Cathay Pacific has announced that it will retire three Boeing 747-400BCFs this year. Although the carrier will still take delivery of three additional Boeing 747-8Fs in 2012, with two more arriving in 2013, the retirements mean that freighter capacity growth will be flat this year. Earlier company projections pegged freighter growth for 2012 at 3 percent.
One month after FedEx Corp. agreed to purchase Polish shipping company Opek Sp.z o.o., the company announced plans to procure French business-to-business express company Tatex. The exact terms of the deal haven’t been disclosed, but the acquisition will give FedEx Express access to a domestic ground network that handles 19 million shipments a year and generates approximately €150 million in annual revenue. read more
Air France-KLM’s April freight volumes plunged 8.3 percent, year-over-year, on a capacity decline of 3.3 percent. The carrier’s cargo traffic was especially sluggish in the Americas and in the Asia-Pacific, with volumes falling 10.6 percent and 8.9 percent, year-over-year, respectively. Fortunately, traffic in the Caribbean/Indian Ocean region proved to be a bright spot for Air France-KLM in an otherwise cloudy month. read more
The same day that DHL Express announced a potentially lucrative partnership with the U.S Department of Commerce to boost U.S. exports, a scathing report surfaced slamming parent company Deutsche Post DHL for mistreating employees. According to the white paper, titled “Corporate Irresponsibility, Deutsche Post DHL’s Global Labour Practices Exposed,” the company has violated numerous ethical standards, including submitting workers in Colombia, Costa Rica and South Africa to lie detector tests and paying sub-par wages. read more