Lower ocean, air rates weigh on DHL Global Forwarding despite volume growth
Journal of Commerce » Air Cargo
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1w ago
| May 7, 2024, 12:52 PM EDT 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 ..read more
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No sign of air freight demand easing as ‘slow’ summer nears
Journal of Commerce » Air Cargo
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1w ago
| May 10, 2024, 11:17 AM EDT 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 ..read more
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LTL carrier FedEx Freight becomes more global under ‘Tricolor’ strategy
Journal of Commerce » Air Cargo
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3w ago
| Mar 22, 2024, 4:55 PM EDT The freight hauled by the largest LTL trucking company in the US will become more global under a reorganization of FedEx’s varied domestic and international networks ..read more
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Journal of Commerce Rankings: 3PLs struggle with post-pandemic sugar high
Journal of Commerce » Air Cargo
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3w ago
| Mar 26, 2024, 11:45 AM EDT The top end of the global 3PL sector is populated by companies that see a down market as a chance to focus on higher-yield customers and those that see a chance to build market share ..read more
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Asian air cargo block space sold out for 2024 as e-commerce fills export capacity
Journal of Commerce » Air Cargo
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3w ago
| Apr 4, 2024, 11:37 AM EDT The air freight market is off to a strong start this year with volume out of Asia up 11% in the traditionally slow first quarter while rates rose steadily through March ..read more
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USPS switches from FedEx to UPS, seeking lower costs, longer reach
Journal of Commerce » Air Cargo
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3w ago
| Apr 1, 2024, 4:23 PM EDT The US Postal Service is replacing FedEx with UPS as its primary air cargo carrier, reinforcing an existing partnership focused on home deliveries ..read more
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Sustained demand for e-commerce to lift 2024 air cargo market: forwarders
Journal of Commerce » Air Cargo
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3w ago
| Apr 10, 2024, 11:04 AM EDT Chinese e-commerce marketplaces are rapidly expanding their global reach as strong demand from online shoppers in the US and Europe drives up air freight volumes and keeps transport capacity tight ..read more
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CMA CGM Air Cargo enters key trans-Pacific market amid e-commerce boom
Journal of Commerce » Air Cargo
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3w ago
| Apr 16, 2024, 10:50 AM EDT With Asia-Europe services already served by 12 weekly flights out of Paris, the addition of an Asia-US network will fill a crucial gap in the airline’s global coverage ..read more
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Supply-demand disruption continues to elevate South Asia air cargo rates
Journal of Commerce » Air Cargo
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3w ago
| Apr 19, 2024, 10:21 AM EDT Given the huge volumes involved in ocean freight, even a small percentage shift in transport mode from South Asia shippers is enough to keep air cargo demand and rates buoyant ..read more
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Expected growth in air, ocean volume 'a silver lining’: Kuehne + Nagel
Journal of Commerce » Air Cargo
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3w ago
| Apr 23, 2024, 11:25 AM EDT Demand that began to build at the end of last year spilled into the first quarter and K+N says its forward bookings indicate the positive volume development will continue as the year progresses ..read more
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