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.
News and analysis of air cargo shipping and transportation companies.
News & Analysis
17 Jan 2022
The air cargo digitalization momentum that built up through the last two years of the pandemic has accelerated, with a third of global air freight capacity now available through Freightos’ online booking platform.
13 Jan 2022
Initially considered a temporary measure, some forwarders believe the shift from relying on fixed-price block space agreements with airlines to full charter operations has become permanent.
03 Jan 2022
The COVID-19 pandemic continues to hang over the air cargo business, and until regular international travel resumes, shippers will find space in tight supply and rates at elevated levels.
30 Dec 2021
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
29 Dec 2021
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.
15 Dec 2021
The growth in air freight on the trans-Pacific to move auto parts, footwear, and apparel has been significant this year as US shippers try to circumvent the ocean congestion that is delaying imports from Asia.
10 Dec 2021
An electronic connection between CargoWise and Singapore Airlines is another sign that digital management of bookings and shipment modifications is gaining momentum in the air cargo market.
10 Dec 2021
A structural change in the way airlines serve the international travel market in the future could see smaller planes deployed with reduced belly cargo capacity.
01 Dec 2021
The bottlenecks that have frustrated ocean shippers all year have spread to air cargo, pushing up rates to stratospheric levels and delaying shipments.
25 Nov 2021
A strong third quarter for US airlines is expected to spill over into the last three months as demand continues to fill all available space.
19 Nov 2021
CMA CGM is making a significant investment in its air cargo division, placing its second direct order for new freighter aircraft.
09 Nov 2021
No let-up in US demand, and no easing at congested trans-Pacific ocean gateways, is keeping pressure on the capacity challenged air cargo market and pushing rates to levels never seen before.
02 Nov 2021
Maersk’s acquisition of Senator and its securing of new and leased aircraft allows the carrier to add controlled air freight capacity for customers, in line with its expanded integrated logistics strategy.
25 Oct 2021
The lifting of a trans-Atlantic travel ban on non-US citizens from Nov. 8 comes at a time of peak demand, but is unlikely to address severe space constraints on the busy trade lane.
22 Oct 2021
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
13 Oct 2021
IATA has moved to standardize the handling procedures of lithium batteries as rising global demand raises concerns over misdeclarations or incorrectly handled shipments.
13 Oct 2021
The cost of missing online shopping or Christmas deadlines is mounting for air cargo shippers forced out of the congested ocean markets.
06 Oct 2021
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.
29 Sep 2021
The two widebody freighters ordered by CMA CGM Air Cargo will expand its direct access to air freight space, most likely in the tightly constrained trade lanes out of Asia.
21 Sep 2021
Worsening port and inland logistics bottlenecks are driving shippers from ocean into the air, increasing rates and kickstarting an early air freight peak season.
03 Sep 2021
Digitalization of the industry is more than just an IT project, and needs greater corporate buy-in from executives in corner offices on the top floor all the way down to workers on the ground, according to Webcargo.
31 Aug 2021
Air freight spot rates out of Shanghai shot up this week to the highest they've been this year as the capacity-slashing COVID-19 disruption across China’s major airports hit prices.
31 Aug 2021
Instead of chartering air freight capacity, Geodis has leased its own branded freighter that will be integrated into the forwarder’s global schedule.
24 Aug 2021
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.
20 Aug 2021
Air freight rates on the trans-Pacific, although at elevated levels, have been reasonably stable through the summer months, but measures to curb the spread of COVID-19 in China are now pushing rates skyward.
19 Aug 2021
Shippers eager to move computer components, semiconductor chips, and auto production parts are eating up super-heavy air capacity even as demand for traditional OOG cargo improves.
13 Aug 2021
Measures by China to curb the spread of COVID-19 are leading to growing disruptions to air cargo at the country’s important export gateways.
10 Aug 2021
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.
28 Jul 2021
Demand for air freight was flying high in the first half, supported by major economies rebounding from COVID-19 recessions and supply chain disruptions that show no signs of easing.
12 Jul 2021
Air cargo’s competitiveness over ocean has been boosted by the heavily disrupted container shipping market that has held ocean rates at extremely elevated levels for months.
29 Jun 2021
Air freight is increasingly being called in to replenish urgent retail stocks as sustained consumer demand in the US and Europe cleans out inventories.
16 Jun 2021
South China port delays are expected to last for months, pushing shippers into the air in greater numbers for an early peak season where they will be met by tight space and soaring rate levels.
10 Jun 2021
Lifting the travel ban between Europe and the US was a topic high on the agenda during Thursday’s meeting between the US president and UK prime minister, but spreading COVID-19 infections in Europe mean there is little chance of a rapid resumption of flights.
26 May 2021
The US air cargo import supply chain has been unable to handle a huge increase in demand this year, prompting forwarders to seek out alternative entry points to avoid the bottlenecks.
18 May 2021
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.
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