Asia-Pacific airlines saw demand for air freight contract by 5.4% in June 2019. European airlines posted a 3.6% decrease in freight demand in June.
A key part of South Korea’s US$35.2 billion port infrastructure investment will go towards transforming Busan port.
With increased tariffs in the US on many products produced in China, manufacturers are moving production lines to the Dominican Republic.
Hopes of a seasonal turnaround for carriers are sinking fast.
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