Industry News

AIR FREIGHT UPDATES Global air cargo volumes recover to pre-Covid level inside 10 months ajot.com A robust global air cargo market has virtually completed its recovery to post-Covid volume levels inside 10 months, according to airline performance data for February 2021 from industry analysts CLIVE Data Services and TAC Index. For the four...

  AIR FREIGHT UPDATES A leaner, more efficient air cargo market post-Covid – but more expensive theloadstar.com Covid-19 has created a slimline and more efficient – if more expensive – air cargo sector. While volumes are now broadly the same as a year ago, capacity remains significantly down, revealing more efficient...

OCEAN FREIGHT UPDATES Message from the MEA The Port of Montreal Longshoremen’s Union and the Maritime Employers Association, in collaboration with the Federal Mediation and Conciliation Service completed on February 28th,  another continuous 4-day negotiation period. Unfortunately, parties did not reach an agreement. Mediators contacted...

AIR FREIGHT UPDATES Hong Kong shippers' fears ease as 100% air cargo screening looms theloadstar.com The final phase of Hong Kong’s air cargo security screening programme began today with x-raying of all ‘unknown’ consignee cargo set for 30 June. However, while local shippers welcomed a delay in the rule set by the International...

OCEAN FREIGHT UPDATES Ocean carriers hold all the cards in contract talks with shippers freightwaves.com It’s annual-contract negotiation season for U.S. importers — and the hand they’ve been dealt couldn’t be worse. The deck is heavily stacked in ocean carriers’ favor. Incredibly, Asia-West Coast spot rates are now nearing a base...