Geopolitical Uncertainty Dominates Concerns for Air Freight Industry in 2024
Geopolitical risks are seen as the primary concern for forwarders and the air freight industry in 2024, according to delegates at the ACE air freight forwarding event in Abu Dhabi. While disruptions in the supply chain can boost air freight, there's a consensus that the health of all transport sectors, including maritime, is crucial for the long-term sustainability of the global economy, with geopolitical tensions impacting logistics and creating uncertainty.
Supply chain issues in the global aviation sector are starting to improve, but it may still take a couple of years to fully resolve them, according to industry experts at the Singapore Airshow.
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
Efficiency in e-commerce shipping is crucial, and Delta Cargo and SmartKargo have joined forces to tackle common pain points for small parcel shippers.
Maersk is expanding its services to cover the entire supply chain, including air cargo operations.
FedEx is anticipating a significant loss of business with the U.S. Postal Service when its current contract expires.
New Delhi, India's capital, experienced extremely poor air quality as a thick layer of toxic haze covered the city, leading to the closure of some schools.
A report by The New York Times sheds light on an increasing number of near-collisions and safety incidents in the aviation industry.
As air cargo demand stabilizes and capacity increases, shippers are now in a better position to negotiate air freight rates, with a focus on securing low-rate levels for longer periods.
The U.S. Postal Service has drastically decreased its air cargo shipments by 90% over a two-year period, leading to an estimated $1 billion in annual transportation cost savings, according to U.S. Postmaster General Louis DeJoy.
As winter approaches, shippers are expected to have the advantage in air freight rate negotiations due to declining demand and spot rates in the air cargo industry.
Los Angeles International Airport (LAX) has chosen a consortium led by Realterm, the largest manager of on-airport air cargo real estate in North America, to undertake a revolutionary cargo improvement project.
Airlines' cargo revenue is experiencing a significant slump, with Delta, United, and American reporting year-over-year declines of about 40% in their second-quarter cargo revenue.
The rise of online ticket booking revolutionized the way people purchase flights, offering transparency and convenience.
During the Paris Air Show, Boeing and Airbus have been focusing on customer orders for new passenger aircraft, with limited activity in the freighter sector.
Airbus forecasts that over the next 20 years, approximately 40,850 new jets will be delivered by aircraft manufacturers as airlines expand their fleets and replace older planes with more fuel-efficient models, with Asia being a significant driver of this growth.
Smoke from severe wildfires in eastern Canada has caused a significant decline in air quality across the US, impacting states as far west as Minnesota and as far south as South Carolina.
Quality standards organization Cargo iQ has partnered with the International Federation of Freight Forwarders Associations (FIATA) and the Airport Services Association (ASA) to collaborate on enhancing standard practices in the air cargo supply chain.
Troubles from the 2022 travel season continue to haunt Americans as they prepare for the upcoming summer travel period.
Southwest Airlines pilots have voted overwhelmingly to authorize a potential strike, adding to the challenges the carrier is already facing.
Steamship lines are diversifying their services and seeking a larger share of the global logistics market by entering the rapidly growing air cargo market, according to the International Air Transport Association.
Flying is expensive and will likely remain so for a while. One of the most significant factors affecting airline costs is the price of fuel.
Carriers have announced plans to modernize their operations by eliminating paper trails.
According to studies, a fear of flying affects nearly 40% of the American population - and 5% of that group refuse to get in an airplane.
In February, a FedEx cargo plane narrowly missed a Southwest Airlines jet by passing over the plane on the jetway.
Globalization is a complex and multifaceted process that involves the integration of economies, cultures, and societies across national boundaries.
Notice to Air Missions, or NOTAM, is a vital tool used by pilots and air traffic controllers to ensure safe and efficient flights in the United States.
In a November 17th earnings call, Gap CFO Katrina O’Connell credited lower air freight rates to the company’s improved operating margins during Q3.
Air Partner Group took on the huge project when agreeing to move a replacement aircraft engine, empty stand, tooling, lifting beam, and a 48-ton mobile crane from Miami, Florida to the Azores.
Two new weekly flights have been scheduled between Greenville-Spartanburg Airport (GSP) in South Carolina and Incheon Airport (ICN), increasing the air market accessibility between Asia and the Southeast region of the United States.
Peter Penseel, a veteran in air logistics, has stepped down as deputy CEO of CMA CGM Air Cargo, leaving the airline without an experienced air freight specialist.