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Air Canada Cargo expands freighter operations to Europe and Latin America

Air Canada Cargo is expanding its freighter network with the addition of new flights to Amsterdam Schiphol, Monterrey and Panama City. The twice-weekly service to Amsterdam begins October 29 and will complement Air Canada's passenger flights to the city. Meanwhile, the Monterrey and Panama City flights will "deepen freighter connectivity to important manufacturing and distribution markets in Mexico and Central America". The flight to Monterrey begins on 26 October and will operate three times per week. The operation to Panama City starts on 25 October and flies two times each week. "Together, the three freighter destinations broaden Air Canada Cargo's scheduled freighter offering from Toronto and create additional routing options between Europe, Canada and Latin America," the carrier said. Matthieu Casey, managing director, commercial - cargo at Air Canada, said: "The introduction of our freighters in Amsterdam is an important step in strengthening our European network. "This gives us dedicated main-deck capacity at a time of year when transatlantic capacity is more constrained, helping us better serve customers in the Netherlands and across Europe while creating opportunities to connect their cargo through our global network. "Together with new freighter service to Monterrey and Panama City, these additions enhance two-way connectivity between Europe and our growing Latin American network, creating more opportunities to reach key markets such as Quito, Lima, Bogotá and Mexico City." Carl Jones, head of aviation business development, Toronto Pearson, added: "This expanded service reinforces trade links between Canada, Europe and Latin America, creating new opportunities for businesses and improving access to key global markets."

DSV air volumes hit by weak Europe and reduced Asia-Europe e-commerce

DSV's airfreight business faced third quarter challenges including weak activity in Europe and reduced Asia Pacific-Europe e-commerce demand. Airfreight volumes fell by 3% to 560,890 tonnes in the third quarter compared to the third quarter of 2025. Overall, volumes grew 15% year on year in the first nine months of 2026. As well as reduced e-commerce shipment volumes on the Asia Pacific-Europe trade lane and Europe-APAC volumes that were below expected levels, the Denmark-headquartered freight forwarder said its air volumes were also negatively impacted by yield management initiatives and shippers shifting cargo from air to sea transport. Meanwhile, DSV pointed out that the Middle East conflict continued to disrupt global airfreight networks, leading to higher costs and volatility, flight rerouting and reduced effective capacity. Although technology, including cloud, demand in in APAC and North America helped lift volumes. "Despite a positive volume trend during the quarter, the decline was larger than expected. Volumes were impacted by yield-management initiatives, conversion from air freight to sea freight, lower-than expected activity in Europe and reduced e-commerce volumes on the APAC-Europe trade lane. "This was partially offset by growth within Technology business in APAC and North America. Middle East-related trade lanes remained weak due to the ongoing conflict in the region." Despite the drop in volumes, airfreight revenue for the quarter was up 16.6% to Dkr24.6bn and air gross profit improved 4.3% to Dkr5bn. DSV commented that average gross profit yields increased "8% YoY in constant currencies". Revenue for the air and sea division was Dkr45.5bn, up by 15.9% in constant currencies terms. This was "mainly driven by increased freight rates and surcharge recovery, especially in air freight", said DSV. Meanwhile, gross profit was Dkr9.2bn. This was an increase of 0.2% year on year, dragged down by the performance of the sea business, where gross profit was down 4.2% "Gross profit was affected by negative volume growth in certain European markets, as well as the transfers of certain services to Global Products," said DSV. "Adjusted for these transfers, gross profit increased 2.8% YoY." It further stated: "In constant currencies, the gross profit was on level with last year. Higher average gross profit yields for air freight and integration synergies were offset by lower freight volumes across both air and sea freight." Across the whole business DSV reported revenue of Dkr80.6bn, up 12% year on year. DSV reported gross profit of Dkr20.3bn, an increase of 2.3% compared to the same period last year. Jens Lund, DSV Group chief executive, said: "We delivered earnings growth in a volatile market, driven by strong results in Air & Sea and Contract Logistics. "Road was affected by integration-related operational issues, but service levels recovered by quarter-end, allowing us to shift our focus to productivity, commercial initiatives and organic growth. "We remain focused on completing the Schenker integration, realising synergies and advancing our 2030 ambitions through investments in AI, technology and network optimisation." Schenker integration The integration of Schenker has largely continued as planned, said DSV. At the end of the third quarter, almost all of the countries with operations "have either completed integration or are in the process of integrating". However, there are a small number of countries where integration is expected to start during the fourth quarter. The Road division in particular has seen operational and commercial challenges in certain European markets following the integration. "Annual synergies are still expected to be at the level of DKK 9 billion, partly offset by inflationary pressure and costs related to increased activity in Contract Logistics," said DSV. "The remaining synergies related to Road and certain Group functions are expected to be delayed into 2027 due to the operational issues in Road."

New mining operations unearth opportunities for logistics in Africa

Mining developments in sub-Saharan Africa are boosting the continent's infrastructure, which supply chain operators have been crying out for, but significant gaps remain. Data from the OECD shows more than $155bn will be required for upgrades in port, rail, and road infrastructure over the next decade if the sub-Sahara region "is to meet its potential", but with multiple projects already under way, there are positive signs. DHL Express Sub-Saharan Africa CEO Hennie Heymans told The Loadstar: "We've seen enormous improvement. If you go to Kenya, there's an incredibly smooth new highway, which is partly what's driving the growth in that economy. "If you look at Ethiopia, it is building €15bn airport in Addis Ababa. Rwanda, one of the smallest countries, is building a €4bn airport. If you talk about Nigeria, you talk about Lagos and Abuja. We see fantastic improvements in infrastructure." And this investment is having real world logistics implications, with journeys between Nairobi and Addis Ababa, that previously took upwards of a week, down to 24 hours; while an eight-lane highway has dropped domestic journeys from four hours to mere minutes. Much of the spur behind this has been new mining operations, necessitating the development of roads, port improvements, and services to support them. Also, forwarders in the region believe the arrival of mining presents opportunities for developing trade in the region, with the growth of secondary cities around the sites set to lead to commercial centres and provoke new demand for logistics. Mr Heymans is not naïve over the changes still needed, noting that "there is still an infrastructural deficit", but he said it would be remiss not to recognise the level of improvement that has taken place over the past decade.