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SearchInput_mobile__mZBXZ"><input class="SearchInput_input__Qob4K" placeholder="Search" type="text"/><button class="SearchInput_icon__7Dc8_" title="search"><span class="material-symbols-outlined">search</span></button></div></form></div></div></header><main id="main" class="main"><div class="PaddingContainer_wrapper__FWKgD"><div class="FullPageContainer_container__SQNsL"><div style="--left-column-width:2fr;--right-column-width:1fr" class="DoubleColumnContainer_wrapper__OOLmD"><div class="DoubleColumnContainer_left__v2CWC"><div class="c-page-header"><div class="c-page-header__breadcrumbs"><div class="c-breadcrumbs"><div class="c-breadcrumbs__item"><a href="/" class="c-breadcrumbs__link"> Home </a></div><div class="c-breadcrumbs__item"><span class="material-symbols-outlined">chevron_right</span><a href="/air-cargo" class="c-breadcrumbs__link c-breadcrumbs__link--active "> air cargo </a></div></div></div><h1 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-jumbo-fluid)">Air Cargo</h1><div class="c-page-header__description"><span>Get the latest air cargo news and analysis with JOC. From carriers to trends, get insights into air freight news, air cargo shipping, and more.</span></div></div><div class="c-topic-links c-topic-links--layout-grid c-topic-links--border-thin"><h2 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-2);margin-bottom:var(--spacing-s)">Subsections</h2><ul class="c-topic-links__links"><li class="c-topic-links__link" style="padding:var(--spacing-s)"><a href="/air-cargo/air-cargo-carriers-news" class="ButtonLink_link__YfHeV" target="" style="padding:0">Air Cargo Carriers News</a></li><li class="c-topic-links__link" style="padding:var(--spacing-s)"><a href="/air-cargo/air-cargo-forwarder-news" class="ButtonLink_link__YfHeV" target="" style="padding:0">Air Cargo Forwarder News</a></li></ul></div><h2 class="Heading_heading__h8IMw Heading_bold__h_y9l Heading_dark__jmb5G" style="font-size:var(--font-size-2)"><i>The latest Air Cargo News & Analysis</i></h2><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/string-of-market-uncertainties-helped-drive-strong-q4-for-expeditors-5946972" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5946966_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5946966_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5946966_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">String of market uncertainties helped drive strong Q4 for Expeditors</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Michael Angell, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The forwarder reported solid results to close 2024 as unknowns linked to US longshore labor, tariff policy and changes to de minimis rules fueled trans-Pacific freight demand.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trans-Pacific</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/scotlands-prestwick-airport-tested-by-chinas-e-commerce-giants-5943653" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5943647_0.1.JPG?format=jpeg&w=640 640w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=750 750w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=828 828w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=1080 1080w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=1200 1200w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=1920 1920w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=2048 2048w, /images/phoenix/5943647_0.1.JPG?format=jpeg&w=3840 3840w" src="/images/phoenix/5943647_0.1.JPG?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Scotland’s Prestwick airport tested by China’s e-commerce giants</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The first in a series of “development flights” loaded with packages from Hong Kong landed at the Scottish west coast airport this week with a view to launching scheduled weekly services in March.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/europe-joins-us-in-call-for-end-to-e-commerce-de-minimis-exemption-5943108" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5943111_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5943111_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5943111_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Europe joins US in call for end to e-commerce ‘de minimis’ exemption</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/senate-confirms-sean-duffy-as-secretary-of-transportation-5932456" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5932452_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5932452_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5932452_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Senate confirms Sean Duffy as Secretary of Transportation</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Laura Robb, Associate Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The former Wisconsin congressman and Fox Business host was confirmed by a 77-22 vote on Tuesday.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trucking News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Rail News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North-American rail</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-rates-fall-out-of-asia-despite-rising-volume-on-us-europe-trades-5929332" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5929340_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5929340_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5929340_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo rates fall out of Asia despite rising volume on US, Europe trades</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Average rates hit a 2024 high in early December but have declined steadily since, with not even an early Lunar New Year able to prevent the slide.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/closure-of-heavy-lift-airline-heightens-concerns-over-aging-global-fleet-5929259" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5929258_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5929258_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5929258_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Closure of heavy-lift airline heightens concerns over aging global fleet</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Airbus’ sudden shutdown of its heavy-lift subsidiary is pushing aviation experts to investigate alternative options to ensure lifts for outsized and project cargo loads are maintained.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Breakbulk News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Energy projects</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Project cargo</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/qatar-cargo-launches-transformative-digitalization-drive-for-air-containers-5922546" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5922550_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5922550_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5922550_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Qatar Cargo launches ‘transformative’ digitalization drive for air containers</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The Doha-based carrier will expand the digital connectivity of its containers to improve real-time visibility across the global cargo and passenger network.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/cbp-seeks-industry-input-on-rules-curbing-low-value-shipment-abuse-5921942" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5921934_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5921934_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5921934_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">CBP seeks industry input on rules curbing low-value shipment abuse</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The US is seeking to amend rules regarding so-called de minimis shipments, which have skyrocketed since the pandemic.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/ex-asia-air-freight-capacity-constraints-to-persist-in-2025-5919369" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5919380_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5919380_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5919380_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Ex-Asia air freight capacity constraints to persist in 2025</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Capacity will continue to be the greatest challenge facing cargo owners moving goods from Asia by air this year.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/cass-acquires-international-freight-invoice-auditing-tool-to-widen-modal-reach-5914637" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5914642_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5914642_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5914642_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Cass acquires international freight invoice auditing tool to widen modal reach</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The deal will see Acuitive Solutions’ AcuAudit product integrated into Cass’ freight audit and payment platform, one widely used by large shippers.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/risks-coming-fast-as-global-supply-chain-shifts-nervously-into-new-year-5910627" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5910592_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5910592_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5910592_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Risks ‘coming fast’ as global supply chain shifts nervously into new year</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">William B. Cassidy, Senior Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Whether it be geopolitical crises, labor unrest or the wild card of a second Trump administration, the global supply chain will face no shortage of unknowns in 2025.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/tight-capacity-high-demand-expected-to-push-air-cargo-costs-higher-in-2025-5909563" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5909547_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5909547_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5909547_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Tight capacity, high demand expected to push air cargo costs higher in 2025</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">As the supply-demand imbalance drives air freight rates to levels not seen in two years, forwarders are trying to balance the contractual requirements of airlines while securing capacity at reasonable rates for customers.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-payment-provider-acquires-advent-emodal-5905331" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5905330_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5905330_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5905330_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo payment provider acquires Advent eModal</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Advent eModal, a three-decade landmark provider of fee collection and appointment scheduling at container terminals, has been sold by private equity group Blackstone to air cargo software specialist CargoSprint.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Drayage</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Port infrastructure</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">North American ports</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Marine terminals</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/capacity-shortage-aging-fleet-to-clip-air-cargo-wings-in-2025-iata-5905147" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5904555_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5904555_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5904555_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Capacity shortage, aging fleet to clip air cargo wings in 2025: IATA</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">While cargo volume is expected to grow 5.8% next year, the airline association is warning that aircraft supply chain issues will raise costs, possibly limiting that growth.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/trans-atlantic-air-cargo-rates-take-off-as-capacity-shifts-to-asia-5904256" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5903987_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5903987_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5903987_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Trans-Atlantic air cargo rates take off as capacity shifts to Asia</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Airlines repositioning freighter aircraft from the trans-Atlantic to the more profitable Asia market combined with a seasonal decline in belly cargo on the Europe-US route have pushed rates on the trade lane near a two-year high.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-freight-users-forced-to-better-manage-heavily-imbalanced-market-5877101" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5877098_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5877098_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5877098_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air freight users forced to better manage heavily imbalanced market</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Air cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/peak-of-peak-season-lifts-rates-demand-in-global-air-freight-market-5874197" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5874200_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5874200_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5874200_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">‘Peak’ of peak season lifts rates, demand in global air freight market</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The first week of December is traditionally when demand for air cargo reaches its highest level, and this year a wide imbalance between demand and available space is pushing up already elevated prices.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/freightos-e2open-link-up-on-air-freight-e-bookings-for-forwarders-5822867" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5822872_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5822872_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5822872_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Freightos, e2open link up on air freight e-bookings for forwarders</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">By connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/china-logistics-giant-sf-holding-launches-793-million-hong-kong-ipo-5820741" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5820740_0.1.png?format=jpeg&w=640 640w, /images/phoenix/5820740_0.1.png?format=jpeg&w=750 750w, /images/phoenix/5820740_0.1.png?format=jpeg&w=828 828w, /images/phoenix/5820740_0.1.png?format=jpeg&w=1080 1080w, /images/phoenix/5820740_0.1.png?format=jpeg&w=1200 1200w, /images/phoenix/5820740_0.1.png?format=jpeg&w=1920 1920w, /images/phoenix/5820740_0.1.png?format=jpeg&w=2048 2048w, /images/phoenix/5820740_0.1.png?format=jpeg&w=3840 3840w" src="/images/phoenix/5820740_0.1.png?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">China logistics giant SF Holding launches $793 million Hong Kong IPO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Surface</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-peak-season-elevates-as-chinese-export-rates-hit-2024-high-5787362" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5787358_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5787358_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5787358_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo peak season elevates as Chinese export rates hit 2024 high</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/asia-europe-air-cargo-demand-jumps-while-de-minimis-scrutiny-hampers-trans-pac-5778528" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5783729_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5783729_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5783729_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Asia-Europe air cargo demand jumps while ‘de minimis’ scrutiny hampers trans-Pac</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/value-of-schenker-takeover-will-manifest-in-expanding-services-dsv-ceo-5778478" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5778363_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5778363_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5778363_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Value of Schenker takeover will manifest in expanding services: DSV CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/dsv-kn-post-solid-q3-revenue-gains-but-profit-margins-under-pressure-5772669" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5772678_0.1.JPG?format=jpeg&w=640 640w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=750 750w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=828 828w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=1080 1080w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=1200 1200w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=1920 1920w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=2048 2048w, /images/phoenix/5772678_0.1.JPG?format=jpeg&w=3840 3840w" src="/images/phoenix/5772678_0.1.JPG?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">DSV, K+N post solid Q3 revenue gains, but profit margins under pressure</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/savvy-air-cargo-shippers-use-strategic-rate-space-deals-to-offset-capacity-constraints-5751658" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5751653_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5751653_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5751653_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Savvy air cargo shippers use strategic rate, space deals to offset capacity constraints</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">A year of disruption has been on-the-job training for air freight shippers that are now battle-hardened and prepared for a tough end-of-year peak season.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/government-board-approvals-clear-way-for-dsv-db-schenker-merger-5740954" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5740946_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5740946_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5740946_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Government, board approvals clear way for DSV-DB Schenker merger</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Deutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container Shipping News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5733645_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5733645_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5733645_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">DB Schenker customers spooked by DSV takeover welcome at DHL: CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5730872_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5730872_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5730872_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">DSV takeover signals end to 150 years of DB Schenker brand</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Trans-Pacific</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/limited-air-freight-capacity-available-for-us-port-strike-driven-cargo-shift-5730770" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5730898_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5730898_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5730898_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Limited air freight capacity available for US port strike-driven cargo shift</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Eight straight months of double-digit volume growth and a massive increase in trans-Pacific and Asia-Europe e-commerce volumes, mostly shipped from China by air, has left air cargo capacity in short supply.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/lure-of-robust-asian-peak-season-a-magnet-for-air-cargo-capacity-5728658" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5728212_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5728212_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5728212_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Lure of robust Asian peak season a magnet for air cargo capacity</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Sustained demand for air cargo on the trans-Pacific and Asia-Europe trades and the promise of rising rates through the end-of-year peak are encouraging airlines to pull capacity from less-lucrative lanes.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/robust-e-commerce-demand-a-gift-for-air-cargo-carriers-airline-executives-5726546" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5726553_0.1.PNG?format=jpeg&w=640 640w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=750 750w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=828 828w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=1080 1080w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=1200 1200w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=1920 1920w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=2048 2048w, /images/phoenix/5726553_0.1.PNG?format=jpeg&w=3840 3840w" src="/images/phoenix/5726553_0.1.PNG?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Robust e-commerce demand a gift for air cargo carriers: airline executives</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Still, the buoyant mood of carriers contrasts with global forwarders that have low levels of exposure to e-commerce shipments and are under pressure to find capacity for traditional customers.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/brace-for-impact-warning-as-air-cargo-heads-into-historic-peak-season-5725527" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5725526_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5725526_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5725526_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">‘Brace for impact’ warning as air cargo heads into historic peak season</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Eight straight months of double-digit volume growth in global air freight markets has kept freighters full and flying at peak utilization, and continued demand is expected to outstrip available capacity through Q4 and beyond.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/cathays-a350-groundings-to-upset-hong-kongs-overheated-air-cargo-market-5717966" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5717873_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5717873_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5717873_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Cathay’s A350 groundings to upset Hong Kong’s overheated air cargo market</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The extent of the disruption to air freight schedules is not yet apparent, but the loss of the belly cargo space, even for a short period, comes at a particularly inconvenient time.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/cma-cgm-air-cargo-launches-trans-pacific-flights-from-hong-kong-to-chicago-5712881" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5712880_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5712880_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5712880_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">CMA CGM Air Cargo launches trans-Pacific flights from Hong Kong to Chicago</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Keith Wallis, Special Correspondent | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">The service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/us-cbp-increasing-scrutiny-of-customs-brokers-as-e-commerce-exposure-rises-5707019" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5707018_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5707018_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5707018_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">US CBP increasing scrutiny of customs brokers as e-commerce exposure rises</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Eric Johnson, Senior Technology Editor | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">A flood of duty-free shipments from Asia has upped the ante on brokers having broad knowledge of the upstream supply chains used by their importer clients.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Transport, Trade and Regulation News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Supply chain</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Logistics Technology News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-shrugs-off-seasonality-to-ride-wave-of-e-commerce-demand-5705136" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5705134_0.1.jpg?format=jpeg&w=640 640w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=750 750w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=828 828w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5705134_0.1.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5705134_0.1.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo shrugs off seasonality to ride wave of e-commerce demand</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Chinese online marketplaces have hit on a rich vein of business-to-customer volumes, with the current boom in international air freight driven by cross-border e-commerce rather than a recovery of traditional manufacturing.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/air-cargo-thrives-on-e-commerce-disruption-driven-demand-5703214" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5703215_1.0.jpg?format=jpeg&w=640 640w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=750 750w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=828 828w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5703215_1.0.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5703215_1.0.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Air cargo thrives on e-commerce, disruption-driven demand</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/no-sign-of-slowdown-in-ongoing-air-cargo-peak-season-5703118" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5703119_1.0.jpg?format=jpeg&w=640 640w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=750 750w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=828 828w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5703119_1.0.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5703119_1.0.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">No sign of slowdown in ongoing air cargo ‘peak season’</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/bullish-fundamentals-portend-solid-peak-season-for-air-ocean-markets-5703070" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5703071_1.0.PNG?format=jpeg&w=640 640w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=750 750w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=828 828w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=1080 1080w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=1200 1200w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=1920 1920w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=2048 2048w, /images/phoenix/5703071_1.0.PNG?format=jpeg&w=3840 3840w" src="/images/phoenix/5703071_1.0.PNG?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">Bullish fundamentals portend solid peak season for air, ocean markets</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.</div><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Maritime</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Forwarder News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Air Cargo Carriers News</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Container lines</span></span><span class="Label_label__WyZz7 Label_default__Pe_Vx"><span role="link" style="cursor:pointer">Forwarding</span></span></div></a></div><div class="HorizontalCard_card__m_kFd" data-cy="horizontal-card"><a href="/article/high-ocean-demand-from-asia-shows-signs-of-peaking-dsv-ceo-5703080" class="HorizontalCard_wrapper__vePDl"><div class="HorizontalCard_imageWrapper__vI_1_" style="aspect-ratio:1 / 1" data-cy="image-wrapper"><img alt="" loading="lazy" decoding="async" data-nimg="fill" class="HorizontalCard_image__XC0zN" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="100vw" srcSet="/images/phoenix/5703081_1.0.jpg?format=jpeg&w=640 640w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=750 750w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=828 828w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5703081_1.0.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5703081_1.0.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">High ocean demand from Asia shows signs of peaking: DSV CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain.</div><span class="Label_label__WyZz7 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/images/phoenix/5703085_1.0.jpg?format=jpeg&w=828 828w, /images/phoenix/5703085_1.0.jpg?format=jpeg&w=1080 1080w, /images/phoenix/5703085_1.0.jpg?format=jpeg&w=1200 1200w, /images/phoenix/5703085_1.0.jpg?format=jpeg&w=1920 1920w, /images/phoenix/5703085_1.0.jpg?format=jpeg&w=2048 2048w, /images/phoenix/5703085_1.0.jpg?format=jpeg&w=3840 3840w" src="/images/phoenix/5703085_1.0.jpg?format=jpeg&w=3840"/></div><div class="HorizontalCard_content__zyMKI"><h3 class="HorizontalCard_title__ZuoCy" data-cy="title">High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO</h3><div class="AuthoredLine_wrapper__GcVa2" data-cy="meta">Greg Knowler, Senior Editor Europe | </div><div class="HorizontalCard_description__PMXhF" data-cy="description">Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.</div><span 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From carriers to trends, get insights into air freight news, air cargo shipping, and more.","topics":[{"Id":"14","Name":"Air Cargo Carriers News","Menu":true,"MetaTitle":"Air Cargo Carriers News | Journal of Commerce","MetaDescription":"Stay informed with air cargo carriers news. Journal of Commerce covers updates on air cargo carriers, air craft carrier capacity, rates routings and technology.","JocCategories":"Air Cargo Carriers News","ParentId":"3","Position":13,"Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Menu":true,"MetaTitle":"Air Cargo Forwarder News | Journal of Commerce","MetaDescription":"Journal of Commerce offers extensive air freight forwarder news and analysis of air cargo forwarding, including topics such as strategies, capacity, services.","JocCategories":"Air Cargo Forwarder News","ParentId":"3","Position":14,"Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"breadcrumbs":[{"Id":"3","Name":"Air Cargo","Menu":true,"ParentId":null,"Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"Position":3,"__typename":"TaxonomyDictionary","Children":[{"Id":"14","Name":"Air Cargo Carriers News","Menu":true,"ParentId":"3","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"Position":13,"__typename":"TaxonomyDictionary","Children":[]},{"Id":"13","Name":"Air Cargo Forwarder News","Menu":true,"ParentId":"3","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"Position":14,"__typename":"TaxonomyDictionary","Children":[]}]}],"firstSection":[{"Id":"5946972_JournalOfCommerce","Attachments":[{"FileName":"5946966_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFrontloading of air and ocean cargo pushed earnings higher for Expeditors International during the fourth quarter as a litany of uncertainties from port labor to tariffs to geopolitics prodded shippers to move their freight as quickly as possible. \u003c/p\u003e\u003cp\u003eThe trans-Pacific forwarder reported Q4 2024 earnings of $1.68 per share, up 54% from a year ago and well above the $1.43 S\u0026amp;P Capital IQ consensus estimate. Revenue for the quarter was up 30% to $2.95 billion, beating the consensus estimate of $2.8 billion. \u003c/p\u003e\u003cp\u003eExpeditors Chief Executive Jeffrey Musser said in a statement Tuesday the results were driven by “strong demand from Asia, along with heavy de minimis-driven e-commerce business and increased demand for technology products” that helped drive an 11% year-on-year gain in air freight kilos during the fourth quarter. \u003c/p\u003e\u003cp\u003eMusser said Expeditors moved its most air freight since the end of 2021. The company’s air segment saw revenue rise 22% year over year in the fourth quarter to just over $1 billion. \u003c/p\u003e\u003cp\u003eThe forwarder’s ocean freight volumes increased 14% during the quarter, with segment revenue rising 77% year over year to $908 million. Along with higher volumes, Musser said Expeditors was able to capitalize on the spread between its contract rates with ocean carriers and rates shippers paid to move freight during the quarter. \u003c/p\u003e\u003cp\u003e“Strong demand generally for ocean transportation combined with longer transit times and capacity issues caused by the disruptions in the Red Sea resulted in significant increases in overall average buy and sell rates and growth in volumes,” Musser said. \u003c/p\u003e\u003cp\u003eThe knock-on effect of higher volumes across air and ocean freight also drove a 9% revenue increase in Expeditors’ customs brokerage and related services business. \u003c/p\u003e\u003cp\u003eMusser said it was unclear whether the market volatility will ease given the uncertainty about US polices on de minimis shipments, new tariffs from the Trump administration and whether ocean carriers will resume Red Sea transits anytime soon. He added that “geopolitical words and actions are driving disruption at a faster pace than we can ever recall, and national policies regarding tariffs and other similar measures are highly unclear in many countries around the globe.” \u003c/p\u003e\u003cp\u003eSeparately, Musser announced that he will step down from the chief executive role in March and be replaced by Daniel Wall, Expeditors’ president of global geographies.   \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Michael Angell at \u003c/i\u003e\u003ca href=\"mailto:michael.angell@spglobal.com\"\u003e\u003ci\u003emichael.angell@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Trans-Pacific forwarder Expeditors reported Q4 2024 earnings of $1.68 per share, up 54% from a year ago. 