-
Logistics Providers Weigh Workforce Reductions Amid Drop In Trade
Wednesday, April 8, 2020 - 3:56pm | 1677Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic. "We are in a tough spot," Gabriel Rodriquez, president of Doral,...
-
Commentary: Why Airlines Are Giving Freight The Window Seats
Monday, April 6, 2020 - 3:25pm | 1030The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Photo credit: American Airlines An old quip in transportation management is that passengers are freight that complain. But what about giving freight the window...
-
Financial Turmoil Clouds Future Of Scottish Air Cargo Airport
Friday, November 29, 2019 - 9:53am | 597The U.K. government may be forced to close Glasgow Prestwick Airport, Scotland's fourth-largest airport, after a stalemate was reached on a proposed sale. The rolling deadline for reaching a deal to sell the state-owned airport, which primarily handles cargo, was set at Oct. 4. A bid by Prestwick-...
-
Airfreight Prices Climb, But For How Long?
Wednesday, November 13, 2019 - 10:56am | 1371Air cargo freight rates have spiked in recent weeks as the traditional peak season approaches, but there is growing evidence that any rebound after a tough year for carriers will be fleeting. The International Air Transport Association (IATA) reported last week that growth in industry-wide freight...
-
Hassett Express Seeks To Shed "Quiet Company" Image
Wednesday, November 13, 2019 - 9:43am | 845Michelle Halkerston, president and CEO of Chicago-based Hassett Express, likes to describe her company as the "biggest domestic freight forwarder that you never heard of." But that's about to change through increased information technology investments, she told attendees in a live chat with Dean...
-
FreightWaves Adds Drewry Air Freight Rates And Expands Lead Time Data
Monday, October 14, 2019 - 12:31pm | 552We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver a brief recap of newly released data sets, market indices, and product feature improvements in our What's New in SONAR...
-
Air Freight Forwarders' React To 2019 Market Issues
Friday, May 17, 2019 - 4:06pm | 811The global air freight market struggled during the first three months of the year as a slowing trade environment took a toll. Data from the International Air Transport Association (IATA) indicated that freight-ton-kilometers declined 2.0 percent while available-freight-ton-kilometers increased 3.3...
-
Global Air Freight Demand Hit A Three-Year Low In February
Monday, April 8, 2019 - 7:13pm | 627Global air freight demand hit a three-year low in February, down 4.7 percent from last February, according to data released by the International Air Transport Association (IATA). The data shows freight capacity, measured in available freight tonne kilometers, rose by 2.7 percent year-over-...
-
Global Freight Overview – Airfreight
Friday, March 29, 2019 - 11:33am | 732On a call with freight procurement intelligence company, Beroe, Inc., Senior Analyst Shijith Ajithkumar provided insights on the firm's outlook for the global airfreight and road freight markets. In part one, road freight was featured. Beroe provides freight market research and procurement...
-
For Airfreight, Digitalization Remains A Long, Hard, But Necessary Slog
Wednesday, March 13, 2019 - 9:52am | 1283Keynoting his group's World Cargo Symposium today in Singapore, Alexandre de Juniac, CEO and director-general of the International Air Transport Association (IATA), called on the global airfreight industry to accelerate the digitalization of day-to-day processes and to move away from a...
-
TAC Adds New Air Freight Pricing Routes
Friday, December 21, 2018 - 12:19pm | 778(PHOTO: TAC Index) TAC Index Limited announced that four new routes for air freight pricing will be added to its weekly publication. These routes will include Shanghai to the U.S, Shanghai to Los Angeles, Hong Kong to Singapore, and China/Hong Kong to the U.S. These origin destination pairs are...