Supply chains – Page 34
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News
Airfreight rates end the year on a high
Airfreight rates on major trade lanes ended the year on a high as supply chains remained under pressure.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices from Hong Kong to North America in December reached $12.72 per kg - their highest level of the year ...
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News
DSV responds to Asia Covid restrictions with extra freighters
DSV has responded to Covid restrictions and lockdowns in Asia by adding extra freighter capacity from Hong Kong and Singapore.The freight forwarder is adding two extra weekly flights - offering 100 tonnes of capacity each - to its Hong Kong-Liege-Hong Kong loop, bringing its weekly flights on the route to ...
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NewsCathay Pacific outlines "substantial" freighter flight cuts in Q1
Cathay Pacific today announced it will implement "substantial reductions" to its long-haul freighter capacity in the first quarter due to the latest crew quarantine measures imposed by authorities in Hong Kong.The new rules, announced on December 30, mean air cargo crew members will be required to undergo compulsory quarantine at ...
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NewsEtihad Airways signs MoU for UAE-China air cargo
Etihad Airways and Henan Province Airport Group have signed an air cargo MoU. Photo: Etihad AirwaysEtihad Airways and Henan Province Airport Group plan to establish a strategic partnership that will boost air cargo business between the UAE and China.The national airline of the UAE and the parent company of Zhengzhou ...
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News
Samskip targets airfreight project cargo
Multimodal shipping firm Samskip has expanded its airfreight portfolio by adding project cargo to its offering.The company, which launched a dedicated airfreight forwarding division last year, will bring together its Bremen-based project cargo business and air cargo team in Schiphol to target the market.The initiative aims to create a "one-stop ...
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NewsGreen backlash over Amazon air cargo project
California Attorney General Rob Bonta is fighting an Amazon air cargo project in the state. Photo: California Department of JusticeCalifornia Attorney General Rob Bonta has taken legal action against an Amazon-operated air cargo facility in the state over concerns it will create “toxic air pollution”.Bonta asked the 9th Circuit Court ...
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News
Hong Kong suspends flights from eight countries
Hong Kong has announced that passengers from eight countries will be banned from entering the country for 14 days.The flight ban will impact passengers from Australia, the UK, Canada, France, India, Pakistan, the Philippines and the US, including transferring passengers.The measure comes into force on January 8 and will last ...
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NewsSupply chain issues continue to weigh down air cargo growth
Ongoing supply chain issues continued to weigh down air cargo demand growth in December but rates continued to surge.According to figures from CLIVE Data Services, air cargo demand in December - traditionally the peak season - fell by 5% compared with the same month in 2019 (used for comparison to ...
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InsightsAir cargo faces up to an increasing number of turf invaders
The airfreight market is becoming more crowded and traditional operators face new competition, writes Ian Putzger.The phalanx of freighter operators has grown to include some unexpected names – CMA CGM, Maersk, Amazon and Mercado Libre.Amazon’s fleet of leased or outright owned freighters is now in excess of 80 planes and ...
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InsightsSpecial focus: Horse transportation gallops ahead
The COVID-19 pandemic has presented many challenges when it comes to the transportation of horses, but the industry continues to innovate in order to meet demand, writes Megan Ramsey.Perhaps the most eye-catching story relating to equine transport of late was the movement of 316 horses from Liege to Tokyo – ...
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InsightsSupply chain spotlight: 2021 UK air cargo review
2021 proved to be a vital year for the air cargo industry; ongoing sea shipping disruption saw many companies utilise airfreight as a quick and reliable way to transport goods, with airfreight prices soaring to two-and-a-half-times higher than pre-pandemic levels. Alongside soaring demand, Brexit and decarbonisation continued to remain challenges ...
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InsightsPutzger Perspective: Tackling aviation emissions
The air cargo industry is tackling emissions. Photo: ICAOIn this month's column, Ian Putzger tackles the challenge faced by aviation when it comes to reducing emissions.2022 does not look like a good year to add to the cost of flying. Fares are already heading up, thanks to a global inflation. ...
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NewsChina’s Ezhou Huahu Airport hits milestone
The Cessna 560 airplane at Ezhou Huahu Airport on Dec 29. Photo: XinhuaChina’s first cargo airport, the Ezhou Huahu Airport, has hit a development milestone.A Cessna 560 airplane carried out flight verification of the Ezhou Huahu Airport in Hubei on Dec 29, marking the completion of the cargo-oriented airport, said ...
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NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
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News
Cargo crime warning for Gulf countries
Over three-quarters of cargo theft in Gulf countries occurs at logistics hubs and warehouses, a new report by TT Club and BSI has found.Intended as a risk mitigation tool for transport operators, the report by the international freight transport insurer and the business improvement and standards company comes during a ...
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News
FedEx predicts ongoing cargo capacity constraints in 2022
FedEx is predicting that next year air cargo capacity will once again be hard to secure with space remaining scarce and supply chain issues supporting strong demand.Speaking to Air Cargo News, Karen Reddington, president of FedEx Express Europe, explained that passenger networks - and therefore bellyhold services - were taking ...
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News
B&H Worldwide launches new website
Aerospace logistics firm B&H Worldwide has redesigned and upgraded its website to provide a "more user-friendly experience for visitors".Among the new features are "easier navigation and richer content" which are designed to provide an "enhanced digital experience for those seeking more insight into B&H’s capabilities".Customers still have direct access to ...
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NewsSupply chain cash flow made easier
Image source: PixabayPayCargo Capital has secured a substantial lending alliance that will enable freight forwarders and beneficial cargo owners to apply for and receive credit right at the point of paying freight costs.The partnership between PayCargo Capital and Evolve Bank & Trust will immediately fund the “PayCargo Line of Credit”, ...
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NewsMaersk makes logistics acquisition
LF Logistics operations. Photo: LF LogisticsMaersk is expanding further into logistics and supply chain management with the acquisition of LF Logistics.The acquisition of Hong-Kong-based LF Logistics, owned by Li & Fung (78.3%) and Temasek Holdings (21.7%), supports Maersk’s strategy to become an end-to-end supply chain player.Earlier this month, the shipping ...
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News
Bolloré in talks to sell Africa logistics business
The Bolloré Group is holding talks with container shipping giant MSC over the sale of its African logistics division.The French company said that it had received an offer from MSC to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on ...