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air cargo forwarder news
Air Cargo Forwarder News
Journal of Commerce offers extensive air freight forwarder news and analysis of air cargo forwarding, including topics such as strategies, capacity, services.
The latest
Air Cargo Forwarder News
& Analysis
Air freight rates tumble as demand weakens, capacity rises
Greg Knowler, Senior Editor Europe |
Spot rates on some air cargo routes out of Asia have fallen below long-term contract levels, mirroring the development in ocean shipping.
Air Cargo Forwarder News
Seasonality returns to air freight markets after two years of turbulence
Greg Knowler, Senior Editor Europe |
Average air cargo rates on east-west trade lanes have declined significantly since April as demand slows in line with the traditional slack summer season.
Air Cargo Forwarder News
Trans-Atlantic belly cargo capacity to dry up after summer: forwarders
Greg Knowler, Senior Editor Europe |
Peak season has begun for air travel between Europe and North America, but forwarders making use of belly cargo capacity on passenger planes do not expect the below-deck boon to last.
Air Cargo Forwarder News
Demand indicators show air cargo heading into turbulence
Greg Knowler, Senior Editor Europe |
An ongoing shortage of capacity on the main trade lanes out of Asia and growing signs of declining demand are clouding the air cargo outlook for the remainder of the year.
Air Cargo Forwarder News
Belly cargo capacity makes slow return to global air freight
Greg Knowler, Senior Editor Europe |
The air freight industry is seeing a welcome increase in the urgently needed long-haul belly cargo capacity available to the market as international travel starts picking up.
Air Cargo Forwarder News
CMA CGM airline to leverage ocean forwarder network in expansion drive
Greg Knowler, Senior Editor Europe |
CMA CGM Air Cargo will use its parent company’s extensive ocean forwarder network to drive new business as the airline readies for a rapid global expansion under its Air France-KLM partnership.
Air Cargo Forwarder News
Trans-Atlantic air cargo market edges closer to recovery
Greg Knowler, Senior Editor Europe |
Air cargo capacity is flooding back into the trans-Atlantic market via below deck belly space as travel increases and airlines ramp up their summer schedules.
Air Cargo Forwarder News
Air Cargo Carriers News
Congestion on US East Coast keeps air cargo ‘red hot’: DSV
Greg Knowler, Senior Editor Europe |
Shippers converting ocean consignments into air freight to avoid port bottlenecks along the US East Coast are filling all available air cargo capacity on the trans-Atlantic trade lane.
Air Cargo Forwarder News
Russia exit proves complex, costly for some transport providers
Greg Knowler, Senior Editor Europe |
Winding down operations in Russia, Belarus, and Ukraine has come with a hefty price tag, but transport providers are mostly playing down the impact.
Air Cargo Forwarder News
Shanghai airport effectively closed as freight backlog builds amid COVID lockdown
Greg Knowler, Senior Editor Europe |
Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.
Air Cargo Forwarder News
Air Cargo Carriers News
Air cargo rates take off on Russia sanctions, China lockdowns
Greg Knowler, Senior Editor Europe |
The ever-widening effects of Russia’s war on Ukraine and China’s COVID-19 lockdowns are placing mounting pressure on an already stressed air cargo sector.
Air Cargo Carriers News
Air Cargo Forwarder News
Chartered air cargo capacity floods into trans-Pacific trade
Greg Knowler, Senior Editor Europe |
Growing demand for e-commerce is behind forwarder moves to lock in controlled air freight capacity on Asia-US routes, with a particular focus on Vietnam.
Air Cargo Forwarder News
Air Cargo Carriers News
Forwarders add Asia air, rail services as Omicron spreads
Greg Knowler, Senior Editor Europe |
The creativity of service providers is being tested as COVID-19 infections continue to spread around Asia and disrupt regional supply lines.
