Shipper frustration as spot rates rise alongside demand, and cargo is rolled
A strengthening demand scenario on the Asia-European trades appears to have caught carriers and forwarders ...
Three Indian airlines have had their appeal against a fine for overcharging cargo customers allowed. Jet Airways was fined $22.9m, Indigo $9.6m and SpiceJet $6.4m – about 1% of turnover – after an investigation by the Competition Commission of India (CCI). The probe followed a complaint in 2013 by the Express Industry Council of India, representing 29 parcel transport firms. The commission noted: “The airlines acted in parallel in collusion in fixing fuel surcharge rates [FSCs]. Such conduct was found to have resulted in indirectly determining the rates of air cargo transport.”
The airlines had levied uniform FSCs at the same time, and then raised them despite no corresponding increase in fuel prices. The case has now been referred back to the CCI.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article