Aging infrastructure for marine ports, inland waterways and airports threatens more than a million U.S. jobs according to a new Failure to Act report from the American Society of Civil Engineers (ASCE).
International Civil Aviation Organization authorities have encouraged the more than 700 officials that convened in Montreal for its High-level Conference on Aviation Security to adopt new airfreight security measures. A risk-based approach to cargo safety is key, ICAO personnel reiterated during the conference.
Global freight forwarder and logistics provider Damco is moving its headquarters from Copenhagen, Denmark to The Hague, Netherlands. The move, which should be completed in first quarter 2013, brings Damco closer to the heart of the European logistics community and supports its strategy to become a Top Five industry player in the years to come.
North American freight volumes continued to drop off, and on a year-over-year basis, shipment volumes were down 1.1 percent from last August. This is the third time this year freight shipments have fallen below the level for the same month in 2011. Freight volumes grew 9.9 percent during the first half of the year, but after two months of consecutive contraction, the annual growth has fallen to 8.0 percent.
FedEx is changing its aircraft on the route between Memphis and Queretaro, Mexico to a Boeing 757-200 and will operate five times weekly, increasing its capacity in the market by 50 percent. Jorge Torres, recently named president of FedEx in Mexico, stated: "The decision to increase our cargo capacity is in response to our strategy to become a real business partner with the business in the region, offering competitive services at very reasonable prices ... The decision to increase our cargo capacity responds to our strategy of listening to our clients and their solicitation in a quick way."
In the most recent Global Market Forecast from Airbus, the European aircraft manufacturer projected that the global aviation sector will generate a demand for 3,000 freighters by 2031. This figure, which represents a near doubling of the global freighter fleet, will be propelled by increased urbanization and economic growth in emerging regions, according to Airbus.
Despite Middle Eastern carriers recording a 16-percent, year-over-year, increase in freight demand in July, global cargo markets shrunk 3.2 percent, year-over-year, according to International Air Transport Association statistics. IATA partially attributed this decline to a comparison with a "relatively strong" July 2011, but said global trade growth is still sluggish.
Barry Prentice, professor of supply chain management at the University of Manitoba, believes that airships will play a key role in the movement of cargo in the years ahead. Here's why.
Six months after the Civil Aviation Administration of China gave CDI Cargo Airlines the green light to launch operations, the carrier has commenced B737-300 service from its Hangzhou Xiaoshan International Airport hub to Changchun, via Qingdao. And although Asian cargo has been rather sluggish lately, CDI Cargo's Alex Zhang feels that the carrier is poised for success.