PANAMA CITY — Airport infrastructure is critical to growth and efficiency between operators, Joao Pita, chief commercial and cargo officer at Sao Paulo/Guarulhos International Airport, said during a presentation at Cargo Facts LATAM 2024 on May 14. Without modern infrastructure and a set network st
Global air cargo prices fell slightly from last week, but still reflect a market that is relatively robust compared with the typical mid-May low market. In the week ending May 13, the Baltic Air Freight Index fell 0.8% week over week, though it remains up 1% year over year, according to the latest
Volumes turned positive for several freight forwarders during the first quarter. But, due to excess capacity and low rates, it was difficult for many to correlate the volume growth to strong financials. “Both air and ocean carrier capacity continue to grow, further pressuring rates that have alrea
PANAMA CITY — As the air cargo market continues to recover, aided by e-commerce growth and a slowing in disruptions in the Red Sea, Latin American shippers and carriers are seeing an increase in trade lanes between Asia and Latin America, panelists at Cargo Facts LATAM 2024 said today. E-commerce
Maersk opened an air cargo facility in Miami in April to improve connectivity from Asia, Europe and the United States to Latin American markets. The 90,000-square-foot facility is staffed by Maersk airfreight forwarders and is certified as a U.S. Customs-bonded Container Freight Station and Certifi
The air cargo industry saw several key appointments in April. Sauve-Hopkins to head dnata’s airport ops in 16 countries Dubai-based air and travel services provider dnata has appointed Clive Sauve-Hopkins divisional senior vice president of airport operations, effective immediately. In his new rol
As the aviation industry continues to explore sustainable technologies, there is one thing to remember — there’s a deadline. IATA set a target of reaching net zero by 2050 — less than 30 years away. As pressure looms, the industry is feeling the time crunch. Can the task be accomplished? Is there a
Challenge Group will launch weekly flight service from Liege, Belgium, to Dubai with a Boeing 747 freighter with a capacity of about 108 tonnes. The service will launch May 16 and continue each Thursday until June, when operations will double, with weekly flights on Tuesdays and Fridays. The second
International Airlines Group today reported 6.4 billion euros ($6.9 billion) in revenue for the first quarter of 2024, an increase of 9.2% from the same period last year. However, cargo revenue fell 12.4% year over year to $283 million. THE BIG PICTURE: Increased capacity and low demand for cargo c
Freight forwarder C.H. Robinson is using AI to automate transactions that many shippers conduct via email. C.H. Robinson’s new technology classifies incoming email, reads it and replicates the steps a person would take to fulfill a customer’s request, according to a May 7 release from the company.
