Air Freight News
US sanctions firms in China, UAE for support of Russia’s war
The US on Wednesday announced sanctions on nearly 300 companies and individuals, including in China and the United Arab Emirates, for alleged support of Russia’s…
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Canada unexpectedly flips to deepest trade deficit since June
Canada recorded a goods trade deficit of C$2.28 billion ($1.7 billion) in March, the widest since June 2023 and missing expectations in a Bloomberg survey…
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Google uses AI to fast-track predicting weather catastrophes
Google has developed a new generative AI model that it says can predict weather patterns more efficiently than conventional physics-based weather forecasting models, up to…
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Crowley and Teamsters Union Local 901 reach new agreement in Puerto Rico
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and…
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Averitt recognized as Logistics Supplier of the Year by Trane Technologies
Averitt, a leading provider of transportation and logistics services, has been awarded Trane Technologies’ Logistics Supplier of the Year.
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Stonemont Financial Group delivers industrial park in Wilmer, Texas
565,000-square-foot development caters to regional and national distributors, expands firm’s footprint in North Texas
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Air cargo’s ‘black swan’ event sees demand peak, as attention turns to Q4 market
The impact of air cargo’s ‘black swan’ event – conflict in the Red Sea disrupting ocean freight services – showed signs of easing in April…
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South Korea’s export growth picks up, led by record US demand
South Korea’s export growth accelerated last month, led by record demand from the US fed by strong economic momentum as China struggles to recover from…
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Retailers and wholesalers overtook 3PL providers as top drivers of big-box warehouse demand in 2023
General retailers and wholesalers leased the most big-box warehouse space in North America in 2023, accounting for 36% of all transactions, according to a new…
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MSC BRC - scope: East Africa and Red Sea to USA and San Juan Puerto Rico
MSC’s new monthly Bunker Recovery charge (BRC) as of June 1st, 2024, last container gate in date.