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

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.
24 Oct 2019
US wind energy developers are scrambling to complete projects before a federal production tax credit is completely phased out at the end of 2022.
24 Oct 2019
There are no indications that the turbulence in global air freight markets will end anytime soon amid a continued downturn in trade and an uncertain economic environment.
24 Oct 2019
New warehouse and distribution space in Q3 2019 exceeded demand for the first time in nine years, and the excess supply will slow the pace of growth in rents and absorption of new space into 2020, according to Cushman & Wakefield.
24 Oct 2019
Sam Ruda, ports director for the Port Authority of New York and New Jersey, says he's made restoring a healthy dialogue between PANYNJ and the International Longshoremen’s Association (ILA) a top priority since being named to the post in April.
24 Oct 2019
Forty-seven of the top 50 global transportation providers saw revenues rise in 2018, benefitting from a strong global economic growth and growing anticipation of reciprocal tariffs between the United States and China.
23 Oct 2019
Mexican auto production, domestic vehicle sales, and imports of autos through the country’s ports have all fallen this year, and IHS Markit predicts sales and production will be flat next year, likely limiting growth in auto-related supply chains.
23 Oct 2019
Shippers and 3PLs would like to find ways to reduce the volatility in freight markets by communicating about costs, service, and safety.
23 Oct 2019
The prospects of a trade deal between China and the United States, which would remove the 25 percent tariffs on agricultural goods, are still murky. But some so-called goodwill purchases by the Chinese in bulk shipments following the freezing of an escalation of US tariffs earlier this month has raised hopes for a deal.
23 Oct 2019
Seattle-based startup Logixboard has garnered $4.2 million in funding, joining a growing list of software providers aiming to enable forwarders to compete.
23 Oct 2019
Revisions for 2020 reflect an Incoterms committee that was less “Eurocentric” and more trade-oriented than in the past, according to Frank Reynolds, president of consulting firm International Projects Inc. and a member of the International Chamber of Commerce’s Incoterms revision committee.
23 Oct 2019
Consolidation among carriers in the multipurpose/heavy-lift (MPV/HL) sector has reduced the number of ship operators, but not the overall number of ships available.
22 Oct 2019
Technology will drive a revolution, not an evolution, in the trucking market in the next decade, solving some capacity issues by utilizing a driver’s time much better.
22 Oct 2019
Maher Terminals in the Port of New York and New Jersey has cut the time taken to scan an import container for radioactivity, improving the fluidity of cargo heading out of the port by rail.
22 Oct 2019
With scrapping levels still relatively low, overcapacity is expected to continue to keep downward pressure on multipurpose/heavy-lift (MPV/HL) vessel rates.
22 Oct 2019
Impressive diversification of export markets in Europe, Southeast Asia, and South America has shielded US resin shippers from the worst effects of the trade war with China.
22 Oct 2019
Global ocean freight volume continues to grow this year, albeit slowly, despite economic slowdowns and gloomy trading conditions.
22 Oct 2019
India’s port development efforts include reinvigorating dozens of minor coastal harbors in order to enhance their freight handling capability.
22 Oct 2019
After a lengthy hiatus, the Export-Import Bank of the United States (EXIM) recently approved a $5 billion loan to finance US exports for the development of a liquefied natural gas (LNG) project in northern Mozambique.
21 Oct 2019
The International Maritime Organization’s low-sulfur fuel mandate will cause all-in container freight costs to rise next year, but there is a bigger bill coming in the form of decarbonization.
21 Oct 2019
Recently imposed tariffs, a persistent oversupply of vessels, and evolving shipper requirements are redrawing traditional trade lanes for multipurpose and heavy-lift (MPV/HL) carriers.
21 Oct 2019
The South Carolina Ports Authority outlined a vision of expanding capacity at the Wando Welch Terminal and a new Hugh K. Leatherman Terminal to handle the next generation of containerships.
21 Oct 2019
In his JOC LogTech keynote presentation, Abir Thakurta, supply chain vice president for retailer Havertys, addressed the tech burnout many in the supply chain industry feel with new technologies.
21 Oct 2019
A survey of small businesses shows truckers still looking for growth ahead, despite a tough market in 2019.
21 Oct 2019
Marseilles-based CMA CGM has expanded its trade finance solutions, offering products to both importers and exporters that make use of improving supply chain visibility.
21 Oct 2019
Slowing economies at both ends of the Asia-Europe trade have had little effect on the container volume being handled by the ports of Rotterdam and Antwerp.
21 Oct 2019
The recent wobbles of WeWork connect to the forwarder Flexport, which shares the same primary investor, but also might be constrained to grow in the way a pure software provider does.
18 Oct 2019
Dockworkers involved in contract negotiations at the Port of Montreal received support this week from an international union that attended a hearing on whether the ports are so important to public health and safety that they can’t be subject to a strike or a lockout.
18 Oct 2019
The amount of time container ships spend at port continued to rise in the first half of 2019, despite relative gains in terminal efficiency, according to an analysis of JOC.com port productivity data.
18 Oct 2019
Downward rate pressure caused by overcapacity and the wide range of fuel surcharge levels carriers are presenting to cargo owners suggests that fuel cost will become a competitive battleground in the aftermath of IMO 2020.
18 Oct 2019
The Port Authority of New York and New Jersey says its hands-on approach in helping APM Terminals resolve issues that led to congestion and high dwell times late last year after a surge in cargo is part of a continuing strategy to improve the port’s competitive edge.
18 Oct 2019
A slight increase in eastbound trans-Pacific spot rates reflects final shipments that left China before Golden Week, but dozens of blank sailings already announced for October-November indicate carriers expect imports to be weak going forward.
18 Oct 2019
The spot market on Asia-Europe remained basically flat this week as carrier rate increases and capacity adjustments arrested a downward slide.
18 Oct 2019
Faced with massive truck congestion daily, officials at Bangladesh’s main port are studying the feasibility of building an automated overhead conveyor system to move containers more efficiently.
17 Oct 2019
PMSA President John McLaurin says the high costs and environmental rules at California ports have chased freight away, but acknowledges other factors such as the four-corner strategy of national retailers and costly intermodal rail rates have contributed to eroding market share.
17 Oct 2019
CSX Transportation and Union Pacific Railroad reported weak intermodal volume for the third quarter, but insisted their networks are lean, efficient, and ready to fully capitalize when the market rebounds.