Thailand, Malaysia, Vietnam, India and Mexico are some of the gainers as the growth of nearshoring leads to reduced dependence on China.   However, SEKO Logistics Chief Executive James Gagne pointed out in a recent company update that “what we’re witnessing is not a collapse of globalization but more of a proper reshaping of it.”  ..read more

Worldwide Flight Services has announced the opening of its new air cargo terminal and cold chain facility at Kempegowda International Airport in Bengaluru, India.   Worldwide Flight Services (WFS) will oversee the development, operation, management and maintenance of the international cargo terminal at Kempegowda (BLR) under a 15-year agreement signed in June 2022, it said in ..read more

The latest edition of FIATA’s Dangerous Goods Brochure includes information on a recently mandated competency-based training assessment.  The brochure provides freight forwarders with essential knowledge and guidelines, and covers regulations for the safe handling and transport of dangerous goods across all modes of transportation.   “The handling and transport of dangerous goods are core competencies of ..read more

More flights are expected for eight of the 10 busiest long-haul passenger airlines this summer compared with before the pandemic, according to data from digital flight information provider OAG.  Six of those routes are on the trans-Atlantic sector.   That could reduce air cargo load factors and rates given the flattish state of demand and ..read more

Qatar Airways Cargo and Envirotainer are collaborating to provide a temperature-sensitive pharmaceuticals shipping solution that has the potential to reduce CO2 emissions by up to 90% compared to other shipping methods.  “This collaboration marks a significant milestone for Qatar Airways Cargo as we continue to enhance our capabilities in delivering pharmaceuticals and other temperature-sensitive cargo ..read more

Air waybills are crucial documents for air cargo logistics as they serve as a contract of carriage between the shipper and the carrier. The International Air Transport Association (IATA) has introduced two types of air waybills: neutral air waybill (NAWB) and airline electronic (eAWB). An NAWB is issued by a neutral party, such as a freight forwarder or consolidator, which acts as an agent for the shipper. The neutral air waybill does not bear the name of a specific airline. An NAWB is a non-negotiable document used to transport goods from the origin airport to the destination airport. The sh ..read more

Freightos today reported first-quarter revenue of $4.8 million, a 9.9% year-over-year increase, but the digital booking and payment platform had an operating loss of $58 million for the three months ended March 31, a significant increase from Q1 2022’s operating loss of $4.2 million. Freightos reported an operating loss of $24 million in Q4 2022 ..read more

The parent company of Denmark-based forwarder Scan Global Logistics had a sharp decline in revenue and operating profit in the first quarter of its fiscal year.   Market conditions continued to normalize at the beginning of the year following the high activity levels driven by market disruptions and capacity constraints seen in 2021 and the ..read more

Blockchain technology is being used in digital air cargo booking to improve the transparency, security and efficiency of the supply chain. While still in its infancy, the technology is making its mark on the air cargo industry, with benefits such as smart contracts, transparent tracking, secure payments, immutable records, improved security, simplified customs procedures and supply chain visibility. Smart contracts Blockchain allows the air cargo industry to create smart contracts, which include the terms of the agreement written into lines of code. This code executes actions when specified c ..read more

The critical importance of efficient pharmaceutical airfreight was illustrated by the pandemic as vaccines traveled by plane to reach people in the largest cities and most remote areas.  “Airfreight is an essential part of pharma logistics,” Celine Crahay, founder and managing director of consultancy 3CeL, told Air Cargo Next.   “I had the shipper last week ..read more