripples-shanghai-pudong-airport

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