Air Cargo World News

Reports in the Chinese media suggest that airlines may be preparing to set up their own shipping and freight forwarding operations as early as next year to counteract their slowing cargo growth. Guangzhou-based China Southern and Shanghai-based China Eastern are both claimed to be mulling this radical new strategy, but would have to take into account the potential loss of business from third-party customers. read more

Modal shift has become a fact of life for CEVA Logistics, as customers look for bottom-line savings on their freight movements. The company attributed a 5.1-percent, year-over-year, increase in revenue in the third quarter to “strong growth in seafreight and the automotive sector.” read more

Two weeks after EU Climate Commissioner Connie Hedegaard announced that the European Union is “stopping the clock” on the Emissions Trading Scheme, President Obama ratified S. 1956, a law prohibiting U.S. carriers from participating in the EU ETS. In an official statement, the U.S. government reiterated its goal to “pursue a worldwide approach to address aircraft emissions,” instead of a unilateral approach. read more

Malaysia Airline’s MASkargo division has predicted a gradual recovery in revenues to 2.4 billion ringgits ($788 million) in 2013. But CEO Mohd Yunus Idris said a return to significant profit was unlikely. read more