Is the trade tide turning?
In an analysis for the G20 countries, based on figures provided by the Organisation for Economic Cooperation and Development (OECD), Flexport has reported a 1.1% decline in imports and a 1.3% decline in exports in the third quarter of this year. The G20 group accounts for about... more
MGH renews RA3 certification
Madagascar Ground Handling (MGH) has renewed its certification for a period of two years as an ‘authorised agent for third countries’ (RA3) for the handling of freight for shipment to European Union member states. This certification, now valid until 3 August 2025, comes after... more
World ACD: Air cargo rates finally stabilise
Global air cargo tonnages have continued to slide downwards in November, normally a buoyant month in the air freight calendar, with a further steep decline in week 47 (21 to 27 November) led by falling volumes to and from North America (-20%). The decrease in chargeable... more
A new service to call in Egypt?
New options for goods traffic between Egypt and Russia are currently under negotiation. Andrey Severilov, chairman of the board of directors of the Fesco Transport Group, is in contact with Yasser Moustafa, the head of the commercial bureau of the Egyptian embassy in Russia, to... more
4th edition of Air Express Market Outlook is out
Cargo Facts Consulting (CFC), a global consultancy to the air logistics industry and a sister venture of industry publication Cargo Facts, has released its latest report. The 4th edition of Air Express Market Outlook provides a historical overview and five-year growth... more
Eco-friendly trucks for South African retailer
The Shoprite Group is the first South African retailer to pilot a heavy-duty electric truck as part of its fleet. The Scania battery electric vehicle is 100% electric, therefore has no reliance on fossil fuels and emits no carbon dioxide. The refrigerated truck can hold 16... more
PAC helps deliver male rhino to Honolulu Zoo
Pacific Air Cargo has been delivering its share of precious cargo this year. On Tuesday, 15 November 2022, the air freight company helped to deliver Kendi, a male rhinoceros to the Honolulu Zoo from Los Angeles. Kendi, an Eastern black rhinoceros, was born in Cincinnati on... more
Negative impact on world trade
In October 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined sharply to 120.8 points from the 124.2 points (seasonally adjusted) registered the month before,... more
Unctad: e-commerce driving maritime
The UN Conference on Trade and Development (Unctad) has published its flagship "Review of Maritime Transport 2022". For 2022, Unctad projects global maritime trade growth to moderate to 1.4%. Asia remained the world’s leading maritime cargo handling centre in 2021,... more
Algiers International Airport has a new CEO
Algeria’s minister of transport Kamal Beldjoud has installed the CEO of the Algiers Airport Services and Infrastructure Management Company (SGSIA), Mohamed Salah Kaouach. The installation ceremony took place at the company's headquarters at the Houari-Boumediene... more