Automation, capacity, economic woes top supply chain trends report

With the continuing rise of e-commerce demand despite lackluster economic growth, supply chain professionals are most concerned about lack of capacity and rising costs in e-commerce, according to research firm EyeForTransport (EFT), which released its “Supply Chain Hot Trends 2019” report this week. Based on a global survey of 765 supply chain professionals, including retailers, […]

Panalpina Q1 EBIT falls 7.4% for air segment on heels of DSV purchase

Today, Panalpina released its first-quarter results for 2019, following its recent acquisition by its fellow-Swiss rival DSV, in which it delivered double-digit growth in operating profit of 15% to $US28.1 million, year-over-year. However, performance was a bit less eye-popping when breaking down the results segment by segment. Its Air Freight segment saw volumes increase by […]

Shanghai, Emirates Top 2019 ACE Awards

Correction: When this story first ran in April 2019, finalist carrier Turkish Airlines was misidentified as being in the “Up to 999,999 Tonnes” annual throughput category as a winner of a Certificate of Excellence for its 101-point ACE score. In fact, Turkish Airlines handled more than 1.4 million tonnes of cargo in 2018, so it should have been placed […]

Cargo is in the doldrums, IATA and WorldACD February results show

This week, February data was released by both the International Air Transport Association (IATA) and WorldACD, bolstering worries that airfreight demand is on a steady decline. “Cargo is in the doldrums with smaller volumes being shipped over the last four months than a year ago,” said Alexandre de Juniac, IATA’s Director General and CEO. IATA […]

Drewry: Air rates dropped 10 percent in Feb.

Drewry’s most recent East West airfreight price index reflects the downturn in demand for airfreight in the first quarter of 2019 being experienced internationally by many airports and carriers. Its report for the month of February shows that rates dropped 10 percent to US$2.47, year-over-year, and 15 percent between January and February. The decline is […]

Cargo traffic falls 12 percent among Asian carriers in Feb., says AAPA

The Association of Asia Pacific Airlines (AAPA) released its February traffic results today, showing that year-over-year growth rates for regional carriers are no longer flat, but in double-digit decline. Average traffic measured in freight tonne kilometers (FTKs) of member airlines dropped by a whopping 12 percent during the month compared to the same time last year.   The seasonal closure of businesses […]

Pearce: No growth for the last 12 months is ‘something to worry about’

SINGAPORE – Economic reports are often a mixed bag. For every positive sign, there are several lurking omens that could spell disaster. On March 12 at IATA's World Cargo Symposium (WCS), Brian Pearce, chief economist at IATA, addressed the current economic conditions of the air cargo industry, and it was hard to read his assessment […]

Can integrated trade survive in these protectionist times?

SINGAPORE – At IATA's World Cargo Symposium (WCS), speaker Brian Pearce, chief economist at IATA, said at the “Enabling Global Trade” panel discussion that he thought the industry was “at a dangerous junction, because in many ways, I think the West is moving away from that model that is the integrated world that we were […]

WorldACD: Air cargo volumes in Jan. down, but specific industry volumes grew

WorldACD’s analysis for January bolsters the emerging theme of year-over-year drops in air cargo traffic – with the month showing a 2 percent decline in volume, y-o-y, as well as a decrease in overall yield, measured in U.S. dollars, of 2.5 percent. Breaking the picture down to specific channels, however, there are each some observable […]