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 “Navigating the Q4 Capacity Crunch: Air Charter Solutions from China to ..read more

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 cargo processes by connecting freight forwarders, carriers, ground ..read more

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 $24 apiece. Each ADS represents 2,000 of ..read more

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 earnings call that “our current revenue performance is ..read more

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 flight manual was not updated to comply with ..read more

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 and manage pharmaceuticals and medical supplies entering the UAE market, according to today’s ..read more

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 consolidated revenues in Q1 and a ..read more

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 process between freight forwarders and ground handling agents, according to the airport’s (BRU) website.  BRU’s ..read more

CrowdStrike continues to manage the fallout from its IT outage July 19 as it works on remediation plans with the banks, airlines and stock exchanges that were brought to a halt by the tech meltdown.   The cybersecurity firm last Friday released a patch, or a software update that addresses security vulnerabilities, on its Falcon cybersecurity ..read more

Swiss freight forwarder Kuehne+Nagel Group today reported CHF 6 billion ($6.8 billion) in net turnover for the second quarter, an increase of 1% year over year.  THE BIG PICTURE: Though the YoY increase in net turnover was small for Q2, it is an improvement from Q1 and 2023, when the company (K+N) saw YoY decreases ..read more