30 Sep 2023

NCBFAA Briefs Members on What to Expect from CBP and PGAs During Government Shutdown

  NCBFAA Regulatory Agencies Committee (RAC) Chair Mike Lahar, Vice Chair Karen Damon, and Counsel Cindy Thomas briefed members about the expected response to the government shutdown by the following PGAs: Food and Drug Administration (FDA)—Overall, the FDA will do better than most federal agencies, retaining approximately 80 percent of its workforce, due in part […]

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14 Sep 2023

Airfreight Rates Continue to Climb in September

Airfreight rates showed signs of recovery in September, marking the first significant improvement in over a year. The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – spot and contract – paid by forwarders from Hong Kong to Europe and North America increased for the second month in a row […]

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13 Sep 2023

Containers Lost at Sea

  The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing positive developments in container safety within the international liner shipping industry. The report covers the year 2022, showing that 661 containers were lost overboard during the year. “The reduction in containers lost at sea in 2022 is positive […]

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12 Sep 2023

China’s imports from Russia surge to record high, bucking overall decline in purchases of foreign goods

  China’s imports from Russia surged to $11.5 billion in August, the highest monthly haul in over two decades, despite an overall decline in its purchases of foreign goods. The surge comes as trade between the two neighbors’ booms in the wake of Western sanctions on Russia over its invasion of Ukraine. Bilateral trade between […]

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11 Sep 2023

The Americas at a Crossroad

The philosopher Jose Ortega y Gasset once said, “We do not know what is happening to us, and that is precisely the thing that is happening to us.” This quote is apt for the current state of the Americas, where technological transformation, massive migration, rampant crime, and sluggish economies are remaking politics and weakening democratic […]

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10 Sep 2023

Container activity remains high at China’s major ports despite declining exports to the U.S.

Despite declining exports to its main market, the United States, container activity remains high at China’s major ports. This is because the country has found new buyers elsewhere, such as Europe, India, the Middle East, and South America. Deflation has also become an asset for Chinese exports, as it lowers importers’ prices. Figures from the […]

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06 Sep 2023

LAX Announces Plans for Major Air Cargo Expansion

  Los Angeles World Airports (LAWA) is set to construct and implement its new Cargo Modernization Program at Los Angeles International Airport (LAX). The program, which has been in the works for several years, is a major overhaul of LAX’s outdated and inefficient cargo facilities. The new program will include a number of improvements, including: […]

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05 Sep 2023

UPS Offers Severance Packages to Hundreds of Pilots Amid Weak Demand

  United Parcel Service (UPS) is offering severance packages to hundreds of pilots as the company adjusts to lower demand levels. The express giant has been busy reducing its fleet of aircraft and retiring older planes in recent months. The company said that it is offering the severance packages as part of its “effort to […]

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