Industry News

AIR FREIGHT UPDATES Jet Airways Cancels All Flights news.airwise.com India’s Jet Airways has suspended all flights after failing to attract interim funding to keep it in the air. Read more here.  OCEAN FREIGHT UPDATES Digital initiative can 'change course' of container shipping lloydsloadinglist.com The formation by leading carriers...

AIR FREIGHT UPDATES Jet Airways Extends International Flight Suspension news.airwise.com India's Jet Airways has extended the suspension of international flights as its attempts to find emergency funding to keep flying continue to be unsuccessful. Read more here.  OCEAN FREIGHT UPDATES Panama expects fresh flow of Asian boxes as LA dockers...

AIR FREIGHT UPDATES Rising fuel costs and capacity surplus push Lufthansa into loss reuters.com Rising fuel prices and falling ticket prices have led to a fall in Lufthansa’s first-quarter profit, according to a trading update. While it won’t publish full results until the end of this month, it will report an operating loss of €336m, larger...

AIR FREIGHT UPDATES Digitalisation does not mean a race to the bottom on pricing aircargonews.net Digitalisation will not result in a race to the bottom on pricing for forwarders, according to SeaIntelligence Consulting founder Lars Jensen. Read more here. OCEAN FREIGHT UPDATES Yang Ming charters four more 11,000 teu boxships lloydsloadinglist.com YANG...

OCEAN FREIGHT UPDATES US box imports begin rising again lloydsloadinglist.com With tariff increases delayed for the foreseeable future and the busy summer season approaching, imports at the United States’ major retail container ports are beginning to climb again, according to the monthly Global Port Tracker report by the National Retail Federation...