Air Cargo News
The Journal of Commerce’s air cargo news covers the movement of air cargo, including air cargo shipping, air cargo carriers, air freight forwarders, air freight, air shipments, cargo airports and cargo news. It also tracks air cargo trends, air freight news, shifting of cargo between air and ocean, airports and airfreight delays and congestion.
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Bullish fundamentals portend solid peak season for air, ocean markets
More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.
High ocean demand from Asia shows signs of peaking: DSV CEO
Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain.
High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO
Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.
Expect rising air cargo rates through second half of year: DHL index
The second half of 2024 is not likely to bring rate relief for shippers forced into the air by geopolitical events and trade tensions between the US and China.
Milan-Hong Kong route joins growing MSC Air Cargo network
The air freight division of ocean carrier MSC now has a fleet of five branded Boeing 777 freighters that the carrier has deployed across major routes.
Maersk’s new Boeing freighter flies into China-Europe service
The carrier wants a third of its air cargo volume to be handled within an owned and controlled network as part of its integrated logistics strategy.
High-flying air cargo market heading for ‘hot’ peak season
Shippers that have not yet arranged air freight capacity out of Asia for the fourth quarter could be in for an expensive ride, according to Xeneta.
Crackdown on e-commerce may dampen booming global air freight: IATA
Regulators in the US and Europe are placing online shopping marketplaces under increasing scrutiny as huge volumes of e-commerce packages, imported mainly from China, fill aircraft on trade lanes out of Asia.
Overseas e-commerce platforms not playing by EU rules: digital lobby groups
Chinese online platforms were not specifically mentioned in an open letter to the European Commission, but the groups noted that government subsidies made competition with Asia-based e-commerce platforms difficult.
Huge volume highlights need for e-commerce special handling code: IATA
With more than 80% of e-commerce transported as air cargo, there are growing safety and transparency issues given the minimal view provided of what is actually inside the parcels.
Kazakhstan Railways embarks on ‘Maersk style’ integrated logistics transformation
The state-owned rail operator believes it can leverage soaring demand for China-Europe rail freight to develop a multimodal service offering underpinned by a strong air cargo network.
Biofuel an ‘unsustainable’ green option: climate activist
The airline industry is pinning its hopes on sustainable aviation fuel providing a long-term path to net zero, but there will not be enough biofuel to go around, European climate campaigners Transport & Environment have found.
Ocean disruption modal shift puts air cargo on course for solid 2024
Cargo owners battling to find space on ships filled by an unseasonal demand surge are taking all available air freight capacity out of Asia, the Middle East and India, with rate levels rising accordingly.
SEKO reinstated to US duty-free program, but still pursuing action against CBP
The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.
SEKO reinstated to US duty-free program, but still pursuing action against CBP
The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.
CBP curtails low-value shipment access for multiple customs brokers
Growth in the use of a low-value shipment rule has attracted critics, who say the de minimis program provides a loophole for e-commerce companies abroad to evade duties.
Busy ‘slow season’ for air cargo as e-commerce holds up demand
It is a good time to be in the freight transport business with air cargo and ocean shipping on the trade lanes out of Asia seeing sustained demand and robust rate levels.
No sign of air freight demand easing as ‘slow’ summer nears
Underpinning strong volume growth is booming demand for Chinese e-commerce in the US and modal shift from ocean to air in South Asian countries to mitigate Red Sea disruptions.
Lower ocean, air rates weigh on DHL Global Forwarding despite volume growth
Group CFO Melanie Kreis would not comment on the near-term freight rate outlook or the likelihood of a modal shift from ocean to air or sea-air caused by supply chain disruptions, including the ongoing vessel diversions to avoid the Red Sea.
UPS volume improves, but consumers shifting towards lower-priced services
US package shippers are shifting from air to ground and from premium-priced to deferred services, UPS says, boosting its SurePost volumes by 10%.