Business

Expeditors revenues and volumes down

By Megan Ramsay

In its fourth-quarter 2022 financial results for the three months ended December 31, Expeditors International posted year-on-year declines in operating…

Read More

CargoAi launches fintech payment solution

By Megan Ramsay

CargoAi has launched CargoWALLET: a fintech solution for air cargo with supply chain financing capabilities that will allow freight forwarders…

Read More

EV Cargo divestiture announced

By Megan Ramsay

Cargo Services Group and JL Enterprises are to divest from their investments in EV Cargo Holdings Limited, a Hong-based freight…

Read More

Air Canada sees cargo revenues slide in 2022

By Damian Brett

Air Canada saw its cargo revenues decline last year due to the ending of its pax-freighter operations and lower yields….

Read More

CargoAi highlights benefits of strategic investors over venture capital

By Damian Brett

Strategic investors allow companies to adopt a more long-term outlook than venture capital (VC) which can encourage short-term thinking, according…

Read More

Qatar Airways and Airbus reach settlement in A350 row

By Rebecca Jeffrey

Airbus and Qatar Airways have reached a settlement regarding their legal dispute over A350 surface degradation and the grounding of…

Read More

UPS revenues hit by market downturn

By Mike Bryant

Express services giant UPS was hit by air cargo demand decline in the fourth quarter of 2022. The cargo carrier’s…

Read More

Freightos begins trading as a public company

By Rebecca Jeffrey

Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq…

Read More

FedEx Express is pain point for FedEx in second quarter

By Rebecca Jeffrey

FedEx faced continued weak market demand for air cargo in the second quarter with FedEx Express a particular pain point….

Read More

MNG Airlines to be listed on the NYSE

By Air Cargo News

Turkish freighter operator MNG Airlines is to be listed on the New York Stock Exchange (NYSE) via an agreement with…

Read More