All Business Articles – Page 3
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NewsAir France KLM Cargo sees volumes rise but revenues fall
AFKLMP saw its revenues decline in 2024 despite cargo traffic and volumes improving due to limited exposure to the fast-growing Asia market.
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NewsDHL airfreight volumes up 6.8% in 2024
DHL’s airfreight volumes climbed in the fourth quarter due to regular peak season business as well as additional Red Sea and e-commerce demand
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NewsLufthansa Cargo boosted by extra capacity and e-commerce in 2024
Lufthansa Cargo saw its revenues and profits increase last year thanks to additional freighter capacity and e-commerce volume growth
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NewsWiseTech back on the acquisition trail with Opentecnología deal
WiseTech Global has entered into an agreement to acquire Opentecnología, a customs and logistics technology business specialising in customs solutions
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NewsK+N sees air volumes climb but profits slide in 2024
Kuehne+Nagel registered an increase in airfreight volumes last year despite “challenging market conditions” but operating profits for the division came under pressure
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NewsEtihad Cargo volumes and revenues on the up in 2024
Etihad Cargo registered double-digit percentage improvements in both its revenues and profits last year as it added bellyhold capacity
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NewsExpeditors expects disruption in 2025 after strong Q4 for airfreight
US freight forwarder Expeditors reported a strong end to the year for its airfreight business but added it has limited visibility for the year ahead
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NewsDB Schenker concludes air cargo cartel claims
DB Schenker has finalised its claims against airlines in the long-running case related to an alleged air cargo cartel
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NewsSG Holdings acquires top 20 airfreight player Morrison Express
Japan’s SG Holdings has acquired top 20 airfreight forwarder Morrison Express as it looks to expand its presence in the forwarding market
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NewsATSG shareholders approve Stonepeak takeover
Investment firm Stonepeak’s $3.1bn takeover of freighter aircraft leasing giant ATSG has taken another step forward following shareholder approval
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NewsAccelerated Global Solutions invests in KGW to grow transpacific presence
New York-based Accelerated Global Solutions has acquired a 15% stake in KGW Logistics in order to strengthen its presence on the transpacific trade lane
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NewsDSV predicts volatility after air improvements in 2024
DSV saw its airfreight volumes and revenues improve in 2024 and is preparing for a volatile market and the completion of its Schenker takeover in 2025
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NewsHellmann looks to expand in the Americas following HPL takeover
Hellmann Worldwide Logistics has acquired all shares in perishable logistics specialist HPL Apollo from co-owner Mercury Aviation
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NewsJapan approves ANA Holding’s takeover of Nippon Cargo Airlines
ANA Holdings has received approval for its planned takeover of Nippon Cargo Airlines (NCA) from Japan’s Fair Trade Commission (JFTC)
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NewsUPS plans to offload 50% of Amazon business
Shares in express giant UPS fell today after the company revealed plans to offload 50% of its business with its largest customer Amazon
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NewsDelta’s 2024 cargo revenue up 14%
Delta Air Lines reported a 14% year-on-year increase in cargo operating revenue for 2024 as it strives to boost its digital presence
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InsightsPutzger perspective: Is the air cargo party coming to an end?
There are mixed opinions on how air cargo demand will pan out this year, with doubts over the longevity of e-commerce growth and sea-air modal shift
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NewsForward Air considers sale
Photo: Shutterstock US transport company Forward Air is considering a potential sale or merger as part of a review of its financial performance and value. The Forward Air board of directors will consider options including a sale, merger or another strategic or financial transaction “to maximize shareholder ...
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NewsCIS acquires Acuitive’s AcuAudit
Generic Financial funding generic Photo: Number1411/ Shutterstock 530884729 Photo: Number1411/ Shutterstock Global provider of freight audit and payment solutions Cass Information Systems (CIS) – not to be confused with IATA’s CASS settlement platform – has acquired ocean and airfreight audit platform AcuAudit from Acuitive Solutions. AcuAudit is ...
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...