The grounding of all Boeing 737 MAX aircraft has caused many problems; it has also created an opportunity for freight forwarders. Read a market expert’s take on the situation.
WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.
Plus: Amazon acquires warehouse robotics startup; Germany reckons with electric vehicles
Around the world, consumers are clamoring for more seafood. Read how airlines and airports are working to move more seafood more quickly around the world.
Sabrewing Aircraft Company has developed an unmanned vertical take-off and landing (VTOL) cargo aircraft that is now closer to being a commercial reality, with it getting an order for 10 aircraft from the Aleut Community of St. Paul Island (ACSPI).
Air cargo volume is down year-to-date. Learn what air cargo companies are doing – and not doing – to generate greater volume and revenue.
The drop in cargo ton miles was consistent with market expectations.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
In part two, the company’s global airfreight market report is featured and provides a demand outlook for global airfreight by region along with insight on cost inflation, capacity and pricing.
Today on FreightWaves NOW, Nick Austin sees more flooding in MO; Ibrahiim Bayaan evaluates the meaning of manufacturing; and John Paul Hampstead connects the dots between a large carrier’s earning report, the spread between wholesale and retail fuel, and air cargo.
Investors are risk-on for Europe, putting money into Italian, Greek, and junk bonds, and equities.
20% revenue growth YOY on cargo and mail helped a lot.
Contracts on the S&P 500 Index fluctuated before nudging upward, with those on the Nasdaq and Dow Jones gauges following in line.
The Anchorage airport has built its reputation on location, location, location. But the facility also boasts an operations advantage that many carriers don’t know about.
NTSB will look at the potential for hazmats such as lithium-ion batteries as a contributing factor in last week’s Atlas Air crash.
Asparagus from Mexico and California moves around the world as air cargo from Los Angeles International Airport.
CHRW fills out geographical white space and adds density to its Transatlantic forwarding business after turning the corner on the Milgram & Co. integration.
Express firm adds 17 origin markets in Mexico for samples deliveries to U.S. labs.
Online freight booking systems can streamline the process for booking air and ocean freight, solving several significant challenges along the way.
Expeditors should do well in a softening ocean freight market and a Panalpina deal wouldn’t necessarily be a bad thing.
Airbus is ending production of the A380. Those in air cargo won’t miss the plane, because as big as it is, it doesn’t hold that much cargo!
After years of development work, TSA’s approval for third-party canine screening should provide faster and more accurate air cargo acceptance and security screening, and reduce truck detention at airports.
Strong Q4 drives full-year performance.
In its 2018 annual report, released today (February 7), DSV (NASDAQ OMX: DSV) announced that revenues grew 5.5 percent, from 74.901 billion Danish Krones (DKK), or $11.39 billion, in 2017 to DKK 79.053 billion ($12.022 billion) in 2018.
The macroeconomy is slowing down to trend-line growth, but drivers of freight movement look worse.
Overall cargo volumes on Australia’s air routes have increased, according to the latest data from the federal government’s Bureau of Infrastructure, Transport and Regional Economics.
Australia is experiencing growth in volumes of inbound international air cargo, new official figures show. Freight volumes from overseas airports to airports in Australia grew by 7.3% in the year ended November 2018.
Stanley Robotics has designed a droid system that can park cars at airports, that will be trialled at Gatwick later this year. And this system could be adapted for airfreight according to freight equipment supplier LLM.
A former NTSB executive tells FreightWaves that “perishable information” critical to freight accident investigations is at risk of disappearing.
The Federal Aviation Administration (FAA) announced on Twitter on Friday morning that delays would affect LaGuardia International Airport and Newark Liberty International Airport due to the effects of the government shutdown, potentially delaying air cargo operations at these airports.
In partnership with Slync… There are numerous reasons to be worried about the health of global trade and the goods economy, even though, in our view, a full-on macro-economic recession in the United States is still unlikely.
FreightWaves adds air cargo volume and pricing data to SONAR platform
Cohen, a 30 year air cargo veteran of United Airlines and Etihad Airlines has been appointed as FreightWaves Market Expert, Air Cargo. In this role he will be providing analytics and commentary about the air cargo market and will be working with data partners in the air cargo space.
TAC Index Managing Director Peyton Burnett demonstrates his platform, explains how the data is processed, and outlines the potential for the derivatives market based on reliable air cargo price discovery.
U.S. airlines transport 50,000 tons of cargo every day.
Aircraft to be converted to freighters over three years
The cost of jet fuel burn is burning a hole in the pockets of air express shippers.
Quick acquisition broadens 3PL giant’s portfolio.
Higher surcharges to carry through peak season.
Boeing predicts a positive growth in international air cargo volumes over 2018, with volumes spiking during the festive winter season when businesses rush to put products on the shelves ahead of the consumer shopping spree.
$200B of tariffs imposed on Chinese imports today; the 4PL era is here; China cancels further trade talks; Germany’s maritime fleet shrinks by 1/3; air cargo not yet feeling tariff pain; oil rallies.
Air freight prices continued to rise this week as capacity tightened, ushering in the beginning of peak season, according to a STIFEL conference call focused on TAC Index’s role in air cargo market intelligence.
Steam Logistics, one of the fastest growing companies in the United States, is a young Chattanooga-based international freight forwarder on a mission to bring an unprecedented level of customer service to ocean and air freight.
K & L Freight has invested heavily in technology and data and grown 5x in the past two years. The next step is offering financial services to help their shipper customers hedge against spot market volatility.
RTW Air Services SA, a Swiss General Sales & Service Agent (GSSA) for a substantial number of international air carriers, is the latest member of the Blockchain in Transport Alliance (BiTA).
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
Boeing 777 Freighter is one of the most sought-after cargo flights in recent history, with DHL Express and Qatar Airways finalizing orders at the Farnborough Air Show today.
New truck orders in May have doubled YOY; Navistar takes $50M in profits in Q2; the Permian Basin is out of workers; coal export volumes by rail are better than expected; air freight rates up 22% YOY; housing prices expected to outstrip inflation and wage growth.
Passenger and freight coming to a hub near you—sooner than you may think.
The Mother’s Day demand for reefer trucks full of flowers has stressed an already tight capacity segment that is hauling record fruit and vegetable tonnage. The result? An unprecedented spike in reefer spot rates.
Mack Trucks and Volvo discuss performance of their remote software update systems; Uber Freight is using autonomous trucks in Arizona; air cargo was up 8% in January YOY; the 3,000th Neopanamax container ship transited the Panama Canal; intensifying freight flows are driving oil demand.
SkyCell has 1,000 high-tech refrigerated air freight containers circulating through the global biopharmaceutical cold chain. They’ve reduced temperature deviations from a global average of 8.5% to less than 0.1%.
Truckers Against Trafficking has launched the Man to Man Campaign in an effort to eliminate human trafficking in the transportation industry.
In all, 35% of Americans will purchase flowers this year, says the Society of American Florists, totaling some $2 billion in sales, and the most of them get to their destinations via the trucks.
Conditions improved slightly for shippers in November according to FTR’s Shippers Conditions Index (SCI). The SCI recorded a -8.9 for November, slightly better than October but still solidly negative, the firm said.
