America’s pilot shortage is a slow-burning crisis that has the potential to disrupt the national economy and undercut growing sectors like e-commerce. The U.S. Federal Aviation Administration estimated that the U.S. airline industry contributes more than US$1.3 trillion to the national economy, or 5.2 percent of the country’s GDP.
Port of Long Beach Sees Strongest 1st Quarter Since 2007
The US Port of Long Beach has recorded its best first quarter since 2007, mainly driven by a 20.2 percent increase in March import container volumes, the port said.
AA Cargo connects Philadelphia and San Juan with widebody flights
American Airlines Cargo has started daily widebody flights between San Juan Luis Munoz Marin Airport and Philadelphia International Airport, connecting the two important pharma hubs. The daily Airbus A330-200 is an addition to the two narrowbody flights in operation, connecting Puerto Rico, a global hotspot for pharmaceutical manufacturing with 12 of the world’s top 20 […]
2017 Air Cargo Roundtable: Positive Outlook Driven by New Demand
Buttressed by the widespread availability of competitive rates and continued expansion in network connections, global air cargo markets showed renewed strength in the second half of the 2016 after a weak start.
U.S. Ports Forge Alliances to Keep Their Spots on Trade Map
U.S. seaports are joining forces, setting aside decades of regional competition over cargo as a wave of consolidation in the shipping industry threatens to cut some cities out of global trade routes. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
Shipper body fears an ongoing boxship capacity crisis
The European Shippers’ Council (ESC) has revealed it will set up a temporary observer group composed of representatives of European exporters to monitor the ongoing ocean capacity shortage on services from Europe to Asia.
U.S. trade deficit falls from two-year high on weak imports
The U.S. trade deficit fell from a near two year high in February as slowing domestic demand weighed on imports and stronger global growth boosted exports of American goods. The politically sensitive trade gap with China narrowed sharply by 26.6 percent from January to $23 billion ahead of a summit between President Donald Trump and […]
Incoterms: Playing by the Rules
When doing business globally, who pays the freight, you or your vendor? Who assumes the risk if cargo is damaged? Enter Incoterms, a set of international rules that interprets the most commonly used trade terms.
Shippers take to the skies to beat Europe-Asia space constraints
Shippers are shifting their cargo to the air as the Europe-Asia ocean capacity shortage drives up freight rates on the traditional backhaul sea route. IAG Cargo has reported a 23 percent increase in air freight volumes on key routes from Europe into Asia Pacific over the first two months of the year compared with the […]
MSI: Is the Boxship Industry Really Recovering?
Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in the markets, the industry could be heading to healthier rates with earnings following the course, according to Maritime Strategies International (MSI).