Finance – Page 3
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NewsK+N: Airfreight ‘very attractive’ and confident on regaining top spot
Kuehne+Nagel (K+N) has outlined a positive outlook for the air cargo market based on growing demand, market volatility and capacity constraints
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NewsFedEx orders more freighters as revenues improve in Q3
Express giant FedEx has announced the order of eight Boeing 777 freighters and 10 ATR 72-600 turboprops as third-quarter profits and revenues both improved
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NewsAir One Belgium to appeal Air Belgium Cargo takeover decision
Air One Belgium will appeal a court decision to end its proposed takeover of the cargo business of financially troubled Air Belgium
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NewsAir France KLM Cargo sees volumes rise but revenues fall
AFKLMP saw its revenues decline in 2024 despite cargo traffic and volumes improving due to limited exposure to the fast-growing Asia market.
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NewsDHL airfreight volumes up 6.8% in 2024
DHL’s airfreight volumes climbed in the fourth quarter due to regular peak season business as well as additional Red Sea and e-commerce demand
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NewsLufthansa Cargo boosted by extra capacity and e-commerce in 2024
Lufthansa Cargo saw its revenues and profits increase last year thanks to additional freighter capacity and e-commerce volume growth
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NewsInfinity Logistics recognised for best practice in payment
UK-based Infinity Logistics has become the first logistics firm to be awarded a government-backed award that recognises best practices in payment
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NewsK+N sees air volumes climb but profits slide in 2024
Kuehne+Nagel registered an increase in airfreight volumes last year despite “challenging market conditions” but operating profits for the division came under pressure
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NewsIAG Cargo’s 2024 volumes up but yields down
IAG Cargo’s 2024 cargo volumes were up but yields were down, partly as a result of growth in global capacity
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NewsEtihad Cargo volumes and revenues on the up in 2024
Etihad Cargo registered double-digit percentage improvements in both its revenues and profits last year as it added bellyhold capacity
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NewsExpeditors 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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NewsCargojet 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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NewsAir 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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NewsDSV 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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NewsSaudia 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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NewsUPS 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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NewsAmerican 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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NewsDelta’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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NewsAir 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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NewsForward 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 ...