Cargo demand grew 2.7 percent for the month compared with the same 2017 period, down from the 5.2 percent year-over-year growth rate seen in April and 4.2 percent uptick in May, but still up a full point from March’s 1.7 percent pace, according to the latest data from the International Air Transport Association. The March […]
Drewry says freight rates for cargo moving in refrigerated containers have risen since the beginning of 2017. The London consultant says in contrast to its global freight index for “dry”containers, which has fallen 14 percent between the first quarter of 2017 and the second quarter of this year, its global reefer container freight rate index […]
July shipments, at 1,096,835, topped June’s 1,025,643 and were up 6% annually for a new monthly record, according to Panjiva, topping August 2017’s 1,069,292. All months in 2018 have seen growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. […]
The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. (This article requires registration at the Journal of Commerce. To access, please click on the above link)
The U.S. Environmental Protection Agency has launched a study of the potential economic impact forthcoming regulations that require shipping vessels to burn cleaner fuel might have on other transportation sectors, including trucking.
The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand.
US importers are facing a perilous peak season in the trans-Pacific this year, with many likely to be forced to pay significantly higher rates to get goods onto ships that in many cases are nearly sold out. Ocean carriers in certain cases are holding the line on weekly minimum quantity commitments (MQC) as they have […]
After a weak start to the year, demand for global airfreight has been trending steadily upward, note analysts for The International Air Transport Association (IATA). Shippers should realize, however, that the rapid expansion witnessed in 2017 may be coming to an end, with demand still growing, but at a slower pace through the last half […]
FedEx extended its position as the world’s busiest freight-parcel carrier in 2017 (see table at end of article), while Emirates maintained its lead in terms of pure cargo despite Qatar Airways rapidly closing the gap on its Middle East rival. As expected, the latest figures from IATA’s World Air Transport Statistics report shows that the […]
U.S.-based low-cost carrier Southwest Airlines has launched its Houston-Mexico City route – marking the debut of the carrier’s international shipping program – with the intention to add Cancun, Puerto Vallarta and Cabo San Lucas to its network later this summer.
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