Air Cargo Forwarder News

The Journal of Commerce provides comprehensive air cargo forwarder news and analysis of air cargo forwarders. It also covers in-depth strategies, pricing, capacity and air freight forwarding services.

The latest Air Cargo Forwarder News News & Analysis

Asian air freight stages US, Europe rate surge in November

Greg Knowler, Senior Editor Europe |
But rising air cargo rates on the major Asian export trade lanes do not portend a peak season this year with analysts pointing to poor economic conditions exerting strong downward pressure on consumers in the US and Europe.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

‘No vacancy’ signs up on trans-Pacific as e-commerce demand absorbs air cargo capacity

Greg Knowler, Senior Editor Europe |
A month ago, no one was predicting a peak season for air cargo on the trans-Pacific, but finding space from China to the US has become difficult as e-commerce demand heats up.
Air CargoTrans-PacificAir Cargo Carriers NewsAir Cargo Forwarder News

Forwarders facing margin pressure from smaller shipments, shift of air to ocean

Eric Johnson, Senior Technology Editor |
Shipments are getting smaller over time, driven in part by e-commerce growth, but also by a market that is disentangling cargo previously handled through air or ocean consolidation.
Air CargoForwardingAir Cargo Forwarder NewsLogistics Technology News

Asian air export rates rose in Q3 as cargo demand stabilized

Greg Knowler, Senior Editor Europe |
Rising airline costs and increasing air cargo demand over the last three months have largely insulated rate levels against a steady and significant increase in available air freight capacity.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Logistics software helping blur lines between forwarder, shipper processes: WiseTech CEO

Eric Johnson, Senior Technology Editor |
Richard White said in an interview with the Journal of Commerce the logistics industry is stuck in a pattern of tackling small problems instead of viewing international trade as a large, connected system.
Logistics Technology NewsForwardingAir Cargo Forwarder NewsSupply chain

Air cargo facing non-existent demand growth for a ‘few quarters’: Xeneta

Greg Knowler, Senior Editor Europe |
A widening imbalance between available air freight capacity and demand has dragged global rates to their lowest level since the start of the pandemic, with no signs of volumes improving on key outbound routes from Asia.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Clark departs Flexport amid differences with founder over strategic shift

Eric Johnson, Senior Technology Editor |
A difference of opinion over Flexport’s strategic shift toward fulfillment aimed at small businesses has prompted CEO Dave Clark to depart the company only a year after he came aboard.
ForwardingContainer Shipping NewsAir CargoAir Cargo Forwarder NewsSupply chainLogistics Technology News

Market interest ‘should be very high’ in DB Schenker sale: CEO

Greg Knowler, Senior Editor Europe |
The German-based forwarder remains the largest and most attractive takeover target in a cash-rich industry where the main players are all looking for opportunities to consolidate.
MaritimeForwardingTrucking NewsInternational railAir CargoAir Cargo Forwarder NewsSupply chain

M&A activity in 3PL sector continues as investment firm acquires Ascent

Eric Johnson, Senior Technology Editor |
Two weeks after Forward Air acquired forwarder Omni Logistics, a private investment fund has taken over expedited third-party logistics provider Ascent Global Logistics.
Supply chainSurfaceTrucking NewsTruck brokersAir Cargo Forwarder News

Logistics industry tiptoeing toward AI adoption: Freightos research

Eric Johnson, Senior Technology Editor |
Shippers and forwarders recently surveyed by Freightos believe artificial intelligence will reduce headcounts in the logistics industry, even if they have yet to figure out how best to use the still-emerging technology.
Logistics Technology NewsContainer Shipping NewsForwardingAir Cargo Forwarder NewsSupply chain

Shippers in control as summer slump, surplus space cuts air cargo rates

Greg Knowler, Senior Editor Europe |
Air cargo capacity continues to grow through the summer, outpacing weak demand from major destination markets with no sign yet of any turnaround.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Tough market conditions slow DHL’s H1 profitability

Greg Knowler, Senior Editor Europe |
A challenging operating environment pulled down revenue and earnings at DHL, but the Germany-based integrator remains in a highly profitable position ahead of an uncertain second half.
Air Cargo Forwarder NewsContainer Shipping NewsLTLLast Mile News

