Forward Air Corp has posted 47.3 per cent increase in net profit to $47.2 million for 2011 drawn on operating revenues of $536.4 million, up 10.8 per cent year on year while operational profit increased 43.5 per cent to $77.1 million. The company also enjoyed a 22.4 per cent increase in year-on-year fourth quarter profit to US$14.45 million year on year, attributing the gain to a strong demand, reported the…

SDV International Logistics has taken a minority interest for an undisclosed sum in the FAST Overseas group that maintains a presence in Lebanon, Syria, Jordan and Italy. With US$30 million in turnover and 90 staff, FAST Mondial & Marine, is a freight forwarder in Lebanon. “With its subsidiary companies in Jordan and Syria, FAST Overseas group significantly increases SDV’s presence in Middle East and confirms the willingness of the group…

On the other hand, British Airways saw an increase of 16.8 per cent in freight tonne kilometres flown in December, behind a capacity increase of 17.9 per cent, reports Air Cargo World, of Roswell, Georgia. The carrier’s prospects are expected to continue to be positive with the addition of two Boeing 747 freighters into its fleet this year. The aircraft are being deployed on routes to London Stansted, Frankfurt, Chicago…

Hong Kong International Airport (HKIA) handled 3.9 million tonnes cargo in 2011, down 4.6 per cent year on year, said a Hong Kong Government statement. In December, air cargo throughput fell 4.3 per cent to 346,000 tonnes year on year, while passenger traffic rose 7.5 per cent to 4.8 million. The airport recorded 29,275 aircraft movements, exceeding the previous record of 28,951 in August 2011 and representing 5.5 per cent…

Royal Jordanian handles 60 per cent of air freight exports from Jordan and 40 per cent of its imports,” according to Muath Majali, the airline’s vice president/cargo sales and services. According to Mr Majali, the carrier is developing its presence in the air cargo industry through the implementation of several strategies by increasing sales and improving services in terms of speed, reported MENAFN in the Jordan Times. Mr Majali said…