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Le Roux estimates that China’s top four online marketplaces were responsible for sending 1,000 metric tons of e-commerce to UK airports from Hong Kong every day. \u003c/p\u003e\u003cp\u003e“That is just Temu, Shein, Tik Tok and Alibaba and I’m not even talking about the hundreds of tiers two and three platforms,” he said. “We started interacting with one of the second-tier platforms and they are also supporting the Hong Kong Air Cargo flights.” \u003c/p\u003e\u003cp\u003eBut even as Prestwick pursues its e-commerce hub goals, there are two sizeable challenges facing the airport: how to fill the backhaul flights to make freighter services more commercially viable and \u003ca href=\"https://www.joc.com/article/europe-joins-us-in-call-for-end-to-e-commerce-de-minimis-exemption-5943108\"\u003ethe looming clampdown on the so-called de minimis exemption\u003c/a\u003e on low-value packages that threatens to disrupt the e-commerce air cargo model. \u003c/p\u003e\u003ch3\u003eChicken-egg situation \u003c/h3\u003e\u003cp\u003eLe Roux acknowledged the chicken-egg situation regarding filling outbound flights, with Scottish exporters of seafood requiring frequent, scheduled flights for their high-value cargo. \u003c/p\u003e\u003cp\u003e“There are huge volumes of seafood and whisky leaving the UK for global markets and most of that traffic is transferred south to Heathrow by road or air for export, and for good reason,” he said. \u003c/p\u003e\u003cp\u003e“When we speak to these producers and exporters, frequencies [of flights] are of the utmost importance and they use Heathrow because if they miss a flight, there’s another two or three flights to the same destination on the same day,” le Roux added. \u003c/p\u003e\u003cp\u003eOffsetting fewer services, however, is Prestwick’s selling point that revolves around one of the most important commodities in air freight — time. E-commerce cargo from arriving flights goes into a bonded warehouse where it is consolidated all the way down to package level and handed over to last-mile provider Royal Mail. \u003c/p\u003e\u003cp\u003e“In doing that, we save between 12 and 18 hours in processing time and shippers save on the trucking time to Heathrow,” le Roux said. “Exporters can take that shelf life back for their products, and we are seeing a lot of interest from seafood shippers and forwarders. \u003c/p\u003e\u003cp\u003e“Whisky doesn’t have the shelf-life issues of seafood, but the distillers we have spoken to are all looking for more frequent flights from Prestwick to Asia,” he added. \u003c/p\u003e\u003ch3\u003eRising de minimis scrutiny \u003c/h3\u003e\u003cp\u003eOvershadowing Prestwick’s e-commerce hub aspirations is the growing scrutiny of imports from China that fall below the de minimis value threshold of £135 ($168) in the UK and €150 ($155) in the European Union. This means those imports enter the market duty free, which has led to growing concerns from the retail industry that online platforms are being given an unfair competitive advantage over local business. \u003c/p\u003e\u003cp\u003eWhile the UK has yet to take action, the European Commission last week called for the removal of the de minimis exemption for low-value parcels. The de minimis issue is also under review in the US. \u003c/p\u003e\u003cp\u003eLe Roux said Prestwick was keeping a close eye on these developments that are already prompting the Chinese retail platforms to build warehouses in the US that will lead to a shift of e-commerce from air to ocean. \u003c/p\u003e\u003cp\u003e“It depends on what the UK and Europe will do, but we will likely follow in the same footsteps, and we need to be prepared for that,” he said. \u003c/p\u003e\u003cp\u003e“Before we make any investments in equipment and infrastructure, we take into consideration the sustainability and longevity of this e-commerce business,” le Roux added. “It is always in the back of our minds.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Hong Kong Air Cargo’s first flight carrying 60 tons of e-commerce arrived in Prestwick this week. Photo credit: Hong Kong Air Cargo. ","__typename":"Metadata"},"ModDate":"1739467394690","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1739457854000","TitlePlainText":"Scotland’s Prestwick airport tested by China’s e-commerce giants","Published":true,"Redirects":[{"Path":"/article/scotlands-prestwick-airport-tested-by-chinas-e-commerce-giants-5943653","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe first in a series of “development flights” loaded with packages from Hong Kong landed at the Scottish west coast airport this week with a view to launching scheduled weekly services in March.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The first in a series of “development flights” loaded with packages from Hong Kong landed at the Scottish west coast airport this week with a view to launching scheduled weekly services in March.","__typename":"Document"},{"Id":"5943108_JournalOfCommerce","Attachments":[{"FileName":"5943111_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe European Commission (EC) has joined the US in calling for the removal of the so-called de minimis exemption for low-value parcels that is a key driver of the massive increase in air cargo imports from China over the past two years. \u003c/p\u003e\u003cp\u003eThe EC wants joint action from member states to address concerns from the surge of unsafe, counterfeit, non-compliant or illicit products entering the European market, with its consumer protection authority launching an unspecified “coordinated action” against Chinese e-commerce giant Shein. \u003c/p\u003e\u003cp\u003e“As e-commerce is booming, we must step up efforts to prevent non-compliant products from entering the EU market and to ensure fair competition for both European and third-country operators,” Maroš Šefčovič, the EC commissioner for trade and economic security, said in a proposal called “A Comprehensive EU Toolbox for Safe and Sustainable E-commerce” that was issued last week. \u003c/p\u003e\u003cp\u003e“Our customs authorities are the first set of eyes at the border so we must equip them with the appropriate instruments to strengthen our enforcement capacities, in close cooperation with other authorities instrumental to checking goods entering the EU market,” he noted. \u003c/p\u003e\u003cp\u003eLast year, 4.6 billion consignments with a value below the European Union’s de minimis threshold of €150 ($155) entered the EU market duty free, mostly from China and double the number recorded in 2023, EC data shows. \u003c/p\u003e\u003cp\u003eIn the US, China accounted for two-thirds of the 1.36 billion de minimis imports last year. De minimis regulations in the US allow one shipment of less than $800 in value to move between a single shipper and single consignee per day duty free. \u003c/p\u003e\u003cp\u003eRemoving low-value products from de minimis exemptions will mean all those millions of daily parcels will need to go through customs checks, a process that would immediately overwhelm the system in both the EU and the US. It is for that reason that soon after the Trump administration removed Chinese low-value products from de minimis rules, the exemption was restored. \u003c/p\u003e\u003ch3\u003e‘Profound’ impact on capacity \u003c/h3\u003e\u003cp\u003eWhile customs officials in the US and Europe search for ways to process the millions of daily packages, air freight analysts are trying to estimate the impact removing de minimis protection would have on the air cargo industry. \u003c/p\u003e\u003cp\u003eNiall van de Wouw, chief air freight officer at rate benchmarking platform Xeneta, said the impact on air freight capacity between China and the US would be “profound,” but he believes e-commerce demand is strong enough to withstand the clampdown. \u003c/p\u003e\u003cp\u003e“E-commerce volumes out of China grew more than 30% last year following similar growth in 2023, so it’s going to take a sledgehammer to crack that level of consumer demand and I’m not sure blocking de minimis alone is enough,” van de Wouw said in a market update this week. \u003c/p\u003e\u003cp\u003e“Products may be slightly more expensive if de minimis is removed, but they will still be cheaper than buying through retailers in the US,” he added. “But delays in receiving the goods due to operational disruptions could have a bigger impact than price because it takes away the attractiveness for consumers.” \u003c/p\u003e\u003cp\u003eJudah Levine, head of research at Freightos Group, noted in a market update Tuesday that 60% of the air freight volume from China to the US comprised e-commerce shipments flown in dozens of daily freighters. \u003c/p\u003e\u003cp\u003e“Total capacity out of China increased 25% year over year in 2024, so closing de minimis to China is expected to drive a sharp drop in volumes and a spike in available capacity,” Levine said. \u003c/p\u003e\u003cp\u003eThat would push down rates not just on the trans-Pacific, but on other trade lanes as significant capacity is released back into the market. But Levine added that with de minimis for China reinstated for now, “rates may not collapse immediately.” \u003c/p\u003e\u003cp\u003eWhat is changing is the supply chain approach used by the Chinese online marketplaces as regulatory scrutiny grows. \u003c/p\u003e\u003cp\u003e“The pause may serve as a wind-down period for [business-to-consumer] small imports from China during which Chinese e-commerce platforms shift away from their heavy reliance on de minimis and air cargo,” Levine said. \u003c/p\u003e\u003cp\u003e“These platforms have already been increasing their use of ocean freight to build up inventories in Mexico and the US and there are reports that for American shoppers, Temu is already promoting items from sellers with US-based inventory,” he added. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"In 2024, 4.6 billion low-value consignments entered the EU market, mostly from China. Photo credit: CactusPilot / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1739385975150","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1739381954000","TitlePlainText":"Europe joins US in call for end to e-commerce ‘de minimis’ exemption","Published":true,"Redirects":[{"Path":"/article/europe-joins-us-in-call-for-end-to-e-commerce-de-minimis-exemption-5943108","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.","__typename":"Document"},{"Id":"5932456_JournalOfCommerce","Attachments":[{"FileName":"5932452_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFormer Wisconsin congressman Sean Duffy received US Senate confirmation Tuesday to serve as Secretary of Transportation in the new Trump administration. Duffy, also a former Fox Business host, was confirmed by a 77-22 vote.\u003c/p\u003e\u003cp\u003eDuffy represented Wisconsin in Congress from 2011 to 2019, during which time he introduced two bills directly related to transportation, neither of which advanced.\u003c/p\u003e\u003cp\u003eDuffy showed interest in issues linked to the trucking industry during his time in Congress and co-sponsored several pieces of maritime-related legislation.\u003c/p\u003e\u003cp\u003eDonald Trump \u003ca href=\"https://www.joc.com/article/former-congressman-tv-host-gets-trumps-nod-to-lead-dot-5820698\"\u003enominated Duffy for the lead role at the Department of Transportation in mid-November\u003c/a\u003e.\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Laura Robb at \u003c/i\u003e\u003ca href=\"mailto:laura.robb@spglobal.com. \"\u003e\u003ci\u003elaura.robb@spglobal.com\u003c/i\u003e\u003c/a\u003e.\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"New DOT chief Sean Duffy previously served as a Republican congressman from Wisconsin. Photo credit: Volodymyr Tverdokhlib / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1738101316060","Taxonomy":{"MainCategory":[{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"10","Name":"Port News","Redirects":[{"Path":"/maritime/port-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"11","Name":"Trucking News","Redirects":[{"Path":"/surface/trucking-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"12","Name":"Rail News","Redirects":[{"Path":"/surface/rail-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"51","Name":"North-American rail","Redirects":[{"Path":"/surface/rail-news/north-american-rail","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Laura Robb, Associate Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1738100414000","TitlePlainText":"Senate confirms Sean Duffy as Secretary of Transportation","Published":true,"Redirects":[{"Path":"/article/senate-confirms-sean-duffy-as-secretary-of-transportation-5932456","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe former Wisconsin congressman and Fox Business host was confirmed by a 77-22 vote on Tuesday. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The former Wisconsin congressman and Fox Business host was confirmed by a 77-22 vote on Tuesday.","__typename":"Document"},{"Id":"5929332_JournalOfCommerce","Attachments":[{"FileName":"5929340_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo rates on the trans-Pacific and Asia-Europe trades have softened through January after the highs of early December, even though volumes on the corridors continue to grow. \u003c/p\u003e\u003cp\u003eData from air freight analyst Rotate shows volume from China to the US rose 3% this week and is 17% higher than the same period last year. Tonnage from Asia to Europe is up 9% week over week and is also 17% higher than a year ago. \u003c/p\u003e\u003cp\u003eAndreas Schaefer, global head of air freight at Toll Group, said there had been a slowdown in e-commerce demand in the first week of January but that has now turned around on both the China-Europe and China-US trades. \u003c/p\u003e\u003cp\u003e“Weeks two and three have seen a recovery of e-commerce demand,” Schaefer told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003e“The industry-wide consensus is that rates will soften slightly after Lunar New Year as general cargo demand will be flat,” he added. Lunar New Year begins Jan. 29. \u003c/p\u003e\u003cp\u003eNetherlands-based air freight analyst WorldACD also reported an increase in tonnage out of Asia in the third week of January, with volume rising 5% compared with the previous week. And while volume is also up 5% year over year, the comparisons are skewed by the later Lunar New Year in 2024 that began on Feb. 10. \u003c/p\u003e\u003cp\u003eAs volume increased in the past couple of weeks, average rates went the other way. But rather than indicating a weakening market, the counterintuitive move was more a reflection of the significantly elevated rate levels seen in December. \u003c/p\u003e\u003cp\u003eSpot rates from Asia to Europe fell 4% sequentially in week three to an average of $4.35 per kilogram and are down 15% compared with $5.14/kg in week 49. Still, the most recent rates are up 31% year over year, data from WorldACD shows. \u003c/p\u003e\u003cp\u003eAsia-to-US tonnage rebounded in week 3 by 7% following an 11% recovery the previous week, but rates were 16% under their early December peak. Asia-US spot rates have fallen for five consecutive weeks to $4.96/kg from their December peak of $6.89/kg, although they remain up 29% year over year. \u003c/p\u003e\u003ch3\u003eHong Kong, Shanghai outbound rates slipping \u003c/h3\u003e\u003cp\u003eTAC Index pricing data this week showed average rates on the busiest lanes out of China continuing to fall both to Europe and the US. Outbound routes from Hong Kong slipped 3% week over week while outbound Shanghai rates dropped 5.4%. Rates from Vietnam were lower both to Europe and the US, although Bangkok and Seoul saw a slight rise in rates to Europe. \u003c/p\u003e\u003cp\u003eRate benchmarking platform Xeneta has forecast that 2025 global air cargo demand will grow 4% to 6% year over year, outpacing global cargo capacity growth of 3% to 4%. But the platform’s chief air freight officer, Niall van de Wouw, said making predictions about such an uncertain market was difficult. \u003c/p\u003e\u003cp\u003e“The lesson these market conditions are forcing all stakeholders to learn is that they cannot rely solely on historical trends as a foundation for purchasing decisions,” he said in a recent air cargo update. \u003c/p\u003e\u003cp\u003e“Heightened market volatility due to rising global uncertainties will continue to impact air cargo demand and this could force air freight rates to fluctuate significantly,” van de Wouw noted, adding that rates this year were starting from a far higher base than in 2024. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Air cargo volume out of Asia in the third week of January was up 5% from the previous week. Photo credit: Cargolux.","__typename":"Metadata"},"ModDate":"1737743414500","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1737740293000","TitlePlainText":"Air cargo rates fall out of Asia despite rising volume on US, Europe trades","Published":true,"Redirects":[{"Path":"/article/air-cargo-rates-fall-out-of-asia-despite-rising-volume-on-us-europe-trades-5929332","__typename":"Redirect"},{"Path":"/article/air-freight-rates-soften-out-of-asia-despite-rising-volume-on-us-europe-trades-5929332","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAverage rates hit a 2024 high in early December but have declined steadily since, with not even an early Lunar New Year able to prevent the slide. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Average rates hit a 2024 high in early December but have declined steadily since, with not even an early Lunar New Year able to prevent the slide.","__typename":"Document"}],"secondSection":[{"Id":"5929259_JournalOfCommerce","Attachments":[{"FileName":"5929258_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAirbus’ closure of its Airbus Beluga Transport operation just 18 months after launch has intensified pressure on the availability of aircraft capable of carrying outsized and project loads.\u003c/p\u003e\u003cp\u003eAirbus Beluga Transport CEO Benoît Lemonnier said in a Jan. 21 letter to customers seen by the \u003ci\u003eJournal of Commerce\u003c/i\u003e that the activities of the company had been terminated “due to economic difficulties,” with the last flight recorded on Jan. 17.\u003c/p\u003e\u003cp\u003eThe company had spent 2024 developing its operations with four 40-metric-ton capacity Airbus BelugaST aircraft and had planned this year to ramp up marketing of its services to forwarders and shippers to carry more cargo for external customers, Lemonnier previously told the \u003ci\u003eJournal of Commerce.\u003c/i\u003e \u003c/p\u003e\u003cp\u003eThe blow compounds the problems of an aging fleet, which is pushing aviation experts to investigate alternative options to ensure lifts for outsized and project cargo loads are maintained.\u003c/p\u003e\u003cp\u003eThey include a European Commission-backed proposal to develop a heavy-lift transport aircraft for both commercial and military use, plus upgrades of existing aircraft such as the Antonov AN-124 Ruslan by Ukraine’s Antonov Airlines.\u003c/p\u003e\u003cp\u003eAir cargo executives speaking to the \u003ci\u003eJournal of Commerce\u003c/i\u003e said the AN-124s, which can carry up to 150 metric tons, are approaching 40 years old, while some of the 129-metric-ton capacity Boeing 747-400 freighters are over 30 years old.\u003c/p\u003e\u003cp\u003eThose two aircraft are the workhorses of the outsized and heavy-lift project cargo sector because of their flexibility and unique capability to load cargo through the nose.\u003c/p\u003e\u003ch3\u003eComing ‘scarcity’ \u003c/h3\u003e\u003cp\u003eAndriy Blagovisniy, global director for air chartering at LP Aero, part of US-headquartered Logistics Plus, listed typical cargoes as oil, gas and other energy related equipment such as power transformers and generators, plus project freight such as aerospace equipment.\u003c/p\u003e\u003cp\u003eHighlighting the potential shortage of heavy-lift capacity, Cargolux president and CEO Richard Forson told the \u003ci\u003eJournal of Commerce\u003c/i\u003e that many 747-400 freighters will be retired over the next five to 15 years. He said Cargolux alone plans to retire 10 of its 30 Boeing 747-400 freighters beginning in 2026. From 2040 onward, Forson said there will be a “scarcity of 747 capacity in the market.”\u003c/p\u003e\u003cp\u003e“Those that are kept flying will come with a much higher maintenance cost,” he said. “Charter rates will reflect that increased cost.”\u003c/p\u003e\u003cp\u003eAirline data shows about 330 747 freighters currently flying; only 80 from 10 airlines are available for non-scheduled charters. \u003c/p\u003e\u003cp\u003eForson said some freight forwarders and industrial customers are starting to realize the impact of the Boeing 747 retirements on the heavy-lift and project cargo market. \u003c/p\u003e\u003cp\u003e“There has always been demand for the 747s nose door capability for project cargo, especially from the oil and gas and aerospace industries,” he said.\u003c/p\u003e\u003cp\u003e“The oil and gas industry needs to transport items that typically don’t fit through the side door, or otherwise it’s a tight fit,” Forson added. “The 747 plays a significant role for this type of industry.” \u003c/p\u003e\u003cp\u003eThe Boeing 777, which has replaced the 747, has just a side door and can only carry about 90 metric tons, meaning it doesn’t have the same flexibility.\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Airbus Beluga Transport unloads a hotbird satellite at Kennedy Space Center. Photo credit: Airbus Beluga Transport.","__typename":"Metadata"},"ModDate":"1737741074467","Taxonomy":{"MainCategory":[{"Id":"8","Name":"Breakbulk News","Redirects":[{"Path":"/maritime/breakbulk-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"31","Name":"Energy projects","Redirects":[{"Path":"/maritime/breakbulk-news/energy-projects","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"33","Name":"Project cargo","Redirects":[{"Path":"/maritime/breakbulk-news/project-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1737734714000","TitlePlainText":"Closure of heavy-lift airline heightens concerns over aging global fleet","Published":true,"Redirects":[{"Path":"/article/closure-of-heavy-lift-airline-heightens-concerns-over-aging-global-fleet-5929259","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAirbus’ sudden shutdown of its heavy-lift subsidiary is pushing aviation experts to investigate alternative options to ensure lifts for outsized and project cargo loads are maintained.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Airbus’ sudden shutdown of its heavy-lift subsidiary is pushing aviation experts to investigate alternative options to ensure lifts for outsized and project cargo loads are maintained.","__typename":"Document"},{"Id":"5922546_JournalOfCommerce","Attachments":[{"FileName":"5922550_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eQatar Airways Cargo has begun to attach digital tags to its fleet of 42,000 air freight containers in a bid to provide real-time visibility and improve equipment utilization in the largest such digitalization project undertaken by an airline. \u003c/p\u003e\u003cp\u003eThe Doha-based carrier said Tuesday it has partnered with Unilode Aviation Solutions, a specialist in the management of unit load devices (ULDs) — the containers used by airlines to transport cargo — to cover the carriage of ULDs across its global freight and passenger network. \u003c/p\u003e\u003cp\u003eMark Drusch, chief cargo officer at Qatar Airways Cargo, described the digitalization move as “transformative” for the carrier. \u003c/p\u003e\u003cp\u003e“We [will be] able to allocate ULDs more effectively across our vast network of destinations, and this in turn will increase asset utilization, reduce costs and contribute to a more sustainable and environmentally friendly operation,” Drusch said in a statement. \u003c/p\u003e\u003cp\u003eAirlines have recognized the long-term benefits of digitalizing their ULD fleets and are making progress. But it is slow going, with challenges that include initial investment costs and standardization across the industry. While temperature-sensitive high-value shipments such as pharmaceuticals are tracked in real time, ULDs stuffed with general air cargo and e-commerce do not enjoy the same level of visibility. \u003c/p\u003e\u003cp\u003e“With this partnership we are confident that it will reshape ULD digitalization across the industry and contribute to a more connected, efficient and sustainable aviation ecosystem,” Unilode CEO Ross Marino said. \u003c/p\u003e\u003cp\u003eUnilode’s tag and reader network will enable real-time visibility and tracking of ULDs while providing Qatar Airways Cargo with enhanced data analytics to improve ULD utilization and further reduce costs. The visibility helps airlines and forwarders monitor the location and status of their cargo, reducing the risk of loss or misplacement. \u003c/p\u003e\u003cp\u003eThe efficient use of ULDs also plays a key role in making air cargo more sustainable and better able to comply with tightening regulations. Load factors can be improved, while better tracking leads to more efficient routing and handling, minimizing the environmental impact. And as regulations become stricter, digital records of ULDs can help ensure compliance with safety and security standards. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Two ULDs fitted with digital tags are prepared for loading on a Qatar Airways Cargo plane. Photo credit: Qatar Airways.","__typename":"Metadata"},"ModDate":"1736876054840","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1736868974000","TitlePlainText":"Qatar Cargo launches ‘transformative’ digitalization drive for air containers","Published":true,"Redirects":[{"Path":"/article/qatar-cargo-launches-transformative-digitalization-drive-for-air-containers-5922546","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe Doha-based carrier will expand the digital connectivity of its containers to improve real-time visibility across the global cargo and passenger network.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The Doha-based carrier will expand the digital connectivity of its containers to improve real-time visibility across the global cargo and passenger network.","__typename":"Document"},{"Id":"5921942_JournalOfCommerce","Attachments":[{"FileName":"5921934_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eUS Customs and Border Protection (CBP) on Monday said it was seeking industry comment on new regulations it wants to implement that would address the growing risk of illicit or counterfeit goods entering the country as low-value imports, also known as de minimis shipments. \u003c/p\u003e\u003cp\u003eThe industry will have 60 days to comment on the proposed rulemaking, announced in September, that seeks to improve the data collection around imports using the de minimis provision. \u003c/p\u003e\u003cp\u003eCBP said it processes more than 4 million de minimis shipments each day, with 2024 volume up nearly 50% from 2023. \u003c/p\u003e\u003cp\u003e“Current regulations require importers to provide minimal information to CBP for these shipments, compared to those required for other types of cargo,” the agency said in a notice. “The overwhelming volume of low-value shipments and lack of actionable data collected pursuant to current regulations inhibit CBP’s ability to identify and interdict high-risk shipments that may contain illegal drugs such as illicit fentanyl, merchandise that poses a risk to public safety, counterfeit or pirated goods, or other contraband.” \u003c/p\u003e\u003cp\u003eCBP said the intent of the rulemaking is to better target high-risk shipments. It is also aimed at revising the current process for entering information on low-value shipments to require additional data elements that would help CBP verify eligibility for duty- and tax-free entry by creating a fully electronic process for filers to transmit data prior to a shipment’s arrival. \u003c/p\u003e\u003cp\u003e“This data will reduce the burden for CBP officers who process these large volumes of shipments, leading to more accurate targeting,” the agency said. \u003c/p\u003e\u003cp\u003eThe rulemaking was announced in September by the Biden administration to address growing unease with the volume of duty-free packages arriving in the US. De minimis regulations allow one shipment of less than $800 in value to move between a single shipper and single consignee per day. \u003c/p\u003e\u003cp\u003eAdvocates for tighter de minimis regulations argue that the process is being misused by e-commerce retailers in Asia to legally avoid duties and taxes. \u003c/p\u003e\u003cp\u003eCBP currently operates two programs — the Section 321 data pilot and entry Type 86 — that mandate shippers and customs brokers provide additional data on de minimis shipments. The benefit of providing more data is enhanced compliance with de minimis regulations and faster clearance of goods. \u003c/p\u003e\u003cp\u003eAccording to CBP’s de minimis dashboard, more than half of all de minimis shipments in 2024 moved via Type 86 entries. The agency also said more than 90% of US imports by bill of lading volume qualify for de minimis, a figure it described as “growing in epic proportions.” \u003c/p\u003e\u003cp\u003eIn August, five US senators introduced a bipartisan bill to curtail the use of de minimis by prohibiting certain product categories from using the duty exemption. The legislation, which remains in committee, would also mandate that de minimis shipments provide additional data to CBP, while increasing penalties for violations. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"De minimis shipments have surged in recent years as e-commerce retailers in Asia use the provision to avoid customs and duties. Photo credit: Tada Images / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1736801595370","Taxonomy":{"MainCategory":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1736797634000","TitlePlainText":"CBP seeks industry input on rules curbing low-value shipment abuse","Published":true,"Redirects":[{"Path":"/article/cbp-seeks-industry-input-on-rules-curbing-low-value-shipment-abuse-5921942","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe US is seeking to amend rules regarding so-called de minimis shipments, which have skyrocketed since the pandemic. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The US is seeking to amend rules regarding so-called de minimis shipments, which have skyrocketed since the pandemic.","__typename":"Document"},{"Id":"5919369_JournalOfCommerce","Attachments":[{"FileName":"5914611_0.1.png","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5919380_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003e\u003cb\u003eThe big picture:\u003c/b\u003e Capacity constraints on outbound air cargo routes from Asia, particularly China, will persist in 2025, with volumes continuing to outstrip available space. Airlines have been postponing the retirement of freighters to cope with booming e-commerce demand in the US and Europe, but many of those aircraft are at the end of their working life, and production delays at both Boeing and Airbus are slowing the arrival of any new capacity. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5914611_0.1.png\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003e\u003cb\u003eA look back:\u003c/b\u003e Air cargo on the two main trade lanes from Asia to North America and Europe was stuck in a perpetual peak season throughout 2024. Following the traditional air freight peak season in the fourth quarter of 2023, hostilities in the Red Sea — and the resulting diversion of container ships around southern Africa — forced shippers of time-sensitive cargo into the air. As planes leaving Asia began to quickly fill up, competition for space emerged from an unexpected source: e-commerce platforms contracting directly with airlines. Even as online shopping demand accelerated during the COVID-19 pandemic, the major e-commerce platforms typically had fulfillment centers in destination markets. Chinese e-commerce giants Temu and Shein changed all that, cutting out forwarders and contracting space directly with airlines to move packages into the US and Europe. US package imports by the end of September were more than 1 billion units compared with 140 million units in 2023, according to a White House briefing, as the platforms made use of its generous “de minimis” value threshold; shipments valued at less than $800 in the US and €150 in the EU are exempt from import duties. The e-commerce platforms in the past year have factored this into their US and EU supply chains, which almost exclusively use air cargo. Although available capacity increased almost 5% during the first 10 months of the year, demand grew more than 12%, according to rate benchmarking and analytics platform Xeneta, pushing global load factors and rates to their highest levels in two years. \u003c/p\u003e\u003cp\u003e\u003cb\u003eA look ahead:\u003c/b\u003e Capacity will continue to be the greatest challenge facing cargo owners moving goods from Asia by air in 2025. As e-commerce siphons off huge amounts of space directly from airlines, forwarders are coming under increasing pressure to secure capacity for their customers shipping traditional cargo. That pressure is often translated into forwarders chartering freighter capacity at a high cost, adding further upward pressure on rates, especially during historical peaks around Lunar New Year and November online sales promotions. Exacerbating ongoing space constraints for shippers is an increasing shortage of intra-Asia capacity as airlines shift planes to the more lucrative long-haul routes. The heavy competition for limited space will likely keep rates elevated throughout 2025. Scrutiny of Chinese online platforms by US authorities is also likely to intensify next year, with plans in place to reform the US de minimis program that will almost certainly be accelerated by the new Trump administration. \u003c/p\u003e\u003cp\u003e\u003cb\u003eThe next inflection:\u003c/b\u003e Even if the US significantly lowers the de minimis value threshold, however, it is unlikely to have any real impact on air cargo demand out of China. The average value order of US e-commerce transactions is about $170, according to Hong Kong-based CEIC economists. More important is a US proposal put forward in September 2024 by the Biden administration that, if adopted, could result in 40% of e-commerce products no longer covered by de minimis regulations and include 70% of textile and apparel exports from China. That would have a significant negative impact on sales via e-commerce platforms that rely on direct shipments to US consumers from China. