Airfreight rates continued their upward trend last week as businesses sought to transport goods ahead of the anticipated announcement of sweeping new U.S. tariffs. According to data from TAC, compiled for the Baltic Air Freight Index, overall air cargo rates increased by 2.4% in the week ending March 31, reflecting a 5.1% rise compared to […]
Read MoreIn today’s fast-paced logistics landscape, uncertainty has become the norm. Shippers and carriers must constantly adapt to challenges such as labor shortages, yard delays, external disruptions, and unpredictable route planning. These obstacles force frequent last-minute changes, making resilience and adaptability critical for maintaining efficient operations. Logistics professionals face mounting challenges, from geopolitical tensions and environmental […]
Read MoreFreight forwarders are rushing to manage an unexpected surge in air cargo demand on westbound trans-Atlantic routes as shippers expedite shipments ahead of new U.S. tariffs on European goods, set to take effect on April 2. This heightened demand is pushing air freight rates upward, with prices climbing 8% this week to nearly $5 per […]
Read MoreLufthansa Cargo anticipates growth in the air cargo market in 2025 despite ongoing geopolitical challenges and capacity constraints. During a recent webinar, Heike Woerner, senior director of business development, shared the airline’s projection of a 3-5% increase in cargo demand this year. This growth aligns with forecasts of 3.3% global economic expansion and improvements in […]
Read MoreAir freight rates from China to the US have plummeted since Lunar New Year, driven by the typical post-holiday slowdown and uncertainty over new US trade restrictions on low-value imports under the “de minimis” threshold. Though the sharp decline in spot prices has stabilized in March, average rates from Shanghai to the US were down […]
Read MoreThe airfreight sector may see increased demand due to a proposed new fee targeting China-built vessels importing goods into the US. The US Trade Representative (USTR) has suggested imposing a charge between $500,000 and $1.5 million per port call for any Chinese-owned or operated vessel, as well as carriers with Chinese-built ships in their global […]
Read MoreThe air cargo industry is bracing for potential disruptions as stakeholders await updates on global tariffs from the US, creating uncertainty about the impact on the sector. Yesterday, the White House saw a flurry of activity as President Donald Trump announced executive orders imposing additional tariffs: a 10% increase on imports from China, a 25% […]
Read MoreIn a move that could reshape U.S. trade policy, President Donald Trump announced on Thursday, February 13, a sweeping investigation aimed at assessing and potentially imposing reciprocal tariffs on foreign nations that maintain higher import duties on American goods. The initiative, which the administration describes as a step toward tariff equivalency, is designed to address […]
Read MoreThe air cargo sector is bracing for a potential decline in demand for US-bound services following the introduction of new tariffs by the United States, which are expected to impact import volumes significantly. US President Donald Trump has ignited fresh economic tensions by imposing an additional 25% tariff on all imports from Canada, though it […]
Read MoreAir cargo demand in 2024 has surpassed the record volumes of 2021 by 0.5%, driven by high e-commerce activity and constraints in ocean shipping. According to full-year data from the International Air Transport Association (IATA), demand in 2024, measured in cargo tonne-kilometers (CTK), rose by 11.3% compared to 2023. Despite this growth, full-year yields were […]
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