Extensive capacity cuts on the Asia–Europe and Asia–Med trades are holding up container spot rates, and some carriers are even announcing rate increases in May and June.
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The search for transportation’s fuel of the future is regaining the momentum built up in 2019, with high-profile initiatives launched in May to accelerate research into alternatives to fossil fuels.
It was a solid first quarter for Zim, as the carrier managed to improve its profitability despite the growing impact of the coronavirus through the reporting period.
As countries across Europe and North America begin to emerge from lockdowns that in some cases have been in place since early March, attention in the air cargo industry is shifting to the recovery...
Carriers appear to be in a better position to shrug off the demand declines of the second quarter and capitalize on recovering volume through the rest of the year.
A small number of sailings have been reinstated on the trans-Pacific and Asia-Med trades as economies take their first small steps toward reopening and carriers try to get the supply-demand balance...
Virtually all of DHL Global Forwarding’s ocean volume, and a third of its air freight, is now being handled through its new transport management platform.
The number of passenger planes flying in all-cargo roles has risen past 1,200 as carriers try to utilize their grounded fleets and generate revenue amid coronavirus-driven travel bans.
The spot market rates are well above year-over-year levels, despite an evaporation of demand that has hit carriers hardest this second quarter.
Stay-at-home orders and travel bans removed virtually all passenger traffic from cross-channel ferries, eliminating a crucial revenue source and threatening the transport of essential goods between...
Loss-making carriers HMM and Yang Ming are bracing for a difficult second quarter with steadily weakening demand keeping earnings under pressure.
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