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Global air cargo volumes grew 12% through October against a 5% increase in capacity. Photo credit: supakitswn / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1736365156417","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1736361914000","TitlePlainText":"Ex-Asia air freight capacity constraints to persist in 2025","Published":true,"Redirects":[{"Path":"/article/ex-asia-air-freight-capacity-constraints-to-persist-in-2025-5919369","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eCapacity will continue to be the greatest challenge facing cargo owners moving goods from Asia by air this year. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Capacity will continue to be the greatest challenge facing cargo owners moving goods from Asia by air this year.","__typename":"Document"},{"Id":"5914637_JournalOfCommerce","Attachments":[{"FileName":"5914642_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eFreight payment and audit provider Cass Information Systems on Thursday said it has acquired AcuAudit, a product it says will enable it to deepen its reach in ocean and air freight auditing. Terms were not disclosed. \u003c/p\u003e\u003cp\u003eThe seller is logistics technology provider Acuitive Solutions, which predominantly serves the retail and high fashion industries with expedited shipment routing, parcel carrier management and auditing tools. Acuitive CEO Phil Marlowe will retain ownership of the rest of the company and serve as an advisor to Cass. \u003c/p\u003e\u003cp\u003eShippers use AcuAudit to audit ocean air freight bills, with an emphasis on understanding how transportation costs factor in a product’s total landed cost. It competes with a range of international freight-focused audit solutions as well as those offered by multimodal audit firms that tend to specialize in truckload invoice auditing. \u003c/p\u003e\u003cp\u003eCass is a part of the latter category as one of the largest audit and payment platforms for US shippers, with an associated index tracking freight economic activity using data from reconciled freight bills. \u003c/p\u003e\u003cp\u003e“The Acuitive team has built a truly exceptional solution to support the advanced needs of global shippers,” Tony Urban, president of Cass’ freight audit and payment group, said in a statement. \u003c/p\u003e\u003cp\u003eMarlowe said AcuAudit’s customers “will benefit from ... being integrated into Cass, with its financial capabilities and global reach.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Cass is predominantly known as a platform to manage audit and payment of truckload invoices. Photo credit: APChanel / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1735848755850","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1735839651000","TitlePlainText":"Cass acquires international freight invoice auditing tool to widen modal reach","Published":true,"Redirects":[{"Path":"/article/cass-acquires-international-freight-invoice-auditing-tool-to-widen-modal-reach-5914637","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe deal will see Acuitive Solutions’ AcuAudit product integrated into Cass’ freight audit and payment platform, one widely used by large shippers.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The deal will see Acuitive Solutions’ AcuAudit product integrated into Cass’ freight audit and payment platform, one widely used by large shippers.","__typename":"Document"},{"Id":"5910627_JournalOfCommerce","Attachments":[{"FileName":"5910619_0.1.png","FileType":"Nondownloadable","Title":null,"__typename":"Attachment"},{"FileName":"5910592_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eA strong but slower expanding US economy is signaling strong growth of import volumes at least until spring and no letup of the air cargo boom, while raising hopes of some semblance of a surface freight recovery. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow float-right-element\"\u003e\u003cimg src=\"/images/phoenix/5910619_0.1.png\"\u003e\u003c/img\u003e\u003c/div\u003e\u003cp\u003eThe specter of labor strife and new tariffs, along with strong sales, is driving US retailers to keep imports surging through the spring, according to the Global Port Tracker (GPT) report from Hackett Associates and the National Retail Federation (NRF), \u003ca href=\"https://www.joc.com/article/us-import-surge-to-persist-into-spring-amid-continued-frontloading-retailers-5878711\"\u003ereleased in early December\u003c/a\u003e. On a year-over-year basis, GPT projects volumes to rocket 12% in January before dipping 4.1% in February due to a difficult prior-year comparison. US imports in March and April will rise 12.7% and 6.6%, respectively, according to the report. \u003c/p\u003e\u003cp\u003eAlthough next year will start strong, based on the polling of NRF members, the rest of the year might be weaker than last year. \u003ci\u003eJournal of Commerce\u003c/i\u003e parent company S\u0026amp;P Global in September forecast total US imports to slip 4.4% in 2025, excluding the impact of any new tariffs. US retail sales will inch up next year by 1.8% compared with a 1.1% expansion in 2025, according to Fitch ratings. \u003c/p\u003e\u003cp\u003eAccording to the most recent data available from PIERS, a sister product of the \u003ci\u003eJournal of Commerce\u003c/i\u003e within S\u0026amp;P Global, US imports climbed 15.3% in November, the 14th consecutive month of year-over-year gains and the sixth straight month of double-digit percentage increases. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"58cfc092-97d6-4457-b816-89968960ca2a\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eNovember also marked the nineteenth consecutive month that US imports exceeded 2 million TEUs. If NRF forecasts come to fruition, December imports will break the pandemic-era record of 19 straight months. \u003c/p\u003e\u003cp\u003eA rush to beat tariffs imposed by President-elect Donald Trump and a strike at US East and Gulf coast ports could sap capacity in the short term, but encouragingly, the overall outlook for vessel capacity is robust. Container lines, for example, are set to deploy a record level of capacity in January — nearly 1.5 million TEUs — between Asia and the US, according to maritime intelligence provider eeSea. \u003c/p\u003e\u003cp\u003e“Once we get to January, whether it’s on the political front, the labor front, the alliance shake-up, everything is coming fast,” Sanjay Tejwani, CEO of consulting firm 365 Logistics, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e, referring to the launch of the new container carrier alliances starting in February. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"7557390e-95a4-48c8-aaa4-b4f5221b945b\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003ch3\u003eRarified air \u003c/h3\u003e\u003cp\u003eIf shippers do get in a pinch, they’ll likely find it even more difficult and more costly to turn to air cargo transport rather than ocean shipping. More than 12 months of double-digit percentage growth in air cargo demand that has outstripped available capacity, combined with constant waves of disruption, is forcing shippers and their service providers to better plan their use of air freight. Chinese e-commerce giants Temu and Shein have fueled much of the growth even as the US and other countries look at tightening up de minimis levels. \u003c/p\u003e\u003cp\u003eUsually regarded by ocean shippers as an emergency option, air cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers. For example, average air cargo rates from Asia to North America hit a 2024 high of $6.61 per kilogram in early December, according to the Baltic Air Index. Shippers are changing their behavior as a result. \u003c/p\u003e\u003cp\u003e“The closing months of 2024 could have been very messy again for shippers, but we are not hearing that,” he said. “That’s not because the volumes are not there, or the flights are not full, it is because everything, overall, is being managed better,” said Niall van de Wouw, chief air freight officer at rate benchmarking platform Xeneta. \u003c/p\u003e\u003cp\u003eThe International Air Transport Association (IATA) \u003ca href=\"https://www.joc.com/article/capacity-shortage-aging-fleet-to-clip-air-cargo-wings-in-2025-iata-5905147\"\u003eforecasts air cargo volume growth will decelerate to an expansion of 6% in 2025\u003c/a\u003e, approximately half the clip seen in 2024. New capacity will also enter the market at a slow rate, with IATA expecting a 6.4% increase compared with a 9.6% expansion in 2024. \u003c/p\u003e\u003ch3\u003eDriving through the doldrums \u003c/h3\u003e\u003cp\u003eOn land, US truckload demand and rates have been anything but volatile. Total truck volumes for the first 10 months of 2024 were 0.7% below the same period in 2023, according to the trucking ton-mile index produced by Jason Miller, Eli Broad professor of supply chain management at Michigan State University. \u003c/p\u003e\u003cp\u003eThe American Trucking Associations (ATA) For-Hire Truck Tonnage Index, based on freight volumes hauled by both truckload and less-than-truckload (LTL) members of ATA, was up 3% from January in October, but the index was choppy and volatile throughout 2024. In October, the index was up 1.2% from September but flat year over year, according to ATA data. \u003c/p\u003e\u003cp\u003eComparatively, truck capacity has been plentiful, as reflected by low spot rates and contract pricing. Shippers reported only occasional market tightness — most often in Southern California, where port volumes absorbed some excess capacity — and no real trouble finding trucks. \u003c/p\u003e\u003cp\u003eCapacity is tighter in the LTL sector, which saw the number of terminals, trucks and drivers shrink after Yellow, then the third-largest LTL provider, went bankrupt in 2023. That company’s shutdown eliminated about 10% of US LTL capacity. With capacity still tight heading into 2025, LTL carriers are pushing increases in the mid- to upper double-digit percentage range in annual contracts. \u003c/p\u003e\u003cp\u003e“We are at a transitionary point in the market,” Ryan Hammett, director of market intelligence and insights at third-party logistics company C.H. Robinson Worldwide, said at the Traffic Club of Chicago Transportation \u0026amp; Logistics Customer Forum in November. \u003c/p\u003e\u003cp\u003e“We’ve been stuck at the bottom of this freight cycle for more than two years now, but there are signs things are changing and we’re moving from a period of oversupply into a little bit more balance,” Hammett said of US truckload capacity. \u003c/p\u003e\u003ch3\u003eSteady on the rails\u003c/h3\u003e\u003cp\u003eInternational intermodal volumes enjoyed a boost last year because of surging freight to the US West Coast, rising by double-digit percentages. Total inland point intermodal (IPI) volumes will end the year between 8.91 million and 9.1 million units, according to a \u003ci\u003eJournal of\u003c/i\u003e \u003ci\u003eCommerce\u003c/i\u003e forecast based on data from the Intermodal Association of North America. \u003c/p\u003e\u003cp\u003eA potential shift of cargo back to the East and Gulf coasts following a finalized longshore contract would put downward pressure on international intermodal growth. If that were to happen, total international intermodal traffic could be flat to slightly down in 2025 across North America. Assuming a gradual shift back to the East Coast, IPI volumes in 2025 will be between 8.9 million and 9.1 million units, according to the \u003ci\u003eJournal of Commerce\u003c/i\u003e forecast. \u003c/p\u003e\u003cp\u003eDomestic intermodal volume grew in 2024 as well, although only by mid-single digit percentages year over year. Given the amount of available container capacity available, another single-digit percentage increase in 2025 could be on the horizon. \u003c/p\u003e\u003cp\u003eThe rise in domestic intermodal volume was a tale of two markets. Demand to move freight out of Southern California was robust in the second half of 2024, but outside the West Coast, growth was minimal or non-existent. Domestic intermodal volumes are set to expand 3% to 4% year over year in 2025, according to the \u003ci\u003eJournal of Commerce\u003c/i\u003e analysis. \u003c/p\u003e\u003ch3\u003eFueling a freight recovery \u003c/h3\u003e\u003cp\u003eFor the past three years, an uptick in US freight demand has often seemed only a few quarters away, but a catalyst for stronger growth has consistently failed to materialize. Ongoing cuts to the US federal funds rate, perhaps coupled with tax cuts, may provide such a catalyst. \u003c/p\u003e\u003cp\u003eIt’s unclear when or how much the US economy and freight demand — which, as the past two years have demonstrated, are not always closely linked — will strengthen in 2025. The inflation rate has slowed, but consumer prices and home mortgage rates remain comparatively high. \u003c/p\u003e\u003cp\u003eMortgage rates are not linked directly to the US federal funds rate, but to the 10-year US Treasury bonds. Cuts to the funds rate by the US Federal Reserve don’t immediately move those bonds. Still, lower mortgage rates are seen as a much-needed catalyst for freight volumes. \u003c/p\u003e\u003cp\u003eLogistics executives hope freight demand may increase even if the overall economy slows, as predicted. The inverse has taken place over the past two and a half years, as the US economy avoided a recession while experiencing a shortfall in freight demand. \u003c/p\u003e\u003cp\u003eS\u0026amp;P Global forecasts US real GDP expansion will drop from 2.7% in 2024 to 2.1% in 2025. Encouragingly, shipper sentiment is showing signs of improving, boding well for 2025 volumes, according to the BlueGrace Logistics Confidence Index. \u003c/p\u003e\u003cp\u003eThe percentage of shippers surveyed by BlueGrace that had a positive view of revenue growth for the next quarter increased from 66% to 68% for the first quarter of 2025. More importantly, the share of respondents with a negative view of revenue growth dropped from 15% in the previous survey to 9%. \u003c/p\u003e\u003cp\u003eThe data points to a complex environment where “optimism is present, but caution prevails,” BlueGrace said. \u003c/p\u003e\u003cp\u003eAside from a jump in production in December, US manufacturing has been relatively weak in 2024, according to the US manufacturing Purchasing Managers’ Index (PMI) report. \u003c/p\u003e\u003cp\u003e“To really say that the market is turned, we’re going to have to see manufacturing come back,” said Vince Paperiello, senior vice president of intermodal at STG Logistics. “We’re going to have to see housing starts coming back.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact William B. Cassidy at \u003c/i\u003e\u003ca href=\"mailto:bill.cassidy@spglobal.com\"\u003e\u003ci\u003ebill.cassidy@spglobal.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The potential for labor strife and new tariffs, along with strong sales, is expected to keep US imports surging through the spring, according to the latest forecast from the Global Port Tracker. Photo credit: Robert V. Schwemmer / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1736375474427","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"William B. Cassidy, Senior Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1734969794000","TitlePlainText":"Risks ‘coming fast’ as global supply chain shifts nervously into new year","Published":true,"Redirects":[{"Path":"/article/risks-coming-fast-as-global-supply-chain-shifts-nervously-into-new-year-5910627","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eWhether it be geopolitical crises, labor unrest or the wild card of a second Trump administration, the global supply chain will face no shortage of unknowns in 2025.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Whether it be geopolitical crises, labor unrest or the wild card of a second Trump administration, the global supply chain will face no shortage of unknowns in 2025.","__typename":"Document"},{"Id":"5909563_JournalOfCommerce","Attachments":[{"FileName":"5909547_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe role of freight forwarders in air cargo is becoming more complex as ongoing capacity constraints and high demand challenges their ability to access space out of Asia, especially on spot market-heavy trade lanes such as Asia-Europe. \u003c/p\u003e\u003cp\u003eAs the supply-demand imbalance drives rates to levels not seen in two years, forwarders are trying to \u003ca href=\"https://www.joc.com/article/air-freight-users-forced-to-better-manage-heavily-imbalanced-market-5877101\"\u003ebalance the contractual requirements of their airline partners while securing capacity\u003c/a\u003e at reasonable rates for their cargo-owning customers. \u003c/p\u003e\u003cp\u003eWith no sign of a slowdown in demand heading into 2025, shippers already taxed by soaring prices should be prepared to pay even more for their air freight next year, according to Niall van de Wouw, chief air freight officer at rate benchmarking platform Xeneta. \u003c/p\u003e\u003cp\u003e“If I was a shipper, I would start managing expectations of the CFO that the spend on air will be higher in 2025 than it was in 2024,” van de Wouw said during an industry outlook webinar this week. \u003c/p\u003e\u003cp\u003eAlso on the Xeneta-organized webinar was Glyn Hughes, director-general of The International Air Cargo Association (Tiaca). Hughes said the scenario now playing out was the opposite of what was seen in 2023 when the excess capacity in the market meant forwarders could get access to space at good prices. \u003c/p\u003e\u003cp\u003e“For the past 13 months, the capacity gap between what has been pre-booked, pre-sold [or] secured for a block space agreement and \u003ca href=\"https://www.joc.com/article/trans-atlantic-carriers-cue-fresh-surcharges-for-early-2025-risks-5908990\"\u003ewhat is available on the spot market has become smaller\u003c/a\u003e,” Hughes said. “But as load factors get even higher, it will be challenging for forwarders to access short term rates at reasonable levels versus the longer-term commitment with the shippers.” \u003c/p\u003e\u003cp\u003eThat was reflected globally in the contractual agreements between forwarders and airlines, with the global load factor of 63% in November at a two-year high, according to Xeneta. The analyst’s data shows shorter-term deals of three months or less fell from 29% of the market in the first quarter to 19% in the fourth quarter, while contracts with 12-month validity increased from 37% of the market in the first quarter to 50% in the fourth quarter. \u003c/p\u003e\u003ch3\u003eRates at two-year high \u003c/h3\u003e\u003cp\u003eAir freight demand rose 10% year over year in November, fueled by the continued boom in e-commerce, while capacity increased by a marginal 2%. That pushed spot rates in November to their highest level in almost two years, Xeneta noted. \u003c/p\u003e\u003cp\u003eThe average Shanghai-North Europe spot rate in the first three weeks of December was $5.2 per kilogram, a level that has not been seen since late 2022, according to the Baltic Air Index (BAI). \u003c/p\u003e\u003cp\u003eKathy Liu, vice president of global sales and marketing at Taiwan-based Dimerco Express Group, said there was \u003ca href=\"https://www.joc.com/article/peak-of-peak-season-lifts-rates-demand-in-global-air-freight-market-5874197\"\u003eno sign of a slowdown in the solid growth in volume out of Asia\u003c/a\u003e as the end of the year neared. \u003c/p\u003e\u003cp\u003e“Starting mid-December, we’ve seen a significant uptick in cargo volumes, particularly for consumer electronics,” she wrote in an air freight outlook. “This is unusual, as the market typically slows down after Dec. 5. However, this year, the peak is expected to extend all the way to late January, just ahead of Chinese New Year.” \u003c/p\u003e\u003cp\u003eOne of the Asia-based airlines benefiting from high demand is Cathay Pacific, which has the added advantage of being based at Hong Kong, the world’s largest air freight airport. In November, Cathay Cargo carried 142,601 kilograms, a 15% increase in volume compared with the same month last year, with the 11-month volume of 1.4 million kilograms up 11% year over year. \u003c/p\u003e\u003cp\u003eSeveral Asian airlines have announced a 10% increase in 2025 contract rates for both long-haul and intra-Asia routes, according to Dimerco. \u003c/p\u003e\u003ch3\u003eTariff-driven bonus for Asian airlines \u003c/h3\u003e\u003cp\u003eWhile no slowdown is expected in the e-commerce-driven boom on trade lanes out of Asia, another air freight-friendly factor for airlines in 2025 will be the tariffs the incoming Trump administration has promised to impose on Chinese imports. \u003c/p\u003e\u003cp\u003eLiu noted that many shippers were rushing to move stock via air freight from China to the US, hoping to beat potential tariff increases before Jan. 20 when Donald Trump takes office. She predicted this would lead to significant growth on the China-Taiwan trade lane as more semiconductors and consumer electronics are shipped from China to Taiwan for assembly, then on to the US to avoid potential tariffs. \u003c/p\u003e\u003cp\u003eHughes also highlighted the potential upside for air cargo from \u003ca href=\"https://www.joc.com/article/new-year-heralds-triple-threat-to-us-container-shipping-5908327\"\u003ean increase in US tariffs on products made in China\u003c/a\u003e. \u003c/p\u003e\u003cp\u003e“If President Trump is putting in 60% or 70% tariffs on a lot more Chinese products, two things will happen. We might see retaliatory measures, which would have an inflationary impact, but we also may see an acceleration of the China-plus-one manufacturing strategy,” Hughes told the webinar. \u003c/p\u003e\u003cp\u003e“If Chinese manufacturers shift more of their final assembly to Vietnam, Malaysia or other parts of Southeast Asia, that could create even more air cargo volumes as production sites are proliferated across Asia,” he added. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Cathay Pacific, based at the world’s busiest airport of Hong Kong, reported a 15% year-over-year increase in volume in November. Photo caption: Debora Himawan / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1734730214780","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1734708614000","TitlePlainText":"Tight capacity, high demand expected to push air cargo costs higher in 2025","Published":true,"Redirects":[{"Path":"/article/tight-capacity-high-demand-expected-to-push-air-cargo-costs-higher-in-2025-5909563","__typename":"Redirect"},{"Path":"/article/tight-capacity-high-demand-to-push-air-cargo-costs-higher-in-2025-industry-executives-5909563","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAs the supply-demand imbalance drives air freight rates to levels not seen in two years, forwarders are trying to balance the contractual requirements of airlines while securing capacity at reasonable rates for customers.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"As the supply-demand imbalance drives air freight rates to levels not seen in two years, forwarders are trying to balance the contractual requirements of airlines while securing capacity at reasonable rates for customers.","__typename":"Document"},{"Id":"5905331_JournalOfCommerce","Attachments":[{"FileName":"5905330_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eCargoSprint, a software company specializing in payments and workflow for the air cargo industry, on Monday announced it has acquired a majority stake in Advent eModal. The stake in the 30-year-old provider of widely used port appointment scheduling and fee collection tools marries a payment and collection software vendor and expands its portfolio to ocean shipping. \u003c/p\u003e\u003cp\u003eThe acquisition, terms of which were not disclosed, marries adjacent aspects of the two businesses, CargoSprint CEO Caro Krissman told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003e“The heart of this is it’s a complementary business that’s similar in size,” he said. “Advent eModal has strong areas that we don’t. We’re a core [accounts payable] platform and they’re a core [accounts receivable] platform. They’re core in ocean and we’re core in air.” \u003c/p\u003e\u003cp\u003eAdvent eModal is predominantly known in the ocean freight space as a technology provider to container terminals, from appointment scheduling to fee collection to shipment lifecycle management tools. The company facilitates collections of fees for the PierPass program in Southern California as well as demurrage collection for a number of terminals. It also operates the equipment management platform chassis.com, among a host of other producers, some of which are customized to specific terminals or shipping lines. \u003c/p\u003e\u003ch3\u003eBridging the services, modes \u003c/h3\u003e\u003cp\u003eAdvent eModal, the result of a merger in 2012 between two competing platforms, is used by more than 85 ports, terminals and liner carriers, as well as 200 container depots globally. The company supports more than 90% of booked container terminal appointments in North America, according to its website. \u003c/p\u003e\u003cp\u003eCargoSprint, meanwhile, was founded in 2012 by former CEO Josh Wolf as a digital payment platform to enable the release of air cargo shipments, which had previously been managed through the issuance of paper checks. It is connected to more than 5,000 cargo facilities and several thousand freight forwarders, the company said in a statement. \u003c/p\u003e\u003cp\u003eIt has since developed a secondary product, called SprintPass, that digitizes the air freight document management process. CargoSprint’s customers are predominantly ground handlers, while it is used by a growing number of cargo airlines, Krissman said. \u003c/p\u003e\u003cp\u003eKrissman was named CEO of CargoSprint in fall as part of a strategic investment from private equity group Lone View Capital. Krissman previously sold his company, INLT, a digital customs broker, to Amazon in 2019. \u003c/p\u003e\u003cp\u003ePrior to its acquisition this week, Advent eModal was owned by a combination of the private equity firm Blackstone, through its ownership of the SSA Marine terminal operating unit, and former CEO Parvez Mansuri, who will stay on as chief strategic officer and a board member. \u003c/p\u003e\u003cp\u003eKrissman said detaching Advent eModal from the terminal operator under which it sat will help the company grow. \u003c/p\u003e\u003cp\u003e“SSA will remain an important relationship,” he said. “They’ll remain a customer. But it’s important for the rest of the market that they are no longer the sole owner. It created a perception in the market they were catering to one operator. And even if that wasn’t true at all, perception can be reality.” \u003c/p\u003e\u003cp\u003eAs part of both the Advent eModal transaction and the Lone View investment, Krissman has lured a number of industry veterans from Amazon and third-party logistics providers. Dave Casey, senior vice president (SVP) of commercial strategy, and Bill Corcoran, SVP of customer success and product management, will both move from Advent eModal to CargoSprint as well. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"CargoSprint, founded in 2012, helps ground handlers and airlines digitize payments from forwarders. Photo credit: Ceri Breeze / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1734366075280","Taxonomy":{"MainCategory":[{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"39","Name":"Drayage","Redirects":[{"Path":"/maritime/port-news/drayage","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"40","Name":"Port infrastructure","Redirects":[{"Path":"/maritime/port-news/port-infrastructure","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"42","Name":"North American ports","Redirects":[{"Path":"/maritime/port-news/north-american-ports","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"43","Name":"Marine terminals","Redirects":[{"Path":"/maritime/port-news/marine-terminals","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1734346800000","TitlePlainText":"Air cargo payment provider acquires Advent eModal","Published":true,"Redirects":[{"Path":"/article/air-cargo-payment-provider-acquires-advent-emodal-5905331","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAdvent eModal, a three-decade landmark provider of fee collection and appointment scheduling at container terminals, has been sold by private equity group Blackstone to air cargo software specialist CargoSprint. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Advent eModal, a three-decade landmark provider of fee collection and appointment scheduling at container terminals, has been sold by private equity group Blackstone to air cargo software specialist CargoSprint.","__typename":"Document"},{"Id":"5905147_JournalOfCommerce","Attachments":[{"FileName":"5904555_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe sustained demand that has kept air cargo in peak season mode all year is heading into a difficult 2025 with the capacity outlook clouded by aging aircraft, delivery delays of new planes and a backlog of orders, according to the International Air Transport Association (IATA). \u003c/p\u003e\u003cp\u003eCargo volumes are expected to reach 72.5 million metric tons next year, a 5.8% increase from 2024, IATA noted in its annual industry review this week. But aircraft supply chain issues will raise costs and could limit market growth, warned IATA Director-General Willie Walsh. \u003c/p\u003e\u003cp\u003e“Supply chain issues are frustrating every airline with a triple whammy on revenues, costs and environmental performance,” Walsh said. “Load factors are at record highs and there is no doubt that if we had more aircraft they could be profitably deployed, so our revenues are being compromised.” \u003c/p\u003e\u003cp\u003eNew aircraft are urgently needed to both cater to growing cargo and passenger markets and to replace aging fleets. IATA data shows the average age of the global fleet now stands at a record 14.8 years, up from the 13.6-year average over the past 24 years. \u003c/p\u003e\u003cp\u003eYet aircraft deliveries have fallen sharply from the peak of 1,813 aircraft in 2018. IATA is expecting 1,254 aircraft to have been delivered this year, a 30% shortfall on what was predicted going into 2024. Deliveries in 2025 are forecast to rise to 1,802 planes, well below expectations for 2,293 deliveries, and further downward revisions on deliveries for next year are widely expected. \u003c/p\u003e\u003cp\u003eOn top of the delivery delays, the backlog of unfulfilled orders for new aircraft has reached 17,000 planes, a record high, and IATA said at present delivery rates, that would take 14 years to fulfill — double the six-year average backlog for the 2013–19 period. \u003c/p\u003e\u003cp\u003e“The aging fleet that airlines are using has higher maintenance costs, burns more fuel, and takes more capital to keep it flying,” Walsh said. “And, on top of this, leasing rates have risen more than interest rates as competition among airlines intensified the scramble to find every way possible to expand capacity. \u003c/p\u003e\u003cp\u003e“This is a time when airlines need to be fixing their battered post-pandemic balance sheets, but progress is effectively capped by supply chain issues that manufacturers need to resolve,” he added. \u003c/p\u003e\u003ch3\u003eCapacity remains in short supply \u003c/h3\u003e\u003cp\u003eSustained demand out of Asia, driven in part by the robust e-commerce volume on the trans-Pacific and Asia-Europe corridors, is keeping capacity tight and rates at highly elevated levels. \u003c/p\u003e\u003cp\u003eThe average Shanghai to North Europe spot rate of $5.07 per kilogram this week was the highest in almost two years, while the Shanghai-North America rate of $6.61/kg is the highest so far this year, according to the Baltic Air Index (BAI). \u003c/p\u003e\u003cp\u003eRate benchmarking platform Xeneta shows global air freight volume in November recorded its 13th consecutive month of double-digit growth as load factors hit their highest level since April 2022. In the 11 months through November, demand has increased by more than 12% while available capacity has grown just 4.8% \u003c/p\u003e\u003cp\u003eTo serve the high demand out of Asia, airlines are repositioning freighters from other trade lanes \u003ca href=\"https://www.joc.com/article/trans-atlantic-air-cargo-rates-take-off-as-capacity-shifts-to-asia-5904256\"\u003esuch as the trans-Atlantic\u003c/a\u003e, where rates are soaring as demand outstrips available capacity. \u003c/p\u003e\u003cp\u003eManaging the air cargo capacity shortage on key trade lanes is also a challenge for forwarders that are keeping up with demand by chartering freighters. \u003c/p\u003e\u003cp\u003e“We have proactively secured extra capacity on charters and partial charters, mainly for e-commerce shipments to Europe and the Middle East,” Loïc Gay, deputy COO at CEVA Logistics, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e Friday. \u003c/p\u003e\u003cp\u003e“During peak season in October and November, we also arranged ad-hoc charters from China to the US and Europe to accommodate the increased demand,” he added. “We plan to do the same again in January before the Chinese New Year.