Business – Page 7
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NewsCathay Pacific cautious but optimistic on cargo following strong 2024
Cathay Pacific saw cargo revenues, volumes and yields increase last year, although the company is “cautiously monitoring” the impact of geopolitical developments
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NewsAir Belgium cargo sale falls flat
Plans for the sale of Air Belgium’s cargo business have fallen apart after a court revoked the takeover process
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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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NewsInfinity Logistics recognised for best practice in payment
UK-based Infinity Logistics has become the first logistics firm to be awarded a government-backed award that recognises best practices in payment
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NewsRadiant Logistics acquires Transcon Shipping
Washington state-headquartered third-party logistics company Radiant Logistics has acquired California-based freight forwarder Transcon Shipping
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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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NewsTiaca membership and revenues on the up in 2024
Glyn Hughes, TIACA Source: TIACA Air cargo association Tiaca saw both its membership numbers and revenues rise last year. During a webinar to update on the latest developments at the association, director general Glyn Hughes said Tiaca had welcomed a total of 33 new members in 2024, ...
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NewsIAG Cargo’s 2024 volumes up but yields down
IAG Cargo’s 2024 cargo volumes were up but yields were down, partly as a result of growth in global capacity
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NewsAllstates WorldCargo acquires Saturn Freight Systems
Allstates WorldCargo has acquired fellow US freight forwarder Saturn Freight Systems to grow its business geographically
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NewsAir cargo demand growth slows again in January
January marked the 18th consecutive month of growth for the air cargo industry, but market conditions should be closely monitored, warns IATA
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NewsTiaca predicts air cargo growth in 2025 but warns of elevating risks
Air cargo association Tiaca is expecting air cargo demand to grow by 5% in 2025, but has warned of an “elevating risk” to its growth expectations
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NewsAsiana gets shareholder approval for cargo sale to Air Incheon
Asiana Airlines has received final shareholder approval to sell its cargo business to Air Incheon
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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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NewsIATA WCS: Navigating geopolitical shifts with technology & innovation
Geopolitical uncertainty, inflation, and potential US policy shifts, including new tariffs, will take centre stage at this year’s IATA World Cargo Symposium
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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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NewsCargojet revenues top C$1bn mark in 2024
Freighter operator Cargojet saw its revenues beat the C$1bn mark for the first time in 2024 but the company is expecting a growth slowdown this year