Posts tagged “Air Freight”

Containerised cargo volumes moved in the deep-sea container shipping market fell a further 2.5% during the final quarter of 2022, marking the traditionally busiest period of the year as the ‘peak season without a peak’. 
Volumes have fallen steadily in the early weeks of 2023 and world trade continues to stumble as economies grapple with persistent inflation and high energy prices, suppressing consumer demand for goods across nearly all economic sectors. 
On the demand side, many carriers and service providers are anticipating a recovery in demand in the second half of the year 
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Industrial action to impact freight movements 
We have received a notification from BIFA regarding the possibility of impacts to movement of freight through ports and airports as a result of planned industrial action by. 
Industrial action is planned to take place on the 1st February 2023 involving members of the Public and Commercial Services (PCS) union . 
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Airfreight rates in the doldrums as carriers look to set their BSA tariffs 
Asian forwarders are reporting sinking airfreight rates, just as airlines look to set out their BSA tariffs. 
Two standard-setting airlines have already set out their BSA rates ex-Asia, according to one source. 
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BIFA names new Director General 
The British International Freight Association (BIFA) has named Stephen Parker as its new Director General to succeed Robert Keen, who will be retiring from full time employment with the trade association in 2023. 
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Airfreight rates out of Asia take a dive as demand from the west is 'subdued' 
Asian forwarders are reporting a large drop in airfreight rates, but don’t believe this is the end of elevated prices, nor a significant fall-off in demand. 
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The new Chief Executive of one of the UK’s largest logistics firms has urged the government to embrace a partnership with port and maritime companies to help meet its objectives on levelling-up, net zero and economic growth. 
Claudio Veritiero, who took over at Peel Ports Group in April, says that businesses in the sector are ideally placed to provide benefits and opportunities across these three national priorities, especially in the wake of Covid-19 and Brexit. 
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According to Transport Intelligence, the global forwarding market exceeded pre-pandemic levels in 2021, but limited capacity and record-high freight rates present a challenging market. Ti predicts that the market will grow 5.7% in 2022, slowing to 3.7% by 2026. 
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Air freight rates ex-Asia rise to new highs 
Air freight spot rates ex-Asia have surged again this week to their highest level this year and some of the highest levels on record, with significant increases from Hong Kong (HKG) and Shanghai (PVG) to North America and Europe. 
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Shippers urged to book early for this peak season 
Cargo owners are being urged to book early for this year’s air and ocean freight peak seasons, with the current strong demand for space and limited capacity likely to extend into next year – along with high prices. 
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