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Air cargo shippers are racing to secure space ahead of the peak season, with air freight capacity already under pressure, amid the challenges of potential strikes and high demand. The latest IATA data shows a 14% year-on-year demand increase in July,
Global ocean freight continues to struggle with the reduction in container vessel capacity, soaring freight rates, port congestion, and equipment shortages resulting from the Red Sea diversions that were driven by the hijacking of the car carrier *Galaxy Leader* nearly
Temporary storage warehouses, also known by the simplified acronym TSW, are enclosures that offer interesting advantages for companies dedicated to the import of goods. If you are curious about them, then read on. In this article, we explain their function
Following nationwide unrest and a five-day internet blackout, broadband connections in Bangladesh have been restored, prioritising financial, industrial, export-import, diplomatic, IT, and crucial service hubs. Industrial Operations Resuming Numerous apparel factories across Chittagong, Narayanganj, and Gazipur have resumed operations. The majority of
The International Longshoremen’s Association (ILA) is facing a critical juncture as its current contract with maritime employers, represented by the United States Maritime Alliance (USMX), is set to expire on September 30, 2024. With only 80 days remaining, negotiations have
Global air cargo markets experienced robust growth in the second quarter, with rates on key trades out of Asia remaining firm into the third quarter, despite entering the typically quieter summer season. The latest IATA data shows that total demand, measured
The US Federal Maritime Commission (FMC) has delayed the approval of the Gemini Cooperation, an operational partnership between Maersk and Hapag-Lloyd, pending further information from the two carriers. The FMC move, announced on July 12, comes as the commission seeks
Market updates from Noatum Logistics provide a comprehensive overview of the current trends and projections shaping global trade and transportation sectors. The OECD, WTO and IMF have forecasted significant growth in global trade for 2024 and beyond, revising projections upwards, with
During the pandemic, analysts observed a clear link between ocean disruption and increased air freight demand, with shippers seeking certainty once-again by opting for air freight. As ocean freight rates nearing pandemic levels again, shipping reliability has been improving, despite localised
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