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...“Obviously [the IMO] wanted to stick to a formula that impacted everybody — whether cargo carriers, chemical carriers, all the different divisions of shipping — but the one thing they didn’t take into account...
...French shipping group CMA CGM and carrier Air France-KLM are scrapping an air cargo partnership after struggling to get US approval to operate North American routes and deliver on the project’s promise in...
...“That ecommerce model also creates demand on air freight which we didn’t see before,” he said....
...Air and land freight can’t make up the difference....
...To circumvent the blockades, Serhiy Derkach, Ukraine’s deputy minister for infrastructure, told public broadcaster Suspilne that freight carriers should re-register at some of the other dozen entry and exit...
...Cho said Korean Air and Asiana were being squeezed by an over-proliferation of low-cost carriers in Korea and intensifying competition from regional rivals on Asian and transpacific routes, making consolidation...
...While Chinese officials have called the concerns “entirely paranoia”, it’s worth noting that many of the world’s ports, freight carriers and forwarders, as well as some terminals in the US, use a Chinese...
...Freight rates have also been pushed higher by the disruption, posing an extra problem for the global shipping industry, a bellwether of global trade, following a boom fuelled by the Covid-19 pandemic....
...Capacity is increasing, along with the hope that e-commerce can sustain a steady climb for the air freight sector....
...Carriers have benefited from a resurgence in demand to carry both passengers and freight at a time when fleet growth has been constrained by production difficulties at Boeing and Airbus....
...The sector has benefited from a resurgence in post-pandemic demand which has boosted both passenger numbers as well as freight at a time when fleet growth has been constrained by production difficulties...
...Air freight, often a bellwether for passenger traffic, is also slowing. Marie Owens Thomsen, chief economist at Iata, believes current demand growth may slow in the near future....
...freight rather than shipping....
...US freight railway workers have voted to reject a labour contract that the Biden administration helped negotiate, bringing the country one step closer to a rail strike before the holiday season....
...North Korea’s flag carrier returned to the skies last month for the first time in more than three years, as Air Koryo resumed flights between Pyongyang and Beijing and the eastern Russian city of Vladivostok...
...Freight railway workers nearly went on strike last year over attendance policies that required them to come to work with as little as 90 minutes’ notice, and penalised sick days....
...However, Lufthansa’s large cargo operations are vulnerable to a decline in air freight rates in 2023. Cargo accounted for 30 per cent of adjusted ebit in the third quarter....
...Ryanair now shares the tarmac with military helicopters and Boeing 747 cargo planes operated by freight carriers such as Kalitta and Atlas Air....
...Also, regulators are becoming wary of these alliances, which group the world’s biggest carriers in strategic partnerships....
...Shares in the low-cost carrier surged 10 per cent, spurring rises in other airlines such as Ryanair, Wizz Air and BA owner International Airlines Group....
...The White House was “working with other modes of transportation, including shippers and truckers, air freight, to see how they can step in and keep goods moving in case of this rail shutdown”, press secretary...
...More recently, US food company Cargill announced plans to install two folding sails on the deck of a bulk carrier, built by Mitsubishi in 2017 and chartered by Cargill....
...The kingdom aims to handle 4.5mn tonnes of air freight by 2030, up from an expected 0.8mn tonnes this year....
...Those cargo planes will add to Air France-KLM’s six freight carriers, and the two companies have another combined 12 on order....
...Low cost airlines are reporting record booking sprees, US carriers cannot find enough planes and Air India has placed one of the biggest orders in aviation history....
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