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The average age of the global airline fleet has risen to a record 14.8 years, up from 13.6 years. Photo credit: Flying Camera / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1734105795107","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1734101234000","TitlePlainText":"Capacity shortage, aging fleet to clip air cargo wings in 2025: IATA","Published":true,"Redirects":[{"Path":"/article/capacity-shortage-aging-fleet-to-clip-air-cargo-wings-in-2025-iata-5905147","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eWhile cargo volume is expected to grow 5.8% next year, the airline association is warning that aircraft supply chain issues will raise costs, possibly limiting that growth.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"While cargo volume is expected to grow 5.8% next year, the airline association is warning that aircraft supply chain issues will raise costs, possibly limiting that growth.","__typename":"Document"},{"Id":"5904256_JournalOfCommerce","Attachments":[{"FileName":"5903987_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eWestbound trans-Atlantic air cargo rates are rocketing higher as airlines move large amounts of capacity from the North Europe-US corridor to capitalize on the more lucrative export lanes out of Asia. \u003c/p\u003e\u003cp\u003eThe removal and redeployment of freighter capacity from the trans-Atlantic follows a seasonal decline in belly cargo space on passenger planes as airlines pared down winter flight schedules, sending spot rates to levels not seen in almost two years. \u003c/p\u003e\u003cp\u003eAverage spot rates from the North Europe hub of Frankfurt to North America hit $3.36 per kilogram this week, up 27% from last week and 55% higher than two weeks ago, according to the Baltic Air Index (BAI). The last time rates were this high was March 13, 2023, at $3.53/kg. \u003c/p\u003e\u003cp\u003eRob Bonk, director of air freight at C.H. Robinson, said the spike in rates was coming on top of already high market prices, with demand on the westbound trade lane filling all available space. \u003c/p\u003e\u003cp\u003e“The elevated demand and rates are due to several factors, including a seasonal decline in passenger air travel, the rerouting of freighter aircraft to support routes out of Asia and shippers frontloading and converting ocean cargo to air freight in anticipation of a potential US port strike in January,” Bonk told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003e“The lack of direct flights into other regions is also driving demand on the trans-Atlantic,” he added. “For example, with aircraft moved to support Asian exports, there are fewer planes flying directly between Europe and South America. Consequently, more cargo from Europe is forced to move via the US, further increasing demand on that trade.” \u003c/p\u003e\u003cp\u003eChristian Nielitz, vice president of global air services at Crane Worldwide Logistics, put a figure to the capacity shift of freighters that are being withdrawn from the trans-Atlantic and redeployed in Asia. \u003c/p\u003e\u003cp\u003e“It is estimated that these shifts have resulted in approximately 1.5 million kilograms of capacity being removed from the market,” he told the \u003ci\u003eJournal of Commerce\u003c/i\u003e Wednesday. \u003c/p\u003e\u003cp\u003eAnother trend was highlighted by Nielitz, who said some US-bound air freight from Asia was being routed through Europe because rates via the westbound route were currently more competitive than the direct trans-Pacific alternative. \u003c/p\u003e\u003ch3\u003eDecline in belly space \u003c/h3\u003e\u003cp\u003eRyan Keyrouse, CEO of air cargo consultancy Rotate, said the reduction in trans-Atlantic capacity as freighters shift planes to Asia to take advantage of stronger yields and route profitability was being exacerbated by the decline in available belly space. \u003c/p\u003e\u003cp\u003e“Passenger airlines reduced trans-Atlantic belly capacity by 13% in Week 44 [the end of October], driven by reductions from the UK, Germany, France, Netherlands, Ireland and Switzerland,” he noted. \u003c/p\u003e\u003cp\u003eGlyn Hughes, director general of The International Air Cargo Association (Tiaca), said the repositioned freighters were to satisfy strong demand on the trans-Pacific and Asia-Europe corridors, much of which is driven by e-commerce. \u003c/p\u003e\u003cp\u003e“This has resulted in some trans-Atlantic freighter operations being stopped,” Hughes said, although he added that if the high rates from Europe to the US were maintained, it could result in a return of some of the repositioned capacity. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Freighter aircraft are in demand in Asia, where yields and route profitability are stronger than other trade lanes. Photo credit: Atlas Air.","__typename":"Metadata"},"ModDate":"1734031634523","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1734028754000","TitlePlainText":"Trans-Atlantic air cargo rates take off as capacity shifts to Asia","Published":true,"Redirects":[{"Path":"/article/trans-atlantic-air-cargo-rates-take-off-as-capacity-shifts-to-asia-5904256","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAirlines repositioning freighter aircraft from the trans-Atlantic to the more profitable Asia market combined with a seasonal decline in belly cargo on the Europe-US route have pushed rates on the trade lane near a two-year high.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Airlines repositioning freighter aircraft from the trans-Atlantic to the more profitable Asia market combined with a seasonal decline in belly cargo on the Europe-US route have pushed rates on the trade lane near a two-year high.","__typename":"Document"},{"Id":"5877101_JournalOfCommerce","Attachments":[{"FileName":"5877098_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eMore than 12 months of double-digit air cargo demand growth that has outstripped available capacity is combining with constant waves of disruption to force shippers and their service providers to better plan their use of air freight. \u003c/p\u003e\u003cp\u003eUsually regarded by ocean shippers as an emergency option, air cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers. \u003c/p\u003e\u003cp\u003eYngve Ruud, executive vice president of air logistics at Kuehne + Nagel, said 2024 has been a year in which resilience in supply chains has become even more important for logistics customers. \u003c/p\u003e\u003cp\u003e“With demand outpacing capacity, coupled with the impact of strikes, the situation in the Red Sea, geopolitical events, and challenges with the amount of available aircraft due to a delay in delivery of new freighters and a rising average fleet age, customers have been looking to us to help them strengthen their supply chains,” Ruud told the \u003ci\u003eJournal of Commerce\u003c/i\u003e Friday. \u003c/p\u003e\u003cp\u003eKuehne + Nagel has responded by working with its preferred carrier partners to secure space for customers, tightly managing its own freighter capacity and introducing a weekly charter between Shanghai and Frankfurt. \u003c/p\u003e\u003cp\u003eBogen Chi, director of air freight at forwarder C.H. Robinson, said in a recent market update that for critical just-in-time inventory such as pharmaceuticals and automotive goods, the preference for air freight was justified. \u003c/p\u003e\u003cp\u003e“However, air capacity has increasingly been flooded by non-essential freight that doesn’t need to be moved through air, which is driving up costs and further straining available capacity,” he said. \u003c/p\u003e\u003cp\u003e“Adjusting shipping strategies to include flexibility and a mix of modes will continue to be important in 2025,” Chi added. “Air forecasting is becoming increasingly difficult, so evaluating the freight that is truly urgent and worthy of air will be critical for risk mitigation and cost savings.” \u003c/p\u003e\u003cp\u003eThe financial consequences of being forced into the spot market at short notice were illustrated in data from the Baltic Air Index (BAI) this week that shows the average Shanghai to North Europe spot rate of $5.07 per kilogram was the highest in almost two years, while the Shanghai-North America rate of $6.61/kg is the highest so far this year. \u003c/p\u003e\u003cp\u003eRate benchmarking platform Xeneta shows global air freight volume in November recorded its 13th consecutive month of double-digit growth as load factors hit their highest level since April 2022. In the 11 months up to November, demand has increased by more than 12% while available capacity has grown 4.8% \u003c/p\u003e\u003ch3\u003eAvoiding supply chain chaos \u003c/h3\u003e\u003cp\u003eBetter planning by forwarders and cargo owners to overcome that yawning supply-demand balance was highlighted by Xeneta’s chief air freight officer Niall van de Wouw, who said a maturity has emerged in the industry that has managed to avoid the supply-demand chaos seen during last year’s heavily imbalanced market. \u003c/p\u003e\u003cp\u003e“What we witnessed in 2023 was a mess and a valuable lesson,” he said in a monthly air freight update Thursday. “In 2024, we are seeing those lessons put into practice.” \u003c/p\u003e\u003cp\u003eIn 2023, a slowdown in air cargo demand in the US and Europe corresponded with huge amounts of below-deck belly cargo space being injected into the Asia trade lanes as passenger travel ramped up following the lifting of pandemic restrictions. Forwarders \u003ca href=\"https://www.joc.com/article/long-term-chartered-air-freight-capacity-depressing-market-dsv-5216162\"\u003ewith chartered capacity they were unable to fill\u003c/a\u003e took a financial hit, but toward the end of the year when business ramped up, all available space was quickly filled and rates took off. \u003c/p\u003e\u003cp\u003e“We are witnessing a much more grown-up air cargo market based on better allocation of resources and better terms and conditions between all parties involved,” van de Wouw noted. “The peak in 2023, in comparison, saw a shortage of capacity and rates going crazy, all at the expense of shippers.” \u003c/p\u003e\u003cp\u003eThe better use of planning in air cargo strategies was also noticed by Netherlands-based air freight analyst WorldACD. \u003c/p\u003e\u003cp\u003e“The figures reflect worldwide air cargo markets that remain relatively strong, including ex-Asia Pacific, but where good advance planning by air cargo stakeholders looks set to avert a major peak season capacity crunch and very steep rate rises in the final weeks of the year,” the analyst noted in its November market report released this week. \u003c/p\u003e\u003ch3\u003eSharp rise in Chinese production \u003c/h3\u003e\u003cp\u003eManufacturing sector conditions in China, regarded as an early indicator of strength in the air cargo industry, improved significantly in November, according to the latest China Caixin Manufacturing PMI compiled by S\u0026amp;P Global, parent company of the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eIncoming new orders placed with Chinese manufacturers in November increased at the fastest rate in three-and-a-half years. Panelists in the PMI survey attributed reasons for the rise in new work to better underlying demand conditions in key markets, new product launches and stockpiling following the US presidential election. \u003c/p\u003e\u003cp\u003e“External demand bounced back, due partly to some overseas clients upping purchases after the US election, pushing the indicator into positive territory for the first time in four months,” Wang Zhe, senior economist at Caixin Insight Group, said in his analysis of the November PMI result. \u003c/p\u003e\u003cp\u003eThe positive manufacturing indicator could not dispel concerns over a potential economic slowdown in China. The International Air Transport Association (IATA) noted in its latest monthly update that weak domestic activity may lead to reduced air cargo exports as lower consumer spending and deflationary pressures on producers decrease demand for imported goods and reduce outbound trade volume. \u003c/p\u003e\u003cp\u003eAs the air cargo industry hurtles toward the end of a solid year, Xeneta’s van de Wouw said despite the 10% increase in November volume compared with an extremely busy corresponding month last year, it was not an industry “out of control.” \u003c/p\u003e\u003cp\u003e“The closing months of 2024 could have been very messy again for shippers, but we are not hearing that,” he said. “That’s not because the volumes are not there, or the flights are not full, it is because everything, overall, is being managed better.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Global air freight volume in November recorded its 13th consecutive month of double-digit growth. Photo credit: TimmyTimTim / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1733502990670","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1733502374000","TitlePlainText":"Air freight users forced to better manage heavily imbalanced market","Published":true,"Redirects":[{"Path":"/article/air-freight-users-forced-to-better-manage-heavily-imbalanced-market-5877101","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eAir cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Air cargo is seeing a greater volume of non-essential products to get around container shipping challenges, a move that comes at a substantial cost to shippers.","__typename":"Document"},{"Id":"5874197_JournalOfCommerce","Attachments":[{"FileName":"5874200_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo on the major east-west trade lanes flew into its peak shipping period this week with demand outstripping available capacity and driving rates to fresh 2024 highs on Asian export routes and the trans-Atlantic. \u003c/p\u003e\u003cp\u003eThe average Shanghai to North Europe spot rate of $5.07 per kilogram is the highest in almost two years, while the Shanghai-North America rate of $6.61/kg is the highest so far this year, according to the Baltic Air Index (BAI). BAI data shows trans-Atlantic westbound rates reached $2.64/kg this week, a level that has not been seen for 18 months. \u003c/p\u003e\u003cp\u003e“Global air freight rates rose strongly again last week as the market headed into what is traditionally the highest point of peak season,” air freight pricing provider TAC Index reported in a rate update this week. \u003c/p\u003e\u003cp\u003eWhile spot rates rose sharply, TAC noted that the index averages were lagging because a large amount of capacity has \u003ca href=\"https://www.joc.com/article/savvy-air-cargo-shippers-use-strategic-rate-space-deals-to-offset-capacity-constraints-5751658\"\u003ebeen booked in advance by freight forwarders\u003c/a\u003e anxious to secure capacity for their customers. Chinese e-commerce platforms contract capacity directly with airlines, and the demand is so high that forwarders have struggled to find enough space for their regular customers. \u003c/p\u003e\u003cp\u003eThe International Air Transport Association (IATA) reported “exceptional traffic levels” on international routes in October for the fifth consecutive month, up 10.3% year over year. IATA attributed that to \u003ca href=\"https://www.joc.com/article/air-cargo-peak-season-elevates-as-chinese-export-rates-hit-2024-high-5787362\"\u003erising e-commerce demand in the US and Europe\u003c/a\u003e amid ongoing capacity constraints in ocean shipping because of the longer transits around southern Africa. \u003c/p\u003e\u003cp\u003eThe sharply rising rate levels are unsurprising considering the wide imbalance between strong demand and available capacity, with IATA data showing demand outstripping capacity on all major trade lanes except Africa. \u003c/p\u003e\u003cp\u003eAsia-Pacific airlines saw 13.4% year-over-year demand growth for air cargo in October while capacity increased 9.3%. Demand grew 9.5% for North American carriers while capacity increased 5.8%, and European carriers saw 7.6% demand growth for air cargo in October with capacity up 3.9% year over year, IATA said. October is the latest data available. \u003c/p\u003e\u003cp\u003eDemand growth for Middle Eastern carriers was up 4.5% as capacity rose just 0.8%, while Latin American carriers saw huge 18.5% year-over-year demand growth in October as capacity increased 5.8%. \u003c/p\u003e\u003ch3\u003eTrump tariffs will test airlines \u003c/h3\u003e\u003cp\u003eIATA Director-General Willie Walsh warned that air cargo’s ability to adapt to rapidly evolving geopolitical and economic situations was about to be severely tested. \u003c/p\u003e\u003cp\u003e“While 2024 is shaping up to be a banner year for air cargo, we must look to 2025 with some caution,” Walsh noted in IATA’s latest monthly update. “The incoming Trump administration’s announced intention to \u003ca href=\"https://www.joc.com/article/us-importers-dabbling-in-frontloading-ahead-of-new-tariff-threat-5821448\"\u003eimpose significant tariffs on its top trading partners\u003c/a\u003e — Canada, China and Mexico — has the potential to upend global supply chains and undermine consumer confidence.” \u003c/p\u003e\u003cp\u003eFor now, though, air cargo’s bull rush shows no signs of slowing, led by Asia-Pacific origin markets that have contributed an outsized share of worldwide air cargo growth this year, generating 56% of the global 12% year-over-year increase in tonnage through the first 10 months of 2024, according to an analysis by WorldACD Market Data. \u003c/p\u003e\u003cp\u003eThe Netherlands-based analyst noted in its latest weekly report that among the top five origin growth markets, the world’s busiest air cargo gateway of Hong Kong remained the biggest single generator of year-over-year outbound growth in October, as it has for much of this year. \u003c/p\u003e\u003cp\u003eHong Kong’s 15% increase in tonnage in October generated twice the growth in chargeable weight of second-placed Miami, even though the Florida hub recorded 31% growth in tonnage compared with October last year. Dubai was the third-biggest outbound growth market, thanks to its 45% increase in October tonnage, WorldACD reported. \u003c/p\u003e\u003cp\u003eHong Kong commissioned its third runway last week that will increase the annual capacity of the airport to 10 million tons of air freight over the next 10 years. On a 12-month rolling basis, by the end of September, Hong Kong International Airport had handled 4.8 million tons of air cargo. \u003c/p\u003e\u003cp\u003eHong Kong-based carrier Cathay Pacific will have all its pre-pandemic flights operating from January, five years after most of the fleet was grounded following the COVID-19 outbreak in early 2020. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Hong Kong commissioned its third runway last week that will increase the annual capacity of the airport to 10 million tons of air freight over the next 10 years. Photo credit: Raunak Kothari / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1733254274837","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1733239154000","TitlePlainText":"‘Peak’ of peak season lifts rates, demand in global air freight market","Published":true,"Redirects":[{"Path":"/article/peak-of-peak-season-lifts-rates-demand-in-global-air-freight-market-5874197","__typename":"Redirect"},{"Path":"/article/air-freight-peak-of-peak-season-lifts-rates-demand-5874197","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe first week of December is traditionally when demand for air cargo reaches its highest level, and this year a wide imbalance between demand and available space is pushing up already elevated prices.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The first week of December is traditionally when demand for air cargo reaches its highest level, and this year a wide imbalance between demand and available space is pushing up already elevated prices.","__typename":"Document"},{"Id":"5822867_JournalOfCommerce","Attachments":[{"FileName":"5822872_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eSoftware vendors Freightos and e2open have integrated their systems to help forwarders access dynamic air freight rates within Freightos’ rate database and make associated electronic bookings on those rates. \u003c/p\u003e\u003cp\u003eThe integration embeds Freightos’ WebCargo booking tool into e2open’s transportation management system (TMS). \u003c/p\u003e\u003cp\u003e“It will cut down on manual entry and give our team real-time access to rates and bookings within the TMS, helping us respond faster to client needs and eliminate the back-and-forth that used to slow us down,” Megan Kelley, vice president of enterprise applications at Crane Worldwide Logistics, one of the companies that’s been trialing the integration, said in a statement Thursday. \u003c/p\u003e\u003cp\u003eWebCargo has become a dominant player in the air freight technology space, predominantly by enabling forwarders and air cargo airlines to connect with one another digitally to transmit rates and bookings. \u003c/p\u003e\u003cp\u003ee2open is a widely used supply chain software provider that has acquired a number of TMS solutions over the past five years serving different modes, including air. The company has an internal ocean freight booking capability through its 2018 acquisition of INTTRA. The software provider is very partner-friendly, adding integrations to visibility providers, freight brokers, freight procurement tools and payment systems to support its planning and execution tools. \u003c/p\u003e\u003cp\u003eFreightos CEO Zvi Schreiber said in the statement that Freightos’ goal is to “deliver better cargo pricing and booking to our global forwarders wherever they work, whether it's through our [application programming interfaces] for their own systems, with integrations to third-party solutions, or on our platform.” \u003c/p\u003e\u003cp\u003eFreightos’ customers include shippers Electrolux and ABB, forwarders FedEx, UPS and Scan Global Logistics, as well as carriers American Airlines Cargo, Qatar Airways Cargo and Emirates SkyCargo. \u003c/p\u003e\u003cp\u003ee2open’s customers include shippers L’Oreal and Leggett \u0026amp; Platt and forwarders such as Geodis and Leschaco. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":false,"FeatureImageCopyright":"Crane Worldwide Logistics, a pilot customer of the Freightos-e2open airfreight integration, said the move will cut down on manual data entry related to bookings. Photo credit: Bjoern Wylezich / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1733149154597","Taxonomy":{"MainCategory":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732301239000","TitlePlainText":"Freightos, e2open link up on air freight e-bookings for forwarders","Published":true,"Redirects":[{"Path":"/article/freightos-e2open-link-up-on-air-freight-e-bookings-for-forwarders-5822867","__typename":"Redirect"},{"Path":"/article/freightos-e2open-link-up-on-airfreight-e-bookings-for-forwarders-5822867","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eBy connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"By connecting to forwarder-customers of software vendor e2open, Freightos is continuing its push to develop electronic booking capability in the air freight industry.","__typename":"Document"},{"Id":"5820741_JournalOfCommerce","Attachments":[{"FileName":"5820740_0.1.png","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eSF Holdings, China's largest express and integrated logistics company, launched an initial public offering in Hong Kong Tuesday that seeks to raise up to $793 million to finance organic growth and third-party investment. \u003c/p\u003e\u003cp\u003eFund manager Oaktree Capital Management, merchant bank Morgan Stanley International and smart phone maker Xiaomi are among the 10 cornerstone investors that have signed up to $200 million worth of shares. \u003c/p\u003e\u003cp\u003eSF Holdings, seen as China's equivalent of FedEx, has earmarked about 45%, or $357 million, of the net proceeds for international growth. That includes $290 million for expansion in Southeast Asia and investment activities including buyouts and joint ventures, plus $36 million to enlarge its airfreight network and upgrade warehouse and logistics facilities in North America and Europe. \u003c/p\u003e\u003cp\u003eA further $255 million will be used to strengthen and optimize its logistics network in China. That comes as SF is keen to build on the regional footprint it gained in Asia when it \u003ca href=\"https://www.joc.com/article/sf-holdings-extends-trans-pacific-reach-with-kerry-logistics-stake-5250759\"\u003eacquired a majority stake in Hong Kong’s Kerry Logistics in 2021\u003c/a\u003e. \u003c/p\u003e\u003cp\u003eSF, which is already listed in Shenzhen, has a fleet of 99 cargo aircraft that accounted for 32% of China’s air cargo capacity in the first half of this year, according to US consulting firm Frost \u0026amp; Sullivan. It also has the largest ground transportation fleet in Asia with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles. \u003c/p\u003e\u003cp\u003eThe company reported a 15% increase in net profit, to $665 million, in the first six months of the year. \u003c/p\u003e\u003cp\u003eThe public share offer closes on Nov. 22, with trading in the shares expected on Nov. 27. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"SF Holdings has earmarked about 45% of the net proceeds from its IPO for international growth. Photo credit: SF Holdings.","__typename":"Metadata"},"ModDate":"1732050847443","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"2","Name":"Surface","Redirects":[{"Path":"/surface","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1732047338000","TitlePlainText":"China logistics giant SF Holding launches $793 million Hong Kong IPO","Published":true,"Redirects":[{"Path":"/article/china-logistics-giant-sf-holding-launches-793-million-hong-kong-ipo-5820741","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The company has the largest ground transportation fleet in Asia, with more than 86,000 trucks and 100,000 first- and last-mile delivery vehicles.","__typename":"Document"},{"Id":"5787362_JournalOfCommerce","Attachments":[{"FileName":"5787358_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAverage air cargo rates from China to North America and Europe have hit their highest levels this year as peak season demand and cargo flows in preparation for November’s e-commerce online promotions begin to gear up. \u003c/p\u003e\u003cp\u003eThe rate from Shanghai to North America this week reached $6.79 per kilogram, up 7% from last week and 30% higher year over year, according to the Baltic Air Index (BAI). Shanghai-North Europe rates hit $4.85/kg, up 9% on the week and a year-over-year increase of 18%. \u003c/p\u003e\u003cp\u003e“Alongside e-commerce growth, the launch of new electronic goods and products has driven prices upward,” Kathy Liu, vice president of global sales and marketing at Taiwan-based forwarder Dimerco Express Group, said in a market update this week. \u003c/p\u003e\u003cp\u003e”The traditional peak season began in mid-October, immediately following China’s Golden Week holiday,” she added. “November is anticipated to be the peak month of 2024, particularly for shipments destined for the US and Europe.” \u003c/p\u003e\u003cp\u003eLiu noted that air freight capacity within intra-Asia routes was extremely limited as airlines allocated a greater portion of first-leg allotments to long-haul shipments that carried higher revenue potential. \u003c/p\u003e\u003cp\u003eAir cargo on the main Asian routes to North America and Europe has effectively been in peak season mode all year with the volume dominated by China’s e-commerce exports. Global air cargo recorded double-digit year-over-year demand growth in all 10 months through October and is on track to finish the year up approximately 14% year over year, according to rate benchmarking platform Xeneta. \u003c/p\u003e\u003cp\u003e“This puts air cargo demand safely on course to report double-digit growth in 2024, and not even zero growth in November or December is going to disrupt this,” Niall van de Wouw, Xeneta’s chief air cargo officer, wrote in a market update this week. \u003c/p\u003e\u003ch3\u003eRegulatory clampdown on ‘de minimis’ goods \u003c/h3\u003e\u003cp\u003eWhile the year will end on a high for the air freight industry, there is growing pressure on regulators in the US to clamp down on Chinese imports and reduce the generous $800 “de minimis” value threshold under which goods do not have to pay a duty. \u003c/p\u003e\u003cp\u003eThe e-commerce platforms in the past 18 months have factored this into their business models that almost exclusively use air cargo for shipments to the US, but the regulatory pressure is likely to be turned up under the new Trump administration. \u003c/p\u003e\u003cp\u003e“The Biden administration proposed excluding large swaths of Chinese imports from de minimis eligibility,” Judah Levine, head of research at freight marketplace Freightos, said in a report this week. “If Trump moves forward with something similar, it could be a major challenge to the surge of Chinese goods arriving by air via platforms like Shein and Temu.” \u003c/p\u003e\u003cp\u003eIf there is a clampdown, it will not only be the Chinese e-commerce platforms that come into the regulatory crosshairs. A report from stock market data provider AltIndex released Wednesday shows that most products sold by Amazon are made in China. \u003c/p\u003e\u003cp\u003e”Statistics show that 71% of the products that wholesalers and retailers sell on Amazon are produced in China, or 2.4 times more than in the United States, illustrating China’s importance for Amazon’s business,” AltIndex said. \u003c/p\u003e\u003cp\u003eAmazon has a 40% share of total e-commerce sales in its home US market, with products made in the US accounting for 30% of the company’s total goods sold and India third at 14%, according to industry data. \u003c/p\u003e\u003cp\u003eOn the trans-Atlantic, Europe to North America saw a month-over-month volume increase of 11% in October, according to Xeneta. Backhaul volume rose 10% sequentially in October as shippers and forwarders took precautionary measures to lessen the impact of the \u003ca href=\"https://www.joc.com/article/ripple-effects-playing-out-globally-from-ila-strike-analyst-5751171\"\u003ethree-day strike by dockworkers\u003c/a\u003e at US East Coast and Gulf Coast ports. \u003c/p\u003e\u003cp\u003eAir cargo rates from North Europe to North America have remained elevated all year and are currently at $1.84/kg, unchanged from the same week last year, according to the BAI. Xeneta expects the rise in trans-Atlantic air freight rates to continue with airlines’ winter schedules, leading to reduced cargo capacity from the end of October. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Air cargo on the main Asian routes to North America and Europe has effectively been in peak season mode all year. Photo credit: supakitswn / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1730920703913","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1730912174000","TitlePlainText":"Air cargo peak season elevates as Chinese export rates hit 2024 high","Published":true,"Redirects":[{"Path":"/article/air-cargo-peak-season-elevates-as-chinese-export-rates-hit-2024-high-5787362","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eVolume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.","__typename":"Document"},{"Id":"5778528_JournalOfCommerce","Attachments":[{"FileName":"5783729_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo rates and tonnage from Asia to Europe picked up sharply in October as rising demand for e-commerce shook off the slow buildup to peak season that typically follows China’s Golden Week holidays. \u003c/p\u003e\u003cp\u003eBut the recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half of 2024 has fallen far below year-over-year levels following greater scrutiny by US authorities on imports using the so-called “de minimis” exemption from duties. \u003c/p\u003e\u003cp\u003e“That decline appears to have been triggered by tighter Customs rules and checks since July on inbound US air cargo traffic from China, especially at Los Angeles airport,” Netherlands-based air freight analyst WorldACD said in a market update Friday. Data shows China-Los Angeles tonnage for the week ended Oct. 20 (week 42) was down 37% year over year. \u003c/p\u003e\u003cp\u003eA significant proportion of e-commerce shipments are routed through Hong Kong, and with global online shopping promotions such as China’s Singles Day, Black Friday and Cyber Monday just around the corner in November, as well as several new smart phone launches, rates and demand have begun to rise, significantly so on the China-Europe trade lane. \u003c/p\u003e\u003cp\u003e“The consistent strengthening of the Hong Kong-to-Europe market in the last six weeks, despite the normally dampening effects of China’s Golden Week holiday period at the start of October, is one of the earliest and only indicators of a potential significant fourth quarter air cargo peak season emerging this year,” WorldACD said. \u003c/p\u003e\u003cp\u003eAverage spot rates from Hong Kong to Europe in the last seven weeks rose above the $5 per kilogram level, to $5.15/kg for the week ended Oct. 20, with China-to-Europe spot rates at $4.29/kg. Both trade lanes are 13% above last year’s levels. \u003c/p\u003e\u003cp\u003eTonnage from Hong Kong to Europe in week 42 was up 25% on the already strong levels in the same week last year, with tonnage through the first three weeks of October up 12% sequentially compared to the average weekly volume moved in September. \u003c/p\u003e\u003cp\u003eThe Baltic Air Index (BAI) assessed average spot rates from Shanghai to North Europe this week at $4.52/kg, the highest rate level on the trade lane this year and up 19% on the same week in 2023. \u003c/p\u003e\u003cp\u003eBogen Chi, director of air freight at C.H. Robinson, said elevated air freight demand has continued for three quarters and shows no signs of slowing as the end of year approaches. \u003c/p\u003e\u003cp\u003e“Booming demand for e-commerce from Asia, air diversions from disruptions in the Red Sea and shippers using air to mitigate the effects of the US East and Gulf coast port strike have all contributed to the usual peak season,” Chi said in a customer advisory this week. \u003c/p\u003e\u003cp\u003e\u003cb\u003eDecline in China-US tonnage\u003c/b\u003e \u003c/p\u003e\u003cp\u003eAlthough Asia-to-US air cargo demand has risen steadily since the Golden Week holidays, China-US tonnage alone was down 18% year over year last week, part of a wider pattern of a decline in tonnage on the trans-Pacific in the second half that WorldACD believes was triggered by growing US scrutiny on e-commerce imports. \u003c/p\u003e\u003cp\u003eThe White House in July proposed a rule that would \u003ca href=\"https://www.joc.com/article/white-house-takes-aim-at-growing-threat-of-de-minimis-imports-5727350\"\u003eapply section 301 tariffs to de minimis shipments\u003c/a\u003e, a part of US trade law that allows single shipments valued at less than $800 to move duty-free and with fewer data submission requirements. Currently, section 301 tariffs cover approximately 40% of US imports from China, including 70% of Chinese textile and apparel imports. \u003c/p\u003e\u003cp\u003eAlthough the $800 threshold has not yet been lowered, Chi warned air freight importers this week to keep regulatory and compliance issues on their radar. \u003c/p\u003e\u003cp\u003e“With the upcoming US election and new security measures anticipated across Europe, more regulatory shifts are likely on the horizon in 2025 and could have an impact on capacity,” he said. \u003c/p\u003e\u003cp\u003e“For example, should the de minimis threshold be lowered, air capacity would likely open as most of the e-commerce freight using air now would be at risk of being held at the border,” Chi added. \u003c/p\u003e\u003cp\u003eShould capacity be released into the market, it would ease the limited space and lower rates from currently elevated levels, leaving shippers with fixed-rate agreements or chartered-in capacity stuck on prices above the prevailing market. