Starting with the latest numbers from IATA, which wrap up the reporting on November's performance, the upward trend in air cargo has been confirmed once again. Global airfreight markets registered high demand, measured in freight tonne kilometers (FTKs), that rose by 6.8 percent in November 2016, compared to the same month in the previous year.
North American shippers are experiencing seismic shifts in the global supply chain, as customer demand and increased complexity raise the threat of enterprise risk. Supply lines grow longer and competition increases daily, says Rick Brumett, VP of client solutions at Transportation Insight, a multi-modal logistics provider.
Starting April 4, 2017, American Airlines will begin daily, nonstop widebody service between San Juan Luis Muñoz Marín Airport (SJU) and Philadelphia International Airport (PHL), home of American Airlines Cargo's 25,000-square-foot pharmaceutical facility, the airline announced. The daily Airbus A330-200 widebody route will be in addition to the current two daily narrow-body flights.
Singapore-based offshore services company Vallianz has closed its repair and maintenance shipyard in Singapore, and the move will soon be followed by another closure in the region when Hyundai Heavy Industries closes its Gunsan yard.
UPS has bought into the European truckload brokerage sector with purchase of Freightex, a U.K.-based provider of truckload, less-than-truckload, specialized and refrigerated over-the-road services.
Businesses need and want predictability - particularly when it comes to government regulations. So the fact that the International Civil Aviation Organization (ICAO) updates its Technical Instructions for the Safe Transport of Dangerous Goods every two years is both a blessing and a curse. A blessing because industry knows the changes that are coming, and a curse because there are changes coming.
Dutch market research firm WorldACD has released strong monthly results for late 2016, calling the most recent peak season the most robust since 2009. November U.S.-dollar yields improved by 3.9 percent over the previous month while volumes increased by 6.9 percent, year-over-year (y-o-y), WorldACD reported.
Amazon has filed a patent for a flying warehouse that would deliver packages using a fleet of drones. The "airborne fulfilment centre", patented in the U.S., would consist of a giant airship that remains at high altitude while drones collect packages from it to deliver to locations on the ground.