Deployment of bigger container shipping vessels to the United States East Coast ports is yet to take place as carriers take their time to reshuffle their vessel schedules. Despite the removal of infrastructural obstacles that prevented bigger ships from entering East Coast ports, including the expansion of the Panama Canal and the most recent raising […]
Mexico chalked up its 16th consecutive quarter of economic growth in the April-to-June period as strong services output compensated for sluggish industrial production. Gross domestic product, a measure of output in goods and services, expanded 0.6% seasonally adjusted from the first quarter and was up 1.8% from a year before, the National Statistics Institute said […]
China is installing more robots than any other nation, and that may affect every other nation. Shipments jumped 27 percent to about 90,000 units last year, a single-country record and almost a third of the global total, and will nearly double to 160,000 in 2019, the International Federation of Robotics estimates. The blazing pace hasn’t […]
London Heathrow airport’s cargo traffic grew at an all-time high in July, largely driven by a surge in American Airlines trans-Atlantic shipments. Europe’s fourth-largest air freight hub handled 143,000 tonnes (157,300 tons), resulting in a 10 percent rise in traffic in the first seven months of the year to 966,580 tonnes and a 12-month increase […]
New speakers have been added to the Freighters World Conference line-up, while all entries for the gala awards ceremony are now in. This year’s Freighters World Conference and Awards event takes place in Chicago at the InterContinental Hotel from September 26-27, with a welcome reception the evening before the event starts.
Later this month, British all-cargo airline CargoLogicAir (CLA) will begin twice-weekly U.K.-to-Mexico service – the first scheduled cargo route the carrier has offered – linking Mexico City to markets in the United States, via Atlanta, and the carrier’s London-based hub.
Californian Port of Oakland is anticipating a five-year run of record cargo volume beginning in 2018. By 2022, the port expects to handle the equivalent of 2.6 million 20-foot containers annually. The number would represent 8 percent more volume than the port has ever processed in a single year.
The G20’s Global Infrastructure Hub and Oxford Economics have released a report that finds that the world will need nearly $100tr in infrastructure investment by 2040. This equates to nearly $4tr every year – about the same amount as the GDP of Germany.
A rise in the value of cross-border trucking freight between the U.S. and the other two North American Free Trade Agreement partner counties helped push total value of commodities higher for the seventh straight month in May, according to a new Transportation Department report.
Market momentum for airfreight is carrying into the summer of 2017, with rates across 21 major east-west trade lanes up by 1.1 percent, year-over-year, to reach US$2.81 per kilogram. The latest Drewry’s East-West Airfreight Price Index indicates that, as load factors increase, demand for airfreight is outstripping new capacity coming onto the market.
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