All Supply Chains articles – Page 26
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Insights
Putzger perspective: Air cargo's descent to normal
Economic turmoil is emerging worldwide and both airfreight rates and demand are feeling the strain, writes Ian Putzger.The music is still playing, but the party is drawing to a close. Now the question is if a hangover lies ahead.According to CLIVE Data Services (now part of Xenata), airfreight volumes and ...
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News
Airfreight rates to grind lower despite high inventories
Airfreight rates are expected to "grind directionally lower" or remain stable compared with current levels despite figures showing high inventory levels.Writing in his monthly column in the Baltic Exchange newsletter, senior analyst at investment bank Stifel Bruce Chan pointed to US Census Bureau figures that showed inventory levels continued to ...
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News
Cathay Pacific prepares for muted cargo peak season
Cathay Pacific has added cargo capacity and has been in close dialogue with suppliers as it prepares for what is expected to be a muted peak season.The Hong Kong-based airline said it has been adding extra passenger flights, cargo-only capacity and has ramped up freighter operations ahead of the peak.General ...
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NewsSEKO Logistics continues to support Ukraine humanitarian aid efforts
Photo: SEKO LogisticsSEKO Logistics will partner with three Chicago-based humanitarian relief organisations to continue supporting humanitarian aid work in Ukraine.The logistics company will work with Operation White Stork, Project Aid & Rescue and Be an Angel to provide additional medical supplies to Ukraine through HemaSource.In collaboration with these organisations, which ...
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News
Maersk continues push into logistics with latest takeover
Shipping giant AP Moller Maersk has completed the acquisition of e-commerce supply chain firm LF Logistics in a deal with an enterprise value of $3.6bn.Hong Kong-headquartered LF Logistics employs 10,000 people, operates an extensive Pan-Asian network across 223 warehouses and specialises in B2B and B2C distribution solutions within retail, wholesale, ...
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News
Vietnam's IPP Air Cargo eyes fleet of 14 freighters as it edges closer to launch
Soon-to-be-launched IPP Air Cargo is edging closer to its first flight as work nears completion on the conversion of its first freighter aircraft.In an update, the airline's operations, leasing and procurement advisor Brian Thomas Hogan said that work on its first B737-800 conversion was nearing completion at MRO Gameco.He added ...
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NewsBolloré Logistics completes acquisition of Lynair Logistics
Pictured (L-R): David Guarnera (State Manager of Victoria and South Australia, Bolloré Logistics Australia), Thibault Janssens (CEO of Bolloré Logistics, Pacific Region), Augustin Paul (Managing Director of Lynair Logistics), Cameron Galloway, Sales Director of Lynair Logistics. Photo: Bollore acquisition. Photo Bollore LogisticsBolloré Logistics has completed its 100% acquisition of Lynair ...
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News
Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days."Prices did not move much ...
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News
DHL reports airfreight demand low but capacity increasing
Air cargo demand remains low but capacity is increasing, according to DHL’s latest Airfreight State of the Industry report.According to the report, published this month, inflation and reduced purchasing power are among the reasons why demand is low.Although volumes “remain softened” they are stable following the peak drop seen in ...
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News
How air passenger traffic impacts cargo capacity
The airfreight industry experienced record high rates in the spring of 2020. Around 45% of airfreight is transported in the belly of passenger planes, but with passenger traffic down, about 75% of airfreight capacity was removed from the market.The world is returning to the skies, but the effects of the ...
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News
IATA World Cargo Symposium to focus on building resilience in air cargo
The IATA World Cargo Symposium (WCS) will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.Taking place in London from September 27-29, the WCS will address many topics related to resilience building, including digitalisation, sustainability, air cargo safety, attracting and retaining talent, e-commerce, air cargo market dynamics, digital ...
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NewsDHL Supply Chain expands pharma logistics near Frankfurt
Photo: DHL Supply ChainDHL Supply Chain has further expanded its Life Sciences & Healthcare (LSH) Campus in Florstadt near Frankfurt Airport.The new branch adds a third logistics centre to the multi-user campus specialising in pharmaceutical and medical products.The new 32,000 sq m centre is within walking distance of both the ...
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News
Port of Felixstowe strike could see air cargo demand rise further
Strike action at the UK's biggest container port could see demand for already stretched airfreight capacity increase further.Dockworkers belonging to union Unite will strike at the Port of Felixstowe from Sunday August 21 until Monday August 29 in a move that is likely to exacerbate existing oceanfreight supply chain congestion ...
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NewsSea-air and product demand on the up at Emirates SkyCargo
Emirates SkyCargo is expecting recent strong demand for sea-air services to continue, whilst volumes transported through its various product lines have also soared over the past could of years.Speaking to Air Cargo News, Emirates SkyCargo vice president cargo commercial development Dennis Lister says the pandemic had helped accelerate the use ...
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News
Shift back to ocean from air as rates lower and port problems ease
Over the last two years the air cargo industry has benefitted from a modal shift from ocean to air but leading forwarders have indicated that the trend started to reverse in the second quarter.CH Robinson and DHL Global Forwarding said that during the second quarter there was a shift back ...
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NewsSEKO Logistics acquires US 3PL and fulfilment services provider
One of Pixior's US facilities. Photo: PixiorSEKO Logistics has acquired California-based 3PL and fulfilment services provider Pixior.With seven locations along the west coast, and one location in Connecticut, Pixior provides e-commerce fulfilment and retail services, with an emphasis on serving high-end fashion brands.SEKO said the acquisition of Pixior brings key ...
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News
Technology key for air cargo to prosper
Technology and digitalisation development are key to making sure the air cargo industry prospers and keeps up with demand in the future, a new briefing paper has said.The Chartered Institute of Transport and Logistics UK Aviation Policy Group paper said that the sector has "perhaps not" kept pace with available ...
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News
UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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InsightsRFS services grow against challenging economic backdrop
Demand for Road feeder services (RFS) is increasing in a competitive air cargo landscape though there’s a long road ahead on which to tackle capacity and driver challenges.Wallenborn is still grappling with the impact of the pandemic, but its RFS business, which comprises 56% of its overall business, is steadily ...
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Insights
Supply Chain Spotlight: Flightpath to the future
The UK government recently published its ‘Flightpath to the Future’ document, which contained its 10-point plan for aviation – a strategy aimed at building an innovative and sustainable aviation sector.While it is encouraging that the plan recognises the vital role of airfreight as a tool for levelling up and international ...