The International Air Transport Association (IATA) has announced a 10.3% increase in global airline cargo demand for March 2024 over March 2023, marking the fourth straight month of double-digit growth. International operations demand saw a rise of 11.4%. Cargo capacity also saw gains, with a 7.3% increase overall and a…
The International Air Transport Association (IATA) reported an impressive increase in global air cargo markets for January 2024, with a rise in demand by 18.4% and capacity expansion by 14.6% compared to last year. International operations saw even higher growth rates. The boost in demand, notably the highest since 2021,…
The International Air Transport Association (IATA) has reported a noticeable rebound in the air cargo sector for 2023. The industry has demonstrated resilience despite economic uncertainties, particularly during the fourth quarter. Here’s a snapshot of the 2023 air freight market trends: These trends underline the dynamic nature of the global…
Lufthansa Cargo, a global leader in air freight transport, has announced the appointment of Philip Rauchhaus as Head of Region DACH (Germany, Austria, Switzerland) & Key Account Management (KAM) for Europe, the Middle East, and Africa (EMEA). This decision ensures that an experienced leader will supervise and advance the airfreight…
The International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO) strengthened their collaboration on global safety standards for air transport of dangerous goods. This enhanced cooperation was affirmed at the IATA’s headquarters in Geneva. ICAO Secretary General Juan Carlos Salazar visited IATA, focusing on amplifying synergy between…
Freight forwarding companies around the globe will experience a more streamlined and efficient booking process with Cathay Cargo‘s Click & Ship platform. It now has integrated real-time capabilities through an Application Programming Interface (API) link with CargoWise. CargoWise is a leading logistics platform that works with 24 of the 25…
The International Air Transport Association (IATA) released data for November 2023 global air cargo markets, indicating the strongest year-on-year growth in roughly two years. This is partly due to weakness in November 2022 but also reflects a fourth consecutive month of strengthening demand for air cargo. Global demand for air…
The November 2023 Traffic Results published by the Association of Asia Pacific Airlines (AAPA) reveal a strong growth in passenger traffic and an increasing demand for cargo. According to the preliminary November 2023 traffic figures released by the AAPA, international passenger markets experienced solid expansion, driven by a robust travel…
The International Air Transport Association (IATA) has recently released data for October 2023 global air cargo markets, showing a consistent increase in year-on-year demand for the third consecutive month. In October 2023, global demand, measured in cargo tonne-kilometers (CTKs), grew by 3.8% compared to the same period in 2022. The…
Lufthansa Cargo has begun the construction of a new state-of-the-art hub at Frankfurt Airport. It is making a significant investment of around 500 million euros in the modernization of Cargo City North. In collaboration with partner Ed. Züblin AG, the airline, has begun constructing a 40-meter-high high-bay warehouse, automated transport…
