Logistics technology company Freightos has announced the launch of its freight rate calculator, a tool that taps into international market rates to offer real-time FCL, LCL, air and trucking door-to-door freight estimates. The calculator is currently being launched as a public beta, Freightos says.
The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said last week.
The Civil Aviation Administration of China (CAAC) said it would grant an air operator's certificate (AOC) to Guangzhou-based China Air Cargo Corporation, unless there was a credible objection by November 18.
Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd, top shipping executives said.
IAG Cargo has announced the launch of two new London Gatwick routes to North America - bringing the total number of IAG Cargo-operated U.S. gateways to 25 in Summer 2017. A Fort Lauderdale service is due to launch in March 2017 and will operate four times a week, and an Oakland flight will also launch in March 2017 on a three-per-week basis.
Sometimes all it takes is a shift in strategy from a single carrier to make an impact on airport freight traffic. Qatar Airways Cargo, for instance, has been ramping up its airfreight routes for the last couple of years, seeking more high-value cargo, such as pharmaceuticals, and forming joint ventures with other airlines, such as IAG. Qatar achieved such growth via "fleet and network expansion, innovation in our technology, creative interline agreements and by deploying capacity on expanding or untapped markets," said Ulrich Ogiermann, the carrier's chief cargo officer.
Seaborne shipments passed 10 billion tons for the first time ever in 2015, up 2.1 percent from 9.8 billion tons the year before - the slowest pace of growth in the industry since 2009, according to the UNCTAD Review of Maritime Transport 2016. The report says future growth looks uncertain.
Cathay Pacific Airways has launched a twice-weekly freighter service to Portland International Airport (PDX) - the Hong Kong-based airline's 18th cargo station in the Americas. The service runs every Thursday and Saturday, Cathay Pacific says, using its newest and biggest freighter, the Boeing 747-8F.
The EU is frontrunner in the world's robotic race, but by 2019 China will have taken over, according to the latest forecast from the International Federation of Robots. More than 1.4 million new industrial robots will be installed in factories around the world by 2019.
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