Threat of US import tariff increase adds to European automotive market woes.
London Heathrow has been the scene of flight chaos today after a major fire at a nearby electrical substation, late yesterday evening local time, cut off power supplies at Europe's busiest airport. Earlier today, the airport’s operating company warned of “significant disruption over the coming days,” urging all travelers and cargo stakeholders not to approach the airport until further notice.
Uncertainty is arguably at an all-time high in ocean shipping with market visibility nigh on impossible. Questions abound but answers are in extremely short supply.
While the sector remains heavily fragmented and the biggest market share for any single company is estimated as being no more than 10%, what is the outlook for small and medium-sized (SME) forwarders when scale is the prevailing mantra?
The European Union (EU) is preparing a major overhaul of its Customs regulations with freight forwarding, logistics, and Customs service’s body, CLECAT, urging that reform consider “the realities of modern supply chains, which involve multiple parties.”
The prospect of a significant increase in tariffs on goods imported into the U.S from China could have the effect of boosting air cargo, according to a senior industry executive.
Transport infrastructure mega-projects invariably capture the headlines, given their monumental size, scale and cost and more so when they are announced as being ultra-innovative, even revolutionary in design and make full use of emerging and disruptive technologies, such as AI and robotics.
Cross-border e-commerce has indisputably become air cargo’s golden egg in recent years to a point where it is no exaggeration to suggest that it is fast-becoming the sector’s leading commodity surpassing general cargo.
The take-off of French cargo airship startup Flying Whales is proving neither smooth nor simple despite being vaunted as a prime example of the low-carbon transport of the future.
An interview with Stéphane Berninet, head of CMA CGM’s Project Cargo division
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