Airfreight braces for more tariffs as trade war expands [VIDEO]

The news late last week of additional tariffs levied by China on $75 billion worth of U.S. goods and a subsequent increase from 25% to 30% in tariffs imposed by the U.S. on Chinese goods is the latest development in the trade war that has already pushed some supply chains out of China and into […]
  • Caryn Livingston
  • August 26, 2019

Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]
  • Cathy Roberson
  • August 12, 2019

Trade war bites into Atlas’ 2019 income

During its earnings call today, Atlas Air Worldwide Holdings CEO William Flynn revealed that “revenue and earnings in the second quarter were below our expectations, as air cargo volumes and yields were affected in the near term by the widely reported impact of tariffs and trade tensions.” The situation is unlikely to improve in the […]
  • Caryn Livingston
  • August 1, 2019

Delta’s cargo revenue falls 17% during Q219

In its second quarter results announced yesterday, Delta Air Lines reported that its cargo revenue declined by 17% year-over-year during the second quarter to $186 million. However, the airline’s overall revenue was up 8.7% due to cargo’s small share of Delta’s total business.  During the company’s earnings call, Delta’s President Glen Hauenstein said that both volumes and yields declined during the […]
  • Caryn Livingston
  • July 12, 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

Asian carriers report mixed traffic for May

In Asia, Taiwan-based EVA Air and China Airlines reported year-over-year declines, while China-based China Southern Airlines and Air China reported mixed results in their traffic for the month of May. Singapore Airlines, meanwhile, saw a continued decline in its traffic this month.  EVA Air’s cargo traffic, measured in freight tonne kilometers (FTKs) declined 6.0% year-over-year for the Month of May to 300 million FTKs. Load […]
  • Chelsea Toczauer
  • June 19, 2019

Hong Kong Airport’s cargo traffic continued to slide in May

Hong Kong International Airport (HKG) reported that air cargo traffic continued its downward slide in May 2019, slipping 7.3% year-on-year to 405,000 tonnes. Cargo imports plunged 9% compared to May 2018, as trade tensions ramp up between China and the United States. The International Air Transport Association (IATA) found that global cargo demand fell 4.7% […]
  • Brianne Ledda
  • June 17, 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

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

de Juniac’s air cargo priorities for 2019: Trade, global standards, modernization

SINGAPORE — After acknowledging a rather sour start to the year for air cargo, IATA Director General Alexandre de Juniac, in today’s opening address of the 13th World Cargo Symposium, called on governments and the air cargo industry to reverse this trend by focusing on three priorities to expand air cargo demand and maximize economic […]
  • Randy Woods
  • March 12, 2019

Trans-Pacific rates, traffic decline early in 2019

Airfreight traffic among Asia-Pacific carriers is on the decline so far in 2019, defying expectations of increased shipments ahead of the Chinese New Year. Meanwhile, while data from the TAC Index, which publishes weekly average general cargo prices on major global origin-destination pairs, indicates that trans-Pacific airfreight rates between Hong Kong and North America have likewise fallen nearly […]
  • Caryn Livingston
  • March 11, 2019

UPS’ Cindy Miller on the redefinition of ‘customer experience’ in forwarding

There was a time not long ago when the shipment of goods across an international border was considered a matter of grave, time-consuming importance that may take days to resolve. With e-commerce, those days are gone forever as customer expectations are continuing to be more demanding. The concept of waiting the traditional “five to seven business […]
  • Randy Woods
  • October 4, 2018

NAFTA is out, USMCA is in

The United States and its North American trade partners have finally agreed on concrete parameters of a new trade agreement that will replace the North American Free Trade Agreement (NAFTA). The last-minute deal, called the United States-Mexico-Canada Agreement (USMCA), came after over a year of suspense that has intensified over the last month, after the […]
  • Nina Chamlou
  • October 2, 2018
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