HIGHLIGHTS
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Credit: Crane Worldwide Logistics IATA: Air cargo contraction eases in June
August 7, 2023 - Global air cargo markets recorded its smallest year-on-year demand contraction in June, according to released data from...
Air cargo slowdown has bottomed — but recovery to take time
August 4, 2023 - The slowdown in air cargo volumes has already bottomed, but the recovery path could remain rocky for a bit more,...
Credit: AlisCargo Airlines MSC acquires majority stake in Italian cargo carrier AlisCargo Airlines
August 4, 2023 - MSC has acquired the majority stake in AlisCargo Airlines, a Milan-based air freight carrier. In a joint statement, MSC...
July demand shows a ‘winter of discontent’ for airlines as rates continue to plunge
August 4, 2023 - Shippers will hold the upper hand in the next round of winter airfreight rates negotiations after another month of...
Credit: FLICKR.COM/DONAL MORRISSEY Korean Air expects weak air cargo demand, lower rates in Q3 2023
August 2, 2023 - Korean Air is expecting air cargo rates to drop in the third quarter on the back of weak demand and increased capacity...
Source: Port of Los Angeles Xeneta: Global long-term shipping rates sank to a two-year low in July
July 31, 2023 Long-term ocean freight rates hit a two-year low in July, according to Xeneta, just as record new levels of ships enter...
Source: Port of Prince Rupert Authority Canada dockworkers union reach negotiated deal with employers averting strike
July 31, 2023 Canadian dock workers' union and their employers have reached a tentative labour deal once again after ear...
Source: Incheon International Airport Incheon Airport’s new chief executive sets sight on cargo development
July 28, 2023 The newly appointed chief executive officer of Incheon International Airport, Lee Hak-jae, is making cargo development...
Source: Singapore Changi Airport AAPA: Easing of shipping rates further dampen air cargo volumes in Asia Pacific
July 27, 2023 Asia Pacific airlines recorded another cargo volume slowdown in June as global trade remained muted, and the easing of...
Source: Panama Canal Authority Panama Canal to reduce daily vessel transits due to drought
July 27, 2023 The Panama Canal Authority (ACP) said it would reduce daily vessel transits in the major waterway from July 30, 2023,...
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