Supply chains – Page 36
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News
Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days."Prices did not move much ...
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News
DHL reports airfreight demand low but capacity increasing
Air cargo demand remains low but capacity is increasing, according to DHL’s latest Airfreight State of the Industry report.According to the report, published this month, inflation and reduced purchasing power are among the reasons why demand is low.Although volumes “remain softened” they are stable following the peak drop seen in ...
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How air passenger traffic impacts cargo capacity
The airfreight industry experienced record high rates in the spring of 2020. Around 45% of airfreight is transported in the belly of passenger planes, but with passenger traffic down, about 75% of airfreight capacity was removed from the market.The world is returning to the skies, but the effects of the ...
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IATA World Cargo Symposium to focus on building resilience in air cargo
The IATA World Cargo Symposium (WCS) will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.Taking place in London from September 27-29, the WCS will address many topics related to resilience building, including digitalisation, sustainability, air cargo safety, attracting and retaining talent, e-commerce, air cargo market dynamics, digital ...
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NewsDHL Supply Chain expands pharma logistics near Frankfurt
Photo: DHL Supply ChainDHL Supply Chain has further expanded its Life Sciences & Healthcare (LSH) Campus in Florstadt near Frankfurt Airport.The new branch adds a third logistics centre to the multi-user campus specialising in pharmaceutical and medical products.The new 32,000 sq m centre is within walking distance of both the ...
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News
Port of Felixstowe strike could see air cargo demand rise further
Strike action at the UK's biggest container port could see demand for already stretched airfreight capacity increase further.Dockworkers belonging to union Unite will strike at the Port of Felixstowe from Sunday August 21 until Monday August 29 in a move that is likely to exacerbate existing oceanfreight supply chain congestion ...
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NewsSea-air and product demand on the up at Emirates SkyCargo
Emirates SkyCargo is expecting recent strong demand for sea-air services to continue, whilst volumes transported through its various product lines have also soared over the past could of years.Speaking to Air Cargo News, Emirates SkyCargo vice president cargo commercial development Dennis Lister says the pandemic had helped accelerate the use ...
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News
Shift back to ocean from air as rates lower and port problems ease
Over the last two years the air cargo industry has benefitted from a modal shift from ocean to air but leading forwarders have indicated that the trend started to reverse in the second quarter.CH Robinson and DHL Global Forwarding said that during the second quarter there was a shift back ...
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NewsSEKO Logistics acquires US 3PL and fulfilment services provider
One of Pixior's US facilities. Photo: PixiorSEKO Logistics has acquired California-based 3PL and fulfilment services provider Pixior.With seven locations along the west coast, and one location in Connecticut, Pixior provides e-commerce fulfilment and retail services, with an emphasis on serving high-end fashion brands.SEKO said the acquisition of Pixior brings key ...
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News
Technology key for air cargo to prosper
Technology and digitalisation development are key to making sure the air cargo industry prospers and keeps up with demand in the future, a new briefing paper has said.The Chartered Institute of Transport and Logistics UK Aviation Policy Group paper said that the sector has "perhaps not" kept pace with available ...
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News
UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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InsightsRFS services grow against challenging economic backdrop
Demand for Road feeder services (RFS) is increasing in a competitive air cargo landscape though there’s a long road ahead on which to tackle capacity and driver challenges.Wallenborn is still grappling with the impact of the pandemic, but its RFS business, which comprises 56% of its overall business, is steadily ...
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Insights
Supply Chain Spotlight: Flightpath to the future
The UK government recently published its ‘Flightpath to the Future’ document, which contained its 10-point plan for aviation – a strategy aimed at building an innovative and sustainable aviation sector.While it is encouraging that the plan recognises the vital role of airfreight as a tool for levelling up and international ...
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NewsAir cargo ground handling companies face fierce competition
James Wyatt, general manager of aeroconcept. Source: AeroclassCompetition between air cargo ground handlers has ramped up to an “aggressive” level since the start of the Ukraine-Russia war took capacity out of the market.James Wyatt, general manager of Leipzig, Germany-based aviation consulting business aeroconcept, said this loss of capacity has naturally ...
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News
Cathay Pacific Cargo predicts muted peak season
Cathay Pacific Cargo is expecting a muted peak season while it continues to add passenger flights and faces cross-border trucking issues.Updating on current market conditions, Cathay Pacific head of cargo sales for Hong Kong and the Greater Bay Area (GBA) Frank Yau said that demand out of Shanghai was expected ...
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NewsKerry Logistics expands with Hong Kong-Alabama charter flights
Kerry Freight Controlled Network provides four charter flights a week from Hong Kong to Huntsville, Alabama. Photo: Kerry Logistics NetworkKerry Logistics Network is ramping up its Kerry Freight Controlled Network (KCN) with four charter flights a week from Hong Kong to Huntsville, Alabama in the US.Weekly direct flights depart from ...
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News
Hong Kong faces more cross-border trucking restrictions
Supply chains operating through Hong Kong are once again facing restrictions on cross-border truck operations due to Covid-restrictions.Freight forwarder Dimerco said that increasing Covid cases around Shenzhen have led to the city reducing daily cross-border truck movements from 3,500 to 1,500.The restrictions began on July 25 and reduce truck capacity ...
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NewsK+N's former Russian business to be renamed Noytech Supply Chain Solutions
Perry Neumann. Source: Noytech Supply Chain SoultionsKuehne+Nagel's (K+N) former Russian business will be run under the name Noytech Supply Chain Solutions after being acquired as part of a management buyout.Air Cargo News sister title DVZ reports that former K+N employee Perry Neumann has purchased the business, which has 24 branches ...
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News
Rates predicted to stay high despite a muted air cargo peak season
Transportation rates are expected to stay above pre-pandemic levels for the foreseeable future despite the recent slowdown in demand.Seko Logistics chief growth officer Brian Bourke said that demand had slowed this year compared with 2021 and that the constant peak season experienced over the last two years has been replaced ...
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NewsFreighter fleet to grow by 80%, says Boeing
Boeing 777-8 freighter. Copyright: BoeingOver the next 20 years the global freighter fleet will grow by 80%, with conversions accounting for two third of deliveries, predicts Boeing.Carriers will need 2,800 additional freighters overall, said the airframer in its Commercial Market Outlook (CMO) for 2022-2041.“Over the next 20 years, the freighter ...