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

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 major east-west trade lanes rose by […]

Amazon’s Prime Air to commence operations at CVG beginning in spring 2017

At the beginning of the month, Seattle-based Amazon announced plans to shutter its Prime Air operations at Wilmington Air Park (ILN) in Ohio, and construct a new “centralized air hub” at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. (For a more detailed analysis, see Amazon to abandon Wilmington […]

Atlas scores deal with Amazon for 20 freighters, 20% stake

It's déjà vu all over again! The dust still hasn't settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with Amazon under which AAWW's airline subsidiary […]

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service. The change to an inhouse […]

Volcano update: European airspace may reopen soon

According to a Reuters report, European Transport Ministers have reached a deal to gradually lift flight restrictions imposed because of the ash cloud from an Icelandic volcano. The agreement will become effective at 06:00 GMT on 20 April (Tuesday), but it is not yet known how quickly traffic will be allowed to resume. Air France […]
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