Air Cargo Forwarder News
International rail
Cross-border platform channels pandemic-led growth into venture investment
Eric Johnson, Senior Technology Editor |
San Francisco-based Passport said it will use $39 million in new funding to expand its outbound parcel platform for US e-commerce sellers looking to manage logistics and trade compliance on international orders.
Logistics Technology News
Air Cargo Forwarder News
Hong Kong imposes mandatory quarantine on air cargo pilots
Keith Wallis, Special Correspondent |
Toughening Hong Kong’s quarantine requirement for air cargo pilots would severely disrupt airfreight operations during peak air cargo season and ahead of China’s Lunar New Year holiday.
Air Cargo Carriers News
Air Cargo Forwarder News
Congested US airports push trans-Pacific air cargo rate to record high
Greg Knowler, Senior Editor Europe |
The bottlenecks that have frustrated ocean shippers all year have spread to air cargo, pushing up rates to stratospheric levels and delaying shipments.
Air Cargo Carriers News
Air Cargo Forwarder News
Air cargo capacity fills up ahead of Asia-Europe peak season
Greg Knowler, Senior Editor Europe |
Global air cargo volumes in August and September were up just 1 percent compared to the same months in 2019, but the shortage of capacity has shippers fighting to secure capacity ahead of holiday season.
Air Cargo Carriers News
Air Cargo Forwarder News
Shanghai air cargo in holding pattern as backlog builds
Greg Knowler, Senior Editor Europe |
There is little clarity in Shanghai airport’s evolving COVID-19 lockdown situation, with forwarders in China asked not to deliver export cargo to the terminals and airlines suspending inbound shipments.
Air Cargo Carriers News
Air Cargo Forwarder News
North-American rail
Cross-border services startup scoops up parcel consolidator
Eric Johnson, Senior Technology Editor; and Cathy Morrow Roberson, JOC Analyst |
The acquisition of parcel consolidator Access Worldwide by startup cross-border shipping platform Passport is likely targeted at cost-conscious shippers needing to fulfill small package orders.
Logistics Technology News
Air Cargo Forwarder News
Asia-US peak air cargo surcharges rise on soaring B2B demand
Cathy Morrow Roberson, JOC Analyst |
Air cargo peak surcharges are increasing on the Asia-US trade as business-to-business (B2B) parcel shippers opt for quicker delivery times to replenish inventories.
Air Cargo Forwarder News
Forwarder AIT makes second European acquisition in two months
Cathy Morrow Roberson, Senior Contributor |
AIT Worldwide Logistics expands its e-commerce capabilities and geographical footprint through the acquisition of Fiege Freight Forwarding.
Air Cargo Forwarder News
UPS, Amazon expand domestic air services to deliver e-commerce goods faster
Cathy Morrow Roberson, Senior Contributor |
UPS and Amazon are expanding capabilities at smaller airports in Kansas City and Tampa, respectively, to speed up last-mile deliveries.
Air Cargo Forwarder News
Purolator expands US-Canada next-day service
William B. Cassidy, Senior Editor |
As e-commerce booms on both sides of the US-Canadian border, Purolator International expands northbound next-day air service between the countries.
Air Cargo Forwarder News
International air cargo volumes show monthly gains
Cathy Morrow Roberson, Senior Contributor |
The three largest express providers reported improving signs in the sector in their most recent earnings reports, as COVID-hit volumes recovered gradually as the second quarter progressed.
Air Cargo Forwarder News
Forward Air expands Ohio LTL hub amid volume rebound
William B. Cassidy, Senior Editor |
As freight volumes rise, expedited LTL operator Forward Air is expanding capacity by 30 percent at the heart of its airport-to-airport network in Columbus, Ohio.
Air Cargo Forwarder News
LTL
Forward Air expands into over-the-road LTL
William B. Cassidy, Senior Editor |
By launching a door-to-door, less-than-truckload business in Savannah, Forward Air is adding more freight and building density in its airport-to-airport network.
