Industry News

OCEAN FREIGHT UPDATES Ocean carriers chasing premium rates are disrupting the supply chain, claims theloadstar.com A shortage of containers rather than space on box ships is the main driver of the unrelenting spike in freight rates on headhaul routes. Moreover, the focus by carriers to reposition their empty equipment as quickly...

AIR FREIGHT UPDATES One in Four European Airports Face Insolvency bloombergquint.com Many European airports will struggle to stave off insolvency without state help unless travel recovers from its pandemic slump by the end of the year, according to Bloomberg. Airports Council International Europe predicts that 193 out of 740 airports...

AIR FREIGHT UPDATES TIACA calls for an end to ‘misleading’ weight-based load factor aircargonews.net TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the “misleading” traditional weight-based system. The dynamic load factor methodology measures how full...

AIR FREIGHT UPDATES Warning to air charterers: phantom freighter scams on the rise theloadstar.com The dearth of air freight capacity has led to an increasing number of offers for freighters that either do not exist, or are parked in the desert not ready to fly. Charter brokers claim scams became prevalent during the PPE rush,...

OCEAN FREIGHT UPDATES Bangladesh authorities agree cost-saving round-trip container use theloadstar.com After calls from shippers, the Bangladesh government has approved the round-trip use of containers, which is expected to cut lead times and transport costs significantly. Lead times remain a major concern for Bangladeshi shippers,...