Business
Global chargeable weight in February 2020 fell - on a like-for-like basis - by nearly 9% versus 2019 as the air cargo industry suffered the dramatic consequences of the novel coronavirus on world trade. Market analyses by CLIVE Data Services for last month shows that conducting a basic year-on-year comparison of airfreight volumes would have produced a decline of close to 2%. However, adjusting the analyses for the fact ...
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Fallout from the COVID-19 outbreak has affected almost all businesses in Hong Kong but the many trade-focused small and medium-sized enterprises (SMEs) face a stiffer challenge than most as prolonged factory shutdowns in Mainland China have weighed on the global supply chain network.
Meanwhile, Hong Kong, ...
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Air France, KLM, Delta and Virgin Atlantic entered into an expanded partnership that enhances carrier networks – a benefit for cargo customers. The enhanced network is built around the carriers’ hubs in Amsterdam, Atlanta, Boston, Detroit, London Heathrow, Los Angeles, Minneapolis, New ...
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The International Air Transport Association (IATA) announced that its initial assessment of the impact of the Novel Coronavirus 2019 outbreak (COVID-19) shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region. Considering that growth for the region’s airlines was forecast ...
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Drewry Shipping Consultants Limited recently report that DP World has recently announced its intention to delist from Nasdaq Dubai citing the board’s decision that the disadvantages of remaining listed outweigh the advantages. Even though Drewry executives share the company’s view, they state that they ...
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Forwarders and hauliers now have enough clarity to start preparing for a post-Brexit business landscape, according Peter MacSwiney, chairman of Customs clearance solutions provider Agency Sector Management (ASM).
There is limited time to implement the systems needed to tackle trade friction following the UK Government’s announcement ...
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The New York Shipping Exchange (NYSHEX), whose vision is to increase ocean reliability through more effective digital contracting, announces the launch of an enhancement allowing shippers and carriers to utilize the NYSHEX framework and technology to secure, monitor and enforce ocean contracts signed outside of ...
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House Republican Whip Steve Scalise (R-La.) announced that the U.S. Army Corps of Engineers 2020 Work Plan includes critical funding for infrastructure projects in Louisiana, including $85 million to deepen the Mississippi River to 50 feet.
"After years of hard work, I'm very glad that the ...
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Liebherr's port handling machine is specifically tailored to meet the customer's requirements. For example, the uppercarriage has not been seated in the conventional manner, centrally on the rail mounted portal. Instead it has been positioned off-center, towards the side facing the sea. With its ...
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The Port of Savannah moved 4.6 million TEUs in Calendar Year 2019, an increase of nearly 250,000 TEUs (5.6%) compared to the previous year, Georgia Ports Authority (GPA) Executive Director Griff Lynch said Tuesday.
"This record-breaking accomplishment is thanks to a dedicated team of professionals ...
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