LTL
Air Cargo Forwarder News
Uneven air cargo demand congesting major US hubs
Chris Barnett, Special Correspondent |
Freighters and converted passenger craft are taking longer to unload than belly freight and some ground handlers are understaffed after furloughs and layoffs in the early days of the COVID-19 pandemic.
Air Cargo Forwarder News
3PL Transplace jumps into parcel market
William B. Cassidy, Senior Editor |
The acquisition of ScanData gives Transplace broader supply chain reach as the COVID-19 pandemic accelerates e-commerce demand.
Truck brokers
Air Cargo Forwarder News
Higher margins elude Asia air freight forwarders
Special Correspondent Keith Wallis |
Traditionally low air freight margins are being further depressed by fierce competition among forwarders to secure limited capacity, with travel bans grounding most of the passenger fleet on east-west trades.
Air Cargo Forwarder News
Global recession will weigh on air cargo recovery: IATA
Greg Knowler, Senior Editor Europe |
Even when air cargo demand for urgent medical supplies drops off, there is no certainty that recession-hit consumers will resume spending, and if they do, capacity will still be tight as passenger fleets remain grounded.
Air Cargo Forwarder News
FedEx leans into e-commerce, optimizing last mile
William B. Cassidy, Senior Editor |
FedEx expands use of its US ground unit to deliver more air express packages, as e-commerce volumes swell and Amazon ups the competitive ante.
Logistics Technology News
Trucking News
Air Cargo Forwarder News
China air cargo capacity cuts pinch US crab exports
Chris Barnett, Special Correspondent |
The travails of crab shippers underscore the larger impact COVID-19 is having on North American exporters that face higher outbound air cargo rates because of the removal of belly cargo capacity on passenger jets due to cancellations tied to the disease.
Air Cargo Forwarder News
US ban sparks search for alternatives to trans-Atlantic air cargo
Greg Knowler, Senior Editor Europe |
The sudden US travel ban imposed on 12 European countries will hurt an air freight industry still battling to overcome the loss of belly cargo capacity from the suspension of passenger flights to China.
Air Cargo Forwarder News
‘Broken’ maps add to logistics costs: survey
William B. Cassidy, Senior Editor |
A survey of delivery drivers projects that missed deliveries and time wasted due to outdated and incorrect maps and navigation aids results in $2.5 billion in added costs.
Logistics Technology News
Trucking News
Air Cargo Forwarder News
Airlines losing safety net as forwarders slash contract volumes
Greg Knowler, Senior Editor Europe |
Long-term contracted volume is crucial for airlines setting budgets and forecasts, but in the face of weak demand and a bleak 2020 outlook, forwarders are reluctant to commit.
Air Cargo Forwarder News
Hong Kong protests force Asia airlines to scrap industry event
Greg Knowler, Senior Editor Europe |
A worsening political situation and escalating protests have forced the cancelation of an important airline gathering in Hong Kong.
Air Cargo Forwarder News
Schiphol edges closer to solution for freighter slot shortage
Greg Knowler, Senior Editor Europe |
The shortage of slots for all-cargo flights cost Amsterdam Schiphol airport heavily in the first nine months of the year.
Air Cargo Forwarder News
Manitoulin Global Forwarding buys Demark Global Logistics
William B. Cassidy, Senior Editor |
Canadian forwarder Manitoulin adds to its US holdings, expanding its global logistics network.
Air Cargo Forwarder News
Trucking News
Hong Kong shippers alarmed over rising logistics costs
Keith Wallis, Special Correspondent |
Shippers worry “unreasonable” air freight fees, tighter cargo screening regulations, and the region’s dependence on transshipment could cause Hong Kong to cede more cargo to air and sea ports in southern China.
Air Cargo Forwarder News
Maritime
UPS targets low-cost, e-commerce shippers with deferred delivery
Eric Johnson, Senior Technology Editor |
UPS is targeting cross-border e-commerce sellers with a deferred-delivery shipping product that would cost less than tighter delivery windows, a sign of integrators wanting to tap into forecast growth in international online sales.
Air Cargo Forwarder News
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