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Tonnage from Hong Kong to Europe last week was up 25% on the already strong levels in the same week last year. Photo credit: Sportcarhub / Shutterstock.com","__typename":"Metadata"},"ModDate":"1730460194093","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729870465000","TitlePlainText":"Asia-Europe air cargo demand jumps while ‘de minimis’ scrutiny hampers trans-Pac","Published":true,"Redirects":[{"Path":"/article/asia-europe-air-cargo-demand-jumps-while-de-minimis-scrutiny-hampers-trans-pac-5778528","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The recent rise in volume to Europe contrasts sharply with China-to-US tonnage that in the second half has fallen far below year-over-year levels following greater scrutiny by US authorities on e-commerce imports.","__typename":"Document"},{"Id":"5778478_JournalOfCommerce","Attachments":[{"FileName":"5778363_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe scale generated by a combined DB Schenker-DSV entity will be accompanied by an expanding portfolio of services from which to generate greater earnings, according to DSV CEO Jens Lund. \u003c/p\u003e\u003cp\u003e“If we look at our commercial approach, it is a misconception that we want to grow the share of wallet with our customers by sacrificing our yield,” Lund told investors during the company’s third-quarter earnings call this week. \u003c/p\u003e\u003cp\u003eThe value of a DB Schenker acquisition — a deal \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003esealed by DSV for €14.3 billion ($15.9 billion)\u003c/a\u003e in September — was \u003ca href=\"https://www.joc.com/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653\"\u003ecalled into question by several other parties\u003c/a\u003e. Kuehne + Nagel, DHL Global Forwarding and Maersk withdrew their own interest in Schenker, primarily citing the integration challenges involved. \u003c/p\u003e\u003cp\u003eBut Lund had no such concerns and was confident the takeover of DB Schenker, which will be finalized in the second quarter of next year, will be a significant boost to earnings for the world’s soon-to-be largest forwarder. \u003c/p\u003e\u003cp\u003eWhile he acknowledged the combined business of DSV and DB Schenker might result in some customers being uncomfortable with the larger entity handling too great a share of their business, Lund did not believe that would be an issue. \u003c/p\u003e\u003cp\u003e“We do want to grow the share of wallet with our customers as we increase the pipeline, and we will get into a position where we are relevant for more business with our customers,” he told analysts. \u003c/p\u003e\u003cp\u003e”What we focus on is creating more gross profit,” Lund added. “When we get Schenker in, it will support our commercial approach because our service catalogue will be stronger, so we will be able to produce even more services for our customers.” \u003c/p\u003e\u003cp\u003eDespite combining two of the world’s largest forwarders, the joint business will have just a 7% share of the highly fragmented global forwarding market. In terms of global ocean volume, Kuehne + Nagel remains at the top with 4.34 million TEUs annually against 4.30 million TEUs for the combined DSV-DB Schenker, with DHL Global Forwarding third at 3 million TEUs. \u003c/p\u003e\u003cp\u003eDSV-DB Schenker is clearly ahead in air freight volume, handling a combined 2.45 million tons in 2023 against 1.90 million tons for Kuehne + Nagel and 1.67 million tons for DHL Global Forwarding. \u003c/p\u003e\u003ch3\u003e‘No major regulatory obstacles ahead \u003c/h3\u003e\u003cp\u003eDSV has already obtained most of the regulatory approvals required globally for the Schenker takeover. Lund said he did not see “any major obstacles” in securing the remaining approvals, including from Chinese authorities. \u003c/p\u003e\u003cp\u003eAttention has now tuned to how DSV will pay for the acquisition. “We launched a capital increase to partly finance the transactions that we will have to pay as soon as we have done all the regulatory approvals, which we are working on right now,” Lund said. “We started that the day we announced the acquisition.” \u003c/p\u003e\u003cp\u003eThe forwarder raised €5 billion in equity from long-term investors following a share sale after the deal was \u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eapproved by DB Schenker parent Deutsche Bahn\u003c/a\u003e on Sept. 13. CFO Michael Ebbe told analysts the remaining amount — which, after interest, could top €10 billion — will be collected through bonds and loans, likely before the end of the year. \u003c/p\u003e\u003cp\u003eAs the acquisition process unfolds, integration planning has begun. DSV is preparing as much as possible before the closing, including system integration and consolidation of physical infrastructure. \u003c/p\u003e\u003cp\u003e“We are preparing as much as we can with the Schenker team before we close the transaction, but it cannot be something that involves customers or vendors and is more structural,” Lund noted. \u003c/p\u003e\u003cp\u003eDB Schenker will be incorporated into the DSV brand, a path followed by the three major acquisitions DSV has made over the past decade \u003ca href=\"https://www.joc.com/article/dsv-buys-uti-for-135-billion-5205537\"\u003e— acquiring UTi in 2015\u003c/a\u003e for $1.35 billion, \u003ca href=\"https://www.joc.com/article/newly-combined-dsv-panalpina-targets-trans-pacific-trade-5226703\"\u003ePanalpina in 2019\u003c/a\u003e for $4.6 billion and \u003ca href=\"https://www.joc.com/article/size-equals-value-in-fragmented-market-dsvs-andersen-5248808\"\u003eAgility’s Global Integrated Logistics in 2021\u003c/a\u003e for $4.2 billion. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The integration of DB Schenker into DSV is expected to be finalized in the second quarter of next year. Photo credit: Trygve Finkelsen / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1729871839703","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729865960000","TitlePlainText":"Value of Schenker takeover will manifest in expanding services: DSV CEO","Published":true,"Redirects":[{"Path":"/article/value-of-schenker-takeover-will-manifest-in-expanding-services-dsv-ceo-5778478","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eJens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.","__typename":"Document"},{"Id":"5772669_JournalOfCommerce","Attachments":[{"FileName":"5772678_0.1.JPG","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eDSV and Kuehne + Nagel on Wednesday reported strong revenue growth in the third quarter, but the solid results could not mask a difficult operating environment with the margins at both forwarders under pressure. \u003c/p\u003e\u003cp\u003eRising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders. \u003c/p\u003e\u003cp\u003eDespite DSV’s third-quarter revenue soaring 25% year over year to $6.37 billion, gross profit rose 4.8% to $1.6 billion while earnings before interest and taxes (EBIT) were up just 1.5% at $638 million. \u003c/p\u003e\u003cp\u003eStill, DSV CEO Jens Lund described the third-quarter performance as “coming out of the market trough” with no sign of the seasonal drop in demand during the period. \u003c/p\u003e\u003cp\u003e“Our quarterly gross profit and EBIT before special items have increased on a year-over-year basis for the first time since Q3 2022, driven by positive volume growth across all divisions and higher gross profit,” Lund said during a call with analysts. \u003c/p\u003e\u003cp\u003eDSV’s ocean freight volume in the third quarter was up 8% year over year at 704,000 TEUs, with gross profit in the segment up 10% at $500 million. Air freight volume also rose 8% to 352,000 metric tons, with gross profit in the segment flat at $435 million. Net profit at the Denmark-based carrier of $411 million was roughly the same as Q3 last year. \u003c/p\u003e\u003cp\u003eWhile DSV’s financial performance continued to improve in the third quarter compared with the first half, and the significantly higher revenue contributed to higher absolute earnings, it also came with lower margins that could be seen in the nine-month figures. \u003c/p\u003e\u003cp\u003eRevenue of $18 billion from January to September was up 9.2% year over year, but it generated gross profit that was down 2.7% at $4.6 billion and EBIT that fell 11% to $1.7 billion. \u003c/p\u003e\u003cp\u003eLooking ahead, Lund was not expecting a strong fourth quarter. “The market will be subdued and if we look at the global economy, I don’t see areas in the traditional markets where we will see significant growth,” he said. \u003c/p\u003e\u003cp\u003eDSV executives are heavily occupied by the €14.3 billion ($15.9 billion) \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003eacquisition of DB Schenker\u003c/a\u003e, a deal that CFO Michael Ebbe said would be financed through shares, bonds and bank debt. The forwarder has already raised €5 billion in equity from long-term investors, with the rest to be collected through bonds and loans, Ebbe told investors. The takeover is expected to be finalized in the first half of next year. \u003c/p\u003e\u003ch3\u003eFrontloading drives up Q3 volume \u003c/h3\u003e\u003cp\u003eThe third quarter and nine-month results of rival global forwarder Kuehne + Nagel followed the same pattern as DSV, with a rise in volume and big jump in revenue not converting into high profits. \u003c/p\u003e\u003cp\u003e“Frontloading of cargo demand persisted through the middle of Q3, sparked by the rerouting away from the Red Sea, potential fallout from the port labor crisis in the US and geopolitical uncertainties,” Kuehne + Nagel CEO Stefan Paul told analysts on the forwarder’s Q3 earnings call Wednesday. \u003c/p\u003e\u003cp\u003eWhile revenue increased 19% in the third quarter to $7.5 billion, gross profit was up 5% at $2.5 billion and EBIT was just 2% higher at $524 million. \u003c/p\u003e\u003cp\u003eA total of 1.1 million TEUs was handled by the Geneva-based forwarder in the third quarter, down 2% year over year. Revenue in the ocean segment was up 36% at $3 billion with gross profit rising 2% to $632 million and EBIT up 9% at $295 million. \u003c/p\u003e\u003cp\u003eAir freight tonnage for the period rose 6.6% year over year to 526,000 metric tons, with revenue up 20% at $2 billion and gross profit of $500 million up 6%. But EBIT tumbled 12% to $138 million. \u003c/p\u003e\u003cp\u003eLike DSV, the full nine-month figures illustrated the severe margin pressure facing Kuehne + Nagel. Ocean freight revenue of $7.7 billion from January to September was a 2% decline year over year, and that was accompanied by a 15% drop in gross profit to $1.8 billion and a 25% decline in EBIT to $753 million. In air cargo, revenue rose 4% to $6 billion, but gross profit fell 7% to $1.4 billion, and EBIT dropped 23% to $380 million. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Air freight handled by DSV rose 8% to 352,000 metric tons in the third quarter. Photo credit: DSV.","__typename":"Metadata"},"ModDate":"1729708515190","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729702753000","TitlePlainText":"DSV, K+N post solid Q3 revenue gains, but profit margins under pressure","Published":true,"Redirects":[{"Path":"/article/dsv-kn-post-solid-q3-revenue-gains-but-profit-margins-under-pressure-5772669","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eRising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders.","__typename":"Document"},{"Id":"5751658_JournalOfCommerce","Attachments":[{"FileName":"5751653_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAMSTERDAM — Air cargo shippers on the trans-Pacific and Asia-Europe trades are far better prepared for the end-of-year peak after almost 12 months of high demand and tight capacity out of China, according to forwarders and air freight executives. \u003c/p\u003e\u003cp\u003eWith e-commerce shipments filling much of the available air freight capacity out of Chinese airport hubs, shippers of traditional air freight have spent the year working out the most effective fixed-rate deals or block space agreements (BSAs) to lock in the required capacity. Shippers have also adjusted inventory levels to cover any shortfalls should space become a problem in the traditional fourth-quarter peak season for air freight. \u003c/p\u003e\u003cp\u003e“Space will be tight out of China, but we have been working with our long-term forwarding partners to ensure we have the space we need and when we need it,” Mark Fullarton, director of global transportation at Zebra Technologies, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “We have plans in place to mitigate any shortages, so right now there are no alarm bells.” \u003c/p\u003e\u003cp\u003eJeffrey van Haeften, senior vice president of cargo commercial worldwide for Dubai-based Emirates Skycargo, said BSAs ensured there was capacity available for the airline to serve its forwarder market. \u003c/p\u003e\u003cp\u003e“Around 50% of our volume is e-commerce but we have BSAs set for a year that enable us to provide space for our loyal forwarding base,” van Haeften said. \u003c/p\u003e\u003cp\u003eEmirates has 36 freighters a week leaving Hong Kong for Dubai, with the cargo fed to Hong Kong from Shanghai and Guangzhou. \u003c/p\u003e\u003cp\u003eAir cargo has been stuck in peak season mode since the end of the first quarter as heavy and ongoing demand for e-commerce in the US and Europe has filled both freighters and the belly space on passenger airlines leaving Asia. \u003c/p\u003e\u003ch3\u003eShortage of belly space \u003c/h3\u003e\u003cp\u003eConor Brannigan, vice president of strategy at Atlas Air, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e that below-deck belly space available out of Hong Kong — the world’s busiest cargo airport — was nowhere near back to pre-pandemic levels. \u003c/p\u003e\u003cp\u003e“Belly capacity out of Hong Kong is down by 4,000 tons per week compared to 2019 levels,” he said, adding that the missing capacity was enough to fill 400 747 freighter aircraft. \u003c/p\u003e\u003cp\u003eAtlas Air has a fleet of 120 freighter aircraft, 70 of which are widebodies used on long haul routes. But, Brannigan said, “believe it or not, that is not enough.” \u003c/p\u003e\u003cp\u003eNiall van de Wouw, chief air freight officer at rate benchmarking platform Xeneta, said he was not picking up signals that space will be severely short out of Asia-Pacific during the end-of-year peak season. \u003c/p\u003e\u003cp\u003e“I don’t hear that when I talk to the airlines,” he said. “It will be very busy, and demand will be high, but it will not be the peak of all peaks. And I think that is because cargo owners and forwarders are far better prepared than they were last year.” \u003c/p\u003e\u003cp\u003eData from air freight analyst WorldACD for September shows tonnage from China to the US was down 8% year over year. Tonnage to Europe from Hong Kong, where e-commerce makes up a significant proportion of traffic, has remained highly elevated and by the beginning of October was up 26% year over year. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Atlas Air has a fleet of 120 freighter aircraft, 70 of which are widebodies used on long-haul routes. Photo credit: Atlas Air.","__typename":"Metadata"},"ModDate":"1729261994930","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1729260255000","TitlePlainText":"Savvy air cargo shippers use strategic rate, space deals to offset capacity constraints","Published":true,"Redirects":[{"Path":"/article/savvy-air-cargo-shippers-use-strategic-rate-space-deals-to-offset-capacity-constraints-5751658","__typename":"Redirect"},{"Path":"/article/savvy-air-cargo-shippers-use-strategic-rate-space-deals-to-offset-asian-capacity-constraints-5751658","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eA year of disruption has been on-the-job training for air freight shippers that are now battle-hardened and prepared for a tough end-of-year peak season.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"A year of disruption has been on-the-job training for air freight shippers that are now battle-hardened and prepared for a tough end-of-year peak season.","__typename":"Document"},{"Id":"5740954_JournalOfCommerce","Attachments":[{"FileName":"5740946_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eForwarder DSV’s acquisition of rival DB Schenker to create the world’s largest logistics company took a further step forward Wednesday after receiving the green light from both the German federal government and Deutsche Bahn’s (DB’s) supervisory board. \u003c/p\u003e\u003cp\u003eThe latter approval came despite opposition from the two members of EVG, Germany’s top rail and transport union, that sit on DB’s supervisory board. \u003c/p\u003e\u003cp\u003eThe deal is still dependent on regulatory approvals, a process that is expected to be completed by the second quarter of 2025, according to a DSV statement Wednesday welcoming the DB board decision. \u003c/p\u003e\u003cp\u003e“We are very pleased that Deutsche Bahn has confirmed that their two conditions for approving the sale of Schenker to DSV have been obtained,” DSV CEO Jens Lund said in the statement. “This means that we can continue our efforts to be ready for closing this transformational transaction according to the agreed plans.” \u003c/p\u003e\u003cp\u003eThe sale has an enterprise value of €14.3 billion ($15.8 billion), but expected interest income due until the deal is closed could boost the value to $16.4 billion, DB said in a separate statement Wednesday. \u003c/p\u003e\u003ch3\u003e‘Outvoted by owners’ \u003c/h3\u003e\u003cp\u003eThe sale was approved by a majority of DB’s 20-member supervisory board, but two — Deputy Board Chairman Martin Burkert and Cosima Ingenschay — voted against the sale. Burkert is chairman of EVG in addition to his role on DB’s supervisory board, while Ingenschay is deputy head of EVG. \u003c/p\u003e\u003cp\u003eDuring the vote meeting, Burkert called the sale “a serious strategic mistake,” adding that EVG “again presented our fundamental arguments against the sale of Schenker and made clear the advantage of retaining Schenker in the rail system.” \u003c/p\u003e\u003cp\u003e“Unfortunately, we as the employee side were outvoted by owners and employers,” he added. \u003c/p\u003e\u003cp\u003eBurkert said the union is now demanding commitments from DB on how the company will use the proceeds from the DB Schenker sale, including cutting debt and investing in new vehicles and services. \u003c/p\u003e\u003cp\u003eDB declined to comment further on the sale and the union’s opposition to the deal when contacted by the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eApproval of the sale came nearly three weeks after DB’s management board \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003esigned an agreement with DSV\u003c/a\u003e to dispose of its logistics subsidiary in preference to a rival bid by private equity outfit CVC Capital Partners. CVC made several attempts to increase its bid after the deadline, but DB dismissed these as “inferior” to DSV’s offer. DB launched its sale process for DB Schenker last December. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"DSV expects to receive regulatory approvals for its purchase of DB Schenker by the second quarter of 2025. Photo credit: Below the Sky / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1727890875900","Taxonomy":{"MainCategory":[{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"9","Name":"Container Shipping News","Redirects":[{"Path":"/maritime/container-shipping-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727888174000","TitlePlainText":"Government, board approvals clear way for DSV-DB Schenker merger","Published":true,"Redirects":[{"Path":"/article/government-board-approvals-clear-way-for-dsv-db-schenker-merger-5740954","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eDeutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Deutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board.","__typename":"Document"},{"Id":"5733653_JournalOfCommerce","Attachments":[{"FileName":"5733645_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eDHL Group CEO Tobias Meyer issued an invitation Tuesday for DB Schenker customers nervous about the imminent takeover by DSV to switch their forwarding business over to the integrator. \u003c/p\u003e\u003cp\u003e“We are open for business, and if customers want to give us a ring, please do so,” Meyer told a media briefing on DHL’s 2030 strategy. The company plans to outgrow the market across all its industrial divisions over the next five years. \u003c/p\u003e\u003cp\u003eDHL decided in March not to pursue an acquisition of DB Schenker, with Meyer stating he \u003ca href=\"https://www.joc.com/article/dhl-drops-pursuit-of-db-schenker-amid-questions-over-value-upside-5214786\"\u003edid not see the required upside\u003c/a\u003e to such a deal between two large companies in similar industries that would not have the value generation his company would want. Meyer reiterated that view in response to a question from the \u003ci\u003eJournal of\u003c/i\u003e \u003ci\u003eCommerce\u003c/i\u003e at Tuesday’s briefing. \u003c/p\u003e\u003cp\u003e“We respect our competitors — both DSV and Schenker — for their strength and their capabilities, but we have knowledge that integrations are not all that easy,” he said. “When you come to two companies that are of equal size, it is particularly challenging.” \u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eDSV’s €14.3 billion ($15.9 billion) bid was accepted\u003c/a\u003e by DB Schenker parent Deutsche Bahn earlier this month after the German state-owned rail company turned down a revised bid from the only other bidder left in the race, private equity firm CVC Capital Partners. Proceeds from the deal will be used to reduce debt and allow Deutsche Bahn to focus on its core rail business, although DSV will still \u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003eneed to clear regulatory hurdles\u003c/a\u003e before the \u003ca href=\"https://www.joc.com/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873\"\u003eintegration of the DB Schenker brand\u003c/a\u003e can begin. \u003c/p\u003e\u003ch3\u003ePotential suitors backed away \u003c/h3\u003e\u003cp\u003eDeutsche Bahn began readying DB Schenker for sale in December 2022 \u003ca href=\"https://www.joc.com/article/deutsche-bahn-launches-long-awaited-sales-process-db-schenker-unit_20231219.html\"\u003ebut only called for bids in December of last year\u003c/a\u003e. While there was initial interest from industry heavyweights DHL, Kuehne + Nagel, DSV and Maersk Line, it did not last. \u003c/p\u003e\u003cp\u003eMaersk shared DHL’s concerns, also \u003ca href=\"https://www.joc.com/article/maersk-citing-integration-challenges-says-wont-pursue-db-schenker-acquisition-5192212\"\u003eciting “integration challenges”\u003c/a\u003e the carrier uncovered during an in-depth due diligence investigation of the Essen, Germany-based forwarder. Kuehne + Nagel withdrew its interest in March. \u003c/p\u003e\u003cp\u003eA key concern of the bidders was the size of a combined workforce; for DSV and DB Schenker, that will be close to 150,000 people around the world with a 50/50 split. Integrations of large companies in similar industries typically come with significant job cuts, and that issue featured prominently during takeover negotiations. \u003c/p\u003e\u003cp\u003eThe final two bidders for DB Schenker both pledged to limit redundancies to placate the German government and the unions. \u003c/p\u003e\u003cp\u003eAnother concern raised by industry analysts was the drain on DB Schenker’s post-pandemic record earnings that have been mostly siphoned off by its loss-making parent. That means DB Schenker has largely missed out on the drive for scale by rivals, keeping its hands in its pockets while its peers made \u003ca href=\"https://www.joc.com/article/maersk-signs-36-billion-deal-lf-logistics-unit_20211222.html\"\u003ea series of multibillion-dollar acquisitions\u003c/a\u003e in recent years. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"DHL Group plans to outgrow the market in all its industry sectors over the next five years. Photo credit: DHL.","__typename":"Metadata"},"ModDate":"1727188635463","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1727181734000","TitlePlainText":"DB Schenker customers spooked by DSV takeover welcome at DHL: CEO","Published":true,"Redirects":[{"Path":"/article/db-schenker-customers-spooked-by-dsv-takeover-welcome-at-dhl-ceo-5733653","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.","__typename":"Document"},{"Id":"5730873_JournalOfCommerce","Attachments":[{"FileName":"5730872_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe DB Schenker brand that two years ago celebrated its 150th anniversary will be absorbed by DSV, which last week acquired the Essen, Germany-based company for €14.3 billion ($15.9 billion). \u003c/p\u003e\u003cp\u003eWhile there are \u003ca href=\"https://www.joc.com/article/union-government-hurdles-ahead-in-dsvs-16-billion-takeover-of-db-schenker-5727281\"\u003estill regulatory hurdles to clear\u003c/a\u003e — and reports of rival bidder CVC Capital Partners urging DB Schenker to reconsider its intention to sell to the Denmark-based forwarder — a spokesperson for DSV told the \u003ci\u003eJournal of Commerce\u003c/i\u003e that “going forward, the combined company will continue under the DSV brand.” \u003c/p\u003e\u003cp\u003eThat’s a path followed by the three major acquisitions DSV has made over the past decade — \u003ca href=\"https://www.joc.com/article/dsv-buys-uti-for-135-billion-5205537\"\u003eacquiring UTi in 2015\u003c/a\u003e for $1.35 billion, \u003ca href=\"https://www.joc.com/article/newly-combined-dsv-panalpina-targets-trans-pacific-trade-5226703\"\u003ePanalpina in 2019\u003c/a\u003e for $4.6 billion and \u003ca href=\"https://www.joc.com/article/size-equals-value-in-fragmented-market-dsvs-andersen-5248808\"\u003eAgility’s Global Integrated Logistics (GIL) in 2021\u003c/a\u003e for $4.2 billion. \u003c/p\u003e\u003cp\u003eSchenker \u0026amp; Co. was founded in 1872 by Gottfried Schenker in Vienna and has developed into a global forwarder with approximately 75,000 employees. A combined DSV-DB Schenker entity will have close to 150,000 employees around the world with a 50/50 split. \u003c/p\u003e\u003cp\u003eThe size of the workforce featured prominently during takeover negotiations, with the final two bidders both pledging to limit redundancies. DSV included social commitments to DB Schenker jobs in the acquisition agreement as well as a pledge to invest €1 billion in Germany over the next three to five years, “which will contribute to ensuring long-term growth and job creation.” \u003c/p\u003e\u003cp\u003eDSV noted in its acquisition statement last week that Germany “will be a key market for DSV with a substantial impact on the future organization.” The forwarder said “various central functions” of DB Schenker would remain in Germany, including the Schenker head office in Essen. \u003c/p\u003e\u003cp\u003eMichael Clover, head of commercial development at consultancy Transport Intelligence (Ti), said DSV’s commitment to Germany in the final bidding stages appears to have been made to get the deal over the line with the federal government, while the jobs guarantee was aimed at placating German unions. \u003c/p\u003e\u003cp\u003e“The German logistics industry is obviously enormous, but with German manufacturing down at the moment logistics growth is struggling in the country,” Clover told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003e“Ti forecasts show that German freight forwarding will grow at a compound annual growth rate [CAGR] of 3.2% from 2023 to 2028, contract logistics at a CAGR of 1% and road freight at a 1.5%,” he added. “So, you could argue that the commitment to Germany for the next two years was all about securing the deal rather than about the growth opportunities in Germany.” \u003c/p\u003e\u003cp\u003eGermany’s United Services Union, known as ver.di, had a wait-and-see attitude when contacted by the \u003ci\u003eJournal of Commerce\u003c/i\u003e after the deal was signed last week. “For us, it is essential that as many jobs as possible are retained at the end of the sales process,” a union spokesperson said. \u003c/p\u003e\u003ch3\u003eWorld’s largest forwarder \u003c/h3\u003e\u003cp\u003eIn global revenue terms, a combined DSV-DB Schenker will be the world’s largest forwarder with revenue of $39.3 billion based on 2023 results, according to DSV. Figures by market research firm Armstrong \u0026amp; Associates put DHL Global Forwarding in second place globally at $33.8 billion and Kuehne + Nagel third with $31.6 billion. \u003c/p\u003e\u003cp\u003eIn terms of global ocean volume, Kuehne + Nagel remains at the top with 4.34 million TEUs against DSV-DB Schenker’s 4.30 million TEUs, with DHL Global Forwarding third at 3 million TEUs. \u003c/p\u003e\u003cp\u003eDSV-DB Schenker is clearly ahead in air freight volume, handling a combined 2.45 million tons in 2023 against Kuehne + Nagel’s 1.9 million tons and DHL Global Forwarding’s 1.67 million tons. \u003c/p\u003e\u003cp\u003eWhile the three Europe-based companies dominate the global forwarding market, it is a different picture on the trans-Pacific. Through the first eight months of this year, Kuehne + Nagel held the largest ocean market share of the three European forwarders, at 3.01% and 180,049 TEUs, but that was only good enough for fourth place, according to data from PIERS, a sister company of the \u003ci\u003eJournal of Commerce\u003c/i\u003e within S\u0026amp;P Global. California-based Kerry Apex led with a 5.21% share of the trans-Pacific market and volume of 312,195 TEUs. \u003c/p\u003e\u003cp\u003eAfter the first eight months of 2024, DSV was at 21st place on the trans-Pacific with 53,193 TEUs and 0.89% of the market. The latest available data for DB Schenker is for January to August 2023, when it handled just 6,167 TEUs. \u003c/p\u003e\u003cp\u003e“The combined entity will be a large player on the trans-Pacific, and this will be a benefit of the deal to help get DSV more exposure to this key trade lane, but not the driving rationale,” Clover noted. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"A combined DSV-DB Schenker entity will be the world’s largest forwarder. Photo credit: DSV.","__typename":"Metadata"},"ModDate":"1726771994613","Taxonomy":{"MainCategory":[{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"38","Name":"Trans-Pacific","Redirects":[{"Path":"/maritime/container-shipping-news/trans-pacific","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1726768454000","TitlePlainText":"DSV takeover signals end to 150 years of DB Schenker brand","Published":true,"Redirects":[{"Path":"/article/dsv-takeover-signals-end-to-150-years-of-db-schenker-brand-5730873","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eWhile there are still regulatory hurdles to clear, a spokesperson for DSV told the \u003ci\u003eJournal of Commerce\u003c/i\u003e the combined company “will continue under the DSV brand” going forward.