IATA: Air Freight Shows Modest Growth for March 2015 The International Air Transport Association (IATA) released data for global air freight markets, showing a modest 1.6% rise in volumes in March compared to a year ago. The March performance stands in contrast to the strong 12.2% rise reported for February. However, February’s performance, was skewed positively by the … [Read more...]
LA, LB Ports – Congestion Eases
LA, LB Ports - Congestion Eases... On Thursday (yesterday) as well as Tuesday, there were brief periods of no container vessels arriving. This is a significant indicator that the congestion is easing. From JOC: The largest U.S. port complex is not out of the woods yet, however, as the vessel arrival schedule provided by the Marine Exchange of Southern California showed … [Read more...]
Are You Ready for ACE?
Are You Ready for ACE? The first deadline is fast approaching - May 1st! What is Ace? See our blog post Here are the deadlines as posted by the CBP: May 1, 2015: The deadline for mandatory use of ACE for all electronic manifest filing. Nov. 1, 2015: The deadline for mandatory use of ACE for all electronic cargo release and related entry summary filing. Oct. 1, … [Read more...]
China – Europe Cargo Rail Services
China - Europe Cargo Rail Services From the Guardian: The longest rail link in the world and the first direct link between China and Spain is up and running after a train from Yiwu in coastal China completed its maiden journey of 8,111 miles to Madrid. The railway has been dubbed the “21st-century Silk Road” by Li Qiang, the governor of Zhejiang province, where Yiwu is … [Read more...]
IATA: Three Priorities for Air Cargo
Three Priorities for Air Cargo From Tony Tyler, IATA’s Director General and CEO at the opening of the 9th World Cargo Symposium in Shanghai, China. “Air cargo has had a challenging few years. 2014 saw the first significant boost in volumes since 2010, a trend we expect to continue this year. Revenues, however, are still down from the 2011 peak, and yields are falling for … [Read more...]