The logistics industry is undergoing significant changes, with trade flows shifting and the structure of e-commerce evolving. However, air cargo is still well-positioned to play a vital role. In the US market, Laredo on the US-Mexico border has surpassed the Port of Los Angeles as the biggest gateway for imports for the eighth consecutive month. […]
Read MoreAir 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 […]
Read MoreTruckers lost $94.6 billion to congestion in 2021, up from $74.5 billion in 2016, according to a new report by the American Transportation Research Institute (ATRI). The report found that congestion costs the trucking industry in a number of ways, including: Increased driver compensation Higher fuel costs Increased repair and maintenance costs Supply chain disruptions […]
Read MoreAir freight rates on major east-west routes rose faster than expected in October, as the industry entered its traditional peak season. The Baltic Exchange Airfreight Index (BAI) showed that average spot and contract rates from Hong Kong to North America increased by 18.4% compared with September to $5.80 per kg. This is still 13.9% […]
Read MoreU.S. Customs and Border Protection (CBP) released fiscal year (FY) 2023 textile enforcement statistics today, demonstrating the agency’s robust efforts to protect American workers and legitimate importers from unlawful textile imports that violate U.S. trade laws and trade agreements. In FY 2023, CBP: Seized more than 5,000 textile shipments valued at more than $129 million. […]
Read MoreThe International Road Transport Union (IRU) has warned that the global truck driver shortage has become a “chronic problem” that is posing a significant risk to supply chains and economic growth. In a new report, the IRU estimates that there is a shortfall of over 2.8 million truck drivers worldwide, and that this figure is […]
Read MoreA recent report by analyst Maritime Strategies International (MSI) predicts a positive outlook for container carriers operating between Asia and North Europe in 2024. The report cites emerging signs of a demand recovery in the medium term, as inventories are replenished. The Trans-Pacific route is expected to experience healthy growth in the upcoming year, while […]
Read MoreThe Port of Long Beach has reported its busiest September ever, with cargo volumes increasing by 11.8% compared to the same period last year. This is the first monthly year-over-year cargo increase for the port in 14 months. The increase was driven by high consumer demand for holiday-related goods, as well as the recent approval […]
Read MoreIn 2022, U.S. freight trade with China by vessel and air modes of transportation account for 63 and 32 percent, respectively. The remaining 5 percent involves foreign trade zones, mail, and other freight moves that are not identified with a specific mode of transportation. Air freight from China decreased from $223.1 billion in 2021 to […]
Read MoreThe air cargo industry has seen some improvement in recent weeks, with rates tightening and demand increasing. However, experts remain cautious, warning that it may be too early to celebrate a full recovery. The Baltic Exchange Airfreight Index (BAI) rose 0.7% in the week to October 9, cutting its year-on-year decline to -29.2%. This […]
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