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In April 2023, former Polar Air Cargo COO Lars Winkelbauer was arrested in Thailand and charged, along with 10 others, with defrauding the company of an estimated $52m. [5] In February 2025, Atlas Air and DHL announced that Polar Air Cargo would be dissolved, with the 4 747-8s and 2 777Fs in Polar’s fleet continuing to be operated by Atlas. [6]
The USPS and a union representing city carriers struck a tentative deal on a new contract Friday. The deal sees COLA adjustments and raises with a requirement that new vehicles have air conditioning.
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020.
USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. The agency said in a statement that its contract with UPS will be for a minimum of five and a half years.
A longtime contract between FedEx Corp. and the United Postal Service is coming to an end this summer. The Memphis-based shipping giant announced Monday it will no longer be USPS’ main air-cargo ...
Polar Airlines (Russian: Полярные авиалинии, Poljarnýe avialinii) is an airline based in Yakutsk, Sakha Republic, Russia. It operates scheduled and charter passenger and cargo services. [2] In 2022, it became part of Russia's single far-eastern airline, along with four other airlines.
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Air freight rates rose as a consequence, from $0.80 per kg for transatlantic cargoes to $2.50–4 per kg, enticing passenger airlines to operate cargo-only flights through the use of preighters, while cargo airlines brought back into service fuel-guzzling stored aircraft, helped by falling oil prices. [15]