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DHL announced last month that it had agreed to acquire Airborne Inc., parent company of the third-largest parcel express carrier in the United States, Airborne Express.

For the first time in the 13 years Colography Group has tracked international shipping rates, ocean shipping will grow faster than air shipping in 2003, the research firm predicts.

Two panda bears will travel on board a custom-decaled FedEx Express MD-11 jet during a trans-Pacific journey this month.

Air freight will make a modest rebound this year all the way back to 1997 shipment levels, says the Colography Group.

U.S. Customs officials have unveiled plans for tightening security on international air cargo movement.