04 Jan 2024

Air Cargo: Navigating Uncertainty with a Glimmer of Opportunity

While the 2024 crystal ball remains cloudy, a glimmer of hope shines for the air cargo industry. Geopolitical turmoil and unpredictable supply chains could create a surge in demand for its reliable services. December saw promising signs: Demand surged 9% year-over-year, partly driven by a weak 2022 comparison. Spot rates climbed to their highest in nine […]

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29 Nov 2023

Air Cargo Market Expected to Stabilize in 2024, but Potential Disruptions Remain

After several years of volatility, the air cargo market is anticipated to stabilize in 2024, with a return to “classic seasonality.” However, industry experts caution that unforeseen events could still cause turbulence. Data provider Xeneta projects modest growth of 1-2% for air cargo volumes in 2024, while supply is expected to increase at a slightly […]

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02 Nov 2023

Air Cargo Peak Season Boost Fades

Air cargo demand hopes for a late-year surge faded in October, with data showing only a slight increase in demand. Xeneta, a data provider, reports that air cargo demand rose 2% in October compared to September, which it describes as “sub-seasonal” compared to the previous five years. General air cargo spot market rates also increased […]

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13 Oct 2023

Exporters face challenges in container shipping market, despite improvements

  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 […]

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06 Oct 2023

PierPass Fees at Ports of Los Angeles and Long Beach to Increase 4% Effective November 1, 2023

  Members of the West Coast Marine Terminal Operators Agreement (WCMTOA) announced that the PierPass fee will increase on November 1, 2023 by 4 percent, from USD 34.21 per TEU (twenty-foot equivalent unit), and USD 68.42 for all other container sizes, to USD 35.57 per TEU, and USD 71.14 per FEU (forty-foot equivalent unit), respectively. This fee is called […]

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