The Stifel Logistics Confidence Index fell into a fifth consecutive month of decline in October. Significantly, the index has now fallen beneath the neutral 50 point mark for the first time since January 2013, with confidence in both the sea freight and airfreight markets plummeting. The Logistics Situation for airfreight was especially bad, declining by 3.2 points to 45.7. The same trends that influenced last month's decline are persisting, with weak emerging market growth, China's financial crisis, and the Chinese shift towards domestic consumption all influencing the trajectory of the index.
American Airlines Cargo has developed a new leasing program for the temperature-controlled unit load device known as CSafe Global RKN. The high-tech units are capable of maintaining a temperature of four to 25 degrees Celsius through long flights and extended hold times.
Today, the Silk Road is just as active a trade route as it was 700 years ago, but there's a certain "back to the future" feel to the most recent projects linking Europe and China. The mode of choice being talked about now is not ocean or air cargo but rail freight.
What seemed like a sure deal may not be a slam-dunk after all. Regulators in the European Union have said they may consider demanding concessions, including the selling off of some assets, with regard to the proposed takeover of TNT Express by FedEx Corp.
As we head deeper into autumn and ever closer toward peak season, the airfreight traffic numbers for August provided some pockets of good news, but offered little encouragement that the current air cargo stagnation has abated. According to reports from the International Air Transport Association (IATA), WorldACD and Drewry, August 2015 provided only the slimmest of indications of hope for better performance at the end of the year.
Upon mention of the Caribbean, most people think of idyllic white-sand beaches, Hollywood pirates, the magical sound of steel drums, a handsomely crafted rum cocktail. But the region ringed by Central America, the northern coast of South America and an arc of island nations stretching toward the tip of South Florida – is more than a picturesque vacation spot. It is becoming a key jumping-off point for cargo flights between the Americas and the rest of the world, including Europe, Africa and now the Middle East.
The latest news, analysis, services and systems regarding air cargo and its impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through air cargo solutions. New technologies that provide information during air shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As air cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using air cargo solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.