Business

Schneider looks to utilise more ocean shipping and SAF to reduce emissions

Schneider Electric is continuing its efforts to cut emissions through increased use of ocean transport and sustainable aviation fuel (SAF)…

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Air cargo volumes up 10% in January but rates weaken

Air cargo volumes rose 10% year on year in January, but this hasn’t resulted in higher rates due to the…

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DSV sees air revenues and volumes tumble in 2023

DSV’s airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high…

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UPS to cut 12,000 jobs as market downturn bites

UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of…

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IATA: Air cargo improves in December but declines for the full year

Air cargo demand surged in December last year but it was not enough to push overall figures for the year…

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UPS still struggles with revenues in Q4

UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and…

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Airfreight rates on the up as January draws to a close

Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports…

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Flexport set for another round of job cuts

Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year. Tech publication The…

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US carriers see cargo revenues slide in 2023

The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United…

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January air cargo volumes “significantly up” on last year

Worldwide air cargo demand in January remains “significantly up” on a year ago with improvements across nearly all the main…

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