Air Cargo

Iceland has raised the alert level for a volcano to “red,” the highest level, after the island’s meteorological

Weekly wrap-up for Aug. 23, 2014
In the latest instance of drayage-related disruption, violence flared at Ningbo’s Beilun Container Port as thousands of striking truck drivers clashed with riot police and smashed the windshields of trucks crossing a picket line. The past week’s protests brought the world’s sixth-largest container port to a standstill, with carriers reportedly diverting ships.

Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.

There are increasing signs that an Icelandic volcano could erupt, potentially disrupting shippers transporting goods via the freighters and in the bellies of passenger planes — much like an eruption on the island did in 2010.

Shippers transporting goods via freighters and in the bellies of passenger planes flying in the northern European are closely watching an Iceland volcano, as many recall how a 2010 eruption on the island seriously disrupted shipments for days.

U.S. authorities added money laundering to the list of drug-trafficking charges facing global shipping giant FedEx.

Both UPS and FedEx have received long-awaited approval from the Chinese government to widen operations in the country.

Cathay Pacific’s strong start to the year continued into July when robust growth in its air freight tonnage ou

Hong Kong-flag carrier Cathay Pacific reported today that its group profit skyrocketed more than 14-fold in the first half of 2014 from a year earlier...

Airplane taking off
Air freight rates are steadily climbing as demand creeps upward, leaving airline heads optimistic about the second half of 2014.