Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors from Asia Pacific to Europe were 86% and 88% to North America in July, which is atypically high for this
A planned strike at India’s major ports was canceled after workers accepted a new five-year contract. Nearly 20,000 workers were set to walk out on August 28. Reuters reported that Unions agreed to an 8.5% pay raise over five years, down from their initial 10.6% demand. The deal ends talks that began in 2021 when
Canada’s freight railroads resumed operations after last week’s brief shutdown, which forced more freight into trucks. The rail stoppage led to a surge in truck rates, especially for long-haul intra-Canada shipments. Spot market rates increased by double digits in lanes connecting U.S. West Coast ports and Central Canada, while there was a more than 30%
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