Business

UPS still struggles with revenues in Q4

UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and…

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Flexport set for another round of job cuts

Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year. Tech publication The…

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US carriers see cargo revenues slide in 2023

The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United…

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Forwarder Flexport raises $260m through Shopify

Freight forwarder Flexport has raised $260m in funding from e-commerce platform Shopify. The company, which last year had to make…

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Freighter financing deal for Crestone Air Partners

Aviation asset management platform and lessor Crestone Air Partners (CAP) has secured financing for more freighters. Ashland Place Finance LLC,…

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 Vancouver Airport in line for major expansion funding

The Government of Canada will invest up to C$74.3m at Vancouver International Airport to enable it to handle more cargo. This…

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Amerijet offloads freighters and restructures

US freighter operator Amerijet is offloading Boeing 757 aircraft and restructuring the business as it looks to respond to changing…

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Future of Leipzig/Halle cargo hub under scrutiny

Auditing firm KPMG has completed a restructuring report on the financially ailing operator of Leipzig/Halle Airport, Mitteldeutsche Flughafen AG (MFAG),…

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ECJ blocks UPS’ claim for TNT deal damages

Europe’s top court has rejected UPS’ claims for damages of more than €1.7bn related to its failed takeover of TNT…

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FedEx reorganises air network

FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to…

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