Maersk Line has followed its 2M Alliance partner Mediterranean Shipping Company in introducing an emergency bunker surcharge from June 1 on all corridors as rising fuel prices ramp up unit costs and erode profitability. The Danish carrier will impose a $60 per TEU and $120 per FEU bunker surcharge on all cargo globally, effective June […]
The price of improving rail access to U.S. ports is steep, but the price of not improving access may be even costlier. A recent survey by the American Association of Port Authorities (AAPA) found members identified a need in excess of $20 billion during the next decade for multimodal port and rail access, but cited […]
The air cargo industry could save billions of dollars in costs if it automated transactions between various players in the supply chain, according to one speaker at the Air Cargo China event. During a panel discussion on the future of air cargo, Lufthansa Cargo chief commercial officer Alexis von Hoenbroech said he believed around 70% […]
The international shipping community can heave a sigh of relief as the United States and China bury the hatchet and pledge to stop the trade war.
Demand in the North America-East Coast South America container trade is expected to see gradual improvement during 2018, shipping consultancy Drewry said.
Lower ocean rates to send cargo from Asia through Mexico’s Pacific Coast ports compared with US West Coast ports, an increase in the number of shipping services, and the growing cost and difficulty of securing trucking services in the United States are spurring Mexican importers to route more cargo directly. (This article requires a subscription […]
Air cargo carriers continued to see airfreight rates improve in April compared with a year earlier. According to the latest figures from data provider Tac Index, carriers offering cargo capacity on services from Hong Kong to North America saw prices increase by 14.8% year on year in April to $3.65 per kg.
A potential trade war between the world’s top trading partners could lead to a drop in container shipping industry’s volumes on the essential leg of a transpacific voyage from China into the US, according to BIMCO.
Imports at the major retail container ports in the US are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, the National Retail Federation said.
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown. The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, while capacity increased by […]
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