The less-than-truckload industry is positioned to ride through a rocky soft patch in the economy and even a short recession with higher pricing, carrier executives at the SMC3 Connections conference said.
News and analysis of air cargo shipping and transportation companies.
03 Mar 2021
Apex Logistics International plans to continue to expand scheduled charters in 2021 after seeing a 200 percent increase in charter demand in 2020.
26 Feb 2021
With no material improvement in heavily constrained air cargo capacity expected anytime soon, forwarders have been aggressively expanding their access to space
23 Feb 2021
CMA CGM Air Cargo’s two Airbus freighters will take to the skies in March, adding capacity to a severely constrained trans-Atlantic market.
23 Feb 2021
The seasonal drop in demand is likely behind a steep fall in air freight rates out of China, but limited capacity will keep prices above pre-pandemic levels traditionally seen in the first half of the year.
22 Feb 2021
Kuehne + Nagel has made its biggest ever takeover deal in an agreement to acquire Chinese forwarder Apex and capitalize on explosive growth in the Asia Pacific e-commerce market.
16 Feb 2021
Backlogs in Chinese factory orders and sustained demand from the US and Europe is keeping air cargo capacity full and rates up during a period that is typically the slack season.
12 Feb 2021
CMA CGM has taken a giant step deeper into the air freight market, launching an air cargo division to provide global coverage out of Europe.
10 Feb 2021
Instant freight quoting is becoming a divided market, with one end focused on large shippers and the other on small and medium-sized businesses, according to Freightos’ annual State of Online Freight Sales survey.
03 Feb 2021
Shippers of air cargo will face capacity constraints for the rest of 2021, and global forwarders are having to grow their controlled networks to cater to the steady demand.
12 Jan 2021
All Kuehne + Nagel cargo on the air freight trade lane between Amsterdam and Los Angeles will be carried by aircraft flying on sustainable aviation fuel.
06 Jan 2021
The distribution of COVID-19 vaccines in the US is being slowed not by transportation issues, but by “last-mile” inefficiencies in many states, especially a lack of personnel, funding, and necessary planning.
06 Jan 2021
Trans-Pacific air cargo rates maintained their upward track into the New Year, and even though prices fell slightly on the other east-west trades, global volume growth has continued.
05 Jan 2021
CEO Tom Schmitt says better pricing and targeted expansions beyond its air freight footprint will help Forward Air provide the shareholder value sought by activist investors.
04 Jan 2021
Logistics managers that saw their organization's supply chains disrupted and transportation budgets blown out of the water in 2020 will be at the epicenter of make-or-break decisions in the coming year.
30 Dec 2020
An $89.5 million stock purchase at Forward Air aimed at increasing shareholder value should be a “wake-up call” for other less-than-truckload providers that likewise may not be as profitable as activist investors think they should be.
29 Dec 2020
Airlines are beginning to extend the validity of rates offered on some major trades after cutting price and space guarantees to one week or even less when passenger fleets were first grounded at the end of the first quarter of 2020.
21 Dec 2020
AIT Worldwide Logistics expands its e-commerce capabilities and geographical footprint through the acquisition of Fiege Freight Forwarding.
18 Dec 2020
There’s debate about how much of a knock-on effect COVID-19 vaccine distribution could have on other types of cargoes, but US shippers are cautioned to plan for some disruption.
16 Dec 2020
The widespread distribution of coronavirus vaccines early next year will compete for limited transport capacity amid peak air cargo season, with the shipments channeled through the same hub airports.
15 Dec 2020
COVID-19 and the wave of imports reaching the US will keep pressure on transportation capacity and pricing, from ports to the last mile, shippers warned Tuesday.
10 Dec 2020
Average spot rates were already rising ahead of the holiday season as new products from Apple, Samsung, and Sony competed for space with general air cargo and personal protective equipment.
09 Nov 2020
Small package optimization and analytics firm ShipMatrix is launching a third-party, non-asset package management service to tap US Postal Service capacity for e-commerce shippers.
04 Nov 2020
Forwarders are having to rebuild their air cargo logistics infrastructure to compensate for significant cuts in capacity as much of the passenger aircraft fleet will remain grounded through 2021.
30 Oct 2020
US shippers are opening contract talks early, extending existing agreements, and seeking short-term contracts to hedge against expected 2021 rate increases.
16 Oct 2020
Limited air cargo capacity is colliding with strengthening demand, as technology product launches compete for space with general cargo and medical equipment.
12 Oct 2020
This year’s peak season promises to be tumultuous, but 2021 could be just as difficult for shippers as 2020.
06 Oct 2020
The purchase of Value Logistics gives Forward a bigger intermodal presence in the South-Central distribution hub as freight volumes of all types rise, said CEO Tom Schmitt.
29 Sep 2020
Reliability will be more important than price for air cargo shippers during what is expected to be a strong peak season made more intense by severe long-haul capacity constraints.
28 Sep 2020
The scale of peak season demand for air cargo on the trades out of Asia is becoming clearer, and has forwarders scrambling to lock in capacity.
23 Sep 2020
Getting the COVID-19 vaccine out to the furthest reaches of the world is going to require an immense effort from the air cargo supply chain, says IATA’s outgoing head of cargo Glyn Hughes, but it will be under his successor’s watch.
16 Sep 2020
The acquisition of CLW Delivery gives expedited trucking operator Forward Air custom final-mile delivery services and new territory, as its LTL and final-mile businesses converge.
11 Sep 2020
UPS and Amazon are expanding capabilities at smaller airports in Kansas City and Tampa, respectively, to speed up last-mile deliveries.
08 Sep 2020
Intense preparations are underway among logistics and air transport providers to ensure a coronavirus vaccine can be distributed around the world as soon as it is available.
07 Sep 2020
Air cargo volume continues to narrow the gap with year over year levels, with rates rising at the end of August as both freight tonnage and capacity increased.
31 Aug 2020
As e-commerce booms on both sides of the US-Canadian border, Purolator International expands northbound next-day air service between the countries.