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 […]
  • Lewis King
  • June 5, 2017

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 […]
  • Lewis King
  • April 25, 2017

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 […]
  • Lewis King
  • April 20, 2017

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 […]
  • Lewis King
  • April 11, 2017

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 […]
  • Lewis King
  • January 18, 2017

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 […]
  • Lewis King
  • January 9, 2017

EU Airports on track for strong 2016

EU air cargo volumes remained buoyant into the month of November, with exceptions such as Frankfurt reflecting a pilot’s strike, rather than long-term downturns. In the UK, Heathrow’s cargo volumes rose 4.4 percent year-on-year (y-o-y) making it Britain’s largest port, with almost 30 percent of UK exports by value. Heathrow did brisk trade with China, […]
  • Lewis King
  • December 13, 2016

Tough market pressure lowers IAG Q3 operating profit

For the last three months, IAG Cargo saw cargo tonne kilometers rise 5.4 percent, year-over-year, to 1.3 billion, while total tonnes of cargo carried fell 18.8 percent, y-o-y, suggesting that the carrier flew less volume longer distances. This, and other factors, led to a third-quarter decline in operating profits of €1.21 billion before exceptional items […]
  • Lewis King
  • October 28, 2016

Expand Heathrow or lose business, FTA warns, as decision looms

Great Britain will lose airfreight and other related business to the European Union if it fails to remain “connected with its world markets through a global hub,” the U.K. freight advocacy group Freight Transport Association (FTA) warned. Translation: Make a choice between expanding Heathrow or Gatwick, post-haste. “In a post-Brexit world, Britain cannot rely on […]
  • Lewis King
  • October 19, 2016

U.K., China clear unlimited cargo flights

An agreement last week to remove limits on the number of cargo flights between the United Kingdom and China is an encouraging signal that post-Brexit policy makers are serious about exploring, or expanding, trade routes outside of the Euro zone. Additional flights “will provide massive opportunities for our businesses, helping increase trade, create jobs and […]
  • Lewis King
  • October 18, 2016

U.K.-based carriers, airports search for Brexit signs

Last month’s British vote to bow out of the European Union has unleashed political turmoil across the nation. In the logistics industry, responses to the “Brexit” have been less dramatic, but operators are bracing themselves for tough and uncertain times ahead. Initial reactions showed consternation and confusion in the face of an outcome that had […]
  • Ian Putzger
  • August 2, 2016

Can London’s mayor break the airport expansion logjam?

Who says the Brits can’t make a decision on airport expansion? London’s new mayor, Sadiq Khan, who took office in May, has dropped his predecessor’s objections and approved the expansion of London City Airport. The airport has been granted planning permission for its $451.3 million expansion, allowing it to increase passenger traffic from 4.3 million […]
  • Lewis King
  • July 29, 2016

U.K. politicians say further delay on airport expansion costly

Politicians anticipating a long-awaited decision on an expansion of either Heathrow or Gatwick airports have turned up the heat on the U.K.’s new Prime Minister, Theresa May. A report by a cross-party Commons body claims that vacillation over a new runway is costing the UK up to US$7.9 million a day. The pressure has been […]
  • Lewis King
  • July 25, 2016
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