Transportation News, Logistics, Ports and Trade

Global food import bill set for record, taking toll on poorest

Bloomberg | June 09, 2022 | International Trade | Commodity

Realterm welcomes Radice Fossati as fund manager of its recently launched Realterm Europe Logistics Income Fund

AJOT Newsroom | June 09, 2022 | Logistics

Cincinnati Association for the Blind and Visually Impaired announces acquisition of Route Transportation and Logistics, Inc.

AJOT Newsroom | June 09, 2022 | Logistics

Etihad Cargo to increase frequencies to key destinations for the summer

AJOT Newsroom | June 09, 2022 | Air Cargo | Freighters

Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, will provide additional capacity to key destinations in the summer months across Asia, Africa and Europe.

Alpega Group acquires Road Heroes Truck Driver Platform

AJOT Newsroom | June 09, 2022 | Intermodal | Trucking

Newly established Pelagic Yield Fund acquires product tanker duo

AJOT Newsroom | June 09, 2022 | Energy | Maritime | Bulk

Senators wary of China’s tech prowess seek competition office

Bloomberg | June 09, 2022 | International Trade

CMA CGM AIR CARGO has received its first two Boeing 777 freighters

AJOT Newsroom | June 09, 2022 | Air Cargo | Freighters

• The two aircraft delivered will accelerate CMA CGM AIR CARGO’s development. • CMA CGM orders two additional Boeing 777 Freighters, with the aim to have 12 aircraft by 2026. • As an international air cargo company, CMA CGM AIR CARGO offers complete and agile solutions to the Group’s customers.

Global average monthly container prices increase for the first time in 2022

AJOT Newsroom | June 09, 2022 | Maritime | Liner Shipping

• Average container prices and leasing rates continue to decline in China • Decline in consumer demand for goods not expected to impact change in container prices and rates in the coming times

Spirit delays shareholder vote after JetBlue ups buyout bid

Bloomberg | June 09, 2022 | Air Cargo | Airlines

The vote set for June 10 will be moved to the end of the month

Paris airport scraps 25% of flights, shuts runways amid strike

Bloomberg | June 09, 2022 | Air Cargo | Airports

A quarter of flights were canceled and two runways shut Thursday by a strike at Paris-Charles de Gaulle airport, the latest upheaval to hit the European transport industry struggling to meet higher demand for travel.

China’s exports rebound as threat of broader slowdown looms

Bloomberg | June 09, 2022 | International Trade

China’s exports rebounded in May as Covid-related bottlenecks on production and logistics clear up, but a slowdown looms this year as global consumer demand for goods cools, weakening trade’s ability to act as a driver for economic growth.