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.
21 Jun 2022
The air freight industry is seeing a welcome increase in the urgently needed long-haul belly cargo capacity available to the market as international travel starts picking up.
16 Jun 2022
CMA CGM Air Cargo will use its parent company’s extensive ocean forwarder network to drive new business as the airline readies for a rapid global expansion under its Air France-KLM partnership.
08 Jun 2022
China’s rolling COVID-19 lockdowns and significant disruption linked to Russia’s invasion of Ukraine have left the global air freight market to face a difficult second half of the year.
02 Jun 2022
Air cargo capacity is flooding back into the trans-Atlantic market via below deck belly space as travel increases and airlines ramp up their summer schedules.
01 Jun 2022
Logistics software provider Freightos is being taken public on the Nasdaq, a move that will be closely scrutinized by the founders and investors of growth-stage technology providers in the logistics industry.
31 May 2022
A drop in air freight volumes on the Hong Kong-Europe trade lane is being caused by a lack of available capacity rather than constraints in demand, something an expanded carrier partnership hopes to address.
27 May 2022
Freightos is targeting the payment space for air forwarders by tying an integrated payment tool between forwarders and cargo airlines to its WebCargo booking and rating software.
27 May 2022
If the offer by MSC and Lufthansa for ITA is successful, it will provide the ocean carrier with access to significant air freight capacity.
18 May 2022
In just 18 months, CMA CGM has gone from providing air cargo as part of its CEVA Logistics suite of services to becoming a major player in the global air freight market.
10 May 2022
Forward Air is acquiring a Seattle-based drayage company as part of its strategy to direct more transloaded international container freight to its expedited LTL network.
09 May 2022
Shippers converting ocean consignments into air freight to avoid port bottlenecks along the US East Coast are filling all available air cargo capacity on the trans-Atlantic trade lane.
05 May 2022
Winding down operations in Russia, Belarus, and Ukraine has come with a hefty price tag, but transport providers are mostly playing down the impact.
20 Apr 2022
New research from Freightos finds ocean carriers improved their electronic tools over the past three years and want to move rate and booking activity through their own online channels.
11 Apr 2022
Shippers of time-sensitive goods on the North Europe-North America trade are increasingly being forced into the air as rising congestion on the US East Coast extends vessel delays.
31 Mar 2022
Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.
21 Mar 2022
Aircon, a technology provider aiming to bring a software-based co-loader approach to the air freight industry, has been backed by early-stage investors to drive planned aggregation of air cargo.
15 Mar 2022
The ever-widening effects of Russia’s war on Ukraine and China’s COVID-19 lockdowns are placing mounting pressure on an already stressed air cargo sector.
23 Feb 2022
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
22 Feb 2022
Growing demand for e-commerce is behind forwarder moves to lock in controlled air freight capacity on Asia-US routes, with a particular focus on Vietnam.
17 Feb 2022
Sustained demand on the trans-Pacific and limited capacity is pushing forwarders such as Kuehne + Nagel to lock in long-term air cargo charter commitments.
15 Feb 2022
Strong demand and constrained air freight capacity on the Asia-US trade lane has prompted Flexport to secure a strategic agreement to increase access to space on the trans-Pacific.
27 Jan 2022
A strategic takeover by Xeneta will give shippers active in the volatile air freight market access to dynamic load factors, capacity, and rate information.
25 Jan 2022
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.
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.
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