Peter Penseel Departs CMA CGM Air Cargo
Peter Penseel, a veteran in air logistics, has stepped down as deputy CEO of CMA CGM Air Cargo, leaving the airline without an experienced air freight specialist.
The Aviation Supply Chain is Facing New Challenges and Strategies
Supply chain issues in the global aviation sector are starting to improve, but it may still take a couple of years to fully resolve them, according to industry experts at the Singapore Airshow.
Fast-Fashion Giants Shein and Temu Disrupt Global Air Cargo Industry
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
DeliverDirect is Revolutionizing E-Commerce Shipping with Delta Cargo and SmartKargo Partnership
Efficiency in e-commerce shipping is crucial, and Delta Cargo and SmartKargo have joined forces to tackle common pain points for small parcel shippers.
Maersk Expands End-to-End Supply Chain Services
Maersk is expanding its services to cover the entire supply chain, including air cargo operations.
FedEx Expects Significant Business Loss with USPS
FedEx is anticipating a significant loss of business with the U.S. Postal Service when its current contract expires.
Shippers Seek Long-Term, Low-Rate Air Freight Contracts as Capacity Grows
As air cargo demand stabilizes and capacity increases, shippers are now in a better position to negotiate air freight rates, with a focus on securing low-rate levels for longer periods.
Postal Service Slashes Air Cargo by 90% in 2-Year Cost-Cutting Drive
The U.S. Postal Service has drastically decreased its air cargo shipments by 90% over a two-year period, leading to an estimated $1 billion in annual transportation cost savings, according to U.S. Postmaster General Louis DeJoy.
Shippers Expected to Gain Advantage in Winter Air Cargo Contract Negotiations
As winter approaches, shippers are expected to have the advantage in air freight rate negotiations due to declining demand and spot rates in the air cargo industry.
LAX Airport Selects Developer for Groundbreaking Cargo Transformation Project
Los Angeles International Airport (LAX) has chosen a consortium led by Realterm, the largest manager of on-airport air cargo real estate in North America, to undertake a revolutionary cargo improvement project.
Declining Cargo Revenue Signals Optimistic Travel Industry Recovery for Airlines as Travel Demand Rebounds
Airlines' cargo revenue is experiencing a significant slump, with Delta, United, and American reporting year-over-year declines of about 40% in their second-quarter cargo revenue.
Cargo Aircraft Missing from Paris Air Show Dealmaking
During the Paris Air Show, Boeing and Airbus have been focusing on customer orders for new passenger aircraft, with limited activity in the freighter sector.
Cargo iQ, FIATA, and ASA Collaborate for Air Cargo Standardization
Quality standards organization Cargo iQ has partnered with the International Federation of Freight Forwarders Associations (FIATA) and the Airport Services Association (ASA) to collaborate on enhancing standard practices in the air cargo supply chain.
Air Cargo Space Becomes Attractive for Large Shipping Companies
Steamship lines are diversifying their services and seeking a larger share of the global logistics market by entering the rapidly growing air cargo market, according to the International Air Transport Association.
Revamping Air Cargo for Modern Times
Carriers have announced plans to modernize their operations by eliminating paper trails.
The global air freight market may be signaling the end of globalization
Globalization is a complex and multifaceted process that involves the integration of economies, cultures, and societies across national boundaries.
GAP celebrates lower air freight rates, improving operating margins
In a November 17th earnings call, Gap CFO Katrina O’Connell credited lower air freight rates to the company’s improved operating margins during Q3.
The U.S. & Korea have gained a Maersk air cargo route
Two new weekly flights have been scheduled between Greenville-Spartanburg Airport (GSP) in South Carolina and Incheon Airport (ICN), increasing the air market accessibility between Asia and the Southeast region of the United States.
After years of Covid flight restraints lifted, air freight spot rates are on the decline
Globally, flights were grounded for years due to Covid-19 restraints. Now that the flight paths have opened up wide, flight capacity is growing and air cargo spot rates are shrinking…
FAA invests $31 million in air cargo infrastructure projects
The Federal Aviation Administration is opening its wallet and sending out $31 million in federal grants for nine different air cargo infrastructure projects at airports across the United States.