Air freight appears to have entered a period of sustainable growth with steadily increasing volume from the e-commerce and pharmaceuticals sectors over the past few years leading to a decoupling of air cargo demand from goods trade growth and muddying the research waters in the process. (This article requires a subscription to the Journal of […]
Hong Kong-based blockchain solution provider 300cubits has completed the first trial shipment in its smart contract deployed on the Ethereum blockchain, the company said.
IATA Economics has forecast industry-wide freight tonne kilometres (FTKs) to grow by 4.9% on average over each of the next five years (2018-2022), helped by a stronger economic and trade backdrop than was the case during the previous five-year period.
When assessing the current and future state of United States-bound retailer container shipments, there is a short-term outlook and a long-term outlook, based on the findings and takeaways of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates
Air cargo demand and revenues improved in January, but it is too early to tell whether this foreshadows another strong year for air cargo. The latest figures from WorldACD show that worldwide cargo volumes increased by 8.5% year on year in January, compared with growth predictions for the year of around 4.5%.
The consensus among those in the reefer shipping sector is that a shortage of reefer containers continues to negatively impact the sector. A closer look at the problem, however, reveals some underlying causes as well as ways to mitigate the situation. (This article requires a subscription to the Journal of Commerce. To subscribe, please click […]
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off. The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. This increase reflects demand […]
US-based carrier Southwest Airlines intends to begin shipping cargo to international destinations from this May, subject to receiving the necessary government approvals. Southwest Airlines Cargo expects to initially serve Mexico City, Cancun, Cabo San Lucas/Los Cabos and Puerto Vallarta – all of which are in Mexico – before expanding its shipping connections to more international […]
Asian airlines started the year strongly with many of the region’s major carriers reporting stronger growth than they achieved last year. However, it should be noted that growth figures in the first part of the year can be affected by the timing of the Chinese New Year and it is perhaps better to wait until […]
More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal.
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