Two people have been found guilty of defrauding US logistics company National Air Cargo of $5m in a wire fraud…
Business
Airfreight rates slide in line with Lunar New Year holiday demand decline
20 / 02 / 2024
Airfreight rates began their Lunar New Year holiday decline last week after rising in the first six weeks of the…
Alaska Air Group acquisition of Hawaiian gets go ahead
19 / 02 / 2024
Alaska Airlines has been given the green light to acquire Hawaiian Airlines after the latter’s stockholders approved the deal that…
Air Canada cargo revenues drop 27% in 2023
16 / 02 / 2024
Air Canada’s full year 2023 cargo revenues declined 27% year on year due to reduced air cargo demand and a…
India’s air cargo industry sets ambitious growth targets
16 / 02 / 2024
India has set an ambitious target of reaching 10m tons of air cargo handled per year by 2030, attendees at…
Amazon closes US airfreight facility
16 / 02 / 2024
Amazon Air is closing its airfreight facility at Kelly Field Airport, San Antonio, Texas, in a move that is set…
Air cargo market shows signs of cooling after busy start to 2024
16 / 02 / 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year…
SGL: Lunar New Year break set to cool “red hot” air cargo market
14 / 02 / 2024
Scan Global Logistics has described the current airfreight market as “red hot”, but it expects the situation to cool now…
E-commerce bolsters Geodis capacity
09 / 02 / 2024
Geodis is scoping out growth, while keeping hold of its freighter capacity as it benefits from strong e-commerce demand. Geodis…
Maersk weighs up DB Schenker bid
08 / 02 / 2024
Shipping giant AP Moller Maersk says it would now consider making an offer for top-4 airfreight forwarder DB Schenker after…