All Finance articles
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Expeditors 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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Cargojet 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
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Air Canada cargo revenues up 7% in 2024
Air Canada’s 2024 cargo operating revenues were up 7% year on year helped by belly cargo in the Pacific and freight in the Americas
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DSV predicts volatility after air improvements in 2024
DSV saw its airfreight volumes and revenues improve in 2024 and is preparing for a volatile market and the completion of its Schenker takeover in 2025
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Saudia Cargo volumes boosted by e-commerce demand
Saudia Cargo saw its air cargo volumes increase by double-digit levels last year as e-commerce, local exports and additional flights boosted performance
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UPS plans to offload 50% of Amazon business
Shares in express giant UPS fell today after the company revealed plans to offload 50% of its business with its largest customer Amazon
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American Airlines sees cargo revenues slide despite demand growth
American Airline’s cargo revenues declined last year despite volumes increasing and its main US rivals reporting an improvement
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Delta’s 2024 cargo revenue up 14%
Delta Air Lines reported a 14% year-on-year increase in cargo operating revenue for 2024 as it strives to boost its digital presence
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Air New Zealand signs up for electric freighter
Air New Zealand and aviation finance firm Avolon have signed a letter of intent for the sale and lease back of an electric cargo aircraft from manufacturer Beta
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Forward Air considers sale
Photo: Shutterstock US transport company Forward Air is considering a potential sale or merger as part of a review of its financial performance and value. The Forward Air board of directors will consider options including a sale, merger or another strategic or financial transaction “to maximize shareholder ...
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CIS acquires Acuitive’s AcuAudit
Generic Financial funding generic Photo: Number1411/ Shutterstock 530884729 Photo: Number1411/ Shutterstock Global provider of freight audit and payment solutions Cass Information Systems (CIS) – not to be confused with IATA’s CASS settlement platform – has acquired ocean and airfreight audit platform AcuAudit from Acuitive Solutions. AcuAudit is ...
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FedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight
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CargoLogicAir stock at Schiphol and Han to be sold
CargoLogicAir’s stock at Schiphol and Hahn will be sold this year
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Executive team shuffle for SEKO
SEKO Logistics has announced several new senior appointments with the successful close of its previously announced recapitalisation
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Nordic Aviation Group files for bankruptcy
Photo: Number1411/ Shutterstock Estonian Nordic Aviation Group has filed for bankruptcy and ceased operations of its two airlines, Nordica and Regional Jet, which is branded as Xfly. The announcement by Nordic follows the decision by potential investor Lars Thuesen, owner of Danish carrier Jettime, to not proceed ...
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SF Holding raises $749m with 'flat' Hong Kong listing
Source: ACN Newswire Chinese express giant SF Holding raised $749.3m in a listing on the Hong Kong Stock Exchange that will be used to fund plans to expand internationally. The company, which owns SF Express and SF Airlines, said that through the IPO it aimed to “further ...
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ATSG swings to a loss in Q3
Image source: Shutterstock Aircraft lessor ATSG reported a loss in the third quarter of the year as block hours decreased and costs increased. The company, which is in the process of being bought by investment firm Stonepeak for $3.1bn, saw revenues decline by 9.9% to 471.3m, operating ...
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Double-digit improvements for revenues and volumes at IAG Cargo in Q3
IAG Cargo shipments loading on aircraft Photo IAG Cargo via Hill+Knowlton StrategiesIAG Cargo enjoyed a bumper performance in the third quarter of the year with cargo revenues and volumes improving on a year earlier thanks to additional capacity and increased demand.The cargo division, which includes the cargo capacity of British ...
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Air France KLM Cargo eyes Asia as performance improves in Q3
Source: Semmick Photo Shutterstock.comAir France KLM Martinair Cargo recorded improvements in cargo volumes, revenues and yield in the third quarter as it benefitted from rising demand out of Asia Pacific.The Franco-Dutch airline group noted a 0.6% increase in overall third-quarter cargo revenues to €561m, while cargo traffic revenues improved ...
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Emirates SkyCargo volumes up 16% in first half
Dubai International. Source: Karol Ciesluk / Shutterstock.comEmirates SkyCargo has reported a rapid increase in volumes in the first half of the year thanks to general market improvements and additional freighters.The freighter operator reported a 16% year-on-year increase in cargo volumes to 1.2m tonnes over its fiscal first half year running ...