After two consecutive years of negative growth, air cargo is shaping up for a rebound in 2024, according to the International Air Transport Association and industry experts.
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
Recovery from the recession in airfreight transportation looks like it will be drawn out over the next year — and very slight when it does happen.
The traditional peak shipping season for air cargo is turning into super peak and a microcosm of the ocean shipping chaos. Turbulence ahead.
It’s still a seller’s market in airfreight, but rates are finally moderating.
Members of the U.S. House of Representatives have formed the Supply Chain Caucus. Read why this is important for all of us.
The ramifications of 2019 will come in the form of shrinking capacity, pushing rates up as supply falls to meet demand instead of dwarfing it.
The shipping consultants Drewry predicts carriers should be able to return “solid if unspectacular results”in 2020.
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.
The transportation and logistics industry is evolving at breakneck speed, and keeping up has never been more important.
