With no material improvement in heavily constrained air cargo capacity expected anytime soon, forwarders have been aggressively expanding their access to space.
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Long-term contract rates signed by shippers on key shipping corridors out of China continued to increase through February, driven by strong demand and high spot rates.
The head of CMA CGM said given the historically low rates prior to the pandemic, container shipping had to increase overall price levels going forward, but dismal service levels also have to improve.
Europe’s third-largest port could not convert a solid rebound in second half volume into full-year growth in container throughput.
CMA CGM Air Cargo’s two Airbus freighters will take to the skies in March, adding capacity to a severely constrained trans-Atlantic market.
A Danish project to produce carbon-neutral ammonia fuel at scale has been backed by market leaders in the shipping and agriculture sectors.
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...
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.
The pandemic-disrupted 2020 was a year of two halves for Europe’s hub ports such as Rotterdam, where demand fell sharply in the first six months before rebounding strongly over the rest of the year.
Soaring rate levels and deteriorating service from carriers has aroused regulator interest, but in a thoroughly disrupted market, Hapag-Lloyd sees this as a positive development.
The need to handle rising LCL and air freight volume within its network is behind the acquisition by Rhenus of a rival’s forwarding business in Germany.
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Mar 25, 2021 11:00AM EDT