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...More recently, US food company Cargill announced plans to install two folding sails on the deck of a bulk carrier, built by Mitsubishi in 2017 and chartered by Cargill....
...Not all the data points line up. Flexport, the freight forwarding company that monitors these things, points out that relative consumer durables demand is still high....
...It represents a remarkable turnround from 2015 when carriers bemoaned a “freight recession”....
...Korean Air Lines, the South Korean national carrier, reported record quarterly earnings for the period to September, on rising passenger numbers and greater freight demand combined with low fuel costs....
...But as carriers with a 40 per cent share of the global air cargo market, they were feeling the brunt of stagnation in the freight sector....
...Record deliveries of large passenger jets with substantial cargo holds meant that capacity to move air freight was 6.5 per cent up year-on-year in December....
...The company is one of more than 1,300 foreign-registered companies with a similar licence, technically known as a non-vessel operating common carrier licence....
...Cargo revenue fell 5 per cent to $14m, amid depressed conditions in the air cargo industry....
...By the end of December 2011, on a combined basis, LATAM’s consolidated capacity in the passenger and cargo businesses were 125 billion and 5.1 billion of available seat kilometers (ASKs) and available tone...
...One analyst said it was easier for the US airlines to reduce capacity because the market had consolidated, and the remaining large carriers were broadly pursuing the same strategy....
...“The question is how much of the cost can be passed to passengers and cargo clients.”...
...Much air cargo – 75 per cent of BA World Cargo’s volumes – travels in the bellies of passenger aircraft and passenger traffic has held up better than freight....
...Three cargo airlines have agreed to pay fines totalling $214m for their roles in a global conspiracy to fix prices for air freight....
...That privilege had gone to big regulated and unionised firms such as Yellow Freight and Consolidated Freightways....
...For the new airline’s cargo operations – which employ 5,500 people and account for turnover of €2.7bn ($3.7bn) – this meant creating a single system for sales agents, which would allow them to place freight...
...Still, several legacy carriers have recently posted earnings that showed weakness in their cargo business, including Cathay Pacific, the Hong Kong airline, and EVA of Taiwan....
...Although the latest Japanese case involves freight forwarders rather than airlines, it comes at a time when the cartel authorities from several countries are intensifying the investigation of cargo-related...
...action lawsuits from US and European freight companies and customers, which are being consolidated into a single action....
...s second-biggest carrier, said that its cargo operations abroad had not been questioned by officials....
...“The congestion we faced [in the US] last year is likely to be repeated this year,” David Lim, chief executive of Neptune Orient Lines, a Singapore-based ocean freight carrier, told a conference on trans-Pacific...
...Out of the 195 additional weekly flights that will be added between the US and China over the next six years, 111 are reserved for cargo carriers....
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