air cargo

By Bhanu Choudhrie, Founder and Executive Director of Alpha Aviation  Aviation as an industry has suffered more than most because of the pandemic. Airlines around the world have lost more than $200 billion, with the effects of travel bans and border closures eradicating nine years’ worth...

In early August, Enovix Corp. (NASDAQ: ENVX) completed the installation of specialized equipment for a sophisticated production line in Fremont, California, and is gearing up to begin commercial production of batteries for mobile electronic devices in early 2022. The ocean congestion...

Snarled supply chains and lost production from factory closures due to COVID are dampening Nike Inc.'s revenue growth through a combination of lost sales and higher transportation costs.  Nike (NYSE: NKE) reported $12.25 billion in revenues for the quarter ended Aug. 31, a 16% gain from last year...

France-based Worldwide Flight Services (WFS) announced Friday it has acquired Pinnacle Logistics, a provider of cargo-handling services for the aviation market across the U.S. The acquisition is part of WFS' commercial growth strategy, which includes accelerating revenue in cargo handling through...

Royal Dutch Shell (NYSE: RDS-A) is building on its sustainable transition goals with an ambition to produce 2 million metric tons of sustainable aviation fuel (SAF) per year by 2025. "Currently, sustainable aviation fuel accounts for less than 0.1% of the world's use of aviation fuel. We want to...

To view more FreightWaves infographics, click here. Image by PublicDomainPictures from Pixabay

All-cargo airline Amerijet International abruptly ousted CEO Tim Strauss on Monday after only one year on the job and announced that former CEO and current Executive Chairman Vic Karjian will replace him on an interim basis, effective Saturday, while it conducts a search for a new CEO. The Miami-...

The Biden administration on Thursday announced an interim goal to produce 3 billion gallons of sustainable aviation fuel (SAF) per year by 2030 on the way to net-zero emissions by mid-century. Commercial domestic and international flights in the U.S. are responsible for 11% of the country's...

Mammoth Freighters LLC, backed by funds managed by Fortress Investment Group, on Thursday publicly launched a business that will convert used 777s into all-cargo planes that can carry heavy containers on the main deck instead of passenger seats. Accelerating growth in air cargo shipments has...

Air Wisconsin, which flies under the United Express brand as a regional partner of United Airlines, is exploring opportunities as an all-cargo carrier with a single freighter it expects to deploy in early December, President and CEO Robert Binns said.  The Appleton, a Wisconsin-based company,...

To view more FreightWaves infographics, click here. Image by Danilo Bueno from Pixabay

An expanded route network, more sophisticated scheduling through hub airports and greater use of partner airlines to supplement its fleet have significantly enhanced Amazon Air's (NASDAQ: AMZN) ability to conduct overnight deliveries, according to new research from DePaul University. During the...

Even as retail stores across the nation reopen and compete with e-commerce sales, e-commerce continues its fight upward. According to data from the National Retail Federation, the positive year-over-year growth of U.S. online sales in 2021 will sit between 18% and 23%, contributing to overall...

The director-general of the International Air Transport Association acknowledged Monday that the organization has not seriously valued cargo throughout its history but said the pandemic taught airline executives that shipping goods can be profitable with more focused service. "People probably...

Southern Oklahoma doesn't normally spring to mind as a hub for global trade, but economic leaders hope a new 200-acre logistics park will be a catalyst for growth for inbound cargo and exports. Federal, state, and local officials recently broke ground on the site of the $124 million Global...