In a groundbreaking move, Dronamics, the pioneering cargo drone airline, has partnered with Qatar Airways Cargo, the world’s leading international cargo carrier, to establish the first-ever interline agreement between an international airline and a cargo drone airline. This landmark collaboration marks a pivotal moment in the evolution of air cargo transportation, paving the way for […]
Read MoreThe U.S. economy is expected to slow in 2024, with real GDP growth projected to fall to 1.3% from 2.6% in 2023. Private forecasters also expect inflation to continue to decline, falling to 2.4% in 2024. Key factors contributing to the slowdown in 2024 include: Slower growth of real private consumption expenditures (PCE): PCE is […]
Read MoreIn a landmark decision, member countries of the International Civil Aviation Organization (ICAO) have pledged to collectively reduce carbon dioxide (CO2) emissions from aviation by 5% compared to current fossil fuel levels by 2030. This ambitious target forms part of a broader “collective vision” for a sustainable aviation future, encompassing harmonized regulatory frameworks, implementation support […]
Read MoreThe Los Angeles and Long Beach ports on the U.S. West Coast enjoyed a robust performance in October, marked by a significant surge in imported containers. Los Angeles handled 372,455 TEU (twenty-foot equivalent units), representing a 10.7% increase over the previous year. Long Beach, on the other hand, witnessed an even more impressive 23.6% jump […]
Read MoreAirfreight rates continue to soar as a combination of extreme weather events, volcanic activity, and ongoing conflicts disrupts global air cargo capacity. The latest figures from TAC Index reveal a 4.6% increase in the Baltic Air Freight Index for the week ending November 20, compared with the previous week. China leads the charge in rate […]
Read MoreThe long-awaited surge in inactive tonnage, driven by a wave of new large vessels delivered from shipyards, appears to have temporarily subsided. However, this lull may be short-lived as the industry faces a further increase in idle capacity. Despite the influx of larger vessels, box ships with capacities of 12,500 twenty-foot equivalent units (TEU) and […]
Read MoreThe International Longshoremen’s Association (ILA), the union representing dockworkers on the U.S. East and Gulf coasts, warned members to prepare for a possible coast-wide strike in October 2024. Harold Daggett, the President of the ILA, conveyed this message to the rank-and-file members. He also mentioned that an update on wage negotiations with ocean carriers […]
Read MoreToday in San Francisco, California, the United States took stock of the progress made in the Trade Pillar of the Indo-Pacific Economic Framework for Prosperity. Over the last year, a diverse group of thirteen partners (Australia, Brunei Darussalam, Fiji, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the United States, and Viet Nam) has advanced our shared vision […]
Read MoreAir cargo is poised to benefit from a potential decline in ocean shipping reliability in 2024 as the industry grapples with the implications of changes to antitrust regulations. Xeneta chief airfreight officer Niall van de Wouw, speaking at the TIACA executive summit, highlighted the key factors shippers consider when choosing between air and ocean freight. […]
Read MoreLogistics depots across Europe are struggling to cope with a surge of empty shipping containers as the economic downturn in the Eurozone and falling trade volumes exacerbate the issue. Industry experts at Container xChange claim that the cost of repositioning empty containers now surpasses their asset value, discouraging container lessors from shipping them back to […]
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