airfreight News Updates

The founder of cargo booking platform Freightos is calling for a board shake-up including the ouster of Chairman Udo Lange, citing a drop in the company’s share price.

Tenet Transportation Tech merged with Crown Data Systems, combining Tenet’s carrier operations software with Crown’s airfreight trucking software business.

UPS is set to expand its North American Air Freight capabilities by debuting time-definite heavy airfreight service to and from Mexico for the first time.

Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.

“After extensive review, the FAA approved Boeing’s protocol for safely returning MD-11 airplanes to service,” the agency said May 11 in a statement.

The collapse of Spirit Airlines is cascading through airports across the U.S., leaving passengers stranded midjourney.

President Donald Trump said the federal government was still looking at a rescue plan for Spirit Airlines and would offer a final proposal. 

The agreement, which has not been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up to 90% of the new entity.

The more cautious outlook puts United broadly in line with peers grappling with the same pressures, including Delta and Alaska Air.

Spirit has considered offering the U.S. government an equity stake in the discount carrier to help stave off its potential liquidation.