President Trump released his memorandum on an America First Trade Policy that did not immediately result in “day one” additional tariffs on any country, but it is a top-to-bottom review of every possible action the U.S. could take against a country that is trading unfairly or burdening U.S. commerce based on existing laws. A […]
Read MoreAir cargo capacity experienced significant growth last year, with double-digit percentage increases, driven by a recovery in bellyhold capacity and sustained high levels of freighter space compared to pre-Covid benchmarks. According to data provider and consultant Rotate, total air cargo capacity in 2024, measured in airfreight tonne kilometers (ATKs), rose by 10% year-on-year to reach […]
Read MorePlanned U.S. tariffs on Chinese imports are expected to accelerate a shift in containerized trade toward Vietnam, Thailand, and South Korea, according to Linerlytica. Vietnam has emerged as a key player, with containerized exports to the U.S. surpassing two million TEUs in the first 10 months of 2024. This marks a doubling since 2017 and […]
Read MoreAir cargo demand continued its upward trajectory in October, marking 15 straight months of growth. According to the International Air Transport Association (IATA), global air cargo demand, measured in cargo tonne km (CTK), increased by 9.8% year-over-year (y/y). Capacity also rose, growing 5.9% y/y, with the cargo load factor increasing 1.7 percentage points to reach […]
Read MoreSpot market rates from Asia to North Europe and the Mediterranean continued their upward trend into December, fueled by ocean carrier rate hikes on Dec. 1 and robust demand ahead of an early Lunar New Year starting Jan. 29. According to Drewry, rates from Shanghai to Rotterdam surged 19% week-over-week to $4,775 per FEU, while […]
Read MoreThe global air cargo market entered its peak shipping season this week, with demand surging past available capacity, pushing rates on key trade lanes to new highs for 2024. Asian export routes and the trans-Atlantic corridor are experiencing particularly sharp rate increases, reflecting strong demand and limited supply. Spot rates for Shanghai to North Europe […]
Read MoreHapag-Lloyd anticipates a possible cargo surge ahead of the Lunar New Year in January, driven in part by shippers aiming to avoid potential new U.S. tariffs on Chinese goods under the incoming Trump administration. Despite strong fourth-quarter demand, the carrier expects profitability to dip compared to its record-breaking third quarter. “There could be a rush […]
Read MoreUS retailers are accelerating their year-end import volumes, planning to bring in an additional 350,000 TEUs this November and December compared to forecasts from just a month ago. The surge aims to preempt disruptions from a potential East and Gulf Coast dockworker strike in January and significant tariff hikes proposed by President-elect Donald Trump. According […]
Read MoreThe air cargo sector is adopting a cautious “wait and see” stance regarding the possible impact of new US tariffs and heightened regulatory scrutiny for e-commerce shipments. This sentiment was echoed during the Tiaca Air Cargo Forum, where industry leaders discussed how anticipated policy changes could reshape the market. At the forum, Tiaca’s executive director […]
Read MoreThe air cargo industry may face significant setbacks if the new U.S. administration, potentially led by Donald Trump, enforces stricter regulations on low-value e-commerce shipments, as industry experts anticipate. Judah Levine, head of research at Freightos, suggests that changes could come to the “de minimis” exemption, which currently allows imports valued under $800 to bypass […]
Read More