Interesting new research from Transport Intelligence shows that the overall forwarding market grew 3.1% last year to $125.8bn – but that this was entirely fuelled by sea freight, which grew a surprising 11.5%. Air freight on the other hand, decreased by 4.2%. But what is of note perhaps is that the air freight market, while marginal in volumes compared with ocean, was still worth roughly the same as the ocean market – at $62.6bn.
Expeditors sues long-term client for unpaid $20m in row over invoices
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
West coast ports suffering as US container imports plunge by 37%
Taiwan carriers pay record staff bonuses after year of bumper profits
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
Shippers put more pressure on ocean carriers for carbon-free services
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Dachser's M&A in air and ocean freight – how serious is that?
Asia services expanding as logistics players opt for a 'China+1' strategy
Atlas Air merger with Apollo group finally set to close on Friday
End-of-year cargo surge adds to operational challenges at JNPT