Industry News

AIR FREIGHT UPDATES   More misery for apparel houses as air freight rates ex-Bangladesh double theloadstar.com Air freight rates out of Bangladesh have doubled in recent months, spiked by a severe capacity crunch due to coronavirus-linked operational suspensions and growing demand. Shippers are now paying twice pre-pandemic...

OCEAN FREIGHT UPDATES Carriers cancel fewer services over Chinese New Year period seanews.com.tr FIGURES from liner database eeSea's Blank Sailings Tracker indicate that container carriers are expected to provide more deepsea capacity out of Asia over the Chinese New Year holiday, beginning February 12, than in any other year. Announced...

  AIR FREIGHT UPDATES  Industry confusion over plan for new TSA air cargo security regime theloadstar.com Preparations for a mandate to screen all cargo moved on freighter aircraft this summer got off to a rocky start in the US this week when the Transportation Security Agency (TSA) presented a plan to allow shippers...

OCEAN FREIGHT UPDATES  Inside California’s colossal container-ship traffic jam freightwaves.com In the movie “Falling Down,” the character played by Michael Douglas is stranded in a Los Angeles traffic jam. He abandons his car, starts walking with briefcase in hand and ultimately has a mental breakdown. Cargo shippers...

AIR FREIGHT UPDATES Cargo Airlines Go On Spending Spree As Passenger Planes Stay Grounded simpleflying.com 2020 may have been a bust for commercial passenger airlines, with 2021 not looking much brighter, but it’s a different ballgame for cargo airlines. There was a big demand for air cargo in 2020, and that’s staying strong....