Declining in value by 3.3 percent from 2012, the freight forwarding market is facing major challenges as it fights to stay viable in a changing global environment. This is one of the main conclusions of the latest report from Transport Intelligence, Global Freight Forwarding 2014.
A lack of certainty appears to be the case within the freight forwarding market as momentum fails to take hold. In the latest findings, the Stifel Logistics Confidence Index slipped 2.7 points to 55.2. While still above the important 50-level, too many questions remain unanswered – will a strike be averted at the U.S. West Coast ports, what will happen within the sea freight market now that P3 alliance has collapsed? Is economic growth really slowing?
In contrast to robust growth in passenger traffic, air cargo has been in the doldrums since 2010, according to the International Air Transport Association's Economic Performance of the Airline Industry report. IATA launched this report during its 70th Annual General Meeting in Doha, Qatar. The report outlines how air transport is adding value for consumers, the wider economy, governments and investors.
Traditional airfreight has become more difficult to sell. And that is hitting carriers' profits just as passengers are returning and they are laying on more flights.
A designer and developer of colorful cases and covers for cell phones and other wireless devices found that its warehousing and distribution model was old hat. A new logistics services partner brought a new look to things.
Lufthansa Technik and the Commonwealth of Puerto Rico have announced an agreement to create an aviation maintenance, repair and overhaul (MRO) facility to service short-haul and medium-haul aircraft.
Descartes Systems Group, a provider of information systems technology for logistics, has acquired Computer Management USA, a U.S.-based specialist in security filing and air-cargo management services for airlines and their partners.
