Global average airfreight rates increased in March against a year ago as aircraft cargo utilisation has improved. The latest figures from Drewry’s Sea and Air Shipper Insight report show that average ‘all-in’ airfreight rates across 21 major east-west trade lanes increased by 7.9% year on year in March to reach $2.84 per kg. Prices were […]
With no end in sight to the burgeoning growth of global e-commerce, the worldwide growth in narrowbody freighters is anticipated to reach 1,178 aircraft by 2036, up from just 656 narrowbody freighters at the end of 2016, according to the 20-year “Freighter Forecast for 2017 – 2036,” released today at the sixth-annual Cargo Facts Asia […]
In a time dominated by smart technology and automation being applied across the board, from industrial production to our homes and smart phones, we are witnessing an advancement of this technology in the marine sector as well aimed at making even ships autonomous.
The roll-on, roll-off shipping business is riding a wave, with rising cargo volumes delivering increasing profits despite the fragile economic situation in its core European market. The industry took “a big step forward” in 2016, building on the previous 12 months of stabilization and recovery, according to Pris-based ship broker and consulting firm Barry Rogliano […]
The 2016 value of international freight at Miami International Airport (MIA) rose eight percent to US$57.3 billion, according to U.S. Department of Commerce data. MIA accredited the rise to pharmaceutical freight, which rose 48 percent, year over year, to $4.4 billion.
Airports enjoyed another bumper month in February for cargo, fueled by international demand. The latest cargo figures from industry body Airports Council International (ACI) show that volumes “surged” by 7.8% year on year in February. International demand improved ahead of domestic, with the former growing by 9.6% on the same month last year and the […]
Californian Port of Los Angeles has seen its volumes increase by 10 percent in the first quarter of 2017 as it handled a total of 2.23 million TEUs in the three-month period, compared to 2 million TEU seen in the same quarter a year earlier.
Shippers and freight forwarders were increasingly dissatisfied with container lines through 2016, according to a survey by Drewry Shipping Consultants and the European Shippers’ Council. Savvy carriers that invest to raise standards have an opportunity to “truly stand out” in an increasingly commoditized market and take business away from lazier rivals, London-based Drewry said. (This […]
March was a bumper month for US carriers as the big three all registered a surge in air cargo demand. United, American and Delta all saw cargo demand increase during March compared with a year ago, with Delta registering its first year on year improvement since February 2015. IATA has reported that the strength of […]
UPS is heading into the “danger zone,” saying it is ready to handle a wider range of higher-risk goods. The express giant is now allowing an additional 400 “dangerous” commodities onto its global air network, as well as increasing the size of allowable shipment. The company is also adding more than 300 products across its […]
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