Day: September 3, 2024
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High Load Factors Indicate Tight Air Cargo Capacity

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

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India’s Port Workers Accept 8.5% Raise, Averting Walkout

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

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