Supply chains – Page 20
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News
time:matters becomes Lufthansa Cargo premium partner
German logistics company time:matters has been appointed a premium partner of its parent company Lufthansa Cargo.The partner programme involves regular monitoring of business development and the potential for joint growth. Additionally, various joint innovative initiatives are developed within the programme that aim to create added value for customers.One example of ...
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News
Air cargo demand still growing after LNY but rate of improvement slows
There had been much speculation in air cargo about whether the strong demand growth reported over the first two months of the year would continue past the Lunar New Year holiday but it appears the buoyant market conditions are so far continuing, although at a slightly lower level.Figures released last ...
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NewsFedEx expands Shenzhen airport facility
Photo: FedExFedEx Express has upgraded its Shenzhen Baoan International Airport gateway facility in Shenzhen, China by renovating and expanding the import warehouse to improve import operations and provide customs clearance efficiency for customers in the Southern China region.The import warehouse at the Shenzhen facility is now equipped with an advanced ...
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NewsPolitics fails to deflect move to globalisation, says DHL report
Source: DHLThere is no sign of geopolitics affecting the march of globalisation, says DHL in the latest edition of its Global Connectedness Report.In a preview of the document, due to be published on Friday 15 March, the logistics company said that in 2023 globalisation remained at close to the record ...
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NewsAir cargo demand drivers
Source: Air Cargo NewsThe rapid rise of e-commerce, disruption in ocean shipping and supply chain diversification are some of the main drivers of air cargo demand in the current market.Speaking at the IATA World Cargo Symposium, Xeneta chief airfreight officer Niall van de Wouw identified three factors that drive air ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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InsightsWhat's driving Asia-Europe trade?
E-commerce is proving key for Asia-Europe trade, even as the Red Sea - Suez Canal shipping crisis throws up near-term opportunities.Trade flows have been sent into chaos amidst the outbreak of global conflict. Attacks against international shipping in the Red Sea is just the latest conflagration to have forced a ...
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Insights
Airfreight's role in the Red Sea shipping crisis takes shape
Supply chains continue to be under threat due to the Red Sea shipping crisis, and airfreight is busy establishing its role in the situation.Since October 19 last year, missile attacks on ships in the Red Sea by Houthi rebels have caused fractures in the international supply chain.But with approximately 15% ...
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NewsFedEx Express opens regional headquarters
L to R: Png Cheong Boon, chairman, Economic Development Board (EDB), Richard Smith, president and chief executive, Airline and International, FedEx, Vivian Balakrishnan, Singapore’s Minister for Foreign Affairs, Raj Subramaniam, president and chief executive, FedEx, Jonathan Kaplan, U.S. Ambassador to Singapore, Kawal Preet, president, Asia Pacific, Middle East, and ...
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NewsTIACA survey reveals growing pressure on sustainability in air cargo
TIACA's latest sustainability survey has revealed a growing focus on sustainability in air cargo but also a gap between the smaller and larger organisations in terms of investment.The survey of more than 280 air cargo professionals - produced in partnership with consultancy Change Horizon - showed that 67% of respondents ...
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News
AfA calls on Biden to improve US airport cargo infrastructure
The US Airforwarders Association (AfA) has written to US president Joe Biden to ask for funding to be allocated for the improvement of cargo facilities at the country's airports.In his letter, AfA executive director Brandon Fried said it was disappointing that the recent announcement of $970m in grants for airport ...
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News
Airfreight rates slide in line with Lunar New Year holiday demand decline
Airfreight rates began their Lunar New Year holiday decline last week after rising in the first six weeks of the year.The latest figures from TAC Index show that last week overall airfreight rates slipped by 8.2% compared with the week before and are down 21.2% from a year ago."Despite ongoing ...
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News
India's air cargo industry sets ambitious growth targets
India has set an ambitious target of reaching 10m tons of air cargo handled per year by 2030, attendees at the Air Cargo India event in Mumbai were told.“This is India’s time for growth,” said Sanjiv Edward, chief executive – cargo and logistics at the GMR Group which operates Delhi, ...
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NewsAmazon closes US airfreight facility
Photo: AmazonAmazon Air is closing its airfreight facility at Kelly Field Airport, San Antonio, Texas, in a move that is set to affect ground handler employees at Worldwide Flight Services.E-commerce giant Amazon did not state why it is closing the facility at the joint-use airport, however, it told Air Cargo ...
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NewsAir cargo market shows signs of cooling after busy start to 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year caused by the Red Sea crisis and pre-Lunar New Year (LNY) rush.Figures from analyst WorldACD show that in week six, tonnages out of China declined by 2% compared with the ...
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News
SGL: Lunar New Year break set to cool "red hot" air cargo market
Scan Global Logistics has described the current airfreight market as "red hot", but it expects the situation to cool now the Lunar New Year holiday in Asia is underway.The forwarder reports that over the last few weeks, there has been a rush in demand ahead of the 14-day Lunar New ...
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NewsE-commerce bolsters Geodis capacity
Geodis is scoping out growth, while keeping hold of its freighter capacity as it benefits from strong e-commerce demand.Geodis will continue with its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered airline Titan Airways, is currently operating between ...
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NewsGebrüder Weiss continues North American expansion with Cargo-Link deal
Scott Ogden (L), Cargo-Link and Mark McCullough, Gebrüder Weiss. Source: Gebrüder WeissGebrüder Weiss has acquired freight forwarder Cargo-Link as part of efforts to expand its presence in North America.Family-owned Cargo-Link is based in Salt Lake City, Utah, and offers air, sea and domestic forwarding services, as well as customs brokerage.As ...
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News
Awery reports Red Sea-related rates rise
There are conflicting opinions about the extent to which the Red Sea shipping crisis is impacting airfreight, but airfreight rates have risen, according to Awery Aviation Software.Tristan Koch, chief commercial officer at Awery told Air Cargo News that the software company’s CargoBooking platform “has shown average rate increases of 10-50% ...
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News
DSV: Red Sea crisis having a limited impact on airfreight
Customers are "buffering up" to combat the impact of the Red Sea crisis and have yet to resort to a major shift to air, according to DSV.Speaking following the announcement of its full-year results, the forwarder's new chief executive Jens Lund explained the steps customers are taking to mitigate the ...