North American main-deck providers post excellent results 
Atlas Air Worldwide Holdings, which has the highest number of Boeing B747s in its fleet (53 units, 44 of which are freighters), has posted a net income of USD 78.9 million in Q2, (USD 86.9 million in Q2/2019). Its adjusted ebitda came to USD 247 million (USD 84.1 million in... more
Hapag-Lloyd weathers H1 well
The Hamburg-based carrier Hapag-Lloyd improved its financial result significantly in H1/2020, but lost volumes. While revenues rose by 2,5% to EUR 6.4 billion (EUR 6.2 billion in H1/2019), earnings before interest and taxes (ebit) surged by 14% to EUR 511 million, thereby... more
Colombian cargo carrier to take off today
Panamericana Airlines, a Colombian airfreight operator founded and headed by German businessman Thomas Friese, is set to begin operations today, 17 August, in Barranquilla, the capital city of Colombia's Atlántico Department on the Caribbean Sea.Ronald Peña, growth manager of... more
Swiss Worldcargo further expands summer timetable
Swiss Worldcargo will expand its summer timetable until the end of October 2020. The cargo division of Swiss will add new destinations to its network in the coming weeks, connecting Switzerland to Canada once again with the launch of flights to Montreal, beginning 14 July.... more
Air Canada to introduce Istanbul
Starting tomorrow, 11 July 2020, Air Canada Cargo will serve Istanbul twice a week operating a cabin-loading A330-300, with one flight each from Montreal and Toronto. New or additional flights have also been launched to Amsterdam, Athens, Brussels, Dublin, Geneva, London,... more
Multiple records for Canadian railways
The two biggest Canadian Railways CN and Canadian Pacific CP have both reached a new high of grain transportations. CN achieved another monthly record in June, when it shipped 2.7 million t of Canadian grain. Furthermore, CN carried 15 million t in the first half of 2020... more
Dachser Chile's growing LCL service
Dachser Chile has reported that its weekly LCL service from Hamburg, Germany to San Antonio, Chile has seen a 35% increase in demand since its launch in April of this year. In fact, the company will likely expand the service to accommodate the growing needs in the market.... more
Air cargo network for perishables
Hong Kong based Neutral Air Partner (NAP) and UK’s Peter Shepherd Consultancy have joined forces to launch Perishable Logistics Network, a brand-new perishable focused logistics network. Perishable Logistics Network (PLN) will be empowered by NAP and will be targeting... more
CBP catches smugglers on the wrong foot
US Customs and Border Protection (CBP) officers recently made important seizures of counterfeit fashion and apparel products. On 30 June 2020, officers in Louisville intercepted two packages from Hong Kong that contained 648 counterfeit belts. Labelled as Gucci and Ferragamo,... more
Moody's mood worsening
It comes as no surprise that the rating agency Moody's sticks to its negative outlook for the global shipping sector for the coming 12 to 18 months. The outlook has been negative since March 2020. Yet, Moody's investors' service now draws an even gloomier picture in a new... more