Digitalisation does not mean a race to the bottom on pricing

Digitalisation will not result in a race to the bottom on pricing for forwarders, according  to SeaIntelligence Consulting founder Lars Jensen. Speaking at the annual general meeting (AGM) of forwarder association The WACO System, Jensen warned that forwarders need to embrace digitalisation or get left behind. “Digitalisation is something that should be embraced and that you cannot ignore, if you don’t jump on the

IATA reports another decline for air cargo in February

IATA reports another decline for air cargo in February 04 / 04 / 2019   Air cargo traffic declined again in February as the industry had its weakest month in terms of growth in the last three years and load factors tumbled again. Data from IATA shows that freight tonne kms declined by 4.7% year on year in February, while freight capacity was up by 2.7%. it is the third month in a row that the industry has recorded a

Air Air Freight Demand Continues Downward Trajectory in February 2019

Geneva - The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 4.7% in February 2019, compared to the same period in 2018. This was the fourth consecutive month of negative year-on-year

Airlines saw ‘steep declines’ in Asian airfreight during February

  Asia Pacific airfreight markets recorded “steep declines” in February according to preliminary figures issued by the Association of Asia Pacific Airlines (AAPA). The association saw the “prevailing weakness” in air cargo markets “further aggravated” by the closure of businesses during the region’s holiday period. Said an AAPA spokesperson: “Air cargo markets recorded

CMA CGM nears 90% of voting rights in CEVA Logistics

CEVA Logistics is likely to de-list from the SIX Swiss Exchange later this year after confirming media reports that French shipping group CMA CGM is on course to control almost 90% of the voting rights in the supply chain company. Switzerland-based CEVA said that a SFr30 per share public tender offer by CMA CGM, and the acquisition of additional shares, would give the shipping giant an aggregate of at least 49.4m shares, corresponding to


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