Long-term chartered air freight capacity depressing market: DSV

Greg Knowler, Senior Editor Europe |
Forwarders in 2021 signed long-term air cargo charters to meet rising demand for air freight resulting from an overheated ocean market, and some of those charter deals are still in place despite a widespread demand slowdown.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Strategic focus on higher-margin business pays off for forwarders

Greg Knowler, Senior Editor Europe |
The decision by DSV and Kuehne + Nagel to protect yields at the expense of volume is allowing the forwarders to move into an uncertain second half in a solidly profitable position.
MaritimeAir CargoContainer Shipping NewsAir Cargo Forwarder News

Major forwarders riding out slow return of traditional freight markets

Greg Knowler, Senior Editor Europe |
The CEOs of DSV and Kuehne + Nagel, shrugging off heavily distorted year-over-year comparisons, described their second-quarter results as “solid” and reflective of the evolving normalization of the air and ocean markets.
ForwardingContainer Shipping NewsAir Cargo Forwarder News

Maersk grows air freight services with opening of Atlanta hub

Teri Errico Griffis, Associate Editor |
The 123,000-square-foot warehouse will also serve as a forward staging area for the carrier’s South Carolina-based flight operations that link the southeast US to Germany, China and South Korea.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

'Nasty’ air cargo market puts forwarders under pressure: Xeneta

Greg Knowler, Senior Editor Europe |
Weak demand from key regions in an air freight industry awash with excess capacity is forcing forwarders with block space agreements to fend off aggressive pricing policies by rivals.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Maersk’s growing air freight coverage driven by in-house demand

Greg Knowler, Senior Editor Europe |
There is little demand to be seen in air cargo routes out of Asia, but the aggressive expansion of Maersk Air Cargo connections to the US and Europe points to strong interest from the carrier’s existing customers.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

IATA upgrades global airline outlook as recovery gathers momentum

Greg Knowler, Senior Editor Europe |
The airline industry has performed better than expected so far this year, with the International Air Transport Association providing a surprisingly sunny financial outlook for an industry with a forecasted profit margin of just 1.2%.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Slow demand, rising capacity drags air cargo rates to three-year low

Greg Knowler, Senior Editor Europe |
Air cargo carriers are set for a bleak few months, with high inventory levels and economic issues in destination markets further dampening the traditionally slow summer season.
Air CargoTrans-PacificAsia-EuropeAir Cargo Forwarder News

Asian air cargo rates fall on rising capacity, cooling demand

Greg Knowler, Senior Editor Europe |
There are few signs of improvement in demand for air freight on major trade lanes out of Asia, while a steady increase in below-deck belly capacity is adding to the downward pressure on rate levels.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

High-flying trans-Atlantic air cargo volume posts March decline

Greg Knowler, Senior Editor Europe |
Steadily increasing volume on trans-Atlantic air freight routes ended in March as demand growth slowed for the first time in two years.
Air CargoTrans-AtlanticAir Cargo Forwarder News

CMA CGM air cargo deal with Air France-KLM takes off

Greg Knowler, Senior Editor Europe |
The 10-year partnership between Air France-KLM and CMA CGM will dramatically expand the available air cargo capacity and global network of the France-based fleet.
Air CargoContainer linesAir Cargo Carriers NewsAir Cargo Forwarder News

Forwarders raked in record revenues in 2022 despite H2 demand collapse

Eric Johnson, Senior Technology Editor |
Historic highs in global freight volumes and rates in the first half of last year helped insulate third-party logistics providers (3PLs) from a market collapse in the second half.
ForwardingContainer Shipping NewsTruck brokersAir Cargo Forwarder News

Forwarders grapple with new freight rate math on tech investments

Eric Johnson, Senior Technology Editor |
Forwarders that experimented with new software during the days of robust freight demand now face a dilemma over what technology produces actual returns on investment as volumes and margin shrink.
Logistics Technology NewsForwardingAir Cargo Forwarder News

