All global trade articles
-
NewsDHL Global Trade Barometer depicts weak three-month outlook
Global air trade has been reduced by three points to a new index volume of 45, the DHL Global Trade Barometer (GTB) has reported. It also predicted a further contraction in overall global trade for the next three months."Global trade continues to lose momentum, albeit mildly," the report stated. "Against ...
-
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 ...
-
News
FedEx reports 'solid growth' in Europe to Asia demand
FedEx has reported “solid growth” on volumes heading from Europe to Asia this year, despite a slowdown in the headhaul direction.FedEx Express Europe president Bert Nappier told Air Cargo News that the eastbound trade from Europe was a major focus for the business globally.“This [Europe to Asia] lane represents an ...
-
News
FedEx warns of continuing weakness in global trade
FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade.The express firm registered an adjusted third-quarter net profit of $797m compared with $1bn a year earlier, while revenues edged up to $17bn from $16.5bn.“Our third quarter financial results were below ...