Airfreight rates for East-West routes reached their highest level so far for the year in October, reaching $2.89 per kilo, as the impact of peak season demand began to be reflected in rising rates, according to Drewry’s latest East-West Airfreight Price Index report.
Dubai-based ground handler dnata, and a consortium of supply chain firms, has successfully completed a proof-of-concept test for a logistics platform that tracks supply chain transactions using hyper-secure blockchain technology. According to stakeholders in the project, the new system can eliminate redundant data and improve visibility and transparency.
Mercedes-Benz, conducting the biggest test using drones to ship everyday items like ground coffee and cellphones, said the mini aircraft completed 100 drop-offs to strategically placed vans in Zurich with a perfect safety record and more deliveries are planned for next year.
On a Tuesday in Mexico City, employees at DSV Air & Sea, S.A. de C.V. were in the middle of a normal workday in the head office when a 7.1-magnitude earthquake struck - killing more than 350 people.
In its most recent quarterly survey of airline business confidence, the International Air Transport Association (IATA) found that 80 percent of airline CFOs and heads of cargo saw an improvement in third-quarter profitability compared with the same quarter of 2016 — making it the strongest outcome IATA has seen in a decade.
In its September report of the Airlines Financial Monitor, the International Air Transport Association (IATA) highlighted several indicators of financial health for global airlines - most notably that profit margins for European and Latin American airlines widened.
A decade-old major highway bridge collapse in Minneapolis still serves as a deadly reminder of the price our nation pays for lack of transportation infrastructure investment.
By all metrics, air cargo enjoyed another great month in August with a 12.9 percent year-over-year increase in volumes for the month alongside even higher direct tonne kilometer (DTK) growth of 14.6 percent, with WorldACD noting the average distance between origin and destination points for airfreight shipments continues to grow.