Business – Page 4
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NewsIATA revises predictions for 2025 air cargo performance downwards
Trade body IATA has revealed that it expects a total of 69m tonnes of air cargo to be flown over the course of this calendar year.
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NewsScan Global Logistics’ revenues rise on the back of airfreight demand
Scan Global Logistics saw revenues improve in the first quarter of the year, thanks in part to the performance of its airfreight business
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NewsMountain Air Cargo acquires MRO
US express carrier Mountain Air Cargo has acquired Royal Aircraft Services to strengthen its maintenance, repair, and overhaul (MRO) services
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NewsHong Kong to US air cargo spot rates on the rise following trade détente
Spot rates out of Hong Kong to the US have been on the rise this week after dropping at the start of the month
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NewsMBS Logistics expands in Switzerland with Gerhard Wegmüller deal
MBS Logistics has acquired Gerhard Wegmüller as it looks to expand in the Swiss pharma and aerospace markets
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NewsFedEx obtains CEIV Pharma certification
FedEx Global Healthcare has obtained IATA's Center of Excellence for Independent Validators (CEIV) Pharma certification for its pharmaceutical logistics operations
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NewsBooking portal provider Freightos confident on outlook despite tariffs
Freightos is positive on its outlook for the coming year despite the impact of tariffs on the cargo market
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NewsQatar Cargo sees revenues take off in FY2025
Qatar Cargo recorded a double-digit improvement in cargo revenues during the 2024/25 fiscal year, while there was a smaller increase in cargo carried
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NewsAnother prison sentence handed out in Polar fraud case
The last of 10 defendants charged in an alleged scheme to defraud Polar Air Cargo has been handed a two-year prison sentence
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NewsSingapore cargo revenue climbs but yields down
Singapore Airlines (SIA) Group’s cargo revenue increased in the 2024/25 financial year, but increased competion saw yields drop
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NewsTIACA selects Bakker as next chair
Roos Bakker, manager of business development and contract management at CTSN has been elected as the next TIACA Chair
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NewsCMA CGM Air Cargo signs up to IATA emissions calculator
CMA CGM Air Cargo has signed up to the IATA CO₂ Connect emissions calculator to offer more accurate visibility on the carbon footprint of flights and shipments
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NewsExpeditors reports Q1 airfreight improvements but eyes a volatile market
US freight forwarder Expeditors reported improvements in both airfreight volumes and revenues in the first quarter despite an unpredictable marketplace
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NewsIAG Cargo sees cargo revenues and traffic improve in Q1
IAG Cargo saw both revenues and cargo traffic improve in the first quarter of the year as it benefited from rising demand and higher prices
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NewsDHL expects Q4 airfreight peak, but admits competition is a concern
DHL is still expecting the traditional fourth quarter peak for air cargo, despite geopolitical uncertainties around trade, but has admitted market competition is a concern
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NewsDHL airfreight volumes drop in Q1
First quarter 2025 airfreight volumes dropped 3% year on year at DHL, although airfreight business remained “relatively stable”, according to the company
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NewsPositive first quarter for Air France KLM Cargo
The Air France KLM (AFKLM) Group’s cargo business saw revenue, volumes, load factor and yields improve in the first quarter of the year
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NewsCMA CGM completes Air Belgium acquisition
The CMA CGM Group has increased its stake in airfreight by completing the acquisition of Air Belgium and its fleet of four freighters
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NewsDSV completes Schenker deal while Q1 air growth flattens
DSV has completed its acquisition of forwarding giant Schenker and announced first quarter results, with airfreight volumes flat
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NewsUPS to axe 20,000 jobs following reduction in Amazon business
Express giant UPS has announced it will cut around 20,000 jobs largely as a result of its decision to reduce its business with e-commerce platform Amazon