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward.","__typename":"Document"},{"Id":"5730770_JournalOfCommerce","Attachments":[{"FileName":"5730898_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eA strike-driven surge in demand for air cargo capacity if ports along the US East and Gulf coasts are shut down from Oct. 1 would come at the worst possible time for an air freight sector that is preparing for a strong peak season with capacity already severely limited. \u003c/p\u003e\u003cp\u003eEight straight months of double-digit growth and a massive increase in trans-Pacific and Asia-Europe e-commerce volumes this year, mostly shipped from China by air, have kept rates elevated and encouraged airlines \u003ca href=\"https://www.joc.com/article/lure-of-robust-asian-peak-season-a-magnet-for-air-cargo-capacity-5728658\"\u003eto shift freighter capacity from other trades\u003c/a\u003e to the booming ex-Asia markets. \u003c/p\u003e\u003cp\u003eAngel Rodriguez, president of ASF Air, said a port strike in the US would quickly create a backlog in shipments of “artificial or unplanned air freight” that would typically have moved by ocean. \u003c/p\u003e\u003cp\u003e“Now consider this occurring during the busiest season for air freight with the increased demand for e-commerce, holiday season around the corner and new product launches such as smart phones, all fighting for the same capacity from similar markets,” Rodriguez told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eAir freight rates out of China to the US and Europe have been elevated all year with e-commerce volume dominating shipments and longer ship voyages around southern Africa to avoid the Red Sea shifting urgent freight from ocean to the air. Load factors in August were at 87% on Asia-North America and 86% on both the Asia-Europe and Asia-Middle East routes, meaning they are effectively full. \u003c/p\u003e\u003cp\u003eAir freight rates are being pushed up by a wide supply-demand imbalance, with supply growth in August increasing 2% year over year while demand was up 11%, according to rate benchmarking platform Xeneta. Data from the Baltic Air Index (BAI) shows that rates for the week ending Sept. 16 from China to the US were up 30% year over year at $5.87 per kilogram and China to Europe up 28%, at $4.10/kg. \u003c/p\u003e\u003ch3\u003eScramble for space \u003c/h3\u003e\u003cp\u003eAirline executives estimate the top four Chinese e-commerce platforms use 150 freighters per day to move online orders to destination markets, most of that capacity contracted directly with airlines. That is leaving forwarders serving traditional air freight customers scrambling to find space in an ever-tightening market. \u003c/p\u003e\u003cp\u003eAlberto Mathia, regional head of air freight for the Americas at Hellmann Worldwide Logistics, said capacity was a growing issue and that air freight rates, especially from Asia, were already rising, regardless of a potential port strike in the US. \u003c/p\u003e\u003cp\u003e“Capacity will become even tighter as passenger flights may reduce after the summer schedule, creating additional challenges for already limited air capacity due to e-commerce from Asia and Red Sea diversions,” Mathia said. \u003c/p\u003e\u003cp\u003eRodriguez said shippers should already be discussing contingency plans with their service providers to identify solutions to keep production lines moving undisturbed. \u003c/p\u003e\u003cp\u003e“Many of our clients at ASF have already started looking at full and part charters to have a safety stock in the unfortunate event that a strike does indeed occur,” he said. \u003c/p\u003e\u003cp\u003eCharter rates are also rising sharply, however, with reports of a return freighter flight on the Europe-South America trade lane recently contracted for more than $1 million. \u003c/p\u003e\u003ch3\u003e‘Storm coming’ to China export markets \u003c/h3\u003e\u003cp\u003eNiall van de Wouw, chief air freight officer at Xeneta, said the air cargo industry was facing “an extremely challenging year-end peak season,” when volumes traditionally increase in the run up to Christmas and New Year. \u003c/p\u003e\u003cp\u003e“There is a storm coming to the outbound China air freight market,” he warned. “Shippers need to take action now and have a clear plan in place for when the storm hits, such as working with their vendor to minimize the use of spot market capacity, which will likely come at spiraling costs.” \u003c/p\u003e\u003cp\u003eWhile a port strike along the US East and Gulf coasts will impact air cargo exports from China, the trans-Atlantic air freight market could be hit hard, said Glyn Hughes, director general of The International Air Cargo Association (Tiaca). \u003c/p\u003e\u003cp\u003e“To satisfy the demand, much of which is driven by e-commerce, air cargo freighter operators have been repositioning freighters to serve these high demand-Asian markets,” Hughes told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “This has resulted in some trans-Atlantic freighter operations being stopped. \u003c/p\u003e\u003cp\u003e“If the...port strike goes ahead then some cargo will undoubtedly need to move by air, but capacity will be in short supply,” he added. “There will also be an expected reduction in passenger belly capacity as winter schedules may also see reduced services.” \u003c/p\u003e\u003cp\u003eHowever, the tight capacity will push up air cargo rates, and Hughes said this could lead to airlines moving freighters back to the trans-Atlantic market. \u003c/p\u003e\u003cp\u003e“But I think the capacity challenge will act as a form of volume restriction, and I wouldn’t expect to see cargo facilities [in the US] being overrun with air cargo volume,” he added. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The top four Chinese e-commerce platforms use an estimated 150 freighters per day to move online orders to destination markets. Photo credit: Matheus Obst / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1726775294870","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1726757597000","TitlePlainText":"Limited air freight capacity available for US port strike-driven cargo shift","Published":true,"Redirects":[{"Path":"/article/limited-air-freight-capacity-available-for-us-port-strike-driven-cargo-shift-5730770","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eEight straight months of double-digit volume growth and a massive increase in trans-Pacific and Asia-Europe e-commerce volumes, mostly shipped from China by air, has left air cargo capacity in short supply.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Eight straight months of double-digit volume growth and a massive increase in trans-Pacific and Asia-Europe e-commerce volumes, mostly shipped from China by air, has left air cargo capacity in short supply.","__typename":"Document"},{"Id":"5728658_JournalOfCommerce","Attachments":[{"FileName":"5728212_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo operators are shifting freighter aircraft from South America, India and Africa to the more lucrative Asian export trades where sustained demand from the US and Europe for both e-commerce and traditional cargo is keeping planes full and rates elevated.\u003c/p\u003e\u003cp\u003eWith \u003ca href=\"https://www.joc.com/article/brace-for-impact-warning-as-air-cargo-heads-into-historic-peak-season-5725527\"\u003ean anticipated fourth-quarter peak season bonanza\u003c/a\u003e around the corner and a worsening supply-demand imbalance pushing up the spot market, airlines want as much capacity as possible to be deployed on the trans-Pacific and Asia-Europe trades. But the removal of air freight capacity is leaving exporters on the South America and Indian trade lanes scrambling for capacity, forwarders say.\u003c/p\u003e\u003cp\u003e“We see it on the South American and India trades,” Angel Rodriguez, president of Charleston-based ASF Air, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “Unfortunately, China-US and China-Europe outweigh any trade with South America regardless of route, so it’s somewhat of a no-brainer.”\u003c/p\u003e\u003cp\u003eAir freight rates from Shanghai to North America in the traditionally slow month of August were almost 30% higher compared with the same month last year, according to the Baltic Air Index (BAI).\u003c/p\u003e\u003cp\u003eHolding the rates at elevated levels are load factors that rate benchmarking platform Xeneta estimated were at 87% on Asia-North America flights in early September and at 86% on both Asia-Europe and Asia-Middle East flights, which is effectively full for head-haul routes.\u003c/p\u003e\u003cp\u003eDemand is expected to strengthen even further during November’s e-commerce shopping promotions such as Black Friday and Cyber Monday, which will follow the highly anticipated iPhone 16 launch later this month, with capacity already tightly constrained, said Rob Veltman, vice president of cargo in Europe for Qatar Airways.\u003c/p\u003e\u003cp\u003e“With the seasonal patterns and the way the market is being treated, conventional shippers like Apple or HP will struggle to find capacity because e-commerce is so demanding,” Veltman said at the EU Cross Border E-Commerce Forum in Liege, Belgium, last week. “The top four e-commerce players in China need around 150 freighters per day to move the cargo out.”\u003c/p\u003e\u003cp\u003eTom Owen, director of cargo at Cathay Pacific, said the Hong Kong-based carrier was adding five freighters per week to its Asia-North America network in the fourth quarter to try to cover the demand.\u003c/p\u003e\u003cp\u003e“We are a scheduled carrier so 40% of our freight goes on our widebodies [passenger planes] and that capacity doesn’t change, but for our freighters we move capacity around where it is needed,” Owen told the \u003ci\u003eJournal of Commerce\u003c/i\u003e.\u003c/p\u003e\u003cp\u003eJeffrey Van Haeften, senior vice president for Emirates SkyCargo, warned at the Liege forum that capacity was already in short supply and would tighten further through the rest of the year, even with the widespread repositioning of capacity.\u003c/p\u003e\u003cp\u003e“We are already full,” he said. “All the second legs into Europe [from Asia] serving 40 cities, some of them up to eight flights a day, are all full.”\u003c/p\u003e\u003cp\u003e\u003cb\u003e‘Ongoing volatility’\u003c/b\u003e\u003c/p\u003e\u003cp\u003eDHL Express has announced plans to deploy eight new Boeing 777 freighters on the trans-Pacific and routes between Asia and Europe as it moves to capture soaring demand for e-commerce and business to business (B2B) cargo. The express operator is expecting global e-commerce to increase 8.8% in 2024, with a strong peak season through the fourth quarter.\u003c/p\u003e\u003cp\u003e“With ongoing volatility in global freight markets and a continued strong flow of e-commerce volumes, we are expecting a healthy surge in demand for express services in the fourth quarter,” DHL Express CEO John Pearson said in a statement.\u003c/p\u003e\u003cp\u003eBritish cargo airline One Air this week added a third Boeing 747 freighter to its fleet to meet strong demand for traditional cargo from forwarders on Asia-Europe. It operates ad hoc charter flights on several routes across Europe, the Middle East and Asia, as well as seven flights a week from Hong Kong to Europe.\u003c/p\u003e\u003cp\u003eThe injection of capacity into Asia, mostly China, is making a long-standing problem even worse. While aircraft are full flying out of China to the US and Europe, the return flights are virtually empty, which places significant pricing pressure on the carriers.\u003c/p\u003e\u003cp\u003eAir cargo consultancy Rotate estimated the contribution of Boeing 777 freighter flights on several trade lanes and found the growing imbalance increased the profitability gap between the head-haul and back-haul flights.\u003c/p\u003e\u003cp\u003eOn the trans-Pacific, based on unit costs and revenue through the four weeks of August, cargo on China to US flights was carried at a profit of $3.07 per kilogram, while the return flight operated at a loss of $1.48 per kilogram.\u003c/p\u003e\u003cp\u003eThe route from Asia to Europe showed a profitability of $2.10 per kilogram and a return loss of $1.12 per kilogram, while the trans-Atlantic trade lane was unprofitable in both directions, Rotate found.\u003c/p\u003e\u003cp\u003e“The freighters are all flying full out of Asia and the rest of the world is not performing as well,” Owen said. “It is not something new, but because of the e-commerce growth over the last couple of years there is a lot more capacity flying out than before and the return flights have gotten more challenging.”\u003c/p\u003e\u003cp\u003eRodriguez said the trade imbalance was something forwarders have become accustomed to over the years but it did impact pricing negotiations with carriers as charter agreements were mostly settled on a round-trip basis. \u003c/p\u003e\u003cp\u003e“This is why pricing on freight on the trans-Pacific westbound US to China route amounts to only a fraction – approximately one quarter – of the cost for freight on the eastbound China to US route,” he told the \u003ci\u003eJournal of Commerce.\u003c/i\u003e “Essentially, those (forwarders with) charter agreements are simply looking for any possible contribution to help offset the overall cost.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Load factors on Asia-Europe and Asia-Middle East flights were at 86% in September, which is effectively full. Photo credit: Emirates SkyCargo.","__typename":"Metadata"},"ModDate":"1726597215087","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1726508662000","TitlePlainText":"Lure of robust Asian peak season a magnet for air cargo capacity","Published":true,"Redirects":[{"Path":"/article/lure-of-robust-asian-peak-season-a-magnet-for-air-cargo-capacity-5728658","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eSustained demand for air cargo on the trans-Pacific and Asia-Europe trades and the promise of rising rates through the end-of-year peak are encouraging airlines to pull capacity from less-lucrative lanes.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Sustained demand for air cargo on the trans-Pacific and Asia-Europe trades and the promise of rising rates through the end-of-year peak are encouraging airlines to pull capacity from less-lucrative lanes.","__typename":"Document"},{"Id":"5726546_JournalOfCommerce","Attachments":[{"FileName":"5726553_0.1.PNG","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eLiege, Belgium — Soaring demand for e-commerce out of Asia this year was a gift to an airline industry under severe financial pressure as it recovered from the pandemic, air cargo executives said at an industry forum here this week.\u003c/p\u003e\u003cp\u003eExecutives from Cathay Pacific, Qatar Cargo, Emirates SkyCargo and freighter operator Silk Way West attending the EU Cross-Border E-Commerce Forum at Liege Airport described the e-commerce demand as welcome as it was “unstoppable.”\u003c/p\u003e\u003cp\u003e“E-commerce for us has been a very pleasant surprise after what has been a difficult three or four years for both Hong Kong and the Cathay Pacific group when COVID hit us hard,” Tom Owen, head of cargo at Cathay Pacific, told the forum.\u003c/p\u003e\u003cp\u003e”The dominance and the strength of the e-commerce market going forward is something that we’re very excited about,” he added. “We are now carrying anywhere between 50% to 60% of e-commerce whereas before COVID it was around 20% to 30%.”\u003c/p\u003e\u003cp\u003eOwen said without the volume generated by e-commerce over the last two years, there would be fewer aircraft available as planes were parked or retired. “There’s an awful lot of capacity that’s still in the market that would have left,” he noted.\u003c/p\u003e\u003cp\u003eJeffrey Van Haeften, Emirates SkyCargo senior vice president, said e-commerce was “extremely important,” with most of the cargo coming from southern China comprised of online packages. He estimated that 20% of the carrier’s global volume was made up of e-commerce shipments.\u003c/p\u003e\u003cp\u003e“E-commerce is helping so much that if it did not exist, the whole industry would have an issue,” he told the forum. \u003c/p\u003e\u003cp\u003eRob Veltman, vice president of cargo at Qatar Airways, said there was no real growth in Chinese exports of traditional air cargo.\u003c/p\u003e\u003cp\u003e”It’s all e-commerce, and if it wasn’t there, we would all be in trouble,” Veltman said, adding that Qatar Airways has had to adapt its network to cover the market’s growing needs that are impossible to ignore.\u003c/p\u003e\u003cp\u003eWolfgang Meier, CEO of Baku-based freighter operator Silk Way West, said e-commerce has added a fourth dimension to the air freight industry.\u003c/p\u003e\u003cp\u003e“E-commerce is good because we have had the forwarders, the airlines, the integrators and now we have the e-commerce players,” Meier said. “It has changed the way business is conducted.”\u003c/p\u003e\u003ch3\u003eLow levels of exposure\u003c/h3\u003e\u003cp\u003eThe buoyant mood of airlines contrasted with that of global forwarders that have low levels of exposure to e-commerce shipments and are under pressure to find space for traditional customers competing for capacity with online orders from China on the trans-Pacific and Asia-Europe routes.\u003c/p\u003e\u003cp\u003eAir freight is heading for an imminent capacity crunch amid expectations that the peak season will be the strongest one yet, and forwarders are having to placate their more traditional customers.\u003c/p\u003e\u003cp\u003e“We have our regular bread and butter customers that are very concerned about this trend, and we need to know how we cater to the entire air freight industry that needs support,” Asok Kumar, head of global air freight at forwarder DB Schenker, told the forum.\u003c/p\u003e\u003cp\u003eCapacity is already in short supply and is set to tighten even further through the rest of the year, warned Van Haeften.\u003c/p\u003e\u003cp\u003e“We are already full,” he said. “All the second legs into Europe [from Asia] serving 40 cities, some of them up to eight flights a day, are all full.” \u003c/p\u003e\u003cp\u003eWhile air cargo executives at the forum also highlighted a “struggle” to serve their traditional markets and not devote all capacity to e-commerce cargo, they acknowledged it was difficult to differentiate between e-commerce and traditional air freight. \u003c/p\u003e\u003cp\u003e“It is hard to measure exactly what e-commerce is,” Owen said. That was echoed by Van Haeften, who said on Europe and Americas routes “we don’t always recognize what e-commerce is.”\u003c/p\u003e\u003cp\u003eVeltman said airlines had to balance their traditional customers against the demands of the new segment and adapt their networks to serve the changing cargo flows.\u003c/p\u003e\u003cp\u003e“You can’t just focus on e-commerce, but it would be stupid to ignore it,” he said. “From this month we have changed our schedules with a lot more capacity moved to China. The business is disrupting the market.” \u003c/p\u003e\u003cp\u003eA retired air cargo executive at the forum told the \u003ci\u003eJournal of Commerce\u003c/i\u003e it made little difference to carriers whether cargo was e-commerce or not, as long as it could fill their aircraft. However, there is pressure coming from the International Air Transport Association (IATA) to assign a special handling code for e-commerce that would aid safety and security checks as well as provide information to customs authorities at destination. That pressure is placing online shipments under greater scrutiny in the European Union and the US.\u003c/p\u003e\u003ch3\u003eRegulatory crackdown\u003c/h3\u003e\u003cp\u003eThe regulatory crackdown is regarded as a challenge to the unbridled growth of e-commerce, but it was mostly shrugged off by the airline executives who said the demand can withstand any legislative attempts in the US and European Union to clamp down on online orders arriving from China.\u003c/p\u003e\u003cp\u003e“I can’t see any sensible government taking an axe to e-commerce,” said Owen. “It is a force for good for the general population and people wanting to purchase affordable goods. This is now a way of buying that will continue.”\u003c/p\u003e\u003cp\u003eVan Haeften said he was expecting some kind of legislation to come down the pipeline, but he did not believe it would “change the curve.”\u003c/p\u003e\u003cp\u003e“It will at most hamper the growth a little but at the same time we also see the number of people that buy through e-commerce is growing, so at the end it is unstoppable,” he told the forum.\u003c/p\u003e\u003cp\u003eVeltman agreed. “Trade restrictions are never good for business and if the US imposes restrictions, you might see a reaction from China on goods imported from the US, and everyone is concerned,” he said.\u003c/p\u003e\u003cp\u003e“The de minimis level [currently at $800] could be lowered, but cargo will find a way via other gateways. People are very creative in getting cargo to where it needs to be,” he added. “This is here to stay and I don’t see legislation stopping it.”\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Up to 60% of the cargo volume handled by Cathay Pacific out of its Hong Kong base is comprised of e-commerce shipments. Photo credit: Cathay Pacific.","__typename":"Metadata"},"ModDate":"1726168274140","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1726153574000","TitlePlainText":"Robust e-commerce demand a gift for air cargo carriers: airline executives","Published":true,"Redirects":[{"Path":"/article/robust-e-commerce-demand-a-gift-for-air-cargo-carriers-airline-executives-5726546","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eStill, the buoyant mood of carriers contrasts with global forwarders that have low levels of exposure to e-commerce shipments and are under pressure to find capacity for traditional customers. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Still, the buoyant mood of carriers contrasts with global forwarders that have low levels of exposure to e-commerce shipments and are under pressure to find capacity for traditional customers.","__typename":"Document"},{"Id":"5725527_JournalOfCommerce","Attachments":[{"FileName":"5725526_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eLiege, Belgium — The air cargo industry is flying headlong into its strongest ever peak season as booming e-commerce demand will combine with online shopping promotions this fall and rising volume of more traditional air freight, executives told a conference here. \u003c/p\u003e\u003cp\u003eBut at the same time, the industry was facing a worsening supply-demand imbalance that would place severe constraints on available capacity and add pricing pressure to already elevated rate levels. \u003c/p\u003e\u003cp\u003e“Brace for impact,” was the blunt warning to shippers and forwarders from Peter Scholten, CCO of freighter operator Air One Aviation, at the EU Cross-Border E-Commerce Forum at Liege Airport in Belgium Tuesday. “We are heading for the highest peak seasons in history.” \u003c/p\u003e\u003cp\u003eThe global air cargo market has seen eight straight months of double-digit growth as of August, with a 14% increase in demand and only 7% capacity growth over that period, Ryan Keyrouse, CEO of market intelligence consultancy Rotate, told the forum. \u003c/p\u003e\u003cp\u003eWith volume this year expected to rise 11% to 12% year over year, he estimated volume would grow a further 2% to 7% in 2025, with the high demand taking the air freight industry deep into “unchartered territory.” \u003c/p\u003e\u003cp\u003e“If e-commerce growth continues aggressively, we are going to be in an unprecedented state,” Keyrouse said. “The highest two-year growth average we’ve had in recent decades.” \u003c/p\u003e\u003cp\u003eWhile the demand has enabled freighter operators to benefit from rising rate levels, the robust market growth is being constrained by a lack of capacity. \u003c/p\u003e\u003cp\u003eData reported by rate benchmarking platform Xeneta show load factors on Asia-North America flights are at 87%, with both Asia-Europe and Asia-Middle East flights at 86%, which is effectively full for headhaul routes. \u003c/p\u003e\u003cp\u003eAircraft are also flying at their peak utilization, with Rotate data for August showing global freighter fleets operating at up to 15 hours a day, just below pandemic flying times. Keyrouse said this meant any relief was “not going to come from load factors and it’s not going to come from fleet utilization.” \u003c/p\u003e\u003cp\u003eThe index of outbound routes from Hong Kong edged up a further 0.2% this week, led by higher rates to North America that took the year over year gain to 21.1%, according to the Baltic Air Index. Outbound Shanghai rates edged down 1.8% week over week, but the rate is up 30% compared with last year. \u003c/p\u003e\u003ch3\u003eForwarders protecting ‘bread and butter’ customers \u003c/h3\u003e\u003cp\u003eRichard Broekman, CCO and head of sustainability at freighter operator Atlas Air, said he did not believe shippers were prepared for the significant supply-demand imbalance that lay ahead. \u003c/p\u003e\u003cp\u003e“The peak is going to be very strong and driven by a real lack of capacity and a lot of delays of deliveries of new freighters that were supposed to be flying already but are just not there yet,” Broekman told the forum. \u003c/p\u003e\u003cp\u003eForwarders are already scrambling to lock in enough capacity for their customers through the fourth quarter, which is becoming increasingly difficult as e-commerce swallows up much of the available space out of Asia. \u003c/p\u003e\u003cp\u003eAsok Kumar, head of global air freight at forwarder DB Schenker, noted that as significant as the e-commerce volume is, it is not something that benefitted global forwarders and typically represented single-digit percentages of their annual tonnage. \u003c/p\u003e\u003cp\u003eKumar noted global e-commerce in 2022 was about 1.5 million tons of the total air freight market of 22 million tons. The estimate for 2025 is that e-commerce will be 5.2 million tons of a market that will be 27 million tons, showing that most of the growth is from e-commerce rather than the traditional air freight market. \u003c/p\u003e\u003cp\u003e“We have our regular bread and butter customers that are very concerned about this trend, and we need to know how we cater to the entire air freight industry that needs support,” Kumar told the forum. \u003c/p\u003e\u003cp\u003e“Normal demand in the market for the phones, the AI enabled devices, the technology, automotive movements, for example,” he added. “We have commitments to our existing customers that we need to protect, and we will do that.” \u003c/p\u003e\u003cp\u003eStefan Krikken, head of global air freight at DSV, said aside from during COVID-19, the market “has never been as constrained, as difficult as it is right now,” in his 15 years in the business. \u003c/p\u003e\u003cp\u003e”COVID was on a different level, but I think the peak that we’re heading into is going to be unprecedented,” he told the forum. \u003c/p\u003e\u003cp\u003e“Going into the peak season we will also have the e-commerce days — be it Black Friday or Singles Day,” Krikken said. “There are several of these events that will really drive the e-commerce boom.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The global air cargo market has seen eight straight months of double-digit growth. Photo credit: DesignRage / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1726068796547","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1726067294000","TitlePlainText":"‘Brace for impact’ warning as air cargo heads into historic peak season","Published":true,"Redirects":[{"Path":"/article/brace-for-impact-warning-as-air-cargo-heads-into-historic-peak-season-5725527","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eEight straight months of double-digit volume growth in global air freight markets has kept freighters full and flying at peak utilization, and continued demand is expected to outstrip available capacity through Q4 and beyond. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Eight straight months of double-digit volume growth in global air freight markets has kept freighters full and flying at peak utilization, and continued demand is expected to outstrip available capacity through Q4 and beyond.","__typename":"Document"},{"Id":"5717966_JournalOfCommerce","Attachments":[{"FileName":"5717873_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eThe temporary grounding of Cathay Pacific’s Airbus A350 fleet of 48 aircraft after an engine fault was found on Monday will disrupt the already overheated Hong Kong air freight export market, industry executives say.\u003c/p\u003e\u003cp\u003eThe Hong Kong-based airline canceled 24 long-haul flights after discovering “an engine component failure” on a flight to Zurich early on Monday, immediately grounding the fleet. Another 10 regional flights will be canceled Tuesday, although all the aircraft are expected to be back in the air by Saturday, Cathay Pacific said in a statement.\u003c/p\u003e\u003cp\u003eThe extent of the disruption to air freight schedules is not yet apparent, but the loss of the belly cargo space, even for a short period, comes at a particularly inconvenient time. Sustained demand for e-commerce from China is competing with growing volumes of high-tech components and perishables out of Asia and filling all available capacity.\u003c/p\u003e\u003cp\u003eNiall van der Wouw, chief air freight analyst at rate benchmarking platform Xeneta, said even if the issue is solved in days, it could impact shippers for up to two weeks because there is so little spare capacity available out of Hong Kong.\u003c/p\u003e\u003cp\u003e“It is difficult to quantify the impact of such measures, but it does not take much of a capacity reduction to have an impact on the [Hong Kong] air cargo market where the dynamic load factor from this airport is currently at 93% for flights into Europe and the Middle East and 89% into North America,” van der Wouw told the\u003ci\u003e Journal of Commerce\u003c/i\u003e.\u003c/p\u003e\u003cp\u003eThe enormity of sales driven by Chinese retail marketplace platforms such as Temu, Shein, Tmall and Taobao as they connect with an exploding consumer base has \u003ca href=\"https://www.joc.com/article/air-cargo-shrugs-off-seasonality-to-ride-wave-of-e-commerce-demand-5705136\"\u003eheld the air freight market out of Asia in peak season mode\u003c/a\u003e since late last year. \u003c/p\u003e\u003cp\u003eA significant portion of this volume is routed through Hong Kong, the world’s busiest air cargo airport. Gary Lau, chairman of the Hong Kong Association of Freight Forwarding and Logistics (Haffa), urged companies relying on air freight to consider contingency plans this week. \u003c/p\u003e\u003cp\u003e“While the situation may resolve relatively quickly and efficiently, there will likely be short-term disruptions that could affect pricing and availability in the air cargo market, especially given the already tight conditions,” Lau said.\u003c/p\u003e\u003ch3\u003e‘Overheated’ Asian air freight market\u003c/h3\u003e\u003cp\u003eChristian Nielitz, vice president of global air services at Crane Worldwide Logistics, said the extent of the disruption would depend on how quickly Cathay Pacific could resume normal operations.\u003c/p\u003e\u003cp\u003e“While Cathay Pacific aims to have the aircraft back in service within a few days, the air freight sector could experience short-term disruptions, especially in the already overheated Asian market,” Nielitz said.\u003c/p\u003e\u003cp\u003eThe engine component failure reported by the crew on Monday’s flight CX383 to Zurich was the first such failure on any A350, Cathay noted. But it raises questions over whether A350s at other airlines will also require grounding.\u003c/p\u003e\u003cp\u003eGlyn Hughes, director general of The International Air Cargo Association (Tiaca), said the reliability of the A350’s Trent XWB-97 engines was high, with Rolls Royce insisting it was “one of the most reliable engines ever produced.”\u003c/p\u003e\u003cp\u003e”But I would anticipate the other operators of A350s performing similar checks over the coming days,” Hughes told the \u003ci\u003eJournal of Commerce\u003c/i\u003e.\u003c/p\u003e\u003cp\u003eA wider grounding of the popular A350 at other Asian airlines would serve to amplify disruptions and could create significant challenges for air cargo operators in the region, Lau noted.\u003c/p\u003e\u003cp\u003eCathay Pacific is one of Asia’s largest air cargo operators, with the capacity of its 40 freighters supplemented by belly cargo in its 181 passenger aircraft fleet. Its 48 A350s consist of 30 A350-900s with a belly cargo capacity of approximately 17 tons and 18 of the larger A350-1000s that can carry more than 25 tons below the main deck.\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com\"\u003e\u003ci\u003egreg.knowler@spglobal.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The A350 passenger fleet has significant belly cargo capacity serving the long-haul routes out of Asia. Photo credit: Cathay Pacific.","__typename":"Metadata"},"ModDate":"1725381615003","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1725374234000","TitlePlainText":"Cathay’s A350 groundings to upset Hong Kong’s overheated air cargo market","Published":true,"Redirects":[{"Path":"/article/cathays-a350-groundings-to-upset-hong-kongs-overheated-air-cargo-market-5717966","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe extent of the disruption to air freight schedules is not yet apparent, but the loss of the belly cargo space, even for a short period, comes at a particularly inconvenient time.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The extent of the disruption to air freight schedules is not yet apparent, but the loss of the belly cargo space, even for a short period, comes at a particularly inconvenient time.","__typename":"Document"},{"Id":"5712881_JournalOfCommerce","Attachments":[{"FileName":"5712880_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eCMA CGM Air Cargo said Tuesday it has inaugurated its first trans-Pacific air cargo service amid continued strong demand for air freight ahead of the peak season. \u003c/p\u003e\u003cp\u003eThe carrier joins Maersk Air Cargo and MSC Air Cargo in offering trans-Pacific air freight services after its first flight left Hong Kong for Chicago on Aug. 25. The outbound flight from Hong Kong includes a refueling stop in Anchorage, while the return leg is flown via Seoul. \u003c/p\u003e\u003cp\u003eThe service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index. \u003c/p\u003e\u003cp\u003eRates from Hong Kong to the US have eased slightly this month but are still just under $6 per kilogram and slightly higher at about $6.13/kg from neighboring Shenzhen to the US, forwarders told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. \u003c/p\u003e\u003cp\u003eAnalysts believe air freight rates will firm again on tighter capacity in the coming weeks ahead of the Thanksgiving, Christmas and New Year’s holidays in the US. They say continued robust e-commerce shipments, especially from Hong Kong, will drive demand, leading rates to spike. \u003c/p\u003e\u003cdiv class=\"wrapper-narrow\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"076545ba-9dec-4e54-8dc3-4de8e6eb33b5\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eDHL Global Forwarding said airlines have already contracted more than 80% of their air cargo capacity to e-commerce companies for the fourth quarter, creating a possible last-minute capacity crunch for shippers switching to air freight to avoid ocean delays and port congestion. \u003c/p\u003e\u003cp\u003eInterest in China-to-US air cargo charters is expected to surge in the third and fourth quarters as a cost-effective alternative to ocean freight with the air peak season approaching, DHL Global Forwarding said in a market commentary. \u003c/p\u003e\u003cp\u003eCMA CGM Air Cargo will eventually use three Boeing 777-200F freighters operated by US company Atlas Air on trans-Pacific services. Each aircraft can carry up to 103 metric tons. \u003c/p\u003e\u003cp\u003eCMA CGM said a second aircraft would arrive by December and connect China with the US, with the third scheduled for delivery in 2025. The first two aircraft will provide seven flights per week across the Pacific. \u003c/p\u003e\u003cp\u003e“The launching of this new route between Chicago and Hong Kong is a strategic milestone in the development of CMA CGM Air Cargo,” airline CEO Damien Mazaudier said in a statement. \u003c/p\u003e\u003cp\u003eCMA CGM Air Cargo already operates two B777-200F on routes between Europe and Greater China, with five flights per week to Hong Kong and four flights per week to Shanghai. