FedEx founder and CEO Fred Smith went on Fox Business yesterday to counter the White House’s negative narrative on the already moribund Trans-Pacific Partnership (TPP), and also presented evidence for the positive role of free trade in the U.S. economy. “Trade is what made America great,” Smith told Fox Business Network’s Maria Bartiromo. “About 40[…]
The long, steady march of digitization in the air cargo world took another step forward this month with the International Air Transport Association (IATA) and the United Nations Conference on Trade and Development (UNCTAD) agreement to integrate IATA’s Cargo-XML messaging standard into ASYCUDA World, the UNCTAD automated customs management system used by 90 countries worldwide[…]
After registering a contraction in the third quarter, Dubai International (DXB) cargo volumes recovered in the last three months of 2016, closing out the year at 2.59 million tonnes, up 3.4 percent over 2015’s 2.51 million tonnes. December’s volumes added DXB to a list of airports that saw record numbers for the month, compared to[…]
After launching its first technology accelerator project last year, RocketSpace and Kaleido Logistics are returning for a second Logistics Tech Accelerator, set to begin next month in Vigo, Spain. RocketSpace kicked off the next “cohort” of logistics entrepreneurs this week by announcing 10 promising startups that will take part in the accelerator, representing six countries.[…]
After 10 years at the helm of Etihad, president and CEO James Hogan will step down during the second half of 2017. Hogan has overseen the growth of Etihad from a 22-plane regional carrier into a 120-aircraft global airline, with seven airline equity partnerships that serve more than 120 million passengers per year. In recent[…]
Despite a strong finish of 2016 at airports, and reports of high volumes through December, airfreight rates fell US$0.21, year-over-year, to $3.14 per kilogram in the month, according to Drewry’s latest East West Airfreight Price Index report. The market intelligence firm noted that December “traditionally sees a drop-off in rates” and that “the latest slide[…]
