FedEx has added 31 origin countries to its International First service, a priority-shipping option for customers needing critical deliveries to arrive as early as the start of the next business day.
In an announcement that sent waves of protest throughout the freight forwarding industry, New York Gov. Andrew Cuomo proposed a plan late last month to move most of the air cargo operations out of New York City's JFK International Airport and relocate them about 80 miles northwest to Stewart International (SWF) in the lower Hudson Valley. Negative reaction to the proposal was swift.
Airfreight rates from Asia to North America and Europe are expected to rise through to the end of the year following four months of stable pricing, according to the recently expanded Sea & Air Shipper Insight report published by shipping consultancy Drewry.
Even in the worst-case scenario, there will be a rising demand for freighter aircraft over the next 20 years, according to the most recent forecast by Seattle's Air Cargo Management Group (ACMG).
Volumes are expected to be robust among Europe's freight forwarders through next month, according to Danske Bank's latest European Freight Forwarding Index report for September 2014.
Global airfreight volumes continued with robust growth in August, according to the International Air Transport Association. Measured by freight tonne kilometers (FTKs), volumes rose 5.1 percent compared to August 2013. Capacity grew at a slower pace of 3.4 percent from the previous year. This is the second strong month for cargo volumes in a row, following the 6.1 percent year-on-year rise recorded in July.