While the COVID-19 pandemic forced the suspension of scheduled flight operations, it provided an elixir to cargo freighting, which became a lifeline to many airlines. In Africa, airlines like Kenya Airways and Ethiopian Airlines leveraged on cargo freighting to keep some of their aircraft in the air and earned revenues that
Air Cargo
FedEx to expand international air offerings next quarter
FedEx Freight Company to beef up Europe-to-US priority service, launch intercontinental network geared to e-commerce users FedEx Corp. has announced that it will roll out two intercontinental delivery products within the next couple of months as it looks to beef up its lagging global e-commerce operations and capitalize on the continued tightness
Africa Posts Fastest Growth in Cargo Freight
Loading platform of air freight to the aircraft African carriers in May 2019 posted the fastest growth with an increase in demand by eight percent, compared with the same period a year earlier, a period other regions recorded weak growth. This was in continuation of the upward trend in FTKs (measured in
Airports underperform industry cargo growth in December first look
Budapest airport cargo terminal December cargo throughput results for the world’s airport are still trickling in, but early analysis indicates an overall diminished peak season for air freight. With only a couple of exceptions in Europe and Asia, volumes and traffic across most airports posted year-over-year declines in volume for December,
Cargolux 747F makes emergency landing after cockpit fire
A Cargolux 747-8F was en route from Malaysia’s Kuala Lumpur Airport (KUL) to Zhengzhou Airport (CGO) in China yesterday when the plane was forced to return to KUL after the crew reported fire and smoke in the cockpit. According to a statement from Cargolux, the aircraft landed safely and the crew was
BUD Airport sees record cargo traffic numbers in October
Budapest airport cargo terminal Budapest Airport (BUD)’s October traffic results show that the airport is an increasingly popular hub for air cargo. During the month, it processed 13,313 tonnes of freight, a 23 percent increase, year-over-year, making it the largest traffic figure ever recorded at the hub during October. “As of today,
To meet demand, FedEx increases Memphis to Dubai flights
Panalpina reports Q3 contractions, anticipates further challenges
Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have
Air Canada Cargo to modernize its Edmonton facilities
Air Canada broke ground today on a new facility that will house its ground support equipment service and cargo teams at Edmonton International Airport (YEG). The new, 4,645-square-meter facility being built by Terracap Group is set to open in September 2019. Air Canada has signed a 15-year lease for the multi-tenant
