Shipping Disruption and E-Commerce Demand Driving Up Airfreight Rates
The start of the airline summer season this month is likely to hit airfreight rates, due to an increasing amount of belly capacity on passenger routes. But right now, despite the major tradelanes not seeing significant changes, there remain pockets of high volumes.
Port of Montreal Labour Negotiations Update
In a statement on April 5, the Maritime Employers Association said that mediation meetings have been scheduled by the Federal Mediation and Conciliation Service for April 8 and 9.
Cargo Companies Start to Reroute Away from Montreal amid Fears of Port Strike
A major transport company has rerouted cargo away from the Port of Montreal over fears of a potential strike, prompting concerns that others may follow in its wake.
Box Logjam at Port of Vancouver as Import Surge Meets Rail Shortages
A surge of imports meeting strained rail capacity has pushed up container dwell times at North American west coast ports, especially in Vancouver.
Finland Strikes Extended for Another Week, Port Disruptions Expected to Continue
The Executive Board of the Central Organisation of Finnish Trade Unions has extended its national program of political strikes for another week.
Shipping Majors Profiteering from EU Carbon Emissions Charge: Study
Shipping giants are profiteering from the EU’s carbon market (ETS), a new Transport & Environment (T&E) study shows. A sample of more than 500 journeys to and from European ports shows that, in nearly 90% of cases, shipping companies are charging customers more than the actual costs of the EU ETS. In one extreme case, the […]
Air Cargo’s ‘Surprisingly Strong’ Start to 2024 Continued in February with Another Double-Digit Rise in Demand and Rates Boost
The global air cargo market’s surprisingly positive start to 2024 continued in February with a second consecutive month of double-digit growth in demand and an uptick in general freight spot rates, according to Xeneta’s latest weekly market analysis.
Leader of Yemen’s Houthis Vows to Attack More Shipping Lanes
The leader of Yemen’s Houthis, Abdul Malik al-Houthi, said on March 14 the group’s operations targeting vessels will escalate to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope.
Cost of ‘Land Bridge’ Alternative to Panama Canal Too High for Carriers
Liner operators say they are unlikely to emulate Maersk in using land transport to circumvent the Panama Canal restrictions, as moving containers by land in the Americas could drive costs up more than 30%.
Freight Rates Could Rebound This Year: Experts
Trucking companies might not have to wait until next year for relief from an extended freight rate downturn.