At the end of a hot summer for air cargo 
Global average air cargo spot rates of 2.68 USD/kg in August were boosted by the continuing imbalance between supply and demand. According to Xeneta’s latest weekly analysis, last month's global cargo supply increased at its slowest ratio in 2024 to-date at 2% year-on-year,... more
36, 50, 110 – going, going, gone... 
Water levels in the Panama Canal. 15 August marked the 110th anniversary of the first official passage of a ship, the USA’s SS Ancon, through the Panama Canal, thus inaugurating the key global channel. This year maritime trade, for which the artificial waterway at the junction... more
Bruce Cutillo hands over the baton
WCA Projects, a project forwarding logistics network, has selected Erwin van der Genugten (right) as its new general manager from January 2025, following the retirement of Bruce Cutillo (left), at the end of this year. Van der Genugten: “Cutillo has done an amazing job in... more
KN's Caribbean collaborations
Kuehne + Nagel (KN) is looking to expand its presence in the Caribbean by appointing three new representative agents in the region. Working with Gulf and Maritime Services in Trinidad and Tobago, which has a large oil and gas sector, KN will be able to ramp up its customised... more
FedEx names executive vice president
FedEx Corp. has named Gina F. Adams executive vice president, general counsel and secretary, effective 24 September 2024. Accordingly, she will become the general counsel-elect on 1 September and assume the role on 24 September 24. Adams succeeds Mark R. Allen, who will move... more
Bomb ticking in Bangladesh
Delivery delays and rising prices after unrest and the fall of the government. On 8 August, three days after prime minister Sheikh Hasina fled ignominiously to India, the airfreight analysts at World ACD established that air cargo volumes to Europe were recovering again, whilst... more
Air cargo demand still climbing
The International Air Transport Association (Iata) has released data for global air cargo markets in July 2024 showing continuing strong annual rise in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 13.6% compared to July 2023 levels (14.3% for... more
From XPO to AFS
AFS Logistics has appointed Andy Dyer as its new CEO. Dyer has more than a quarter of a century of supply chain and transport experience, including over 20 years at XPO Logistics, where, as senior vice president of managed transport, he was accountable for operations, sales, and... more
SAS emerges from restructuring proceedings
SAS has successfully completed its restructuring proceedings, initiated two years ago, and emerged from chapter 11 in the USA and the reorganisation of the Swedish company, concluding in the investment of USD 1.2 billion. The new principal owners of the reorganised company,... more
From the USA to Canada and back
Adding to its cross-border solutions between the USA and Canada, Asendia USA has announced the expansion of its network and delivered duty paid service. New facilities have been opened, bringing the company’s North American portfolio to a total of eleven hubs. The increased... more