BIFA echoes warning that UK, EU are unprepared for no-deal Brexit

The British International Freight Association (BIFA) has warned of the likely negative impact of the United Kingdom leaving the European Union without an exit deal in place – a so-called no-deal Brexit – since the possibility emerged. The trade association this week released a statement in support of a Confederation of British Industry finding that few companies […]
  • Caryn Livingston
  • July 31, 2019

Challenging first half for Lufthansa Cargo in interim results

Lufthansa Group reported a 2% year-over-year decline in traffic for both the second quarter and first half of 2019, which the group attributed to “lower economic growth and market uncertainty in the face of trade conflicts and Brexit.”  Traffic figures stood at 4.50 billion revenue tonne kilometers (RTKs) for Q2 and 5.24 billion RTKs for the first […]
  • Caryn Livingston
  • July 30, 2019

Tripping over tariffs

Temporary disruptor, or catalyst for supply chain revolution? An effortless downswing launches a ball up into the sky where it bisects an incoming China Southern 747 freighter making its final approach toward the nearby airport’s eastern runway. Unbeknownst to the golfer, a footwear executive in town for an urgent supply chain meeting, she has more […]
  • Charles Kauffman
  • July 11, 2019

DHL Global Trade Barometer predicts air trade contraction

The DHL Global Trade Barometer forecasts for global air trade dropped six points from March to a new index of 49, indicating a slight contraction over the next three months.  Most countries are expected to see air trade decline, with the largest contractions expected in Japan (-11 points) and the U.S. (-8 points). Further declines are expected in India […]
  • Brianne Ledda
  • June 27, 2019

North American cross-border airfreight flat in April

Freight as valued in USD between the United States, Canada and Mexico bucked trade tensions to increase 1.8% year-over-year during April. However, that gain was realized primarily from oceangoing vessels, pipelines and trucking, while airfreight – making up the smallest overall modal share at $3.8 billion – was flat compared to April 2018.  Despite the dissolution of the North American […]
  • Caryn Livingston
  • June 25, 2019

Lululemon increasing airfreight ahead of port congestion in Asia

In an effort to get ahead of impending tariff-fueled port congestion, Canadian clothing retailer Lululemon will be increasing its international airfreight shipments before the fall. PJ Guido, Lululemon’s CFO, brought up the shift during a June 12 conference call to discuss Q1 results, when he mentioned that the company expects “gross margin to be flat […]
  • Brianne Ledda
  • June 13, 2019

Chinese investors look to build cargo, logistics center at Croatia’s Osijek Airport

This week, a Chinese delegation visited Osijek in eastern Croatia, where investors are considering building a cargo and logistics center on state-owned land near Osijek Airport (OSI). In a statement from the Chinese Southeast European Business Association (CSEBA), the Croatia-based organization aimed at promoting economic cooperation between China and countries in Southeastern Europe, OSI was […]
  • Caryn Livingston
  • June 13, 2019

Cargo Chat: cargo-partner’s Tolentino optimistic despite trade shifts, tariffs

First it was the 1997 Asian financial crisis. Then came the 2000 “dot-com” crash and the 2008 global financial crisis. In the most recent iteration of “black swan” events to ruffle the feathers of global business, the world has encountered Brexit. Perhaps more comparable to a sitting duck, the Atlantic fowl has found good company […]
  • Chelsea Toczauer
  • June 5, 2019

Global airfreight demand continues slide, with 4.7% drop in April

Those hoping for a springtime turnaround in demand for worldwide airfreight got their hopes dashed today, as the International Air Transport Association (IATA) released its April 2019 cargo figures, showing that the global airfreight market continues to remain weak, with industry-wide freight tonne kilometers (FTKs) dropping by 4.7%, year-over-year, despite some bright spots regionally. Regionally, […]
  • Jeff Lee
  • May 29, 2019

FTKs for Asia-Pacific carriers slide 9.1% in April

Airfreight demand in the Asia-Pacific region continued to suffer the impact of the trade tensions between China and the United States, with preliminary traffic figures from the Association of Asia Pacific Airlines (AAPA) showing a 9.1% year-over-year drop in freight tonne kilometers (FTKs) for April 2019. According to AAPA, the air cargo volumes of its […]
  • Jeff Lee
  • May 27, 2019

China, E.U. sign bilateral aviation agreements

Yesterday, the European Union and China signed bilateral agreements on civil aviation safety and a “horizontal aviation agreement,” allowing E.U. airlines to fly to China from any E.U. Member State with a bilateral air services agreement with China under which unused traffic rights are available. The agreements are expected to expand cooperation between China and […]
  • Caryn Livingston
  • May 21, 2019

CFA: Air cargo trade lanes can adapt to a trade war [VIDEO]

During a roundtable panel discussion at the 8th annual Cargo Facts Asia symposium held last month in Shanghai, executives from Agility and China Southern Airlines discussed the impact of the United States-China trade war on the Asia-Pacific air cargo market. According to panelists, while trade flows have shifted in the region as a result of […]
  • Caryn Livingston
  • May 16, 2019

PSA, SATS sign MOU to enhance sea-air connectivity in Singapore

In an effort to encourage closer cooperation between air and ocean modes, port operator PSA International Pte Ltd. and ground handler SATS Ltd. signed a memorandum of understanding (MOU) today to provide cargo shippers and logistics service providers with better connectivity in the bustling hub of Singapore. The MOU was facilitated by the government agency […]
  • Randy Woods
  • May 9, 2019

Adidas to use more airfreight in 2019 due to ‘supply chain shortages’

It may be Nike that owns the Air brand of sports shoes, but its Germany-based rival, Adidas, may be catching a lot more “air” in the form of airfreight shipments in the next fiscal quarter, due to supply chain shortages that began in Q1 and could possibly affect sales figures for the rest of the […]
  • Randy Woods
  • May 8, 2019
Page 1 of 4412345 » 102030...Last »