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Air Cargo: Page 27

MSC Air Cargo Arm Will Debut with 777-200Fs

Mediterranean Shipping Co., the world’s largest shipping line by capacity, is bringing in four Boeing 777-200 freighters to anchor its new MSC Air Cargo operation.

Photo: iStock.com/ake1150sb

United Airlines Staff at Heathrow to Vote on Strike Over Pay

United Airlines Holdings Inc. faces potential disruption in one of its most lucrative overseas markets as 300 workers at London’s Heathrow airport begin voting in a strike ballot over pay.

Photo: Bloomberg

FedEx Stock Tumbles After Warning on Economic Trends

The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978.

A close-up view of two FedEx Corp. parcels. Photo: Shutterstock.

Germany Sells Full Stake in Lufthansa at $760 Million Profit

Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.

Photo: Lufthansa

World Cargo Symposium Op-ed

The 15th IATA World Cargo Symposium (WCS) taking place in London from 27 – 29 September 2022 will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.

Korean Air Weathered Pandemic Turbulence With Style

Cargo has turned out to be the difference maker for airlines navigating the pandemic. Just look at Korean Air, which has prospered largely because it expanded its substantial cargo business.

Korean Air

Apollo-Led Group to Buy Cargo-Hauler Atlas Air for $2.9 Billion

An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $2.9 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.

Photo: Bloomberg

Plane Parts Shortage Threatens More Disruptions to Air Travel

Airlines are increasingly hard-pressed to find engines and other spare parts to keep their planes flying.

Passengers in an airport lounge watch a plane fly off at dusk. Photo: Shutterstock.

UPS Earnings Rise as It Ships Fewer Amazon Packages

United Parcel Service’s profit and revenue keep rising even as the number of packages moving through its network keeps declining.

An employee loads packages into a shipping container at a United Parcel Service Inc. (UPS) Worldport facility in Louisville, Kentucky. Photo: Bloomberg.

Labor Unrest Disrupts Supply Chains From Sky to Sea

Each wave of supply shock to hit the global economy during the pandemic seems to produce a different scapegoat.

A Deere & Co. worker holds a sign during a strike outside the John Deere Des Moines Works facility in Ankeny, Iowa. Photo: Bloomberg.

The Power of Data in Negotiating Shipping Contracts

1107 Fed Ex

Amazon Drone Crashes, Delays Dim Jeff Bezos' Delivery Dreams

Jeff Bezos went on 60 Minutes in 2013 and pledged to fill the skies with a fleet of delivery drones that could zip parcels to customers’ homes in 30 minutes. Asked when this future would arrive, the Amazon.com founder said he expected drone deliveries to commence in the next five years.

Photo: Shutterstock

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