Worldwide cargo traffic up 3.2% in April

The International Air Transport Association released its air freight market analysis for April 2014, showing an overall 3.2% increase in total traffic worldwide compared to April 2013. In recent months, overall gains have been driven by gains in international traffic, while domestic traffic has been generally flat with last year. In April, however, domestic traffic […]

Cargojet to purchase four more 767s

In the past month we have twice posted about Canada-based Cargojet expanding its fleet. Well, they are at it again, so here is Chapter 3 in the Cargojet Chronicles — more 767s, more 757s, and even some Challenger 601s. But first, a summary of Chapters 1 and 2: In the first quarter of this year, […]

At Cargolux, the Song is over

In a move believed to be an attempt to appease its unhappy forwarder customers, Cargolux has parted ways with recently hired Robert Song. The rift between Cargolux and the forwarders, as first reported here three days ago, appeared to hinge on the appointment of Robert Song as the carrier’s Senior Vice President, Asia & Pacific. And […]

TNT says it must “move more by road”

Netherlands-based express company TNT reported first-quarter 2014 net income of €1 million, down from €144 million in the first quarter of 2013, as revenue declined 6.6% to €1.61 billion. Reported operating income for the quarter was down 92.2% to €17 million, from €219 million in 1Q13. However, the reported figures include a variety of one-time […]

New confidence surveys — what do they mean?

Two reports out today provide an interesting contrast to the strongly positive growth in air freight demand in April. As we reported yesterday, with April results available from most of the big cargo carriers and airports, it seems clear the trend of gradually increasing demand for air freight is not only continuing, but growing stronger.  […]

Good news from Hong Kong

A week ago, we posted the first results available for April from some of the world’s big cargo carriers and airports. These early results were mixed. There were some big gains – China Southern Airlines’ cargo traffic was up over 20% compared to April 2013, and Shanghai Pudong Airport’s handle was up 14%. But there […]

A forwarders’ airline? Maybe not.

Has Cargolux lost its luster in the eyes of the big forwarders? Cargolux has never been the world’s biggest airline. Combination carriers like Lufthansa, Air France-KLM, Cathay Pacific, and Korean Air, have not only offered freighter fleets similar to that of Cargolux, they also offer belly space in their huge long-haul passenger fleets. On top […]

Express drives DP-DHL’s first quarter

A strengthening Euro weighed on an otherwise strong quarter for Deutsche Post-DHL. The company reported first-quarter net income up 0.8% y-o-y to €502 million as total revenue increased 1.2% to €13.57 billion. Operating profit (EBIT) for the quarter was up 2.3% to €726 million. DP-DHL reports its operational and financial performance in four divisions, including the new […]
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