Busiest day for air traffic so far in July

In July, NATS handled 252,173 flights in UK airspace, an increase of 0.9% on July 2018. There was growth in many areas of the operation, especially non-transatlantic international overflying traffic and transatlantic overflights, increasing by 6.5% and 5% respectively. Traffic grew at seven of the 13 airports where NATS provides the air traffic control service, […]

NRF: US Imports Reach 2 Mn Containers in a Single Month

Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China.

Trade tensions dampen air freight

Cargo demand grew 2.7 percent for the month compared with the same 2017 period, down from the 5.2 percent year-over-year growth rate seen in April and 4.2 percent uptick in May, but still up a full point from March’s 1.7 percent pace, according to the latest data from the International Air Transport Association. The March […]

Reefer rates rise

Drewry says freight rates for cargo moving in refrigerated containers have risen since the beginning of 2017. The London consultant says in contrast to its global freight index for “dry”containers, which has fallen 14 percent between the first quarter of 2017 and the second quarter of this year, its global reefer container freight rate index […]

Panjiva reports record-high monthly import volumes for July

July shipments, at 1,096,835, topped June’s 1,025,643 and were up 6% annually for a new monthly record, according to Panjiva, topping August 2017’s 1,069,292. All months in 2018 have seen growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. […]

Outpacing market in trans-Pac gains, OOCL warns of tariff impact

The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. (This article requires registration at the Journal of Commerce. To access, please click on the above link)

Trade War Target Practice: China Will Punish These American Businesses Next

Last week, President Trump announced that the proposed 10% tariff on $200 billion worth of China imports would be more than doubled to 25% in order to offset any change in currency prices. China warned that they are not going to take this sitting down, and said they have $60 billion worth of tariffs of […]

Container Shipping – Survival of the Fittest

The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand.

US importers face perilous trans-Pac peak season

US importers are facing a perilous peak season in the trans-Pacific this year, with many likely to be forced to pay significantly higher rates to get goods onto ships that in many cases are nearly sold out. Ocean carriers in certain cases are holding the line on weekly minimum quantity commitments (MQC) as they have […]