Freight rates are higher and scheduling complications are worse than pre-COVID ‘normal’. Container rates for U.S. imports have normalized. Rates for America’s exports have not. Both spot and contract rates for U.S. exports are still up double digits from pre-COVID levels. And rates are not the biggest cost issue exporters face, according to Peter Friedmann, […]
Read MoreHere’s why utilizing a cloud-based solution is not only the most advanced but also the most secure way of integrating and operating within the air cargo landscape. Introduction: In the rapidly evolving landscape of global trade and logistics, the air cargo industry stands as a linchpin. To meet the demands of this dynamic sector, innovative […]
Read MoreA voluntary partnership of leading maritime goods movement stakeholders, including the Ports of Los Angeles, Long Beach and Shanghai, some of the largest shipping lines in the world, with input from leading cargo owners, have developed a Green Shipping Corridor Implementation Plan Outline to accelerate emissions reductions on one of the world’s busiest container […]
Read MoreNCBFAA 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 to […]
Read MoreChina’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 China […]
Read MoreThe 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 […]
Read MoreDespite 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 […]
Read MoreThe Brics bloc is expanding to include six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). This move is a sign of the growing economic and political power of the Global South, and it raises important questions about the future of multilateralism in a world where geopolitics is increasingly […]
Read MoreAir cargo demand has continued to decline in recent months, with no signs of a peak season despite some expressing hopes of a recovery in the final months of the year. The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight terms declined by 1% year on year […]
Read MoreRecent Inflation Developments The Federal Reserve’s Strategy to Tame Inflation The Federal Reserve is making progress in its efforts to tame inflation. Headline inflation has slowed from its peak of 8.9% in June 2022 to 3.3% in July 2023. This deceleration has been driven by lower food and energy prices. Core inflation, which excludes […]
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