European Freight Rates Hit New Lows, Signaling a Structural Shift in Global Trade European container freight rates have now fallen to their lowest level since early 2024. The sharp decline highlights an ongoing imbalance in the global logistics market: too many ships, too little demand, and too many uncertainties in trade flows. Several factors are […]
Early Monday morning, a Boeing 747 cargo jet leased by Emirates and operated by ACT Airlines veered off the north runway at Hong Kong International Airport after landing from Dubai. The aircraft crashed through perimeter fencing and struck a security patrol vehicle, dragging it into nearby waters. Tragically, the two airport security personnel inside, aged […]
China–U.S. Port Fees Disrupt Cargo Flows and Push Up Freight Rates LOS ANGELES/SINGAPORE — Oct 17 (Reuters) — New port fees imposed simultaneously by China and the United States are disrupting global cargo operations, reducing available shipping capacity, and raising freight rates, according to industry officials. Starting October 14, ship operators began removing China-linked vessels […]
Stellantis is betting big on U.S. manufacturing, with a $13 billion investment plan across Illinois, Ohio, Michigan, and Indiana. Over the next four years, the automaker aims to boost its North American vehicle output by roughly 50% while creating about 5,000 new jobs. The funding will reopen the once-idle Belvidere plant in Illinois, upgrade multiple […]
U.S. to Impose 100% Tariffs on Chinese Port Equipment The United States will enforce 100% tariffs on ship-to-shore cranes, intermodal chassis, and related cargo handling equipment linked to China starting Nov. 9, according to the USTR. The move follows a Section 301 investigation into China’s maritime and logistics practices, aiming to reduce reliance on Chinese […]
Airfreight Rates Show Summer Slowdown, But Stronger Demand Looms Ahead Airfreight rates out of Hong Kong showed a quiet summer period in August, with rates to North America slightly rising to $5.29 per kg while rates to Europe saw a slight dip to $4.26 per kg. This is down year-on-year due to weaker demand and […]
Silk Way West’s Strategic Fleet Renewal: A Green Future for Air Cargo In a bold move towards sustainability, Silk Way West has taken delivery of its third Boeing 777 freighter, a key part of its ongoing fleet renewal strategy. As part of a five-plane order, this delivery marks a significant step in the airline’s efforts […]
Opportunities for Air Cargo Amid a Tough Outlook Despite the challenges facing air cargo—such as shifting trade policies and rising tariffs—industry experts are optimistic about opportunities. Neel Jones Shah of The Boston Consulting Group believes that while the peak season volumes may dip due to new tariffs and the ending of the de minimis exemption, […]
Riyadh Air partners with SATS for cargo handling Riyadh Air has tapped SATS Saudi Arabia to handle cargo operations across its growing network, starting with King Khalid International (RUH), King Fahd International (DMM), and King Abdulaziz International (JED) airports. The five-year agreement includes a comprehensive approach, with SATS providing cutting-edge cargo handling capabilities, including specialized […]
The end of the de minimis exemption is more than a shipping headache—it’s a structural shock to global logistics. Postal carriers across Europe and Asia are not just pausing U.S. deliveries—they’re scrambling to rebuild customs data flows and compliance software overnight. Small sellers, long reliant on duty-free postal shipping, now face decisions: warehouse locally, absorb […]
