Air Cargo News.For more air cargo air cargo: see aviation. news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 31, 2006 US air express revenues top $31 billion despite flat traffic. US air express revenues reached a record $31.3 billion in 2005, a 4.7% increase over 2004, but traffic remained flat, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an industry study released last week. The Air Cargo Management Group's annual "US Domestic Air Freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f and Express Industry Performance Analysis" notes that revenues are growing steadily, particularly for FedEx and UPS. "However, traffic volume for the industry at 15.3 billion ton-miles, and the number of shipments moving through the major express companies at 6.858 million per day, have not changed appreciably since reaching a peak in 2000," ACMG ACMG American College of Medical Genetics ACMG Association of Canadian Mountain Guides ACMG Air Cargo Management Group Project Director Robert Dahl said. Jul 25, 2006 Air Cargo Management Group's annual report points to price increases and rising fuel surcharges imposed by FedEx and UPS as the key drivers of the revenue growth. The duo increased their domestic express revenues by $1 billion and $400 million respectively in 2005, ACMG said. But the domestic US express shipment market grew just 0.2% last year and is 1.7% below 2000 levels. Jul 25, 2006 US domestic air cargo market has been flat for most of this decade, with trucks now transporting a significant amount of freight that once traveled by air. The ACMG analysis also notes problems related to the integration of consolidating companies in the US express sector. "Such mergers can prove difficult, as evidenced by DHL's continuing struggles with the integration of Airborne," Air Cargo Management Group's annual report Project Director Robert Dahl said. Jul 25, 2006 AeroSvit Ukrainian Airlines Descartes Systems Group was selected by AeroSvit Ukrainian Airlines to provide customs compliance technology. AeroSvit will use Descartes' Global Logistics Network to transmit cargo manifest information as required by Canada's Advance Commercial Information program. Jul 25, 2006 American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the American Airlines Cargo announced that online booking is now available through Cargo Portal Services. Jul 25, 2006 Avient Solutions Avient Solutions will supply its new inventory management system, SmartCargo, to Avient, an unaffiliated freight carrier operating from the UK and France on routes to Africa. Jul 26, 2006 Boeing Boeing reaffirmed its bullish air cargo forecast this week, projecting that the world freighter fleet will nearly double from 1,789 to 3,563 by 2025. Factoring in retirements, it estimates 2,983 freighters will be added to the global commercial fleet over the next 20 years. Some 62% of those additions will be widebodies. Jul 27, 2006 FedEx FedEx remains the market leader in the US express market with a 42.3% share of daily shipments, followed by UPS with 37.2% and DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature with 16.6%, according to Air Cargo Management Group. Jul 25, 2006 FedEx, Boeing FedEx plane goes off Louisville runway. A FedEx Corp. cargo plane cargo plane n → avión m de carga cargo plane n → avion-cargo m cargo plane cargo n → veered off a Louisville (Ky.) International Airport runway today after the pilot aborted the takeoff. No one was hurt, and no damage occurred. An FAA official says it is unclear why the Boeing 727, bound for Memphis, Tenn., went off the runway. Jul 27, 2006 Korean Air  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Korean Air Cargo will launch service to Stockholm Arlanda on a twice-weekly Seoul-Vienna-Arlanda-Seoul route beginning Aug. 24 aboard a 747-400F. Jul 24, 2006 Mountain Air Mountain Air Cargo Mountain Air Cargo is an American cargo airline based in Denver, North Carolina, USA. It is a major contract carrier for FedEx, operating in the eastern USA, Canada, Brazil, Argentina and the Caribbean. Its main maintenance facility is at Kinston Regional Jetport. carried 11.2 million lb. of freight in June. Jul 28, 2006 UPS UPS stock plunged more than 10% yesterday following its Tuesday release of below-expectation second-quarter results. Positive results are relative for the highly profitable express delivery company, which posted net income of $1.06 billion for the quarter, up 7.6% from a $986 million profit in the year-ago quarter. But analysts had predicted $1 per share earnings; the results came in at 97 cents a share for the quarter and triggered a steep drop in share price. Total international package volume lifted 16.5% in the quarter and Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mike Eskew said the "global small package market continues to expand and we are seeing significant opportunities." Revenues for the quarter totaled $11.74 billion, up 15.2%. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. grew 9.7% to $1.7 billion from $1.55 billion last year. Jul 27, 2006 |
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