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Air Freight Costs Are Soaring: Why Chinese E-Commerce Giants Like Shein, Temu Are To Blame
Wednesday, February 21, 2024 - 10:14am | 519The sheer volume of packages from these fast-fashion giants has led to increased air freight costs from key Asian hubs, creating capacity shortages and eliminating traditional off-peak seasons. What Happened: According to Reuters, e-commerce giants like Shein and Temu — owned by PDD Holdings Inc (...
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Canadian Passenger Airline WestJet To Launch Freighter Division
Thursday, June 24, 2021 - 11:53am | 1229Add Canada's WestJet to the growing list of passenger airlines creating all-cargo fleets to grab a piece of the booming e-commerce market and diversify their business. On Wednesday, Calgary-based WestJet announced it will acquire a small fleet of converted Boeing 737-800 freighters and begin...
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Buoyant Air Freight Markets Boost Earnings At Expeditors
Tuesday, August 4, 2020 - 12:58pm | 787Expeditors International rode a strong air freight business to a quarter that beat Wall Street estimates. Total Expeditors revenue jumped 27% to $2.58 billion, which the SeekingAlpha website said topped estimates by $750 million. Earnings per share (EPS) under GAAP guidelines were $1.09, which...
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Can Anyone Dethrone Amazon Atop FreightTech Awards? Nominations Now Being Accepted
Tuesday, July 28, 2020 - 1:21pm | 780Amazon Inc (NASDAQ: AMZN) has become synonymous with disruption. It disrupted the retail space and helped usher in e-commerce, and it's done the same in the freight space, turning traditional freight delivery schedules upside down. Amazon brought two-day, one-day, and even same-day shipping to the...
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COVID Ushers In Direct Cargo Flights From Vietnam
Thursday, July 2, 2020 - 1:30pm | 946High airfreight rates and the urgent need for personal protective equipment have led to more direct all-cargo flights from Vietnam to the U.S., saving shippers time and money, according to logistics companies and airport managers. Since mid-April, Wen-Parker Logistics has chartered 46 full...
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Lessons from Qantas violation for overweight cargo
Friday, June 19, 2020 - 11:44am | 424Poor communication between crew and load planners led a Qantas Airways (AX: QAN) passenger plane to take off above approved weight limit and spurred the airline to deploy hand-held scanning devices to automate most of the freight confirmation process, according to the results of an investigation...
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'Ghost' Freighters Boost Shippers
Tuesday, June 9, 2020 - 11:10am | 1219Ghost freighters, passenger planes flying around the world with no paying customers on board, do not frighten logistics companies. That's because the planes aren't empty. They're packed with valuable cargo that producers, retailers, and their transportation intermediaries need to move fast....
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Analysis: Amazon Air And ATSG Grow Together
Friday, June 5, 2020 - 2:41pm | 1599Amazon's announcement that it will lease 12 all-cargo aircraft from a key contract carrier demonstrates how the online retail and logistics giant has created a formidable private airline in the span of four years to keep up with the enormous growth of e-commerce. The additional Boeing 767...
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GECAS Readies 777-300 Freighter Conversion Program
Friday, June 5, 2020 - 12:46pm | 351GE Capital Aviation Services (GECAS) said it delivered its first former Boeing 777-300 passenger plane to Israel Aerospace Industries this week for conversion to all-cargo service. The GECAS-owned aircraft, which was flown from Dubai to Tel Aviv airport, was initially part of Emirates' passenger...
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What a freight-centric airport can do for shippers
Friday, May 29, 2020 - 12:46pm | 1076As retailers halted international shipments due to COVID-19, cargo-dedicated airports like Rickenbacker International (LCK) in Columbus, Ohio, had to pivot quickly. When the freight on shipping routes of Rickenbacker's retail partners like Gap(NYSE: GPS), Eddie Bauer, and Lululemon(NASDAQ:...
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Shanghai Pudong airport continues to choke on cargo
Friday, May 15, 2020 - 11:50am | 915Cargo terminals at Shanghai's Pudong International Airport remain extremely congested, but logistics companies responsible for getting shipments from their customers and on planes say the flood of freight trapped in warehouses is slowly beginning to recede. "There are some green shoots of...
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Today's Pickup: C.R. England Tops Four Million Meals Donated
Monday, April 27, 2020 - 11:25am | 966Good day, While efforts by the nation's logistics companies to assist those in need are continuing, with many companies collecting donations or handing out food, C.R. England and subsidiary England Logistics have continued to do their part through the One Initiative. The companies announced they...
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Executive Director Of The Airforwarders Association Brandon Fried Discusses Air Freight And COVID-19 (With Video)
Monday, April 20, 2020 - 2:32pm | 262The Executive director of The Airforwarders Association, Brandon Fried, speaks with FreightWaves founder and CEO Craig Fuller on the importance of the air freight industry and how it has adapted to accommodate the needs of a nation in crisis. SUBSCRIBE ON YOUTBE: http://bit.ly/FW-subscribe...
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More Humanitarian Aid For US Pours In By Air
Friday, April 17, 2020 - 3:27pm | 656The frequency of freighter aircraft transporting emergency supplies to the U.S. from overseas continues to grow in support of government and private-sector relief efforts for coronavirus prevention and treatment. Project Airbridge, the airlift organized by the Federal Emergency Management Agency (...
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Substituting Cargo For Passengers Becomes Mainstream Business For Airlines
Thursday, April 9, 2020 - 4:46pm | 1080What started out a month ago as a niche, experimental business — turning passenger aircraft into dedicated freighters for cargo customers — has exploded in popularity and become a driver of sorely needed revenue for airlines. In just three weeks, United Airlines Holdings, Inc. (NASDAQ: UAL) has...