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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

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,

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,

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

DHL flies medicine via fixed-wing drone to Lake Victoria island

  DHL has completed testing of “Deliver Future,” its pilot project to transport medicine using an unmanned aerial vehicle (UAV) to Ukerewe Island in East Africa’s Lake Victoria. Over a six-month period, the fixed-wing “DHL Parcelcopter 4.0” (pictured), which utilizes German drone manufacturer Wingcopter’s tilt-rotor technology, successfully flew a 37-mile route to

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