Amidst the shockwaves emanating from last month’s news of the bankruptcy filing of Hanjin Shipping came speculation of a potential silver lining for air cargo carriers. Would the scramble for cargo originally booked on Hanjin vessels provide a windfall for airlines, with a surge in demand to drive up rates and yields? Other than a[…]
DHL Supply Chain’s appetite for growth through acquisitions is continuing apace, with news today that the global logistics company is taking full ownership of Italian MIT Safetrans, which bills itself as, “the leading Italian logistics provider for highly specialized and high added-value niche markets.” Neither company disclosed the value of the deal. The acquisition enhances[…]
Concurring with similar conclusions from analysts at Drewry and WorldACD, the International Air Transportations Association (IATA) determined that August showed some encouraging signs of recovery in the global airfreight market, although some regions remain stagnant. Data for the month of August indicated a 3.9 percent, year-over-year, rise in demand for worldwide airfreight services, measured in[…]
Brandon Fried is the executive director of the U.S. Airforwarders Association. When it comes to the screening and inspection of cargo, U.S.-based airfreight forwarders have become experts on the topic and its challenges. Physically screening 100 percent of air cargo on passenger flights to and from all U.S. airports has been one of the most[…]
When word spread through social media that rebel factions in the Turkish Army had taken both bridges crossing the Bosporus, Ömer’s mind jumped to airfreight arriving at Istanbul’s Atatürk Airport and containers sitting on the docks at a port to the city’s south for which he was responsible. “Containers were left on the dock, everything[…]
The target for the electronic air waybill (e-AWB) keeps getting readjusted to be easier to reach each year, yet the industry continues to fall short in its adoption rates. So far, 2016 appears to be no different. As we move into October, carriers are on track to miss IATA’s e-AWB penetration goal of 56 percent[…]
