April 2018: LAX Breaks 18-Year-Old Cargo Record, Processing 2.158 Million Metric Tons in 2017 Los Angeles International Airport (LAX) processed more than 2.158 million metric tons of cargo in 2017, breaking an 18-year-old record for cargo tonnage processed. The figure, which is inclusive of goods destined for both domestic and international destinations, has also increased LAX’s worldwide and national cargo processing ranking to #13 in the world and #4 in the nation, an increase from #14 and #5, respectively. The increase is an indicator that Los Angeles remains an important economic conduit for the world’s goods, and reaffirms Los Angeles World Airports’ (LAWA) strategic goal of sustaining a strong business." Click here for full story.
Other Cargo News
August 9, 2018: Global Air Cargo Growth Slowed Markedly in June – “The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%...” Mark Nensel/Aviation Daily
June 19, 2018: Boeing wins big freighter jet order as FedEx bets on continued air cargo recovery -- Reaping the benefit of a worldwide recovery in air cargo, even amid fears of a global trade war, Boeing on Tuesday announced a big order from air package delivery specialist FedEx Express. Dominic Gates/Seattle Times
June 19, 2018: Platinum Equity sells air cargo handling company for $1.4 billion -- Beverly Hills-based Platinum Equity has sold air cargo handling company Worldwide Flight Services to affiliates of Cerberus Capital Management for nearly $1.4 billion, Platinum announced on June 19. Howard Fine/Los Angeles Business Journal
June 18, 2018: Nippon Cargo Airlines grounds all flights -- Nippon Cargo Airlines (NCA) has temporarily grounded all aircraft after an error was uncovered in maintenance records. Air Cargo News