The July 19 CrowdStrike outage, which left airlines, airports, banks and health care providers reeling from mass delays and system failures, like the pandemic, highlighted the importance of contingency plans for air cargo industry stakeholders. Air cargo industry leaders in the July 25 webinar “Nav
Cargo Community Systems Japan will go live with its first set of ONE Record use cases, powered by air cargo technology company Champ Cargosystems. Cargo Community Systems Japan (CCSJ) provides an information exchange platform to support the air cargo industry in Japan. CCSJ aims to digitalize air c
Latam Airlines Group SA’s American depositary shares climbed 2.9% in their return to the U.S. market after a group of shareholders raised $456 million in an offering. The Santiago-based airline’s ADS closed at $24.70 each on Thursday in New York, a day after the shareholders sold 19 million ADS for
American Airlines Group today reported record quarterly revenue of $14.3 billion for the second quarter, an increase of 2% from Q2 2023. The carrier group’s cargo revenue fell 1.3% year over year to $195 million. Despite the record quarterly revenue, Chief Executive Robert Isom said on today’s earn
A shift to economy services and costs associated with the Teamsters contract resulted in a disappointing quarter for UPS and overshadowed one of the better acquisitions that UPS has made in recent years: Mexico-based last-mile provider Estafeta. On the company’s July 23 earnings call, UPS Chief Fin
Ypsilanti, Mich.-based cargo carrier Kalitta Air is facing a potential civil penalty of $400,000 from the FAA for allegedly violating a 2020 airworthiness directive. “The agency alleges Kalitta flew a Boeing 777F aircraft on 44 flights between Dec. 29, 2022, and Jan. 26, 2023, when the aircraft’s f
Danish freight forwarder DSV today reported 41.2 billion kroner ($6 billion) in second-quarter revenue, an increase of 9.1% year over year. THE BIG PICTURE: In line with other freight forwarders, DSV’s earnings reflect a normalizing supply chain following the upheaval of the pandemic. DSV reported
Swiss transport and logistics company Kuehne+Nagel received an aggregation license in the United Arab Emirates to allow it to aggregate services for pharmaceuticals and medical supplies. The license, granted by the UAE’s Ministry of Health and Prevention (MOHAP), lets Kuehne+Nagel (K+N) aggregate an
UPS today reported $21.8 billion in second-quarter consolidated revenues, a decrease of 1.1% year over year. THE BIG PICTURE: Like other companies in air cargo and the supply chain, UPS is seeing improvement compared with its earnings from the past 18 months. UPS reported a 5.3% YoY decline in conso
Brussels Airport’s data-sharing platform BRUcloud, hosted by supply chain software integrator Nallian, is planning new digital features for its Digital Green Lane application, including paperless processes for customs documents. The Digital Green Lane (DGL) is the standardized pickup and delivery p
