Tigers “virtual warehouse” circumvents Brexit disruption

A Hong Kong logistics company aims to circumvent Brexit related disruption by storing client’s wares in “virtual warehouses” that “may be physically located between the EU and the UK.” To this end, Tigers Global Logistics has become an Authorized Economic Operator (AEO) in the United Kingdom (UK), and has opened its seventh U.K. office, in […]

British traders say Brexit talks must move faster to prevent disaster

Britain’s economy faces a “disaster,” unless Prime Minister Theresa May’s administration picks up the pace of Brexit negotiations, said Britain’s largest transport trade association, the Freight Transport Association (FTA). “The clock is ticking and we urgently need agreement on the first phase of negotiations so we can move on to crucial issues such as trade, […]

Brexit foreign worker restrictions could scuttle U.K. logistics industry, FTA warns

If Brexit sends foreign workers packing, the U.K.’s freight and logistics sector could grind to a halt, the Freight Transport Association (FTA) warned today. The association is calling for clarification on the Government’s policy paper, released on Monday of this week, regarding the rights of foreign workers in the U.K. after Brexit. “E.U. workers are […]

U.K. aviation, freight groups clash over possible Brexit negotiation delays

A full week after the surprise results of the U.K. general election that denied the Conservative Party a majority in Parliament, more aviation and freight groups are weighing in about possible delays in the negotiations over Great Britain’s planned exit from the European Union, or the “Brexit.” The traditional “Queen’s Speech” that Queen Elizabeth II […]

UK transport industry calls for reconsideration of Brexit

U.K. voters woke this morning to what many are calling a vote of no confidence in British Prime Minister Theresa May and her Brexit agenda. On the campaign trail, May called this a “Brexit election,” and promised tough negotiations with Europe. Ultimately, that plan backfired and her party lost its majority. With voters now clearly […]

Bridges to Breakthroughs: How free trade can survive in a protectionist world

A war on the Korean peninsula would be unthinkable for global supply chains. “If Korea is hit by a missile,” Soo Kyoum Kim, of IDC Research told Bloomberg, “all electronics production will stop.” South Korea’s semiconductor manufacturers supply two-thirds of the world’s electronic memory chips, and it was the country’s indispensability to the global economy […]

Are rising airfreight rates a sign of resurgent global trade?

Airfreight rates ticked back up again in March, up US$0.21 per kilogram, or 6.7 percent over March 2016, as the industry moved out of a seasonal decline in rates that generally follows the holiday surge. Drewry's East West Airfreight Price Index registered an increase of 4 percent, to 87.6 points ($2.84/kg) in March 2017, pulling […]

Brexit, high costs undercut strong Q1 business at K+N

Increased volumes and turnover failed to offset currency depreciation, undercutting a strong showing at Kuehne + Nagel Group and ultimately pushing EBITDA and earnings growth into the red. For the first three months of 2017, K+N’s EBITDA was US$257 million, just shy of the previous year’s numbers, while earnings also fell by approximately $4 million […]

Back in black? European air cargo business boom continues

With the March numbers starting to trickle in from European carriers and airports, early indicators suggest that the air cargo business is on track for yet another great month across the continent. On the airport side, Heathrow saw what it’s CEO, John Holland-Kaye, described as “surging trade.” Meanwhile, Air France-KLM, which has struggled with declining […]

China-UK railroad corridor spells trouble for airfreight

The first container train from China reached the U.K. today, arriving at the London Eurohub in Barking. Completed in 18 days, the rail transit connection threatens to disrupt China-Europe supply chains, with airfreight appearing especially vulnerable. The 10,000- to 12,000-kilometer transit takes 12 to 18 days, depending on the route used, and is attractive for […]

U.K. trade groups call for more details on May’s Brexit vision

The British International Freight Association (BIFA) and The Freight Transport Association (FTA) have joined other economic organizations voicing their positions on Prime Minister Theresa May’s vision for Britain’s future relationship with its European and global trading partners. The BIFA and FTA are underscoring the importance of clear rules of the game, and the industry’s reliance […]

Mauritius heads off Brexit downturn with airfreight rebates

When Great Britain voted to break away from the European Union, many knew the “Brexit” would have far-reaching effects on the world economy – but perhaps not quite this far. The tiny island nation of Mauritius, for example, said it will launch an airfreight rebate program, called the “Speed-to-Market Scheme” (STMS), to incentivize apparel exports […]
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