Business

Finance

FedEx to cut freighter capacity on weak outlook

By Damian Brett

Express giant FedEx will cut its freighter capacity in response to weaker macroeconomic conditions. Speaking after the company announced its…

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Cargo volumes down at Swissport in first half

By Damian Brett

Swissport recorded a 5.4% year-on-year decline in cargo volumes in the fist half of the year due the sale of…

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Amazon to invest in Canadian freighter operator Cargojet

By Damian Brett

E-commerce giant Amazon will invest in a third freighter operator as it takes a stake in Canada’s Cargojet. The two…

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SIA Cargo sees a dip in volumes

Singapore Airlines Cargo (SIA Cargo) experienced a decline in cargo volumes last month (July). The freight carrier shipped 103,200 tonnes…

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Cathay Pacific Cargo under pressure in H1

By Damian Brett

Cathay Pacific saw cargo revenues, volumes and yields decline in the first half of the year as the US-China trade…

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DHL sees airfreight volumes slide in Q2

By Damian Brett

DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit…

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AAWW ‘well positioned’ to face near-term headwinds

Second-quarter results at Atlas Air Worldwide Holdings (AAWW) took a hit from tariffs and trade tensions between the US and…

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CH Robinson: overall solid performance masks modal differences

Third-party logistics provider CH Robinson achieved net revenue of USD695.2m during the second quarter of 2019, up 3.5% year-on-year, in…

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Forwarders move into finance

Freight forwarders are trading air cargo derivatives in an effort to offset the volatility of the spot market during the…

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SIA volumes fall amid global economic uncertainty

Following a disappointing performance in June, Singapore Airlines (SIA) saw its freight traffic decline during the first quarter of its…

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