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.
As we welcome the new decade and the exciting advances it is expected to unleash, many of the forces that… Read More
Lufthansa Cargo which asserted its position as the biggest cargo carrier on the North Atlantic route, has also been looking at other regions, particularly Asia which is the fastest growing market for cargo traffic.
The Port Authority of New York and New Jersey has unveiled plans to build what will be the world’s first… Read More
Washington, DC – The US Department of Transportation (DOT) has rejected a ‘procedural application’ from discount air carrier Norwegian Air… Read More
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