The latest numbers on the manufacturing sector show a broad decline in momentum – although it remains in growth mode, unlike the economy overall. US GDP shrank 1.4% year on year in the first quarter, a sharp reversal from last year when the economy expanded 5.7%, the fastest full-year clip since 1...

The German carrier has ordered three current generation 777Fs and seven next-generation 777-8Fs, and is also set to extend its leases of two 777Fs due to expire in 2024, but which will now run until 2031. Lufthansa Cargo last year phased-out its last MD-11Fs and added two 777Fs, giving it 11 777Fs a...

And meanwhile, EU exporters benefit from the UK’s lack of controls. Some 6.5% of British businesses closed between 2020 and 2021, only the second decline in 20 years and substantively higher than 2017/18’s 0.5% dip, and while the pandemic had its own impact, many SMEs blame the handling of the E...

The aircraft, leased from Titan Airways, will start towards the end of the month and operate until October. But, explained Phil Wardlaw, Virgin Atlantic Cargo’s new MD, this is not a permanent move into freighters by the leisure-focused passenger carrier. Brussels is the sole remaining cargo-only ...

The carrier, which now has a quarter of its fleet on long-term charters, and 60% on ACMI, is betting that belly operations will not return to pre-pandemic levels. “We expect passenger networks will look different than prior to the pandemic, and will favour more leisure and point-to-point flying,�...

For the first time post-pandemic, since the end of March capacity over the transatlantic is higher than pre-pandemic levels. This extra capacity has led to the lowest dynamic load factors since the first half of January on western Europe to North America, albeit that it rose from 63% to 67% in the l...

Cayman Islands-incorporated De Well Holdings is part of the group founded by former Cosco employees Yang Shi and his wife, Cheng Fang, with De Well International Freight Forwarding (Shanghai) in 1992. The De Well Holdings prospectus, filed last week, gave no timeframe for the listing, which aims to ...

The carrier was forced to suspend all long-haul cargo flights in the first week of January, and rearrange crew schedules, in a bid to up capacity, which has begun to grow. March saw it offer 48% more lift than in January, primarily to India and north-east Asia – with more routes coming on line thi...

The air cargo industry has had a spotlight on the danger for a long time, but now the shipping industry is beginning to act. Insurer TT Club is working to engage the industry on the issue – but there is a long way to go. Its risk management director, Peregrine Storrs-Fox, as a first move has urged...

The group saw revenues rise nearly 20% to €22.59bn ($23.88bn), resulting in ebit of €2.15bn, up nearly 13%. Of this, Global Forwarding accounted for €6bn, up 70% from a year earlier. Air freight revenue rose 55%, to €2.85bn, “due mainly to tradelanes between the US and ­Europe”, while s...