Spot rate at its lowest in more than three years 
According to the latest weekly market analysis from Clive Data Services, part of Xeneta, the global air cargo spot rate flattened to USD 2.19 per kg in August, its lowest level since the onset of the pandemic. Of ten major trade lanes, only China-USA and Southeast Asia-USA... more
The supply chain and Mother Nature 
More natural catastrophes take a higher toll. In the past it used to be mainly reinsurance companies that were concerned. Today, however, all of the players in the supply chain have to pay more attention to the effects of natural disasters. Low water levels are currently an... more
Panama Canal: restrictions extended
The Panama Canal has prolonged its restrictions by ten months due to the ongoing drought. The measures include reducing the daily ship capacity from 36 to 32 and lowering the maximum allowable draft to 13.4 m, down from 15.2 m. Waiting times for transits have increased,... more
US air forwarders now halfway to Europe
The Washington-based air forwarders' association AFA has welcomed Icelandair Cargo to its 200-strong member base, as it focuses on extending its membership to include Europe-based companies with a US office. Icelandair Cargo joins the AFA as the carrier embarks on the... more
TNW adds scrapping to portfolio
TNW Corporation is cooperating with Easy Recycling Services, a certified industrial scrap company, to expand its rail service portfolio at its Texas North Western Railway (TXNW) line in Sunray (TX). At Sunray, TXNW will now be able to accept a wide variety of railcars that... more
FedEx to open new facility in Istanbul
FedEx Express Europe, a subsidiary of FedEx Corp., has signed an agreement to build a new global air transit facility at IGA Istanbul Airport (IST) by November 2024, reflecting the rapid rise of IST as a strategic cargo hub connecting businesses across six continents. Its... more
Dallas rail transload hub under new leadership
USA-based Jaguar Transport has entered into an agreement with Loup Logistics, a subsidiary of Union Pacific Railroad (UP), to operate the Dallas Transload Solution (DTL) in Texas. The facility connects with UP and features three transload tracks, trucks scales, covered storage,... more
Eroad relocates headquarters to San Diego
Eroad, a provider of fleet performance management, announced the relocation of its North American headquarters from Portland, Oregon, to San Diego, cementing the region as the epicentre of fleet technology in the USA. The company has also bolstered its leadership team with... more
Airbus/Latam to fund MIT study on decarbonisation
Airbus and Latam Airlines Group have funded a study at the Massachusetts Institute of Technology (MIT) Joint Programme on the science and policy of global change. The study, entitled "Options for Decarbonising Aviation in Latin America in a sustainable way: an... more
Former CFO becomes CEO
After a three-month search reviewing candidates from all parts of the USA and the industry, the Port of Corpus Christi Commission voted in a special meeting on 6 September 2023 to promote Kent Britton, CFO of the Texan port since 2019, to the position of full-time CEO. He has... more