Aviation regulators in the USA have imposed a record fine of US$1.1 million after lithium ion batteries burst into flames and destroyed a FedEx truck – shortly after being carried on an aircraft – it is claimed. The alleged fire-blazing violation of hazardous air cargo rules came despite prior warnings issued to the shipper by […]
The Port of Los Angeles is on track to become the first North American seaport to ever handle more than 9 million TEUs in a calendar year, according to port projections.
The market is reporting incredibly high air cargo rates as demand overtakes available supply out of Europe, leading to chronic space constraints on aircraft and causing congestion and delays at air cargo hubs struggling to handle the record volume. Shippers trying to shift products to market before the holidays are being further frustrated by waves […]
Rising prices and a critical shortfall of air cargo space could threaten vehicle production, according to emergency logistics specialist, Evolution Time Critical (ETC). Problems in booking airfreight, particularly hit Europe to North American routes, along with issues on the Asia to North America and Europe trade lanes, all point to “a fractious period” for the […]
There was “healthy growth” in international air cargo, said the Association of Asia Pacific Airlines (AAPA) in its preliminary traffic figures for October. Reflecting the sustained upturn in global trade for consumer and intermediate goods, Asia Pacific airlines saw international air cargo demand, in freight tonne kilometres (FTK), increase by 5.8% in October above the […]
Air cargo operators and logistics services providers are heading into the Black Friday weekend shopping frenzy at the end of a year, which has filled all available air cargo capacity, more than doubled freight rates, and given a healthy boost to the plane charter business. All expectations are that today’s Black Friday, Cyber Monday at […]
The Georgia Ports Authority welcomed the arrival of four massive ship-to-shore cranes at the Port of Savannah’s Garden City Terminal on November 22, 2017. The four cranes passed River Street in Savannah on their way to Garden City Terminal, sailing under the Talmadge Bridge. The new cranes, which bring the Port of Savannah’s fleet to […]
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity. Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an order for nine massive vessels in September, after a year of tepid sales for new ships. Within days, Gianluigi Aponte’s Mediterranean Shipping […]
The rise of e-commerce is rapidly changing the logistics industry, but is continuing to provide challenges that must be overcome. In the first session of the Air & Sea Cargo Americas conference on 1 November titled ‘Trade trends in the Americas’, SeaLand chief executive officer (CEO), Craig Mygatt; Estafeta international business manager, Diana Najera; UPS […]
Snowballing cross-border e-commerce and high levels of emergency shipments are driving up demand for air cargo, but some shippers’ intensifying need for speed to market is being threatened by limited capacity on planes in peak periods and at airport hubs. The industry’s busiest time of the year begins now, and shippers are scrambling for space […]
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