Air 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
Air 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.
DHL 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
Lufthansa 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
Infinity 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
K+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
IAG 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
Etihad 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
Expeditors 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
Cargojet 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
Air 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
DSV 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
Saudia 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
UPS 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
Tiaca membership and revenues on the up in 2024
Air cargo association Tiaca saw both its membership numbers and revenues rise last year.
Tiaca predicts air cargo growth in 2025 but warns of elevating risks
Air cargo association Tiaca is expecting air cargo demand to grow by 5% in 2025, but has warned of an “elevating risk” to its growth expectations