Industry News

Air Freight Industry- Growth, Trends, and Forecast (2020 - 2025) GlobeNewswire [...]

Global Sea Freight Forwarding Market 2020 Industry Analysis, Opportunities & Forecast To 2026 Virtual-Strategy Magazine [...]

[caption caption="Cathay Pacific loads cargo into a passenger plane deployed to supplement freighter capacity. But falling rates and higher operating costs of the passenger-freighters is causing airlines to review the deployment of the aircraft in cargo-only roles. Photo credit: Shutterstock.com."][/caption]Forwarders and analysts believe air cargo prices will remain at historically... [...]

[caption caption="Cathay Pacific planes parked at Hong Kong International Airport. The carrier will operate just 3.5 percent of its 152-aircraft capacity in June, and 9.4 percent in July. Photo credit: Shutterstock.com."][/caption]Air cargo rates have plunged off the record highs reached in May with demand for urgent medical supplies softening as... [...]

[caption caption="Wait times at major US hub airports have increased from four to five hours prior to the COVID-19 pandemic to between six and seven hours on average, according to air freight forwarders and truckers. Photo credit: Shutterstock.com."][/caption]Intense demand for face masks, personal protective equipment (PPE), and other medical supplies... [...]

[caption caption="The high cost of charter flights is further reducing profit margins on the east-west air trade. Photo credit: Shutterstock.com."][/caption]Soaring air freight rates out of Asia as demand for vital medical supplies from western markets battling the global COVID-19 outbreak outstrips capacity are not translating into higher margins for forwarders.Traditionally... [...]

[caption caption="Freightos said its benchmark shipper index is underpinned by 50 to 70 million pricing points per month. Photo credit: Shutterstock.com."][/caption]Online freight rate marketplace and logistics software provider Freightos said Tuesday a rate index it developed with the Baltic Exchange over the last 20 months will now be published daily... [...]

Drewry's Head of Research Products Martin Dixon on fleet and rate projections for breakbulk and project cargo, uncertainty around tariffs, oil prices, and the shipping cost implications for cargo owners of the IMO 2020 low-sulfur fuel regulation.2019 JOC Container Trade Europe Conference, Hamburg, Germany... [...]