Air Cargo

Air Cargo

Demand for air freight through much of 2017 and into the first quarter of 2018 was boosted by stronger economies and trade, with e-commerce growth and a broader inventory restocking cycle keeping space tight and freight rates sky high. Air cargo is now heading into the slower summer months but capacity is expected to tighten into the fourth quarter. Double-digit growth in late 2017 means the year-over-year comparisons may not be as severe, but shippers have been advised to book their space early.

News & Analysis

15 Nov 2019
Maersk continues to improve its profitability, helped by falling bunker prices and a greater focus on capacity management.
14 Nov 2019
"There's a growing appetite to re-evaluate the buying-selling relationship," in freight contracting, says Xeneta CEO Patr
14 Nov 2019
Abu Dhabi Ports officials will initiate talks with Indian counterparts to draw up a roadmap for establishing integration links between their respective digital logistics portals.
14 Nov 2019
Danny Wan has been named executive director of the Port of Oakland, replacing Chris Lytle, who retired in July after six years in the top spot.
14 Nov 2019
Carolyn Glynn, director, imports, Sealink International provides a recap of the JOC LogTech19 Conference panel on automation of freight procurement, the question of contracts that don't hold carriers to their allocation commitment, and how this movement will change the very meaning of procurement.
14 Nov 2019
West Coast employers are somewhat hopeful the ILWU will view the unprecedented $93 million judgment in Portland as a wakeup call to improve labor relations and stop the bleed of cargo to ports on other coasts.
14 Nov 2019
Virginia Governor Ralph Northam unveiled an international trade plan to boost exports by 50 percent in the next 15 years, a key initiative since laden exports fell between January and August for the second consecutive year.
14 Nov 2019
German carrier Hapag-Lloyd saw its volume fall slightly through the peak season, but managed to get rates to move up despite the weak shipping environment.
14 Nov 2019
The increasing cargo and vessel size at the Port of New York and New Jersey will present a major test to the port’s new leadership as the port seeks to consolidate its dominance on the East Coast container market while improving fluidity.
13 Nov 2019
A New Jersey law that reshapes the way the state assesses whether a worker is an independent contractor or an employee has triggered opposition from truckers who say it will damage the Port of New York and New Jersey’s drayage fleet.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
13 Nov 2019
YRC Worldwide is keeping its well-known brands separate, but blending its regional and national terminal networks, as well as sales and management.
13 Nov 2019
Yang Ming has managed to cut its losses in the first nine months of the year, but is still some way off delivering a profitable result.
13 Nov 2019
A worsening political situation and escalating protests have forced the cancelation of an important airline gathering in Hong Kong.
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
12 Nov 2019
If AB5 becomes law on Jan. 1, the ability of more than 70,000 truckers in California to provide services as independent owner-operators will be severely compromised, the head of the California Trucking Association warned Tuesday.
12 Nov 2019
The ongoing upgrade of the sole container terminal at the Port of Boston will get a $20 million boost from the US Department of Transportation to help pay for a yard expansion and a new connecting road.
12 Nov 2019
The latest Toepfer Multipurpose Index shows the project and breakbulk sector holding its breath as the effects of IMO 2020 begin to play out.
12 Nov 2019
The Port of Los Angeles anticipates a very soft fourth quarter due to US tariffs on Chinese imports, which a new report said threatens 1.5 million US jobs and more than $186 billion in economic activity.
12 Nov 2019
Two German companies join forces to work in Japan’s developing wind energy sector as the country scales back its dependence on coal and nuclear power in the wake of the 2011 tsunami and Fukushima nuclear power plant disaster.
12 Nov 2019
Evergreen saw its profits slashed in the third quarter, barely managing to stay in the black despite an improvement in revenue.
12 Nov 2019
India’s JNPT, responding to feedback from exporters, has set up a scheduled intermodal rail service to connect export cargo from a key inland container depot in the state of Punjab.
12 Nov 2019
Through a partnership with the software provider BlueX Trade, the Taiwan-based container carrier will allow shippers and non-vessel-operating common carriers (NVOCCs) to book space digitally “within minutes,” the companies said Tuesday.
11 Nov 2019
While the imposition of tariffs on Chinese imports into the US has prompted some shippers to shift production to South Asia instead, the logistical and transportation shortcomings of the region are likely to limit growth in cargo headed for the United States.
11 Nov 2019
In the heart of what is supposed to be peak season, rail container traffic is not only much slower than a year ago, but also behind 2017 levels as well — and truck seems sluggish, too.
11 Nov 2019
The Indian government shows it is taking a long-term view in implementing regulatory reforms for supply chain logistics by agreeing to modify one controversial proposal.
11 Nov 2019
The man leading the decarbonization charge at Maersk abruptly leaves the company, days before the world’s largest carrier will release its third-quarter earnings.
11 Nov 2019
A shortage of truck drivers in Japan that is causing severe delays in cargo movements will become even more of a problem as next summer’s Olympics in Tokyo approach, stakeholders warn.
11 Nov 2019
Shippers in Bangladesh fear a cut in profit margins following a cyclone that temporarily closed Chittagong port, creating a queue of vessels that will take at least a week to clear.
08 Nov 2019
The International Longshore and Warehouse Union wants a retrial of a case that resulted in a $93 million jury award against the union for damages suffered by container operator ICTSI Oregon Inc., from a union slowdown in the Port of Oregon.
08 Nov 2019
A shift to time-based truckload rates will come, eventually, as electronic logging and detention disputes reshape supply chains, a TIA report finds.
08 Nov 2019
A single insolvency among smaller independent freight payment vendors can lead shippers to retreat to bank-backed service providers.
08 Nov 2019
The spot rate on Asia-North Europe has risen for three consecutive weeks, with expectations that demand could begin to improve later in November as cargo moves ahead of an early Chinese New Year.
08 Nov 2019
Inland container depot movement by train has steadily gained traction over the past three months at India’s JNPT in the wake of a more collaborative rail arrangement sealed between the port and terminal stakeholders.
08 Nov 2019
The shortage of slots for all-cargo flights cost Amsterdam Schiphol airport heavily in the first nine months of the year.
07 Nov 2019
Experts are warning that IMO 2020 could have a costly impact on shippers if they’re not careful about handling new — and potentially confusing — invoice lines related to low-sulfur fuel surcharges they’ll soon have to pay.