To meet the demands of the international markets, DHL Express opened its automated sorting center at its newly expanded facility in Leipzig. The new equipment adds to the German facility's airfreight capacity by about 50 percent, to 150,000 shipments per hour, and enables DHL to handle bulkier and heavier items.
Etihad Cargo has signed a deal with forwarder Trinity Logistics USA, Inc., to operate a weekly widebody freighter service to deliver couture clothing items from Sri Lanka to Rickenbacker International Airport (LCK) in Columbus, Ohio, Etihad announced.
Amidst shockwaves emanating from last month's news of the bankruptcy filing of Hanjin Shipping came speculation of a potential silver lining for air cargo carriers. Would the scramble for cargo originally booked on Hanjin vessels provide a windfall for airlines, with a surge in demand to drive up rates and yields?
The International Air Transport Association (IATA) is tired of waiting for regulation and is turning up the heat on the lithium battery issue. Lack of regulation and enforcement in the lithium-ion battery supply chain poses serious security threats, IATA warned in a letter to Ministers of Trade, Industry and Transport, and Directors of Civil Aviation of the world's largest lithium battery manufacturing and export countries.
Between 2014 and 2015, China's cross-border e-commerce market nearly doubled, from $30.07bn to $57.13bn, with estimates from eMarketer predicting the market will pass the $85bn mark in 2016. This has undoubtedly bolstered demand for air cargo services between China and its trading partners.
The United States and Mexico exchanged diplomatic notes to bring into force the new Air Transport Agreement, which the U.S. Department of Transportation anticipates will "significantly increase future trade and travel" between the two countries.
Echoing the mid-year reports from several other aviation groups, Airports Council International (ACI) said air cargo tonnage was flat for the first five months of 2016, rising just 0.6 percent in May, year-over-year, and 0.2 percent, y-o-y, over the period of January to May 2015. Passenger traffic, however, was a different story, increasing by 4.6 percent, y-o-y in May.
As the thaw continues between the United States and Cuba, the U.S. Department of Transportation has granted FedEx the rights to operate a five-times-weekly freighter service between Miami and the city of Matanzas.
Air cargo executives are notably less optimistic about their economic prospects for the year ahead, compared to the same time last year, according to IATA's July 2016 Business Confidence Index.
Airbus has drastically drawn down the number of dedicated freighters it anticipates being in service 20 years hence, according to its recently released "Global Market Forecast, 2016-2035." The disparity is remarkable, both in terms of number of aircraft and the shift in the market that it signals over the next two decades.