Shortly before Christmas, Milan based Cargoitalia ceased all its operations due to mounting financial losses, and teh company is set to be dissolved and liquated. The company ceased all operations on December 21^st, 2011.

Cargoitalia fleet of MD-11’s have been grounded since December 21^st, 2011. The company put down its dramatic demise to a slump in global demand, which led initially to routes being cut, and then to its eventual bankruptcy.

The Italian air freight carrier, Cargoitalia, was established in 2005 and had previous financial difficulty after acquiring Alis Aerolinee. Cargoitalia had operated…

The Cass Freight Index, which measures No0rth American shipping freight volumes, was up 0.75 in volume when compared with December 2010 and 15% up when compared to December 2009.

This strong December result is indicative of retailers maintaining low inventories and postponing delivery of shipments until the end of Q4, 2011.

The December results were very good news for US shippers as it followed two months of declining freight shipments. Shipment expenditure was up 1.8% when compared to November 2011 and expenditure was up a significant 18.8% when compared to December 2010.

The Cass Freight Index is a trusted…