All China-US trade war articles
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News
Hong Kong traders see Biden bounce for airfreight
Hong Kong traders are optimistic about the airfreight outlook, following the inauguration of Joe Biden as the US president, which might ease tensions between China and the US.That is the headline result of the latest DHL Hong Kong Air Trade Leading Index (DTI), a quarterly survey of more than 600 ...
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Logistics industry continues to view US-China trade war as biggest threat
The logistics industry continues to see the trade war between the US and China as the biggest threat to global economic growth, despite the two countries recently signing phase one of a trade agreement.A survey of 330 logistics and supply chain professionals, carried out by logistics firm Agility and consultancy ...
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China-US phase one deal welcomed as a first step towards an agreement
China and the US last night signed the first phase of a trade deal that has been welcomed by US companies and business groups, but they urged the two countries to begin the second round of negotiations and remove all tariffs.China has pledged to increase US imports over 2017 levels ...
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Retailers say US-China trade agreement a step in the right direction
The US National Retail Federation (NRF) has welcomed news that the North American country and China have agreed on phase one of a trade deal.Reports indicate that the agreement cancels tariffs that were due to come into force last week and will reduce tariffs that took effect in September.However, earlier ...
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DB Schenker outlines a challenging year ahead for airfreight
DB Schenker’s head of airfreight in the Americas is expecting another challenging year for the industry with flat airfreight rates, the ongoing trade war and a shift in production all affecting the market.In a blog post, DB Schenker head of airfreight, region Americas, Asok Kumar said that market indicators pointed ...
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NewsCaspian Air Cargo Summit: Industry must prepare for future growth
IATA head of cargo Glyn Hughes has called on the air cargo industry to "apply equal vigour" to all the "challenges and opportunities" currently faced by the industry.Speaking at the Caspain Air Cargo Summit in a global market outlook session, Hughes gave an overview of the tough market conditions that ...
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NewsAir cargo in longest slump since global financial crisis
Air cargo is now in its longest slump in demand since the global financial crisis in 2008.The latest figures from IATA show that demand in freight tonne km (FTK) terms declined by 3.9% year on year in August.IATA director general and chief executive said the figures were "deeply concerning".“The impact ...
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NewsAir cargo hits the ground with a bump in August
The air cargo industry was brought back to earth in August as freight volumes declined by 7.1% compared with a year earlier.Analyst WorldACD said that in July, there had been some hopes that air cargo could be on the road to recovery as it posted a decline of 4.2%, ...
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FedEx to cut freighter capacity on weak outlook
Express giant FedEx will cut its freighter capacity in response to weaker macroeconomic conditions.Speaking after the company announced its fiscal first-quarter results, FedEx chairman Fred Smith said the airline would retire 20 MD-10-10 aircraft over the current and next fiscal year to eliminate that fleet type from its operation.Meanwhile, it ...
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NewsKorean Air Cargo boosts Southeast Asia network as companies shift production
Korean Air Boeing 777 FreighterKorean Air Cargo has over the last few months made changes to its freighter network to mirror a shift in production sites to Southeast Asia.The airline said that in May it had re-launched cargo flights to Manila and in August it added services to Bangkok.Both flights ...
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US delays China tariff increases for certain products
The ongoing tariff trade war between China and the US took an unexpected twist last night when the US announced a delay to increases on some products.The US Trade Representative (USTR) office last night announced that it it would not implement a 10% tariff on products include mobile phones, laptops, ...
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US-China trade war escalates as Trump adds more tariffs
In a new development in the trade war between the US and China, US President Donald Trump is adding a 10% tariff to $300bn worth of imported Chinese goods, with effect from September 1.Congestion at airports – and disruption to wider supply chains – could occur in the short term, ...
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NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...
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Retailers hopeful as US holds back on plan for more tariffs on Chinese goods
US retailers have expressed hope that progress made during talks between President Trump and China’s President Xi Jinping at the G-20 summit in Japan will lead to the end of the two countries’ trade war.On Saturday, the US President said that he would hold off imposing 25% tariffs on ...
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NewsUS-China trade tensions dent air cargo outlook
The DHL Global Trade Barometer (GTB) is indicating a contraction in worldwide trade over the next three months for the first time since its launch in January 2018.The quarterly trade index for the coming three months now stands at 48 points, which as it is below 50, indicates expectations of ...
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Kerry Logistics warns of ongoing supply chain disruption caused by China-US rivalry
On announcing its 2018 results, Hong Kong-headquartered freight forwarder Kerry Logistics warned it is expecting supply chains to continue to be affected by the ongoing trade rivalry between China and the US.The company said it saw revenues increase by 24% year on year to HK$38.1bn in 2018 on the back ...