Western Global goes bankrupt after facing cash crunch
Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
WorldACD Market Data Review of H1 2023: North Africa tops air cargo growth
Analysis by WorldACD highlights areas recording ongoing growth and interesting demand and pricing patterns in the second quarter and first half of 2023
Silk Way West Airlines establishes a new scheduled route connecting its global hub in Baku with Los Angeles
Silk Way West Airlines, the leading cargo airline in the Caspian and Central Asian region, expands its US network by adding weekly flights to and…
[Freightos Weekly Update] Ex-Asia rates spike on August GRIs
Key insights: 1 Early-month General Rate Increases pushed ex-Asia ocean rates up sharply this week, with Asia - US West Coast rates now above $1,900/FEU,…
National Air Cargo Group partners with Etihad Cargo on USPS ICAIR 2023-27 program
U.S. based National Airlines, a division of National Air Cargo Group, Inc., has entered an interline agreement with Middle East’s Etihad Cargo to successfully roll…
UPS cuts forecast with costs set to rise after union deal
United Parcel Service Inc. lowered its full-year profit forecast as the courier contends with shifting consumer habits and rising costs after a tentative labor agreement.
Bolloré Logistics participates in new airfreight service to Africa with Qatar Airways Cargo
On 3 May 2023, Bolloré Logistics Europe and Bolloré Logistics China took part in the celebration and official launch of the Qatar Airways Cargo African…
WorldACD Weekly Air Cargo Trends (week 30):
Tonnages down -5% in July
July demand indicates a ‘winter of discontent’ for airlines and forwarders as global air cargo rates continue to plunge
Shippers will hold the upper hand in the next round of winter airfreight rates negotiations after another month of falling demand in July saw volumes…
Etihad Cargo exceeds operational performance targets
• Etihad Cargo has achieved 82.7 per cent OTP for freighter departures and 82 per cent OTP for freighter arrivals, ahead of its 80 per…
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