air cargo

In a further concession to the spread of the coronavirus beyond China, United Airlines (NASDAQ: UAL) on Friday said it is reducing flights to  Tokyo and Osaka, Japan, Singapore and South Korea and extending flight suspensions to China through April 30. Meanwhile, logistics companies are warning...

What the market has been doing this week is repricing where it thinks earnings should be in light of the hit to global economic growth that is expected from the coronavirus. With the outbreak continuing to spread worldwide, the market is continuing its downward spiral this morning. The shunning of...

The Treasury Department's Office of Foreign Assets Control (OFAC) on Wednesday announced that a Geneva, Switzerland-based airlines systems company will pay a $7,829,640 fine for violating U.S. sanctions. Between April 2013 and February 2018, Société Internationale de Télécommunications...

The e-commerce infrastructure race continued its torrid pace this week with news that construction is underway on more than 1 million square feet of warehouse space adjacent to Dallas-Fort Worth International Airport and conveniently accessible to major interstate and state highways. Perot...

(Updated 12:05 with details on Delta) When airlines began suspending service to China and Hong Kong last month because of the coronavirus outbreak it was understood their finances would be dinged in some way. Now, the dings are becoming visible. On Tuesday, Deutsche Lufthansa AG said it is...

Uncertainty continued to grip the passenger and cargo aviation markets this week as the coronavirus' swift spread to South Korea, Italy, the U.K. and Iran raised fears of a global pandemic that could significantly curtail trade and travel. The removal of passenger aircraft from the China market is...

International courier company DHL Express has received the first of six new Boeing 777-200 freighters scheduled for delivery this year as it ramps up capabilities to serve the rapidly growing e-commerce market. The new aircraft arrived last week at Cincinnati/Northern Kentucky International...

If you think the lost availability of the Boeing 737 MAX due to the worldwide grounding is just a minor inconvenience for airlines, consider this: Air Canada is paying salary and benefits to 400 pilots it hired and trained to fly the MAX who are sitting around with nothing to do until the airplane...

Air cargo service provider Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it took a $616 million fourth-quarter charge on its fleet of Boeing 747-400 freighters, which inflated earnings by lowering rent and depreciation expense and is expected to help boost future profits. The Purchase, New York...

The near-total shutdown of air travel in and out of China because of the coronavirus will result in a 4.7% contraction in global traffic and deprive global carriers of $29.3 billion in revenue, according to an initial impact assessment by the airline industry. The International Air Transport...

When it comes to the coronavirus it's no longer enough for all-cargo planes to simply load and go. Now, technicians in full-body hazmat suits are sterilizing aircraft from end to end for some carriers. Volga-Dnepr Group, based in Moscow, said it has scrapped all scheduled freighter service with...

The International Air Transport Association (IATA), representing most of the world's airlines, and the International Post Corporation (IPC) committed on Feb. 18 to reinforce cooperation aimed at promoting the expansion of safe, secure and efficient airmail and air cargo services. The IPC is a...

RThe coronavirus is playing havoc with the air cargo industry as airlines, logistics providers and cargo owners scramble to implement contingency plans for moving goods. With nearly all passenger aircraft removed from China service, experts are warning businesses to prepare for a significant spike...

In response to a recent World Trade Organization (WTO) decision that allowed the U.S. to impose retaliatory import tariffs on $7.5 billion of EU goods, the Office of the U.S. Trade Representative (USTR) will raise the duty on imported EU aircraft from 10% to 15%, effective March 18. The WTO first...

LATAM Airlines (SGO: LTM) is launching two new cargo routes dedicated to exports from the U.S. to Central and South America.  LATAM's cargo division began flying the new routes with Boeing 767-300 freighters on Tuesday. One service departs Miami for Panama and then goes to Bogota, Colombia, while...