The climate change debate in the shipping industry is hotting up, reflecting the change of atmosphere which has seen many shipowners, previously opposed to rapid decarbonisation measures, suddenly turn as pressure increases. Pressure from governments as well as major companies, consumers and concerned citizens has placed shipping and its operations into the...
Transpacific airfreight rates into the US have finally begun to fall as the market softens before the holiday week. TAC Index figures from China to the US, which have been on an upwards trajectory since the start of November, have begun to descend, with rates down 8.7% to $13.82 in the week...
Maersk has signed a four-year contract with FMCG and food production giant Unilever to provide operational management of its global ocean and air freight transport. The agreement will also see the carrier develop and manage Unilever’s International Control Tower Solution, which will build on the Virtual Ocean Control Tower debuted earlier this...
DB Schenker has internally announced the appointment of a chief transformation officer (CTO), sources say, charged with leading the German group on a “sustained strength” trajectory after a “hugely successful stint” since the pandemic began in Q1 20. (UPDATE: the full announcement released today by the DB Schenker management board can be found below...
Cargo in aircraft passenger cabins will no longer be accepted by China in the new year – a move expected to keep air freight rates high. China’s Civil Aviation Administration (CAAC) said “only anti-epidemic-related items are allowed to be loaded in the cabin”. It added: “At the same time, the new regulations also...
Air Cargo Netherlands (ACN) has written a strong letter to the Dutch consumer and markets authority over its concerns that “monopolistic” Schiphol’s attempt to raise airline fees by 37% is “unjustified”. At the end of October, Schiphol proposed new airline charges: 9% in 2022; 12% in 2023; and 12% in 2024. “The cumulative...
Delta Airlines last year achieved the unenviable distinction of being one of the very few major carriers to see cargo revenues plummet – despite a global average rise in air freight rates of a whopping 75%. Period Q1 2020 Q2 20 Q3 20...
Even post-pandemic surging demand for cross-border e-commerce will see freighters dominating air cargo, according to Cainiao. The Alibaba logistics unit launched its latest freighter route this week: a direct charter flight between Singapore and China’s Hainan Island five times a week. Home to increasingly popular domestic/tourist destinations of Sanya and Haikou, Hainan is...
It’s big news that will shock no one. Some two years after DSV leapt into the list of forwarding superstars with its bold acquisition of Panalpina, it is now adding some $4bn to annual revenues with the acquisition of Agility’s Global Integrated Logistics (GIL). It’s a new twist in an old tale:...
Money clearly means power and air cargo, finally, has won its moment in the sun, a rare gift from Covid-19. Authorities are now starting to consider the industry’s needs and how various challenges can be overcome, just as IATA publishes data showing that air cargo will this year account for one-third of...
