Industry News

AIR FREIGHT UPDATES Efficient cargo handling now key for forwarders when choosing airlines theloadstar.co.uk Forwarders will stop using airlines with poor cargo handling contracts and have blamed carriers for failing to invest sufficiently, adding to congestion problems and delayed import cargo. Read more here. London Heathrow...

AIR FREIGHT UPDATES Ten years after, airfreight still feels the effects of the global financial crisis aircargonews.net A decade after the collapse of Lehman Brothers and the global financial crisis (GFC) that followed, airfreight volumes are still feeling the effect. IATA says that the 22% peak-to-trough decline in freight tonne kilometres...

OCEAN FREIGHT UPDATES Box shipping alliances ‘restricting competition and inflating pricing’ lloydsloadinglist.com Container shipping under the current alliance system is restricting competition, falsely inflating pricing and failing to improve service standards for customers, according to Sean van Dort, the outspoken new chairman...

OCEAN FREIGHT UPDATES Trains canceled, airports reduce operations as East Coast braces for Hurricane Florence washingtonpost.com Hur­ri­cane Florence is rap­id­ly ap­proach­ing the East Coast — and is already disrupting air and rail travel. As of Tuesday afternoon, airports in the storm's path were announcing reduced operations,...

AIR FREIGHT UPDATES Air freight peak season takes off, with the transpacific off to a strong start theloadstar.co.uk Peak season has hit the transpacific air freight sector, with forwarders reporting increased rates and tight capacity. “The US market is booming, air freight rates have increased and space is tight,” said one Asian...