Month: November 2024

Articles

Global Schedule Reliability Slips to 51.4% in September

In September, global schedule reliability reached the lowest level the industry has seen in 24 months, declining 1.2 percentage points to 51.4%. Schedule reliability has remained between 50% and 55% in 2024 but has been trending downward since May. Nonetheless, low levels of volatility in schedule reliability in 2024 have afforded shippers a reasonably good

Read More »
Articles

Top 20 Airports Handle 42% of the World’s Cargo

Cargo traffic remains concentrated at the world’s main hub airports, with the top 20 airports handling around 42% of global volumes, despite a -3.2% decline year-over-year, according to ACI World. Global air cargo volumes fell by -1.8% in 2023 to 115 million tonnes, but top airport rankings remained steady. Hong Kong held first place, followed

Read More »
Articles

Blank Sailings Drive Rate Hikes on Asia-Europe Routes

Asia-Europe spot freight rates temporarily rose after 15 weeks of decline as carriers implemented general rate increases (GRIs) on ex-Asia shipments. Drewry’s World Container Index (WCI) showed an 8% rate jump on Shanghai-Rotterdam routes and an 11% rise on Shanghai-Genoa routes. Despite this uptick, industry experts are seeing the increases as temporary. Market feedback suggests

Read More »
Articles

US$3 Billion Investment for U.S. Ports in 27 States

The U.S. government is awarding US$3 billion in investments to strengthen the country’s port infrastructure, boost jobs, and reduce pollution at 55 ports across 27 states and territories. The US$3 billion investment will fund “… battery-electric and hydrogen-powered human-operated and human-maintained equipment, including over 1,500 units of cargo handling equipment, 1,000 drayage trucks, 10 locomotives,

Read More »
Categories
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.