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Global <a>air cargo</a> traffic increased just 0.9 percent year-over-year in May, down from 2.6 percent in April, as declines in Asia-Pacific and North America were partly offset by robust growth in Europe, the International Air Transport Association reported. Yields remained under intense pressure as capacity increased by 4.9 percent from a year ago, trimming the international load factor by 1.7 points to a new low for May of 41.9 percent, the industry body said. “All told, 2016 is shaping up to be another disappointing year for air freight. We forecast freight tonne kilometres (including mail) to increase by 2.1 percent...

"The business environment is extremely difficult and there are few signs of any immediate relief.”

Air Cargo Carriers News

Global air cargo growth slows as industry is set for 'disappointing' 2016

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

US truckload rates unlikely to see major holiday bump amid tepid peak season

Carrier CEOs issue COP28-linked statement urging action on energy transition

MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal   

Swire Projects launches project cargo liner service to avoid Panama Canal delays

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Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia.  

As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season.

The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use.

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Air cargo carriers news and analysis from the Journal of Commerce covers updates of air cargo carriers, pricing, air craft carrier capacity, rates, routings and technology.

The Journal of Commerce’s air cargo news covers the movement of air cargo, including air cargo shipping, air cargo carriers, air freight forwarders, air freight, air shipments, cargo airports and cargo news. It also tracks air cargo trends, air freight news, shifting of cargo between air and ocean, airports and airfreight delays and congestion.

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THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

US truckload rates unlikely to see major holiday bump amid tepid peak season

Carrier CEOs issue COP28-linked statement urging action on energy transition