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THE Diary was sad to hear of the death of Andy Goram, a truly inspirational cricketer for Scotland, also remembered for his aptitude between the…

Supply chain and logistics news

Companies in desperate hunt for aircraft to move cargo Seller’s market means strong bottom lines for airlines, high rates for shippers 0 3,250 11 minutes read A forklift driver repositions an airfreight pallet, in front of a row of air containers and a cargo jet. (Photo: Jim Allen/FreightWaves at DFW Airport) ( Updated May 12, 10:15 P.M. ET with DHL Forwarding details on rail service) The airfreight market is so saturated that companies without precommitments, or the stomach to pay...

Rates Shoot Higher Shipping rates are steadily climbing with demand outstripping supply in many areas. The China and Hong Kong markets are leading the way on price strength, while others are more dynamic. In some cases, prices are even higher than during the PPE rush of spring 2020 when air cargo capacity worldwide contracted more than 40%.  The Baltic Air Freight Indices showed an increase of almost 17% in April from March largely driven by China and Hong Kong exports.  By the end of April, ...

April air cargo volumes bounce back Global air cargo demand bounced back into growth in April after a -3% dip in March. With high load factors keeping the international airfreight system under significant strain as the traditional surge in summer capacity has so far failed to materialise for a second consecutive year, say industry analysts CLIVE Data Services and TAC Index. CLIVE’s first-to-market weekly and monthly air cargo market data shows volumes in April up 1% over April 2019 an...