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Cargo/Freight News

UTi Worldwide Posts Loss As Air Freight Demand Weakens

March 31, 2014

Logistics company UTi Worldwide reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight as customers opt for slower, but cheaper, modes of shipping.
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UTi Worldwide Posts Loss As Air Freight Demand Weakens

Lufthansa Cargo Sees Partnership By Mid-Year

March 25, 2014

Lufthansa Cargo aims to set up a partnership with an airline outside of the Lufthansa Group by the middle of this year ahead of further cooperation deals, it said on Tuesday.
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Lufthansa Cargo Sees Partnership By Mid-Year

Lufthansa Cargo Postpones Decision On 777F Options

March 25, 2014

Lufthansa's cargo unit has postponed a decision on whether to convert the first of five options for Boeing 777F freighters due to the current tough market conditions, the unit's chief executive said on Tuesday.
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Lufthansa Cargo Postpones Decision On 777F Options

Lufthansa Cargo Chief To Head Passenger Business

March 12, 2014

Lufthansa named Karl Ulrich Garnadt, the head of its cargo operations, to lead the group's passenger airline business.
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Lufthansa Cargo Chief To Head Passenger Business

IATA Sees Stronger Cargo Growth In 2014

March 11, 2014

Air cargo, long stagnant after a big hit during the 2008-09 financial crisis, should see stronger growth this year with demand picking up in most regions, IATA said on Tuesday.
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IATA Sees Stronger Cargo Growth In 2014

UTi Worldwide Breaches Covenants

February 27, 2014

Logistics company UTi Worldwide said it had breached some debt covenants and would report a loss for the fourth quarter due to a weak air freight market.
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Doomed UPS Plane Lacked Updated Warning Software

February 20, 2014

Updated software would have given UPS pilots an earlier warning that they were too low before their cargo jet crashed in August, killing both crew members on approach to Birmingham airport, Alabama, a US National Transportation Safety Board report concluded.
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Doomed UPS Plane Lacked Updated Warning Software

Prosecutors Search Lufthansa Cargo In Bribery Probe

February 19, 2014

The offices of Lufthansa Cargo have been searched by prosecutors in connection with a bribery probe, a spokeswoman for the Frankfurt prosecutor's office said on Tuesday.
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Prosecutors Search Lufthansa Cargo In Bribery Probe

Cargojet Shares Rise On Canada Post Contract

February 19, 2014

Cargojet shares rose more than 22 percent on Wednesday after the Canadian cargo carrier announced a seven-year deal with Canada Post that it estimates is worth about CAD$1 billion (USD$906.1 million) in revenue.
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IATA Chief Says Weak Cargo The Biggest Airline Worry

February 9, 2014

Weakness in air cargo markets remains the biggest worry for airlines despite some evidence of recovery in 2013, the head of the International Air Transport Association said on Sunday.
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IATA Chief Says Weak Cargo The Biggest Airline Worry
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