DSV has launched three new air cargo charter routes, which connect five continents, to meet increased demand for air freight... Read More The post DSV ups airfreight capacity across network with new charter services appeared first on Air Cargo News. ...
Asia-North Europe container spot rates eased back slightly this week, as carriers ‘hoovered up’ stockpiled cargo accumulated before Chinese New Year. However, rates from Asia to the US increased again. Today’s reading of the Freightos Baltic Index (FBX) for a 40ft from Asia to North Europe was $8,308, compared with $8,430 a week...
Ocean freight is set to play a bigger role in south-east Asia’s booming cross-border e-commerce market. According to regional e-commerce logistics specialist J&T Express, the Covid-crisis has accelerated online spending across the region, with the market on track to reach $153bn in sales by 2025. This was the prediction before the pandemic hit...
IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s overall €7.4bn full-year loss. Passenger revenue dived 75%, from €22.4bn to €5.5bn, while it burned through €4.1bn in cash last year. Its cargo division, as with other airlines, was the star of the show, as yields rose 94.6%,...
Network Airline Services (NAS) has renewed its GSA contract with RwandAir in Germany and France, extending the partnership between the... Read More The post Network Airline Services renews GSA contract with RwandAir appeared first on Air Cargo News. ...
CEVA Logistics has relocated its Thailand head office to Bangkok, as it continues to expand in Asia. The announcement follows... Read More The post CEVA relocates Thailand head office to Bangkok appeared first on Air Cargo News. ...
SEEKING ALPHA writes: – Long-term rates are rising sharply again, with the 10-year Treasury yield approaching 1.5% for the first time in more than a year. – The 10-year yield is up 8 basis points to 1.47%, having hit an earlier high of more than 1.49%. (…) – The spread between the 10-year and 2-year… has doubled...
Cargo software firm Kale Logistics Solutions has launched a new truck slot management system through its Airport Cargo Community System... Read More The post Kale launches new truck slot management system for handlers appeared first on Air Cargo News. ...
Shipping lines have begun suspending cargo bookings into Myanmar. A nationwide general strike took place yesterday, with hundreds of thousands on the streets protesting against the military power-grab on 1 February. “The situation is becoming more and more tense,” according to Hapag-Lloyd. “Operationally, the terminals in Myanmar are close to full capacity, and feeder services,...
DHL Express has entered into a partnership with SmartLynx Malta — an express logistics provider and member of Avia Solutions... Read More The post DHL Express adds SmartLynx Malta’s converted A321Fs to fleet appeared first on Air Cargo News. ...
