News

A JAL team competes in Hactl's 2016 pallet building competition.

Air freight rates on the rise in lead-up to peak season

Capacity & Demand, News July 26, 2017 at 10:03 am

Drewry’s latest East-West Airfreight Price Index indicates that market momentum for airfreight is carrying into the summer of 2017 as demand for airfreight outstrips new capacity coming onto the market, lending a boost to air freight rates, and load factors. The UK-based market intelligence firm reported rates across 21 majorRead More

China Air Cargo prepares for takeoff

China Air Cargo prepares for takeoff

Aircraft, Asia, Carriers, Conversions, Express, News July 25, 2017 at 10:44 am

Eight months ago, we reported that startup Chinese all-cargo carrier China Air Cargo Co. Ltd was about to take to the skies. It had taken redelivery of its first freighter – a Precision-converted 757-200PCF, and was within weeks of receiving its Operating Certificate. As is often the case, the finalRead More

Boeing Shanghai and SF ink maintenance deal

Boeing Shanghai and SF ink maintenance deal

Asia, Carriers, E-Commerce, News July 24, 2017 at 10:24 am

Last week, SF Airlines, the Shenzhen-based air arm of China’s biggest express company, signed an agreement with Boeing Shanghai Aviation Services Co Ltd covering the carrier’s fleet of sixteen 737 Classic freighters, and five 767-300BCFs. SF’s first aircraft is currently undergoing a C-check at Boeing Shanghai’s MRO facility. The nose-to-tailRead More

Demand for air freight is growing so strongly that Panalpina issued a warning to shippers to book now for peak season, or risk having their cargo stay on the ground.

Air freight carries Panalpina’s second quarter

News July 21, 2017 at 10:48 am

The robust 2017 air cargo market continues into its sixth month, and there are clear indications that profitability has improved for air freight forwarders. As can be seen from the chart at right, Switzerland-based forwarder Panalpina reported 2Q17 net income of US$19 million, a significant improvement over net income ofRead More

Cargo is the bright spot in Cathay’s “disappointing” first half

Cargo is the bright spot in Cathay’s “disappointing” first half

News July 20, 2017 at 10:39 am

At the end of the first quarter of 2017, Cathay Pacific CEO Rupert Hogg said he expected  the operating environment to remain challenging for the rest of the year. Three months later, looking at Cathay’s operating results through June, he summed things up by saying: “Our airlines’ performance in the firstRead More

Yangtze River Airlines' fleet currently includes three 747F-400BDSFs

Germany’s airports sprout cargo connections to China

Airports, E-Commerce, News July 19, 2017 at 10:56 am

Rapidly growing cross-border e-commerce coupled with the desire of Chinese express companies to add international connections to their air networks is causing a flurry of activity at German airports. Although multiple airports throughout Germany are seeing additional scheduled freighter frequencies, Frankfurt-Hahn Airport (HHN) and Hanover-Langenhagen Airport (HAJ) are two airportsRead More

Cargo Facts launches Chinese news site

Cargo Facts launches Chinese news site

News July 18, 2017 at 10:39 am

Cargo Facts is pleased to announce, effective immediately, the launch of a weekly Chinese-language update. Through a tab at the top of the Cargo Facts homepage, Chinese-speaking audiences will now have localized access to selected news items and updates of greatest relevance to the air freight and logistics industry. With the rapidRead More

Air freight success boosts K+N’s second quarter

Air freight success boosts K+N’s second quarter

Earnings, News July 18, 2017 at 10:33 am

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight andRead More