Supply chains – Page 11
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NewsAmazon closes US airfreight facility
Photo: AmazonAmazon Air is closing its airfreight facility at Kelly Field Airport, San Antonio, Texas, in a move that is set to affect ground handler employees at Worldwide Flight Services.E-commerce giant Amazon did not state why it is closing the facility at the joint-use airport, however, it told Air Cargo ...
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NewsAir cargo market shows signs of cooling after busy start to 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year caused by the Red Sea crisis and pre-Lunar New Year (LNY) rush.Figures from analyst WorldACD show that in week six, tonnages out of China declined by 2% compared with the ...
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News
SGL: Lunar New Year break set to cool "red hot" air cargo market
Scan Global Logistics has described the current airfreight market as "red hot", but it expects the situation to cool now the Lunar New Year holiday in Asia is underway.The forwarder reports that over the last few weeks, there has been a rush in demand ahead of the 14-day Lunar New ...
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NewsE-commerce bolsters Geodis capacity
Geodis is scoping out growth, while keeping hold of its freighter capacity as it benefits from strong e-commerce demand.Geodis will continue with its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered airline Titan Airways, is currently operating between ...
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NewsGebrüder Weiss continues North American expansion with Cargo-Link deal
Scott Ogden (L), Cargo-Link and Mark McCullough, Gebrüder Weiss. Source: Gebrüder WeissGebrüder Weiss has acquired freight forwarder Cargo-Link as part of efforts to expand its presence in North America.Family-owned Cargo-Link is based in Salt Lake City, Utah, and offers air, sea and domestic forwarding services, as well as customs brokerage.As ...
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News
Awery reports Red Sea-related rates rise
There are conflicting opinions about the extent to which the Red Sea shipping crisis is impacting airfreight, but airfreight rates have risen, according to Awery Aviation Software.Tristan Koch, chief commercial officer at Awery told Air Cargo News that the software company’s CargoBooking platform “has shown average rate increases of 10-50% ...
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News
DSV: Red Sea crisis having a limited impact on airfreight
Customers are "buffering up" to combat the impact of the Red Sea crisis and have yet to resort to a major shift to air, according to DSV.Speaking following the announcement of its full-year results, the forwarder's new chief executive Jens Lund explained the steps customers are taking to mitigate the ...
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News
Challenges and opportunities for air cargo outlined at World Cargo Summit
Things are “going well” for air cargo, delegates at the World Cargo Summit in Bangkok on January 30 were told.Steve Saxon, a partner with McKinsey who leads its Asia Pacific airlines practice, outlined four reasons why the sector is buoyant despite an increasingly fraught world situation, but also signalled some ...
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Insights
Red Sea shipping disarray sees Kerry’s air business hot up
There has been much speculation about whether the Red Sea crisis and the consequent rerouting of ships from the Suez Canal in Egypt to the Cape of Good Hope in Africa is impacting airfreight and to what extent.Some airlines and forwarders have said they are receiving more interest from shippers, ...
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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News
Schneider looks to utilise more ocean shipping and SAF to reduce emissions
Schneider Electric is continuing its efforts to cut emissions through increased use of ocean transport and sustainable aviation fuel (SAF) though a new partnership with DHL Global Forwarding.The two firms will develop what they have termed multimodal shipping bridges between Singapore and North America and between India and North America ...
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News
Cargo-partner aims to head off Europe-Mexico disruption with new consol service
Logistics firm cargo-partner has expanded its air consolidation service by adding a new route between Germany and Mexico as it looks to combat disruption on the route.The service will operate between Frankfurt and Felipe Ángeles International Airport and was launched as shippers face a "tense market situation" on services between ...
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News
Sea-air to come to the fore as Red Sea crisis drags on
Kerry Logistics has reported increased interest in its sea-air services, mirroring reports of growing enquiries for alternatives to ocean shipping due to the Red Sea crisis.The Hong Kong-headquartered forwarder said that its sea-air and road-air services across Eurasia have recently garnered increased interest.The company said that its sea-air solution transports ...
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NewsEtihad Cargo partners to develop better perishables airfreight management
First row: Elena Sorlini, MD and interim CEO, Abu Dhabi Airports; Etihad Airways chief executive Antonoaldo Neves; and Suresh Vaidhyanathan, chief executive, Abu Dhabi Food Hub. Photo: IHCEtihad Cargo, Abu Dhabi Airports and Abu Dhabi Food Hub KEZAD have signed a memorandum of understanding (MoU) to jointly establish an origin-to-destination ...
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NewsAir Partner transports time-critical aid to Gaza
Photo: Air PartnerAir Partner's cargo division has transported 92 tonnes of humanitarian relief for people in Gaza, including blankets, fleeces and hygiene kits.The operation encompassed three flights across three days using an Airbus A300 freighter from Brindisi (BDS) airport in Italy to Al Arish (AAC) airport in Egypt, carrying a ...
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News
TIACA and ALTA sign MoU aimed at cargo development
TIACA and The Latin American and Caribbean Transport Association (ALTA) have signed a Memorandum of Understanding (MoU) to foster improvements in the regions' air cargo sector.The agreement will see the two groups work together to facilitate understanding on the contribution of aviation to economic and social development within the Latin ...
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News
Red Sea-related demand yet to materialise but enquiries rise
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers are enquiring about alternatives to sea transport.While there is an expectation that vessel diversions away from the Suez Canal route and around the Cape of Good Hope due to attacks ...
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News
Airfreight rates expected to slide this year on 2023 levels
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return to the market.Writing in his monthly Baltic Exchange column, Bruce Chan, director and senior research analyst covering global logistics and future mobility, at investment bank Stifel, said that international passenger ...
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News
Gradual increase in airfreight expected as Red Sea crisis could last months
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could last months.The logistics company said in a January 12 market update that there hasn't been a drastic increase in airfreight volumes as a result of the impact of the Red ...
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NewsGeodis to continue operating own capacity
Geodis' A330-300 freighter is operated by Titan Airways. Photo: GeodisGeodis will continue offering its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered Titan Airways, is currently performing three rotations per week between the UK and China, carrying ...