German strikes over pay dispute cripple transportation network

Greg Knowler, Senior Editor Europe |
German unions demanding inflation-busting wage increases walked off the job Monday, bringing the country’s transport system to a halt.
SurfaceForwardingRail NewsInternational railAirport NewsAir Cargo Forwarder NewsTransport, Trade, and Regulation News

Air cargo market weakens as capacity floods into service on major trades

Greg Knowler, Senior Editor Europe |
In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Freightos’ 2022 financials reveal losses amid improving operating margins

Eric Johnson, Senior Technology Editor |
Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point.
Logistics Technology NewsContainer Shipping NewsContainer linesForwardingAir CargoAir Cargo Carriers NewsAir Cargo Forwarder News

China recovery, pent-up demand signals air cargo growth this year: trade groups

Greg Knowler, Senior Editor Europe |
The post-pandemic recovery of China’s economy following the lifting of restrictions late last year is sparking increasingly optimistic expectations for the air cargo market in 2023 despite a challenging start to the year.
Air CargoTrans-PacificAsia-EuropeAir Cargo Carriers NewsAir Cargo Forwarder News

DSV books record result for 2022, but warns that bull run for profits is over

Greg Knowler, Senior Editor Europe |
Denmark’s DSV collected record profits for 2022, but the forwarder says a return to a more “normal” market has begun.
ForwardingTrans-PacificTrans-AtlanticAsia-EuropeAir Cargo Forwarder News

Early Lunar New Year stalls Asian air cargo recovery

Greg Knowler, Senior Editor Europe |
The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year’s robust peak season.
Air CargoAir Cargo Carriers NewsAir Cargo Forwarder News

Freightos goes public on NASDAQ in first measure of logistics tech value

Eric Johnson, Senior Technology Editor |
Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade.
Logistics Technology NewsContainer Shipping NewsForwardingAir CargoAir Cargo Carriers NewsAir Cargo Forwarder NewsSupply chain

Forwarding tech providers push into US trucking market

Eric Johnson, Senior Technology Editor |
The need for forwarders to tether quoting and tracking in international freight modes to US surface modes has been highlighted by new offerings from ECU Worldwide and Freightos.
Trucking NewsForwardingTruckloadLTLIntermodal providersAir Cargo Forwarder NewsLogistics Technology News

Global air freight capacity oversupplied entering 2023

Greg Knowler, Senior Europe Editor |
Whereas a shortage of capacity in major trades was the chief issue for air cargo providers over the past two years, the greatest challenge in 2023 will be a lack of demand.
Air Cargo Carriers NewsAirport NewsAir Cargo Forwarder News

No seasonal uplift as air cargo market deteriorates further

Greg Knowler, Senior Europe Editor |
Dismal November air cargo data has all but assured a weak end to 2022 with no sign of a seasonal uplift in demand or rate levels from an oversupplied market.
Air Cargo Forwarder News

New K+N freighter flies into slowing air cargo market

Greg Knowler, Senior Europe Editor |
Forwarder Kuehne + Nagel is receiving new freighter capacity as global demand wanes and rate levels tumble through a non-existent peak season.
Air Cargo Forwarder News

Lithium batteries in US postal system raising red flags

Greg Knowler, Senior Europe Editor |
Soaring online orders for electronics and mobility devices are flooding the US postal services with undeclared lithium-ion batteries, posing a growing threat to the transport supply chain.
Air Cargo Forwarder News

Air cargo CEOs predict first-quarter recovery in volume

Greg Knowler, Senior Europe Editor |
The global air cargo industry is flying into bracing headwinds, but airline CEOs remain largely positive that demand will return early next year.
Air Cargo Forwarder NewsAirport News

Air cargo market braces for turbulent 2023

Greg Knowler, Senior Europe Editor |
There is no sign of an air cargo peak season this year and few signals that 2023 will see any improvement as global economic conditions worsen.
Air CargoAirport NewsAir Cargo Forwarder News

Air cargo carriers battle worsening supply-demand imbalance

Greg Knowler, Senior Europe Editor |
The world’s long-haul airlines are celebrating a steady return of passenger traffic, but as planes fill with travelers, weakening freight demand means carriers are struggling to fill the surplus cargo capacity below their feet.
Air Cargo Forwarder News