“Shippers shouldn’t let down their guards, just yet” – a phrase that could be true of any mode right now, but in this instance it refers to air freight. Bruce Chan, analyst for Stifel, warned shippers rates would remain inflated in air cargo, owing to “significant backlogs … in the entire freight...
Container spot rates from Asia to Europe and Asia to the US eased back further this week from their record highs. Nevertheless they are expected to stay at very elevated levels for some time. According to today’s reading of the Freightos Baltic Index (FBX), the rate for a 40ft from Asia to North...
SEEKING ALPHA reports: – WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as headlines out of the OPEC+ meeting hit. – Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl after OPEC and its partners decided to roll over its current production cuts for another month. The full post is here (sub/reg may be required). Now you may...
Lufthansa’s air cargo business reported record operating profits last year and has also announced plans to add another Boeing 777... Read More The post Lufthansa Cargo announces record profits and another B777F appeared first on Air Cargo News. ...
Cargo software firms Hermes Logistics Technologies and Nallian are combining elements of their solutions covering slot booking and acceptance and... Read More The post Hermes and Nallian team up on slot booking appeared first on Air Cargo News. ...
UK chancellor Rishi Sunak caught industry offguard today, revealing eight winning bids for UK freeport status as he announced the Budget. East Midlands Airport, Felixstowe, Humber, Liverpool, Plymouth, Solent, Teesside and Thames were all awarded freeport status, amid expectations that the first one will be online by the end of the year. Mr...
Air cargo volumes returned to pre-Covid levels in January with demand even increasing compared with 2019 levels for the month.... Read More The post IATA: Air cargo demand beats 2019 levels in January appeared first on Air Cargo News. ...
PRESS RELEASE Vincent Clerc discusses supply chain disruption at the JOC TPM annual industry event Digitization, integrated solutions, decarbonization will define the future of supply chains Copenhagen, Denmark – 2 March 2021 – Vincent Clerc, A.P. Moller-Maersk’s CEO of Ocean & Logistics spoke at the JOC Transpacific Maritime Conference – North America’s largest (virtual)...
BLOOMBERG reports: Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms. About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far this year, the strongest first quarter ever, according to data compiled by Bloomberg. Warburg...
LATAM Airlines will expand its freighter capacity by as much as 80% through the addition of up to eight B767-300ER... Read More The post LATAM set to expand freighter capacity with B767 conversions appeared first on Air Cargo News. ...