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Keith Wallis at \u003c/i\u003e\u003ca href=\"mailto:keithwallis@hotmail.com\"\u003e\u003ci\u003ekeithwallis@hotmail.com\u003c/i\u003e\u003c/a\u003e\u003ci\u003e.\u003c/i\u003e \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"CMA CGM said a second aircraft would arrive by December and connect China with the US, with the third scheduled for delivery in 2025. Photo credit: CMA CGM","__typename":"Metadata"},"ModDate":"1724787378750","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Keith Wallis, Special Correspondent","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1724783294000","TitlePlainText":"CMA CGM Air Cargo launches trans-Pacific flights from Hong Kong to Chicago","Published":true,"Redirects":[{"Path":"/article/cma-cgm-air-cargo-launches-trans-pacific-flights-from-hong-kong-to-chicago-5712881","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eThe service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"The service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index.","__typename":"Document"},{"Id":"5707019_JournalOfCommerce","Attachments":[{"FileName":"5707018_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eScrutiny on US customs brokers is ratcheting up, according to compliance experts, as US Customs and Border Protection (CBP) grapples with a deluge of e-commerce shipments that require less complete data than those tied to larger freight shipments. \u003c/p\u003e\u003cp\u003eAlso putting pressure on customs brokers is an expectation from CBP that brokers will help importers pay closer attention to their upstream supplier networks as the agency seeks to cut down on forced labor, intellectual property infringements and environmental violations. \u003c/p\u003e\u003cp\u003e“CBP seems to have an increased expectation that customs brokers know more about their importer clients, their products, and the admissibility of the merchandise beyond the normal requirements that brokers need to accurately file entries,” said Cindy Allen, CEO of compliance consultancy Trade Force Multiplier and a veteran of FedEx and DHL. “This is a higher level of involvement with the importers that has not historically been present and presents new challenges for the broker and their clients.” \u003c/p\u003e\u003cp\u003eAnia Wierzbowska-Fuller, director of consulting and regulatory affairs at customs broker AN Deringer, said a March advisory to brokers by CBP portends pending regulations that the agency will issue about brokers being required to verify an importer’s identity, with whispers that the rule might be released in November. \u003c/p\u003e\u003cp\u003e“This is just a beginning,” Wierzbowska-Fuller said. “Brokers were always concerned about an importer’s identity for different reasons. Now it will be a legal requirement to verify the importer’s identity, and it goes beyond our customers. As a broker, we have to inform our customers — the importers — about their obligation to know with whom they do business.” \u003c/p\u003e\u003ch3\u003eEyes and ears for customs \u003c/h3\u003e\u003cp\u003eMargie Shapiro, CEO of customs broker Shapiro, said CBP understands the limitations of brokers. \u003c/p\u003e\u003cp\u003e“CBP values the role of the customs broker and the relationship that the broker has with its customers,” she said. “The expectation is not that the broker knows more about their customers, it’s that the broker helps to educate and ensure its customers understand CBP’s mission and comply with what is required.” \u003c/p\u003e\u003cp\u003eShapiro argued that CBP already has a system in place to collect data to detect forced labor, intellectual property rights infringements, duty non-compliance and circumvention, and compliance with partner government agencies (PGAs) that works “fairly well.” But CBP is not resourced to handle the deluge of shipments moving via the de minimis provision, which allows one duty-free shipment under $800 per day per consignee, she said. \u003c/p\u003e\u003cp\u003e“Our country created this enormous loophole,” Shapiro said. “It would be hugely effective if Congress could close it.” \u003c/p\u003e\u003cp\u003eCustoms brokers have long decried that the higher US de minimis level exposes the country to excess risk, given brokers serve as a layer of intelligence about the importing community. \u003c/p\u003e\u003ch3\u003eMultiple legislative threats \u003c/h3\u003e\u003cp\u003eTo that end, five bills have been introduced in Congress since March alone to curtail the use of de minimis. According to a CBP dashboard tracking de minimis shipments, there were as many such shipments in the first half of 2024 — 1 billion — as in all of 2023. \u003c/p\u003e\u003cp\u003eThe issue of higher broker expectations and the influx of smaller shipments is not unrelated in the eyes of the trade compliance community. \u003c/p\u003e\u003cp\u003e“Customs authorities, overwhelmed by shipment volume and speed, are delegating more oversight and enforcement responsibilities to the trade community,” said Amy Morgan, vice president and head of trade compliance at software vendor Altana and a veteran of compliance at multiple importers. “We are seeing this in the promotion of more advanced information-sharing programs that facilitate the joint management of trade compliance between regulators and the trade community.” \u003c/p\u003e\u003cp\u003eMorgan said CBP’s expectations for customs brokers seem to be intensifying across all entry types, but the scrutiny on so-called “Type 86” shipments — de minimis shipments where brokers send a limited set of data elements to CBP — seems to be “significantly higher right now.” \u003c/p\u003e\u003cp\u003e“Normal customs entries involve more rigorous and detailed compliance checks due to their higher value and complexity and require more knowledge of supply chains and risk assessment,” she said. “Type 86 entries, however, are being more closely monitored for abuse and security risks, necessitating an unprecedented granular understanding of what products are with precise descriptions, product classification, valuation, origin, and full disclosure of the parties involved in the transaction to combat undervaluation and misclassification.” \u003c/p\u003e\u003cp\u003eMorgan pointed to a recent action by CBP to suspend multiple customs brokers from participating in the Entry Type 86 Test program after determining that their entries posed an unacceptable compliance risk. \u003c/p\u003e\u003ch3\u003e‘Reasonable care’ uncertainty \u003c/h3\u003e\u003cp\u003eAllen said Type 86 shipments, in particular, present a quandary for brokers as they weigh whether they are required to meet a so-called “reasonable care” standard that typically applies to importers of record. \u003c/p\u003e\u003cp\u003e“A customs broker is extremely challenged in meeting the reasonable care standard for de minimis entries, as they are reliant on the information that their client provides to them,” Allen said. “There is limited ability to have visibility to that depth of information. \u003c/p\u003e\u003cp\u003e“In a ‘normal’ entry scenario, a customs broker has a choice if they want to serve as the importer of record, and most do not,” she added. “The owner, purchaser or consignee serves as the importer of record.” \u003c/p\u003e\u003cp\u003eIn Type 86 shipments, the flow of information around the merchandise has been limited to only what the broker needs to file the entry. \u003c/p\u003e\u003cp\u003e“Additional communication must be developed if the brokers need to be more involved in the transactions and merchandise being imported,” Allen said. “This is also something that the brokers are not necessarily comfortable with — and has been questioned by the importing community as well.” \u003c/p\u003e\u003cp\u003eAs Wierzbowska-Fuller put it: “With Entry Type 86 we are getting less data and yet more responsibility. It is disruptive to all of us — everyone in the supply chain and even for customs. They can’t keep up with it.” \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Eric Johnson at \u003c/i\u003e\u003ca href=\"mailto:eric.johnson@spglobal.com\"\u003e\u003ci\u003eeric.johnson@spglobal.com\u003c/i\u003e\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Customs brokers have long bemoaned the US’ $800 de minimis threshold on shipments as a loophole that could be exploited. Photo credit: Tero Vesalainen / Shutterstock.com. ","__typename":"Metadata"},"ModDate":"1724179095937","Taxonomy":{"MainCategory":[{"Id":"16","Name":"Transport, Trade and Regulation News","Redirects":[{"Path":"/supply-chain/transport-trade-and-regulation-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"4","Name":"Supply chain","Redirects":[{"Path":"/supply-chain","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"17","Name":"Logistics Technology News","Redirects":[{"Path":"/supply-chain/logistics-technology-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Eric Johnson, Senior Technology Editor","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1724172194000","TitlePlainText":"US CBP increasing scrutiny of customs brokers as e-commerce exposure rises","Published":true,"Redirects":[{"Path":"/article/us-cbp-increasing-scrutiny-of-customs-brokers-as-e-commerce-exposure-rises-5707019","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eA flood of duty-free shipments from Asia has upped the ante on brokers having broad knowledge of the upstream supply chains used by their importer clients.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"A flood of duty-free shipments from Asia has upped the ante on brokers having broad knowledge of the upstream supply chains used by their importer clients.","__typename":"Document"},{"Id":"5705136_JournalOfCommerce","Attachments":[{"FileName":"5705134_0.1.jpg","FileType":"FeatureImage","Title":"Feature image","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eBarring changes to import duty rules in the US and Europe, e-commerce platforms will keep driving up air cargo volumes while soaking up capacity and pushing up rates for the foreseeable future — even if consumer demand falters. \u003c/p\u003e\u003cp\u003eThe enormity of sales driven by Chinese retail marketplace platforms such as Temu, Shein, Tmall and Taobao as they connect with an exploding consumer base is creating a new dynamic for an air cargo industry accustomed to seasonal patterns, not a perpetual peak season. In the short term, the entrants are crowding the market, but rising rates and tight space may spur other shippers to consider lower-cost — but slower — transport modes in the long term. \u003c/p\u003e\u003cp\u003e“Even with sluggish GDP growth, you see these massive air freight volumes because there’s a new business model that consumers are tapping into,” Niall van de Wouw, chief air freight officer at rate benchmarking platform Xeneta, told the \u003ci\u003eJournal of Commerce\u003c/i\u003e.\u003c/p\u003e\u003cp\u003eTwo of the more visible Chinese cross-border e-commerce marketplaces, Temu and Shein, offer inexpensive products made to order and exclusively use air freight to transport huge numbers of packages to the major markets of the US and Europe. Industry estimates suggest e-commerce accounts for 20% of global air freight volume, with the volume exported from China alone enough to fill 50 to 80 freighter aircraft every day.\u003c/p\u003e\u003cp\u003eVan de Wouw said even with economic conditions and inflation slowing consumer spending, it is becoming less relevant how much people were spending on goods as opposed to the way in which they were spending.\u003c/p\u003e\u003cp\u003e“If you spend £100 on the high street [downtown], there is a 95% chance the goods you are buying will have come in by ocean,” he said. “But if you spend £80, or 20% less on the online platforms, it might be that 95% of it is by air freight.” \u003c/p\u003e\u003cp\u003eA market update by Australia-based consultancy Trade and Transport Group found overall international air cargo tonnage handled at Asia-Pacific airports was up almost 14% from January through July. Most of that growth in volume was in China, which was up 32% year over year in the first seven months of 2024; Hong Kong volume was up 24% in the same period. Other locations in Northeast Asia did not see the same level of growth.\u003c/p\u003e\u003cp\u003e“One of the key drivers behind the recent strong performance in global international air cargo has been an increase in cross border e-commerce traffic rather than a recovery in traditional manufacturing-driven supply chain cargo,” the consultancy found.\u003c/p\u003e\u003ch3\u003eRegulatory crosshairs center on online platforms\u003c/h3\u003e\u003cp\u003eA potential threat to the e-commerce bull run is the growing regulatory scrutiny into business-to-customer (B2C) online platforms, with calls to lower de minimis value thresholds in the US and Europe that allow the platforms to avoid import duties. Other suggestions from regulators include imposing a tax on certain commodities that are purchased online.\u003c/p\u003e\u003cp\u003eBut even if legislation lowers the de minimis levels, cross-border e-commerce is here to stay and will continue to grow, van de Wouw said.\u003c/p\u003e\u003cp\u003e“There are millions of US consumers who are not forced, but voluntarily buy stuff on these platforms,” he said. “The Chinese companies aren’t pushing packages into the US; they are being pulled in by consumers. While a lot of the regulatory focus is on the online platforms avoiding tax, that is a result of their business model, not a founding principle of their business.”\u003c/p\u003e\u003cp\u003eBrian Bourke, CCO at SEKO Logistics, said stiffer regulations may cause changes in air cargo, but he agreed that the general growth trend of cross-border e-commerce would continue regardless.\u003c/p\u003e\u003cp\u003e“This is all very fluid and all in flux,” Bourke told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “A lot of this demand is driven by the Internet and smartphones and those things aren’t going away. And the rising middle class around the world isn’t going anywhere, either.”\u003c/p\u003e\u003cp\u003eWhile the cross-border e-commerce boom has been highly beneficial for airlines, forwarders have not been able to capitalize on the huge volume out of China that is filling much of the available air freight capacity. For instance, despite being one of the world’s largest global forwarders, Kuehne + Nagel’s e-commerce volume was “in the single digits,” a spokesperson said.\u003c/p\u003e\u003cp\u003eSimilarly, DSV CEO Jens Lund said in a July 24 earnings call that the forwarder is “not very present” in the e-commerce market, despite the Denmark-based company being among the top five global air freight forwarders by volume.\u003c/p\u003e\u003cp\u003eThe forwarder involvement comes down to a question of value-add, according to Glyn Hughes, director general of The International Air Cargo Association (Tiaca). Hughes said forwarders have established sophisticated systems to deal with complex border management procedures and compliance to move large volumes, mostly on a business-to-business (B2B) basis.\u003c/p\u003e\u003cp\u003e“The e-commerce shipments are mostly general cargo that often falls under di minimis levels, so border management is less of an issue,” he told the \u003ci\u003eJournal of Commerce\u003c/i\u003e. “Most e-commerce shipments comprise hundreds, if not thousands, of individual consignments that need some form of final-mile solution. \u003c/p\u003e\u003cp\u003e“Considering the low-cost aspect associated with the original online purchase is often guided by the e-platform in the first place, the value-add by a forwarder is limited,” Hughes added.\u003c/p\u003e\u003ch3\u003e‘Weaponizing’ supply chains\u003c/h3\u003e\u003cp\u003eLund noted during DSV’s earnings call that “many of these e-commerce companies have a direct relation with some of the carriers because they would produce certain fixed volumes in certain areas.”\u003c/p\u003e\u003cp\u003eBourke described that as Chinese platforms using their large volume of cargo to bypass forwarders and contract directly with airlines, a process he called “weaponizing” their supply chains.\u003c/p\u003e\u003cp\u003e“The Chinese marketplaces recognize that companies don’t compete, supply chains compete,” he said. “But there are always opportunities for forwarders — if we don’t have one leg of a supply chain, we might have the other two and we are always there to fill in any gaps.”\u003c/p\u003e\u003cp\u003eBourke noted as an example that many forwarders were focused on serving specialized vertical markets and said that trend would continue, regardless of the volume being generated by e-commerce.\u003c/p\u003e\u003cp\u003e“Changing global regulations pose challenges, but whether it’s pharmaceuticals, chemicals, e-commerce, biotechnology or medical devices, all require specific expertise and if it aligns with your company’s strategy, it will make sense,” he said. \u003c/p\u003e\u003cp\u003eMarc Meier, managing director for air and sea logistics in Europe, the Middle East and Africa for Germany-based forwarder Dachser, said the Chinese online marketplaces operated their supply chains directly, a strategy that leaves little room for a forwarder.\u003c/p\u003e\u003cp\u003e“We do not like it but given the current market conditions we do not really have a choice,” he said. \u003c/p\u003e\u003cp\u003e“Regarding European customs and last-mile capabilities, you need to be able to produce [services] with very low costs as these shipments are smaller and lighter than the European average,” Meier added. “For that you need an automated customs process and high-speed sorting facilities. As far as I know, only DHL and Hermes have those capabilities.”\u003c/p\u003e\u003cp\u003eMeier did not believe the Temu-Shein model would last, with regulatory changes likely to make it unviable. But he was confident that e-commerce as part of global air freight would continue its growth trajectory and that more sustainable business models would emerge. \u003c/p\u003e\u003cp\u003eTo snare a greater share of the cross-border market, Dachser is investing in its own asset-free e-commerce solution called Global Sky Express that will offer long-haul transport, customs clearance and optimized last- and first-mile solutions.\u003c/p\u003e\u003cp\u003eWhile forwarders puzzle over how to capture more of the B2C business, any conversation around e-commerce and how long air freight can depend on its volume always comes back to the growing regulatory attention being placed on Chinese imports. The US de minimis value threshold is set at a generous $800, but van de Wouw said even if that level was reduced to $150, most products being ordered online would still fall below the benchmark. \u003c/p\u003e\u003cp\u003e“Temu and Shein have tapped into a rich vein of business,” he noted. “They are catering to millions of consumers in the US and Europe and if they don’t supply them, somebody else will step in. Trade follows the path of least resistance, and someone will find a way to link the consumers in Europe and the US to these manufacturers in China.”\u003c/p\u003e\u003cp\u003eThe only caveat, van de Wouw said, was whether the online platforms would be financially sustainable in the long term, “but there is no visibility on that.”\u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003c/i\u003e\u003ca href=\"mailto:greg.knowler@spglobal.com. \"\u003e\u003ci\u003egreg.knowler@spglobal.com.\u003c/i\u003e\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":null,"AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Kuehne + Nagel says its e-commerce volume is in “the single digits.” Photo credit: Kuehne + Nagel.","__typename":"Metadata"},"ModDate":"1724087894517","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"Greg Knowler, Senior Editor Europe","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1724087893000","TitlePlainText":"Air cargo shrugs off seasonality to ride wave of e-commerce demand","Published":true,"Redirects":[{"Path":"/article/air-cargo-shrugs-off-seasonality-to-ride-wave-of-e-commerce-demand-5705136","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eChinese online marketplaces have hit on a rich vein of business-to-customer volumes, with the current boom in international air freight driven by cross-border e-commerce rather than a recovery of traditional manufacturing.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Chinese online marketplaces have hit on a rich vein of business-to-customer volumes, with the current boom in international air freight driven by cross-border e-commerce rather than a recovery of traditional manufacturing.","__typename":"Document"},{"Id":"5703214_JournalOfCommerce","Attachments":[{"FileName":"5703215_1.0.jpg","FileType":"FeatureImage","Title":"3688330_FI.jpg","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eSolid e-commerce and Red Sea disruption-led demand on the trade lanes out of Asia is driving a progressive increase in global air cargo rates and turning seasonal benchmarks upside down. \u003c/p\u003e\u003cp\u003eDespite global air cargo markets being in the middle of what has historically been the slow summer season, there has been no slowdown in demand across all major trade lanes, and especially those out of Asia. \u003c/p\u003e\u003cp\u003eData from Netherlands-based air cargo analyst WorldACD Market Data shows global rates rising steadily from an average of approximately $2.30 per kilogram in the first three months of the year to about $2.45/kg in the second quarter. \u003c/p\u003e\u003cp\u003eThe upward trajectory continued through July, when the global rate increased 12% year over year to $2.50 per kilogram, the highest monthly increase this year. Global volume calculated by WorldACD was also up 12% in July, driven by rising air freight tonnage out of origins in Asia and the Middle East-South Asia. \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"a9b2f7d8-4ed0-432a-b50e-b1ae015004c3\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eThe unseasonal demand was similarly reflected in the overall Baltic Air Freight Index (BAI), calculated by air cargo analyst TAC, that was up 2.2% in the week ending Aug. 12. Now would be the time rates are normally falling, taking the year over year gain to 10%. \u003c/p\u003e\u003cp\u003e“Market sources are divided as to whether peak season rise has already arrived early or whether there is a further surge in rates to come in the weeks ahead — but generally agree that the market has been unusually firm for this time of year,” TAC noted in a statement this week. \u003c/p\u003e\u003cp\u003eThe tailwinds lifting air cargo tonnage and rates are being driven by buoyant e-commerce demand from consumers in the US and Europe. E-commerce has competed for space on aircraft with time- and temperature-sensitive products, while a third competitor for capacity is the modal shift from ocean to air by European importers disrupted by the Red Sea diversions. \u003c/p\u003e\u003ch2\u003e‘It could get messy’ \u003c/h2\u003e\u003cp\u003eAlthough the traditional slow summer season last year favored rate and demand comparisons, Xeneta chief air freight analyst Niall van de Wouw said the growth was coming on top of a busy market. \u003c/p\u003e\u003cp\u003e“Flights are already full so any growth will not be coming from a low base,” he told the \u003ci\u003eJournal of Commerce\u003c/i\u003e Wednesday. \u003c/p\u003e\u003cp\u003e“There is a consensus that it could get pretty messy in Q4. I am even hearing companies talking about imposing peak season surcharges at the end of August or beginning of September, which is early,” he added. \u003c/p\u003e\u003cp\u003eVan de Wouw said there was unlikely to be any slowdown in air freight demand before the peak season in the fourth quarter. \u003c/p\u003e\u003cp\u003eLeading the increase in air cargo demand and rates is the trans-Pacific trade lane with spot rates on Asia-US routes in July averaging $5.80/kg, up 70% year over year, according to WorldACD. \u003c/p\u003e\u003cp\u003eThis was reflected in data from Freightos, and Judah Levine, head of research at the online freight marketplace, noted in an air freight update this week that current rates of $4.90/kg from China to the US were at levels “typically only seen during the Q4 air peak season.” He said this suggested strong e-commerce volume was continuing to fill planes. \u003c/p\u003e\u003cp\u003eThe impact e-commerce demand is having on China’s air cargo exports is immense with the packages shipped almost exclusively by air. According to industry estimates, the e-commerce volume leaving China every day by air is enough to fill 50 to 80 freighter aircraft. \u003c/p\u003e\u003cp\u003eVan de Wouw said two fundamentals were driving air freight demand to higher-than-expected levels, and those factors would remain in play through the rest of the year and even beyond the traditional Q4 peak season. \u003c/p\u003e\u003cp\u003e“The Red Sea situation and the mess on the ocean side is a push for air freight, but the second fundamental is around consumer spending,” he said. “If you spend £100 on the high street, there is a 95% chance the goods you are buying will have come in by ocean. But if you spend £80, or 20% less on the online platforms, it might be that 95% of it is by air freight. \u003c/p\u003e\u003cp\u003e“It is becoming less relevant how much people are spending on goods as opposed to where they are spending it,” he added. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003ca href=\"mailto:greg.knowler@ihsmarkit.com\"\u003egreg.knowler@spglobal.com\u003c/a\u003e. \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Greg Knowler, Senior Editor Europe","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"The e-commerce volume leaving China every day by air is enough to fill 50 to 80 freighter aircraft, according to industry estimates. Photo credit: Cathay Pacific.","__typename":"Metadata"},"ModDate":"1723793259323","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"JOC Staff","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1723648349000","TitlePlainText":"Air cargo thrives on e-commerce, disruption-driven demand","Published":true,"Redirects":[{"Path":"/article/air-cargo-thrives-on-e-commerce-disruption-driven-demand-5703214","__typename":"Redirect"},{"Path":"/article/air-cargo-thrives-e-commerce-disruption-driven-demand_20240814.html","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003ePeak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is set to extend through the second half and beyond.","__typename":"Document"},{"Id":"5703118_JournalOfCommerce","Attachments":[{"FileName":"5703119_1.0.jpg","FileType":"FeatureImage","Title":"3688288_FI.jpg","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir cargo on the main trade lanes out of Asia continues to be in peak season mode as disrupted ocean shipping and an ongoing e-commerce surge hold spot rates at elevated levels. \u003c/p\u003e\u003cp\u003eNot even widespread disruption from July’s global IT outage on Microsoft systems that caused flight delays and cancellations lasting more than a week could derail the resurgent air freight markets. \u003c/p\u003e\u003cp\u003e“The resulting cargo backlogs saw cargo load factors on some impacted airlines increase up to four percentage points compared to the previous week,” rate benchmarking platform Xeneta noted in a market update Thursday, adding that load factors had mostly recovered to pre-outage levels by July 28. \u003c/p\u003e\u003cp\u003eAir freight rates from Shanghai to North America have not fallen below $5 per kilogram since March, with the average rate in July of $5.53/kg almost 25% higher than the same month last year, according to the Baltic Air Index (BAI). Average Shanghai-North Europe rates of $3.93/kg this week were up 44% year over year. \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"e273b0e9-abf6-41ac-91bc-6cd04468822d\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eNiall van de Wouw, chief airfreight officer at Xeneta, expects the strong year-over-year growth in air cargo demand to extend into August and September, partly due to the low base set last year. \u003c/p\u003e\u003cp\u003e“For the air cargo market, it’s now all eyes on late August for the first signs of a proper peak season, which would be the cherry on top of the cake for airlines after such unexpected volumes and demand growth in the first seven months of the year,” Van de Wouw said in a market update Thursday. \u003c/p\u003e\u003cp\u003e“Airlines might just be starting to think their tailwinds will hold out,” he added. \u003c/p\u003e\u003cp\u003eAir cargo volumes traditionally begin to pick up in the fourth quarter, with peak demand typically seen in the last two months of the year. But the sector has essentially been in a peak season state since last December. \u003c/p\u003e\u003ch2\u003eBuoyant e-commerce \u003c/h2\u003e\u003cp\u003eThe tailwinds lifting air cargo tonnage and rates are being driven by buoyant e-commerce demand from consumers in the US and Europe. E-commerce has competed for space on aircraft with time- and temperature-sensitive products, while a third competitor for capacity was volume coming because of the modal shift from ocean shippers to Europe disrupted by the Red Sea diversions. \u003c/p\u003e\u003cp\u003eTrade routes from the Middle East and Central Asia to Europe recorded the highest growth in air cargo spot rates in July, with Xeneta data showing a 126% year-over-year increase to $3.16/kg. The rate platform attributed this to the ocean diversions around southern Africa as well as unrest in Bangladesh leading to port and airport backlogs that will take weeks to clear. \u003c/p\u003e\u003cp\u003eThe port of Jebel Ali in the United Arab Emirates has experienced growing congestion at its container terminals, and the resultant switch by shippers to air freight has transferred the bottlenecks to air cargo, according to a customer advisory from Crane Worldwide Logistics. \u003c/p\u003e\u003cp\u003eIt is also peak vacation season, so passenger baggage is being prioritized at Dubai airport, leading to further delays for regular cargo shipments, although perishables and higher-paid cargo is receiving priority, Crane told customers. \u003c/p\u003e\u003cp\u003eRates in July from Southeast Asia to North America and Europe more than doubled compared with lanes the same month last year, reaching $5.78/kg to North America and $3.85/kg to Europe, according to Xeneta. \u003c/p\u003e\u003cp\u003eOutbound Northeast Asia markets, supported by strong e-commerce demand and general cargo volume recovery, raised air freight spot rates to North America ($4.39/kg) and Europe ($4.17/kg) by approximately 30% year over year last month, said Xeneta. