Hitting the wall: Tariffs may bring a premature end to the cargo boom

Air cargo volumes over the past year achieved levels not seen in more than a decade as surging global economies fueled demand and reinvigorated the need for speed. Retailers and manufacturers seem to have been the prime users as increased business brought about by the e-commerce megatrend created the need for fast product delivery. Now, […]

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 […]

Freightos CEO joins industry voices defending international trade

Nullifying the Trans Pacific Partnership would be an “inauguration gift to China at the expense of rapidly developing countries like Vietnam,” said Freightos CEO, Zvi Schreiber. He joins a growing list of industry leaders voicing concern that scuttling the deal would put the U.S. at a disadvantage, while empowering China, in direct contradiction to president […]

Samsung expands into Vietnamese aviation sector

Samsung SDS, the Korean conglomerate’s information and communications technology (ICT) and logistics arm, will enter the Vietnamese market through a joint venture with Aviation Logistics Service, which operates ALS Cargo Terminal – billed as, “the most modern cargo terminal at Noi Bai International Airport.” Following last month’s joint venture with Thailand’s Acutech, the ALS deal […]

TPP signing by all 12 countries, a formality

Last week in Auckland, representatives from 12 Pacific Rim countries signed the Trans-Pacific Partnership (TPP), the world’s largest trade deal. The 12 nations include the United States and Japan, the world’s largest and third-largest economies, which together account for approximatey 40 percent of the global economy according to The Economist. Australia, New Zealand, Canada, Singapore, […]

Lufthansa Cargo committed to Vietnam

With its economic recovery in full swing, Vietnam has been named by Lufthansa Cargo as part of the carrier’s new winter schedule. The American Journal of Transportation said that, after a test phase over the summer, the cargo airline will be flying a 777F weekly to Ho Chi Minh City. The freighter will be departing […]

Forwarders, logistics companies applaud TPP

All 12 countries involved in the five-year negotiation process for the Trans-Pacific Partnership (TPP) have reached a meeting of the minds on the free-trade agreement, as have some airfreight organizations, such as the U.S. Airforwarders Association (AfA), FedEx and UPS. The agreement will cover approximately 40 percent of the global marketplace and will accelerate the […]