Speakers at the Nordic Air Cargo Symposium have said disruption in the industry is set to continue. The supply-demand balance in the air cargo market is expected to return to pre-COVID levels in 2025 although the prediction is complicated by several conditions. Cargo capacity is projected to reach 2019 levels around 2023 but demand will […]
Read MoreThe World Trade Organization (WTO) has said the logistics sector could be operating in less favorable market conditions in 2022. In its latest analysis on the outlook for world trade over the next two years, the WTO forecasts a decline in merchandise trade volume from 4.7% to 3.0% in 2022, and 3.4% in 2023 […]
Read MoreThe International Air Transport Association (IATA) said global air cargo growth increased in February although capacity remains constrained. Global demand measured in cargo tonne-kilometers (CTKs), was up 2.9% compared to February 2021. Demand was up 2.5% for international operations. Accounting for the volatility of the Lunar New Year by averaging January’s and February’s performance, IATA […]
Read MoreA report The impact on trade and development of the war in Ukraine by the United Nations Conference on Trade and Development (UNCTAD) warns 1.5 million containers of Asia-Europe rail cargo could be re-routed to the ocean freight market and drive freight rates even higher. The war between Ukraine and Russia has disrupted land and […]
Read Moreby Dean Croke DAT Solutions, LLC February’s overall Logistics Managers Index reading of 75.2 is the second-highest in the history of the index and offers a glimpse into what future demand could look like for the dry van market. “January’s 3.3% sequential gain makes it 13 consecutive months over 70.0, which we would classify […]
Read MoreThe cost of fuel reflects the most immediate impact on shipping of the conflict. However, in the weeks ahead, analysts predict a broad fallout from Russia’s aggression which has generated widespread condemnation and protests too from ordinary Russian people. The bunker price hikes did not mirror the leap in spot crude prices which saw Brent […]
Read MoreThe U.S. economy is in the throes of a virulent bout of inflation. In January 2022, the consumer price index (CPI) was up 7.5% from a year earlier, the largest increase in nearly 40 years. This inflation surge was unexpected by most forecasters, financial market participants and monetary policymakers. Now, however, cognizant of the dangers […]
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