Prepare for a rough ride in the last quarter, was the warning from the International Air Transport Association (IATA) as it released data for global air freight markets in July that as expected revealed a fall in air cargo demand amid turmoil in the world economy.
Hervé Montjotin, who led Norbert Dentressangle before its acquisition by XPO Logistics earlier this year, has abruptly resigned from the position of CEO of XPO Logistics Europe.
Spot freight rates on trade lanes from Asia to Europe and the Mediterranean held on to gains from the Sept. 1 general rate increase, rising for the second successive week, according to the latest reading of the Shanghai Containerised Freight Index.
Finnish postal operator Posti is in the middle of a four-day trial for parcel deliveries using a robotic drone helicopter to ferry packages between Helsinki and the island of Suomenlinna 2.5 miles offshore.
After six years out of the game, Brazil’s Container Terminal Santa Clara, or CONTESC, will return to handling containers starting October, according to its joint owners Wilson, Sons and Braskem, and a new container barge service will start up to serve it.
Freight rates on the spot markets continued their downward trend in early September, but shippers as well as carriers continue to say there will be a peak shipping season this year, and it will take place from October into early November.
AirBridgeCargo, which has so far outperformed its European rivals this year, has begun operations connecting Moscow to Singapore's Changi Airport.
Aerospace and defense company Saab has entered the port management technology market in the United Kingdom.
Logistics provider UTi Worldwide lowered its earnings forecast for its current fiscal year as the company reported deeper second quarter losses caused by declining ocean and air freight volume.
Greek authorities seized a cargo ship carrying undeclared weapons to Libya this week in the Mediterranean, which has become a become a thoroughfare for refugees, migrants, smugglers and terrorists in recent months.
CMA CGM will raise rates on cargo heading from the U.S. to Asia at a time of falling U.S. exports.
Orient Overseas Container Line, or OOCL, has joined the ranks of carriers this month announcing general rate increases for goods moving from Asia to Europe, despite the persistently weak market on those lanes that has undercut monthly GRIs for most of 2015.
Container traffic through Russia’s Baltic seaports plummeted 32 percent in the first half, showing that even Russian ports that serve as gateways to the country’s most important cities, like Moscow and St. Petersburg, will not be able to escape the wrath of the Russian recession.