Air cargo rates fall as top trade lanes see ‘subdued’ peak season
Global spot prices dropped for the sixth consecutive month, and current market signals don’t suggest a near-term turnaround, according to Xeneta.
Global spot prices dropped for the sixth consecutive month, and current market signals don’t suggest a near-term turnaround, according to Xeneta.
A predicted annual growth rate of 9% for the space economy to 2035 will intensify the demands on cargo handlers.
While premium pricing has long been elusive for ocean carriers, the cost benefits from the Maersk-Hapag-Lloyd alliance may prove to be enough to justify overhauling the network.
The product, known as Fast Track, is the latest effort by an intermodal carrier to attract customers who depend on precision and dependable service, qualities that railroads have often struggled to deliver.
The South Coast Air Quality Management District governing board has approved an emissions reduction plan that requires the ports to develop and implement charging and fueling infrastructure and invest in zero or near-zero emission trucks, locomotives and cargo handling equipment.
The closures mark the food and beverage giant’s latest efforts to align production with slowing sales volumes and changing consumer preferences.
The United States Trade Representative also confirmed in a statement Sunday that planned 100% tariffs on China-built ship-to-shore cranes and other cargo handling equipment, due to take effect Monday, have also been suspended for a year.
The carrier is focusing on cost savings, growth in other trade lanes and additional measures as the exemption’s end shakes up supply chains.
Lured by shorter voyage times and commensurate cost savings, shipping companies have dipped their propellers into the frigid Arctic waters since the northerly routes became commercially viable due to warmer conditions about 15 years ago.
The wood packaging materials that are meant to protect project cargoes during their journey can be contaminated with pests, and that means importers face significant financial risks.