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003ca href=\"mailto:greg.knowler@ihsmarkit.com\"\u003egreg.knowler@spglobal.com\u003c/a\u003e. \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Greg Knowler, Senior Editor Europe","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Cargo delays are building at Dubai airport, where passenger baggage is being prioritized during the peak summer holiday season. Photo credit: Karol Ciesluk / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1723793221053","Taxonomy":{"MainCategory":[{"Id":"3","Name":"Air Cargo","Redirects":[{"Path":"/air-cargo","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"JOC Staff","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1722523528000","TitlePlainText":"No sign of slowdown in ongoing air cargo ‘peak season’","Published":true,"Redirects":[{"Path":"/article/no-sign-of-slowdown-in-ongoing-air-cargo-peak-season-5703118","__typename":"Redirect"},{"Path":"/article/no-sign-slowdown-ongoing-air-cargo-peak-season_20240801.html","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eNot even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets.","__typename":"Document"},{"Id":"5703070_JournalOfCommerce","Attachments":[{"FileName":"5703071_1.0.PNG","FileType":"FeatureImage","Title":"3688261_FI.PNG","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eAir and ocean trades out of Asia are heading for strong peak seasons as the Red Sea disruption keeps shipping capacity in short supply and strong demand for e-commerce and a modal shift fills all available air freight space. \u003c/p\u003e\u003cp\u003eThe tight supply-demand balance is holding rates at elevated levels in both transportation modes, although there are signs ocean rates may have peaked on the \u003ca href=\"https://www.joc.com/article/trans-pac-rate-stall-raises-questions-about-staying-power-h1-volume-surge_20240717.html\"\u003etrans-Pacific and Asia-Europe/Mediterranean routes\u003c/a\u003e. \u003c/p\u003e\u003cp\u003ePlatts, a sister company of the \u003ci\u003eJournal of Commerce\u003c/i\u003e within S\u0026amp;P Global, pegged the North Asia-US West Coast spot rate at $6,500 per FEU as of July 24, down 10% on the week but almost four times the price during the same week last year. \u003c/p\u003e\u003cp\u003eAsia-North Europe rates stood at $8,300 per FEU this week, unchanged on the week but five times higher than the same week last year. Asia-Mediterranean rates were three times higher than the same week last year at $7,200 per FEU, although down $300 over last week. \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"ce55424f-ea0b-4e17-be99-b6d0889723a7\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eCapacity on the east-west trade lanes has remained exceptionally tight despite a huge influx of new vessels over the past seven months. \u003c/p\u003e\u003cp\u003e“Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs,” Niels Rasmussen, chief shipping analyst at BIMCO, noted in a market update this week. “Compared to one year ago, the capacity has risen 11% to 29.5 million TEUs, the fastest fleet growth in 15 years.” \u003c/p\u003e\u003cp\u003eRasmussen said the global fleet capacity was expected to exceed 30 million TEUs for the first time ever at the end of the third quarter and hit 30.5 million by the end of 2024. \u003c/p\u003e\u003ch2\u003eCapacity absorbed by longer voyages, congestion \u003c/h2\u003e\u003cp\u003eA significant amount of that capacity is being absorbed by the longer route around southern Africa to avoid Houthi militant attacks in the Red Sea and Gulf of Aden that adds more than 10 days to voyages from Asia to Europe and the US. Another capacity-absorber is \u003ca href=\"https://www.joc.com/article/port-congestion-asia-easing-shifting-india-ocean-carriers-forwarders_20240621.html\"\u003econgestion in Asian ports\u003c/a\u003e that disrupts weekly services on east-west routes and results in blanked sailings. \u003c/p\u003e\u003cp\u003eBlank sailings data from Sea-Intelligence Maritime Analysis through the end of September indicates that carriers are expecting demand to fill all available space during peak season on the trans-Pacific and Asia-Europe lanes. \u003c/p\u003e\u003cp\u003eFor the 2024 peak season, carriers have so far planned to blank 3.9% of total capacity on the Asia-North America routes, even though capacity deployed in July through September is set to grow 24.6% compared with the 2023 period, according to Sea-Intelligence. \u003c/p\u003e\u003cp\u003eCarriers on Asia-Europe will blank 5.9% of capacity this peak season, while capacity will grow 13.1% year over year. \u003c/p\u003e\u003cp\u003eAlan Murphy, CEO of Sea-Intelligence Maritime Analysis, said the fact that carriers were willing to maintain the level of elevated capacity with relatively low levels of canceled sailings indicated a confident outlook for the current peak season on both major ocean trades. \u003c/p\u003e\u003ch2\u003eAir freight demand underpinned by e-commerce \u003c/h2\u003e\u003cp\u003eIn the air cargo markets, average rates from China to North Europe and North America also softened slightly this week. Shanghai-North Europe spot rates of $4.14 per kilogram were down 5% from last week but are still up 40% year over year, according to the Baltic Air Index (BAI). The average Shanghai-North America rate this week of $5.41/kg was down 2% on the week and up 26% compared with the same week last year. \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"e273b0e9-abf6-41ac-91bc-6cd04468822d\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eImports of e-commerce from China are expected to continue underpinning demand in the air freight markets. However, not all forwarders are able to benefit from the online shopping boom, with Chinese e-commerce marketplaces such as Temu and Shein typically contracting space directly with airlines. \u003c/p\u003e\u003cp\u003eOne forwarder benefiting from e-commerce demand is Kuehne + Nagel, through its Apex subsidiary. Apex is based in Asia Pacific and operates with a large part of its capacity contracted on a long-term fixed-rate basis. Although e-commerce is only part of that business, CEO Stefan Paul said 70% of the capacity offered by Apex has already been presold for the third and fourth quarters. The air cargo peak season traditionally begins deep in the fourth quarter. \u003c/p\u003e\u003cp\u003e“That’s good news for us, because we see a good peak coming towards us during the fourth quarter this year,” Paul told analysts \u003ca href=\"https://www.joc.com/article/high-ocean-rates-air-cargo-peak-expected-elevate-kn-h2-profit-ceo_20240723.html\"\u003eduring a first-half earnings call\u003c/a\u003e this week. “We will keep a bit of a gap to give us the opportunity to adjust the selling rates on a weekly basis for the remainder, but two-thirds of our volume that we have secured is a very good indicator.” \u003c/p\u003e\u003cp\u003eDSV, by contrast, is not very active in the e-commerce markets, instead producing volume in industrial sectors such as pharmaceuticals or high tech. \u003c/p\u003e\u003cp\u003e“Many of the e-commerce companies have a direct relationship with some of the air carriers because they produce fixed volumes in certain areas and charter full planes,” CEO Jens Lund told analysts \u003ca href=\"https://www.joc.com/article/high-ocean-demand-asia-shows-signs-peaking-dsv-ceo_20240724.html\"\u003eon DSV’s interim results call\u003c/a\u003e this week. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003ca href=\"mailto:greg.knowler@ihsmarkit.com\"\u003egreg.knowler@ihsmarkit.com\u003c/a\u003e. \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Greg Knowler, Senior Editor Europe","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters. Photo credit: K+N.","__typename":"Metadata"},"ModDate":"1723793197540","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"14","Name":"Air Cargo Carriers News","Redirects":[{"Path":"/air-cargo/air-cargo-carriers-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"34","Name":"Container lines","Redirects":[{"Path":"/maritime/container-shipping-news/container-lines","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"JOC Staff","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1721926813000","TitlePlainText":"Bullish fundamentals portend solid peak season for air, ocean markets","Published":true,"Redirects":[{"Path":"/article/bullish-fundamentals-portend-solid-peak-season-for-air-ocean-markets-5703070","__typename":"Redirect"},{"Path":"/article/bullish-fundamentals-portend-solid-peak-season-air-ocean-markets_20240725.html","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eMore than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.","__typename":"Document"},{"Id":"5703080_JournalOfCommerce","Attachments":[{"FileName":"5703081_1.0.jpg","FileType":"FeatureImage","Title":"3688256_FI.jpg","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eDSV is expecting the solid growth in its second quarter air and ocean volume to continue at least through the third quarter, but there are signs that the high demand driven by early shipments on the trades out of Asia has peaked, CEO Jens Lund said Wednesday. \u003c/p\u003e\u003cp\u003eThe Danish forwarder’s cautiously optimistic outlook for the balance of 2024, presented along with its first-half results, was not as positive as that of rival Kuehne + Nagel, which \u003ca href=\"https://www.joc.com/article/high-ocean-rates-air-cargo-peak-expected-elevate-kn-h2-profit-ceo_20240723.html\"\u003epredicted on Tuesday higher profitability through the second half\u003c/a\u003e and a strong end-of-year air cargo peak season. \u003c/p\u003e\u003cp\u003e“The [ocean] volume we are shipping out of the origin areas is very high right now and that will impact our numbers when they come to the receiving end,” Lund told analysts on DSV’s H1 earnings call. “We also see that cargo is still being rolled, but that is perhaps tapering off, which could indicate that we’ve seen the peak.” \u003c/p\u003e\u003cp\u003eLund declined to be drawn into giving a detailed expectation for the fourth quarter, only noting that ocean cargo being shipped earlier than usual this year would have an impact on demand. \u003c/p\u003e\u003cp\u003e“We see a situation where the destocking that has taken place has probably come to an end and now there’s a more balanced situation between demand and supply,” he said. “I don’t see too many of our customers building up inventory levels at this moment. \u003c/p\u003e\u003cp\u003e“When we speak to our customers about their orderbooks, more than 50% are quite positive on the second half, but time will tell whether that feeds into real numbers,” Lund added. \u003c/p\u003e\u003cp\u003eOn the prospects of an air cargo peak season this year, Lund was also cautious, telling analysts there was “a fair chance” of demand accelerating in the fourth quarter. \u003c/p\u003e\u003cp\u003e“E-commerce coming out of Asia is putting rates up and this will continue into the second part of the year ... I don’t know if some governments might change the dynamics of the market,” he said. \u003c/p\u003e\u003ch2\u003eRoad division a ‘very tough market’ \u003c/h2\u003e\u003cp\u003eThe solid performance in air and ocean freight was driven by high demand and rate levels on the trans-Pacific and Asia-Europe trade lanes. Ocean freight shipped by DSV in the first half reached 1.3 million TEUs, up 6% year over year, with air cargo tonnage of 684,000 million metric tons also up 6%. \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"785b78e9-3733-49f3-a27b-e0858d81b7d8\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eDSV’s first-half revenue was up 2% year over year at $11.5 billion, gross profit fell 6.3% to $3 billion and earnings before interest and taxes (EBIT) fell 16.6% to $1.1 billion. H1 net profit dropped 23% to $741 million. \u003c/p\u003e\u003cp\u003eIn the second quarter, revenue of $5.9 billion was up almost 10% year over year, although gross profit of $1.5 billion was down 4%. Second quarter EBIT fell 12.4% to $595 million and net profit of $393 million was down 20% compared with the same period last year. \u003c/p\u003e\u003cp\u003eDSV’s road division reported 6% growth in first-half revenue of $3 billion and an EBIT increase of 1.4% to $150 million in what Lund described as “a very tough market.” \u003c/p\u003e\u003cp\u003eLow demand and continued overcapacity in the road freight markets of Europe, where 85% of DSV’s road division revenue is generated, saw lower freight rates in the first half compared with last year. \u003c/p\u003e\u003cp\u003e“Prices are being driven down, and if we’d not managed to grow our volumes, we would be in an awkward situation when it comes to road,” he said, although the road volume was not disclosed. \u003c/p\u003e\u003cp\u003eThe solutions division saw gross profit increase 12.3% in the first half to $1.8 billion, with EBIT up slightly at $1.1 billion. \u003c/p\u003e\u003cp\u003eWith greater visibility on its third-quarter bookings, DSV slightly lowered the lower range of its full-year EBIT expectations by $72 million to $2.25 billion, although the upper range of $2.46 billion remains in place. \u003c/p\u003e\u003ch2\u003eDSV tight-lipped over DB Schenker sale \u003c/h2\u003e\u003cp\u003eMeanwhile, Lund gave nothing away Wednesday when asked to give an update on the acquisition progress for Deutsche Bahn subsidiary DB Schenker with just one rival now left in its way. \u003c/p\u003e\u003cp\u003e“We have a policy that we don’t comment on specific transactions, so there’s not a lot we can add,” he told analysts. “In general, I can say we have an M\u0026amp;A strategy at DSV.” \u003c/p\u003e\u003cp\u003eMedia reports last week said a €15 billion bid by Saudi-owned shipping company Bahri had been withdrawn, leaving DSV and a partnership between investment funds CVC Capital Partners, Carlyle Group and the Abu Dhabi Investment Authority as the only bidders left in the race. \u003c/p\u003e\u003cp\u003eBhari joins \u003ca href=\"https://www.joc.com/article/maersk-citing-integration-challenges-says-wont-pursue-db-schenker-acquisition_20240701.html\"\u003eMaersk\u003c/a\u003e, Kuehne + Nagel and \u003ca href=\"https://www.joc.com/article/dhl-drops-pursuit-db-schenker-amid-questions-over-value-upside_20240306.html\"\u003eDHL\u003c/a\u003e in walking away from the DB Schenker sale. \u003c/p\u003e\u003cp\u003eGerman state-owned Deutsche Bahn Group began readying DB Schenker for sale in December 2022, but only called for bids in December of last year. Proceeds from the deal, expected to top $16 billion, will be used to reduce debt and allow Deutsche Bahn to focus on its core rail business. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003ca href=\"mailto:greg.knowler@ihsmarkit.com\"\u003egreg.knowler@ihsmarkit.com\u003c/a\u003e. \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Greg Knowler, Senior Editor Europe","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"DSV’s solid performance in air and ocean freight was driven by high demand and rate levels on the trans-Pacific and Asia-Europe trade lanes. Photo credit: Tawansak / Shutterstock.com.","__typename":"Metadata"},"ModDate":"1723793202547","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"JOC Staff","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1721832165000","TitlePlainText":"High ocean demand from Asia shows signs of peaking: DSV CEO","Published":true,"Redirects":[{"Path":"/article/high-ocean-demand-from-asia-shows-signs-of-peaking-dsv-ceo-5703080","__typename":"Redirect"},{"Path":"/article/high-ocean-demand-asia-shows-signs-peaking-dsv-ceo_20240724.html","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eJens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain. \u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain.","__typename":"Document"},{"Id":"5703084_JournalOfCommerce","Attachments":[{"FileName":"5703085_1.0.jpg","FileType":"FeatureImage","Title":"3688254_FI.jpg","__typename":"Attachment"}],"BodyHtml":"\u003cdiv class=\"phx-topic\"\u003e\u003cp\u003eKuehne + Nagel is expecting a “significant” improvement in profitability in the second half of 2024 as higher ocean freight rates negotiated with customers in the second quarter kick in and combine with ongoing demand for high-margin sea-air solutions and a strong end-of-year peak season. \u003c/p\u003e\u003cp\u003eExecutives at the Switzerland-based global forwarder Tuesday presented the sunny outlook despite sharp declines across most of its first-half financial metrics compared with last year across its air and ocean divisions. \u003c/p\u003e\u003cp\u003e“We expect stronger group profits in the second half relative to the first,” CEO Stefan Paul said during an earnings call with analysts. “Several factors give us this confidence — our visibility into stronger sea freight yields, at least to the end of Q3, alongside modest volume development; an expectation for an air freight peak season in Q4 and our ongoing yield and cost management efforts.” \u003c/p\u003e\u003cp\u003ePaul said the second-half profitability would be a large improvement on the first as higher rates negotiated with customers through the second quarter would begin to take effect on top of single-digit growth in its third-quarter container volume. \u003c/p\u003e\u003cp\u003e“We have 380 key global accounts and we had to renegotiate all the rates in the second quarter,” Paul said. “Starting from the third quarter we will benefit from the rates we have agreed with our customers and that is why we are so confident in the gross profit level moving into the third and fourth quarters. We anticipate that the second half will be significantly stronger than the first half.” \u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cdiv class=\"wrapper-full\"\u003e\u003cdynamic-object type=\"jocchartid\" resource-id=\"785b78e9-3733-49f3-a27b-e0858d81b7d8\"\u003e\u003c/dynamic-object\u003e\u003c/div\u003e\u003cp\u003eKuehne + Nagel’s first-half results were not helped by the effects of negative exchange rates on the Swiss franc, with the forwarder reporting overall revenue of $12.9 billion, down 9% year over year. Earnings before interest, taxes, depreciation and amortization (EBITDA) were down 22% at $1.3 billion, EBIT fell 32% to $873 million and net profit for the first six months was down 33% year over year at $646 million. \u003c/p\u003e\u003ch2\u003eFlat ocean volume, rising air freight \u003c/h2\u003e\u003cp\u003eThe Kuehne + Nagel unit covering sea logistics reported first-half revenue of $4.5 billion, down 17% year over year, with EBIT falling 38% to $445 million. Kuehne + Nagel handled 2.1 million TEUs in the first half, flat compared with the same period last year. \u003c/p\u003e\u003cp\u003eThe air logistics unit handled just over 1 million metric tons of air freight in the first half, up 5% year over year. While revenue of $3.8 billion in the first six months was down 4% year over year and EBIT fell 17% to $235 million, strengthening demand through the second quarter saw revenue for Q2 increasing 9% to $2 billion. \u003c/p\u003e\u003cp\u003eAir freight profitability will continue to strengthen through the third and fourth quarters, driven by seasonality, sustained e-commerce demand and shippers turning to sea-air solutions to shorten transit times from ships rerouting to avoid the Red Sea, Paul noted. \u003c/p\u003e\u003cp\u003e“We see a significant increase in our sea-air products based on the Red Sea crisis, which is ongoing, and e-commerce is still booming so we have much higher expectation for [air cargo] yields in the fourth quarter,” he said. \u003c/p\u003e\u003cp\u003eH1 revenue of $2 billion in the road logistics business unit was down 6% on the first half of last year, while EBIT of $74 million was a decline of 29% year over year. The 12 million orders processed was the same as last year. \u003c/p\u003e\u003cp\u003eThe acquisition of Canadian customs broker Farrow was completed in February, and Kuehne + Nagel is integrating and expanding its business on the southern border of the US that it said was “proceeding according to plan.” \u003c/p\u003e\u003cp\u003eIn the contract logistics segment, Kuehne + Nagel reported a better result as business strengthened in the second quarter, although first-half revenue of $2.6 billion was down 6% year over year and EBIT of $117 million was down 5%. \u003c/p\u003e\u003cp\u003eKuehne + Nagel expanded distribution centers in the second quarter for customers such as BMW and Wacker Neuson in Germany in addition to Lego in Belgium. New locations in the US and the United Arab Emirates were also opened to meet the growing demand for e-commerce and healthcare services. \u003c/p\u003e\u003cp\u003e\u003ci\u003eContact Greg Knowler at \u003ca href=\"mailto:greg.knowler@ihsmarkit.com\"\u003egreg.knowler@ihsmarkit.com\u003c/a\u003e. \u003c/i\u003e\u003c/p\u003e\u003c/div\u003e","Metadata":{"BylineOverwrite":"Greg Knowler, Senior Editor Europe","AuthorCompanyOrEventLink":null,"PaywallLocked":true,"FeatureImageCopyright":"Kuehne + Nagel processed 12 million orders in its road logistics segment in the first half of 2024, approximately the same as last year. Photo credit: K+N.","__typename":"Metadata"},"ModDate":"1723793205020","Taxonomy":{"MainCategory":[{"Id":"1","Name":"Maritime","Redirects":[{"Path":"/maritime","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"AdditionalCategories":[{"Id":"13","Name":"Air Cargo Forwarder News","Redirects":[{"Path":"/air-cargo/air-cargo-forwarder-news","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"},{"Id":"36","Name":"Forwarding","Redirects":[{"Path":"/maritime/container-shipping-news/forwarding","__typename":"Redirect"}],"__typename":"TaxonomyDictionary"}],"__typename":"Taxonomy"},"DataDeliveryTaxonomy":{"ConnectAuthorsValues":[{"Value":"JOC Staff","__typename":"ConnectAuthorsValues"}],"__typename":"DataDeliveryTaxonomy"},"PublishDate":"1721751813000","TitlePlainText":"High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO","Published":true,"Redirects":[{"Path":"/article/high-ocean-rates-air-cargo-peak-expected-to-elevate-kn-h2-profit-ceo-5703084","__typename":"Redirect"},{"Path":"/article/high-ocean-rates-air-cargo-peak-expected-elevate-kn-h2-profit-ceo_20240723.html","__typename":"Redirect"}],"AbstractHtml":"\u003cdiv class=\"phx-topic abstract-wrapper\"\u003e\u003cp\u003eKuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.\u003c/p\u003e\u003c/div\u003e","AbstractPlainText":"Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.","__typename":"Document"}],"isError":false,"pageType":0,"horizontalProms":[{"Id":"4afc17d8-d881-4908-a086-645154a4ea15","Name":"Subscribe Now - Free Trials - Wide Box","Description":"Subscribe Now - Free Trials - Wide Box","Body":"Use code PDW25 at checkout to save 25% on the first year of any annual subscription! 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","Title":"Upgrade Subscription","PromotionType":"OFFERBOX","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=offer_box\u0026utm__campaign=upgrade","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1672223948951","PublishingEnd":"1767243599951","SubscriberLevel":["Silver","Silver_Plus","Gold_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"},{"Id":"76d83ad1-55ce-45c1-b662-5ada260ea17b","Name":"Subscribe Now - Free Trials - Offer Box","Description":"Subscribe Now - Free Trials - Offer Box","Body":"PRESIDENTS DAY SALE: Use code PDW25 at checkout to save 25% on first year of any subscription plan!\n","Title":"Subscribe Today","PromotionType":"OFFERBOX","ButtonLink":"https://joc.com/subscription/choose-plan?utm_source=joc\u0026utm_medium=offer_box\u0026utm__campaign=subscribe_free_trial","ButtonOpenInNewWindow":false,"ButtonText":"Save Now","CardLink":"","Icon":null,"Published":true,"PublishingStart":"1669632208841","PublishingEnd":"1767243599841","SubscriberLevel":["Silver_Free_Trial"],"CloseDelay":null,"DisplayDelay":null,"DisplayPerSession":null,"Taxonomies":[],"TargetUrls":[],"Position":null,"FeatureImageId":null,"FeatureImage":null,"__typename":"InternalPromotion"}],"nativeAdvertising":[{"Id":"5994e1c1-333c-462d-a230-0e63dd01a9b8","Title":"Shippers save money, time with automated transportation bidding tools","ContentBody":"\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe world of LTL is slow to embrace change. Business anachronisms permeate current supply chain processes. These vestiges of the way things used to work define the LTL freight transportation procurement process of many modern shippers.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eDavid Knuth, logistics specialist at IEWC, a global supplier of cable and wire based in Wisconsin, is happy to have modernized the RFP process, automating the entire LTL bidding procedure with Bid$ense, SMC³’s automated truckload and LTL freight transportation sourcing solution. But when prompted, he can still recall what once was.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn his previous job, a large part of his duties were consumed by creating an intermodal bid package for carriers. In a spreadsheet, Knuth detailed the company’s volumes lane by lane, taking care to delete any errant keystrokes or misleading data. He would then email out the information to each carrier, taking time to respond to detailed technical questions about the spreadsheet data. Finally, he had to compile all the results, create an algorithm that would compare the carriers on each lane, and award the business.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“It was a huge undertaking. It took about four months to do,” Knuth said of the old process. “It was almost a full-time job for that part of the year, every year.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn his new job at IEWC, he sat down with Bid$ense on day one and was amazed at the capabilities. Knuth had never before used a bid tool. SMC³’s latest versions of Bid$ense automate the process even further, taking truckload and LTL RFPs entirely online. The tool draws on RFP best-practices protocols to streamline the bidding communication process, enabling bidding carriers to respond accurately and promptly to shipper requests. The solution also does all the distribution work automatically, electronically submitting shipper bid data to carriers based on their actual service capabilities and performance records. Carriers are alerted with timely prompts for RFP deliverables, so shippers aren’t waiting by the phone for responses.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eAnother benefit of automating the process is the data-cleansing assistance. When Knuth sent spreadsheets to carriers, data errors might cloud the bidding process; he might have to resend data or simply accept a price that did not truly reflect the costs of doing business. Data cleansing is incredibly beneficial, he said.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe spreadsheet technique also made bidding analysis an onerous task. Since Bid$ense automates and streamlines the entire RFP process, intensive examination is now simple. SMC³ knows that each bid has more than one best outcome. With uniform responses from each carrier, shippers can quickly rank results and create an unlimited quantity of what-if scenarios to make the optimal procurement decision.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eJesse Burnett of Central Garden \u0026amp; Pet experiences many of the same benefits. Founded in 1980, Central Garden \u0026amp; Pet has spent the last three decades growing from a small garden supply company to a provider of a range of products from dog chews and bird seed to soil supplements and natural insecticides. For much of its life, the company shipped these disparate goods via LTL and truckload carriers to retailers throughout the country, relying on each business unit to negotiate directly with their freight transportation providers. This arrangement worked fairly well for a small company, but as Central Garden \u0026amp; Pet expanded, leadership decided to consolidate decision making.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eBurnett helped centralize the transportation decision making in 2015 with SMC³’s Bid$ense. Before Bid$ense, every business unit operated independently as far as negotiating with carriers.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“There were a lot of different things just floating around,” he said. “We didn’t have master agreements in place; no national pricing at all. The pricing from carriers was just all over the place, depending on where you were.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThe transformations he saw with Bid$ense were immediate. Burnett has been using the tool about every other year since its implementation at the company. Central Garden and Pet’s $19.6 million 2019 LTL bid saved the company just more than 9 percent when compared to its historical average. For Burnett, though, bid automation extends far beyond savings.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“We knew that we weren’t getting the best pricing offer from our carriers just because nothing was centralized,” he continued. “We knew that if we combined everything from all these business units and paired it with one corporate offering, then it would drive some cost benefit with it.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWhen the company initially decided to centralize bid procurement, executives researched a number of different methodologies and technologies. In the end, though, Burnett found that Bid$ense was both widespread and well known, and that his carrier partners already knew how to use the application. Burnett also highlighted the data-cleansing process as a major benefit, saying the rigorous process ensures that carriers always return the best price.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e“It definitely has helped drive savings,” he said. “Any time you go out there and you drive that competitiveness with the carriers and they know they’re in a bid environment, it seems to sharpen their pencils.”\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eTransportation procurement is an integral part of the modern supply chain. With Bid$ense, shippers can develop a strategic implementation plan that saves them time and money, but also helps them create strong relationships with their carrier partners. These carriers appreciate the solution’s data-cleansing process; when carriers receive a complete shipment history and future volume forecast, they don’t have to guess on pricing. Carriers that receive more data from shippers get a complete picture of that shipper’s freight, allowing them to accurately plan instead of simply preparing for the worst-case scenario. Clean data presented through an automated system can lead to both bigger shipment savings and a lasting partnership between carrier and customer.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eWhether customers are looking to streamline over-the-road transportation bidding by automating the RFP process or create an entirely new, centralized sourcing process, Bid$ense has the analytical horsepower to get the job done.\u003c/span\u003e\u003c/p\u003e\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eSMC³ 2020 Customer Case Study\u003c/span\u003e\u003c/p\u003e","Author":"Sponsored by SMC3","PhotoCutline":"Photo Credits: Shutterstock","FeatureImageId":"5a250a9a-79d5-4e11-99a9-055c34871cc2","FeatureImage":{"Id":"5a250a9a-79d5-4e11-99a9-055c34871cc2","Name":"SMC3rates_shutterstock_5247046.jpg","Path":"/content-assets/1724062812611_SMC3rates_shutterstock_5247046.jpg","__typename":"File"},"Taxonomy":null,"Redirects":[{"Path":"/shippers-save-money-time-with-automated-transportation-bidding-tools-5994e1c1","__typename":"Redirect"}],"EntityMetadata":{"CreatedAt":"1724062819729","__typename":"EntityMetadata"},"__typename":"PartnerContent"},{"Id":"c7bc78df-b12e-42e2-964e-ea543f4d66a9","Title":"Filling the Supply Chain Education Gap with LTL Education Courses","ContentBody":"\u003cp class=\"joc_admin__paragraph\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIf there’s one immutable truth in the world of logistics, it’s this: LTL is an inherently complex form of transportation. Tariffs, rates, DIM weights, transit times — it’s enough to confuse even seasoned logistics professionals. The solution to this knowledge gap has historically been on-the-job training or university supply chain education, but for a variety of reasons there is now a pressing need for third-party, remote LTL training that prepares logistics workers for transportation success.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eGlobal Scope Can Overlook Local Intricacies\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eIn the past, professionals looking to move into a supply chain career learned about the basics of supply chain from universities. However, many of these college supply chain programs are now global in scope, focusing on worldwide supply chain management instead of the intricacies of specialized domestic transportation. And even these programs, which used to be widespread, are becoming less common. LTL is not an industry of broad-brush strokes; supply chain professionals really need a pointillistic understanding of the logistics of LTL in order to excel in the industry.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eAccelerating Need for Dedicated LTL Education\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThis lack of specified training put the onus on employers to prepare new hires with the LTL knowledge needed to do their jobs. Dedicated LTL study is a necessity, not a luxury. At the same time, changes in LTL and the broader supply chain world are accelerating. The reliance on e-commerce has ballooned since the start of the pandemic, and last-mile LTL shipments and related e-commerce strains on the supply chain won’t diminish once social distancing abates.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThat genie isn’t going back into the bottle. So supply chain employers need logistics workers that are fully versed in all aspects of the industry, ready to solve unique shipping and delivery problems based on their extensive supply chain knowledge But why care about LTL? It’s been reported that some shippers in today’s world are no longer concerned with what mode is used to ship their goods.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e\u003cstrong class=\"joc_admin__textBold\" style=\"white-space: pre-wrap;\"\u003eA Multimodal Approach Ensures On-Time Delivery\u003c/strong\u003e\u003c/b\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eThis mode agnosticism means supply chain stakeholders have to be well versed in all modes of transportation. As unforeseen weather events and other disruptions, such as protests, become more common, savvy logistics employees will need to be armed with familiarity of all modes, not just the most popular, to ensure that freight is delivered on time, without damage, and in the most financially expedient way possible. Offerings like SMC³’s LTL online education courses cover a wide range of topics from LTL basics and operations to more advanced concepts like pricing analytics and transportation law. The company also has plans to continually refresh content, adding new expert presenters and taking the feedback of students to make the courses even better as time goes on.\u003c/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eLearn more about\u0026nbsp;\u003c/span\u003e\u003ca href=\"https://logisticstrainingcenter.com/smc3-courses/\" rel=\"noreferrer\" class=\"joc_admin__link\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003eSMC³’s LTL Online Education program\u003c/span\u003e\u003c/a\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003e\u0026nbsp;and view the 2021 hybrid schedule, featuring live industry experts,\u0026nbsp;\u003c/span\u003e\u003ca href=\"https://www.smc3.com/onlinelearning2021/\" rel=\"noreferrer\" class=\"joc_admin__link\"\u003e\u003cspan style=\"white-space: pre-wrap;\"\u003ehere.\u003c/span\u003e\u003c/a\u003e\u003c/p\u003e","Author":"Sponsored by SMC³","PhotoCutline":"Photo Credits: Shutterstock","FeatureImageId":"bf8b13fa-df15-4b0e-8d1d-d8ef28bdb121","FeatureImage":{"Id":"bf8b13fa-df15-4b0e-8d1d-d8ef28bdb121","Name":"SMC3rates_shutterstock_5247046 (1).jpg","Path":"/content-assets/1726241504084_SMC3rates_shutterstock_5247046 (1).jpg","__typename":"File"},"Taxonomy":null,"Redirects":[{"Path":"/filling-the-supply-chain-education-gap-with-ltl-education-courses-c7bc78df","__typename":"Redirect"}],"EntityMetadata":{"CreatedAt":"1726241511473","__typename":"EntityMetadata"},"__typename":"PartnerContent"}],"taxonomyTree":[{"Id":"3","Name":"Air Cargo","Menu":true,"MetaTitle":"Air Cargo News | Journal of Commerce","MetaDescription":"Get the latest air cargo news and analysis with JOC. 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