The latest data, out today, shows volumes in June were down 8% year on year, while demand was down 7% compared with 2019. Capacity was up 6% over 2021 – but is still 11% down on 2019 levels, according to Clive Data Services, part of Xeneta. Overall, rates remain 129% higher than in 2019, but the m...

The validation is expected to help the private carrier, caught up in heavy financial stress, to expand its cargo-handling reach, which had become a major revenue source for the industry during the pandemic. “The certifications will allow SpiceJet to not only transport mail and cargo on its own air...

Read more... ...

According to them, the end of traditional perishables season, especially Indian mango shipments, also contributed to the cooling of rates. “Air cargo rates from India are currently trending down due to the global demand slowdown,” Joy John, director of air and sea freight at Mumbai-based Jet Fre...

Shippers at Tiaca’s regional symposium in Amsterdam last week claimed a one-stop shop would make it easier for them to switch services when problems arise. “Box lines have bought forwarders, terminal operators, planes and airlines,” said Denis Choumert, chair of the European Shippers’ Counci...

At an Investor Day last week, when FedEx unveiled its ‘Deliver Today, Innovate for Tomorrow’ strategy, Karen Reddington, president, FedEx Express Europe, said 50% of global express trade revenue touched Europe and highlighted FedEx’s position in the region before its €4.4bn acquisi...

Airlines were told on Friday that Fraport’s ground handling arm, BVD, was “severely limited”, owing to traffic peaks, schedule changes and limited staff. “As a further measure to relieve the ground handling services during these traffic peaks and to stabilise handling at FRA, [handler] BVD i...

“The two key words for us are reliability and flexibility,” said Denis Choumert, chair of the European Shippers’ Council. “We need to switch to quicker and more efficient services and want permanent flexibility at the regulatory level,” he told delegates at Tiaca’s regional symposium in ...

It also claims biofuel needlessly increases costs for end users. The group’s surprise condemnation follows a T&E report this week, which appears to suggest a transition to biodiesel, among other next-generation fuels like e-methanol and e-ammonia, would be both affordable and sustainable, noti...

SGL management described the acquisition as a “game-changing step”, as it would “allow for further penetration in segments like technology and pharma and healthcare”, and comes on the back of its 2021 purchase of European freight forwarder Horizon International Cargo, a longstanding partner ...