Transportation News, Logistics, Ports and Trade

[Freightos Weekly Update] Rates keep climbing on early month increases

In air cargo, global volumes increased 13% year on year in June, with Q2 cargo out of Asia up 18% year over year, after 20% growth in Q1 mostly attributed to e-commerce volumes.

Riyadh Air signs pact with Delta to access US carrier’s network

Bloomberg | July 16, 2024 | Air Cargo | Airlines

Riyadh Air signed a preliminary cooperation agreement with Delta Air Lines Inc. as the Saudi Arabian startup looks to establish ties with carriers globally ahead of its launch next year.

DB Schenker signs record-breaking commitment to Cathay’s Corporate SAF Program

Cathay continues to make progress in growing its sustainable aviation fuel program with the forwarding giant giving it a significant boost to reduce emissions for its cargo shipments

XLP member, case study: Transporting inflatable boats from the US to Aqaba, Jordan

AJOT Newsroom | July 16, 2024 | Maritime | Breakbulk News

EFS Logistics successfully managed a challenging shipment that required innovative problem-solving and efficient logistics coordination.

Lufthansa Cargo expands network and adds new destinations in China

AJOT Newsroom | July 16, 2024 | Air Cargo | Freighters

• New stations opened in Zhengzhou and Shenzhen • A total of 19 destinations in the Asia-Pacific region

Lufthansa Cargo appoints Kulkarni as Head of Global Markets

• Cargo airline strengthens overall sales with new management position • All sales regions and digital sales united in one role

From air cargo at Schiphol to parking cars under the Vijzelgracht – Lödige Benelux technology likes to move it

AJOT Newsroom | July 16, 2024 | Air Cargo | Airports

Lödige Benelux is currently equipping dnata's new cargo terminal at Amsterdam Airport Schiphol with fully automated storage technology.

SpiceJet posts March Quarter Profit on Loan Settlement Gains

Bloomberg | July 16, 2024 | Air Cargo

Indian budget carrier SpiceJet Ltd. reported a six-fold jump in fiscal fourth-quarter profit after it settled borrowings worth $90.8 million from Canada’s export development agency at a discount.

Steerprop selected to provide comprehensive propulsion systems for world’s largest cable-laying vessel

AJOT Newsroom | July 16, 2024 | Maritime | Project / Heavy Lift | Maritime Project

Steerprop's fit-for-purpose propulsion system will help to maintain environmental performance and provide the manoeuvrability needed for operations in and around deeper offshore power projects.

Swiss WorldCargo commences 3-year cargo handling contract with WFS in Milan Malpensa Airport

AJOT Newsroom | July 16, 2024 | Air Cargo | Freighters

Worldwide Flight Services (WFS), a member of the SATS Group, has commenced a new three-year cargo handling contract with Swiss WorldCargo at Milan Malpensa Airport in Italy.

SWISS & Swiss WorldCargo obtain first-ever recognition for the company’s environmental management system

AJOT Newsroom | July 16, 2024 | Air Cargo | Freighters | Green Shipping

SWISS has recently secured its first-ever validation under Europe’s EMAS provisions for its environmental management system for the 2023 reporting year.

Spiralling ocean container shipping market set to peak, but will not bring an end to shippers’ problems

AJOT Newsroom | July 15, 2024 | Maritime

Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3.7% on 15 July to stand at USD 10 045 per FEU (40ft equivalent shipping container). Into the US West Coast, spot rates increased by 2.0% to stand at USD 8 045 per FEU.

April 2024 U.S. airline traffic data up 4.7% from the same month last year

AJOT Newsroom | July 15, 2024 | Air Cargo | General | By The Numbers

U.S. airlines carried 81.2 million systemwide (domestic and international) scheduled service passengers in April 2024, according to the Bureau of Transportation Statistics (BTS)...

Ports & Terminals

AJOT Newsroom | July 15, 2024

Oakland Board of Port Commissioners elects Michael Colbruno as Board President

The Oakland Board of Port Commissioners unanimously elected Michael Colbruno to lead as Board President. Andreas Cluver was elected First Vice President, replacing Yui Hay Lee, with outgoing President Barbara Leslie elected Second Vice President..

KR Hosts 19th European Committee Meeting in London, highlighting decarbonization and digitalization advances

AJOT Newsroom | July 15, 2024 | Maritime

KR holds the European Committee annually to discuss major industry issues with members and to inform European maritime industry leaders about KR's technological developments and business activities.

Crowley Honored with Jones F. Devlin Awards for Outstanding Commitment to Safety

AJOT Newsroom | July 15, 2024 | Logistics

With this award, Crowley was recognized for achieving 554 cumulative years of accident-free service among its recognized vessels, ranging from two to 23 years without a lost-time injury across its fleet...

Aviation Capital Group grows Boeing 737 MAX portfolio with order for 35 Jets

AJOT Newsroom | July 15, 2024 | Air Cargo | General

Lessor increases its 737 MAX order book with latest order for 737-8 and 737-10 jets to meet growing industry demand for fuel-efficient, single-aisle jets

Logistics

AJOT Newsroom | July 15, 2024

Maersk’s new Distribution Center serves American Honda’s Powersports and Products Division

Previously, Honda serviced the Southwestern U.S. from the Los Angeles area. Phoenix offers a strong labor pool, affordable real estate, and robust rail and highway transportation networks. This makes Phoenix an increasingly attractive alternative to Southern California for global businesses seeking to optimize their supply chains.