Air cargo volumes at the world’s 20 busiest airports grew 6.8% in 2017, with Hong Kong again the number one freight hub at more than 5m tonnes, a 9.4% year-on-year increase. Airports Council International (ACI) reported that the top 20 cargo hubs handled a combined 51m tonnes last year, representing 43% of global airfreight volumes, […]
The Top 5 container lines serving the United States slightly increased their combined share of imports in 2017, but dominance of their exports receded. The 1 percentage point decline to 55.2 percent in export share among the Top 5 export carriers in 2017 – Maersk Group (Maersk Line, Hamburg Süd, and SeaLand), Mediterranean Shipping Co., […]
Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher than a decade earlier, according to an analysis by the Institute of International Finance. At the same time, the ratio of debt-to-gross domestic product fell for the fifth consecutive quarter as the world’s economic growth accelerated. […]
Boeing Co. is considering whether to convert used 777 passenger jets into freighters, seeking to capitalize as booming e-commerce sales spur new demand for air freight worldwide, people familiar with the matter said.
Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts.
In one of the first signs that suggest the Chinese New Year has had little effect on air cargo demand this year, the Association of Asia Pacific Airlines (AAPA) said 2017’s airfreight growth has carried well into the new year, reporting a 7.3 percent increase in air cargo volume in February among its Asia-Pacific member […]
The trade war between China and the United States is brewing with China announcing plans to impose duties on U.S. goods worth USD3 billion.
It was a busy conference for dangerous goods (DG) last week at IATA’s World Cargo Symposium. In an effort to encourage electronic management DG handling and improve safety, IATA introduced both its Dangerous Goods AutoCheck (DG AutoCheck) platform and its e-Dangerous Goods Declaration (e-DGD) standards.
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.
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