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 […]
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.
Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy needs, BP BP +0.68% PLC said Tuesday. The world’s appetite for oil and other liquid fuels could continue to grow until around 2035, hitting 110.3 […]
President Donald Trump’s pledge to fix America’s ailing roads, bridges and airports may get an unlikely boost from retirement savers some 10,000 miles away in Australia. In face-to-face talks at the White House this week, Prime Minister Malcolm Turnbull will propose using a chunk of Australia’s A$2.53 trillion ($1.99 trillion) pension savings pool to help […]
Canadians are borrowing against their houses at the fastest pace in more than five years, as home equity lines of credit (HELOCs) emerge as a preferred means of accessing funds.
Big oil tankers sailing from the U.S. are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region.
The solid start to the year for China’s economy remains intact amid distortions accompanying the long spring festival holiday, the earliest indicators for February show. Smaller enterprises have a more upbeat outlook, financial experts are increasingly optimistic and sentiment in the steel industry is recovering. Still, the week-long Lunar New Year holiday that ended Feb. […]
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