What is new in the air cargo and air freight industries? Global Trade has the answers – check out the industry news and trade articles.
Air Cargo accounts for a relatively small percentage of world trade when calculated by overall volume (approximately 10%). However, when the type or value of products being transported is taken into account (technology, business services, pharmaceuticals), its importance significantly increases. If something needs to be where it’s going quickly, especially when the destination is international, air cargo plays an essential role in that supply chain. High-speed delivery has become essential to our economy, as more companies opt to receive goods and bring them directly to market, thus avoiding costs associated with inventory, warehousing and logistics. Air cargo reduces the 30-day shipping time of ocean transport to less than 48 hours. When fruits, vegetables and flowers need to be sent from remote agricultural reasons to major cities around the world, companies rely on air cargo to deliver these products on time. That capability has also been a boon to economic development in the places where these perishable goods are produced.
Harsh Campaign Rhetoric Turned to Apparent Accommodation to Confrontation in the South China Sea
Given President Donald Trump’s harsh rhetoric on the campaign trail regarding China trade issues, observers assumed that the Trump administration would aggressively pursue freedom of navigation operations (FONOP) in the South China Sea, to counter China’s land-grabbing activities in that area. They had some reason to expect these activities. At his conformation hearings before the… Read More
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