HIGHLIGHTS
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WorldACD: Tonnages continue downward trend in early June
June 9, 2023 - The downward trend in air global cargo tonnages has continued into early June, with average rates also continuing the...
IATA lowers projections for cargo revenues and yields in 2023
June 7, 2023 - IATA has revised its expectations for air cargo revenues and yields downward for the year due to increased capacity and...
CLIVE: Air cargo market suffers lowest rates in May since March 2020
June 7, 2023 - Tension is mounting in the global air cargo market heading into the weaker summer months, with general airfreight rates...
Drewry: Seafarer labour market tightest on record
June 7, 2023 - Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation,...
Industrial actions at West Coast ports could rile West Coast operations
June 7, 2023 - Industrial actions at US West Coast ports could trigger more disruptions to supply chain operations although the impact...
Cathay says on-track to recovery as it starts loan repayment to Hong Kong SAR
June 6, 2023 The Cathay Group signalled that the airline is on the "right track" to recovery as it continues to...
IATA: SAF production set for continued growth but needs policy support
June 6, 2023 The International Air Transport Association (IATA) announced its expectation for overall renewable fuel production to...
GEODIS acquires Swiss freight forwarder, International Transport & Shipping Ltd.
June 2, 2023 GEODIS announced that it had acquired the Swiss freight forwarder ITS - International Transport & Shipping L...
WorldACD: Global tonnages down 6% year-on-year in May
June 1, 2023 Global air cargo tonnages partially recovered in the last full week of May after having dropped the week before, while...
IATA: Air cargo demand decline slows in April
May 31, 2023 The International Air Transport Association (IATA) released data for April 2023 global air cargo markets, showing a...
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