What Types of Cargo are Transported by Air?
Air cargo transports over US $6 trillion worth of goods annually, accounting for approximately 35% of world trade by value; during the COVID-19 pandemic, air cargo represented one-third of airlines’ revenue. Recently, the International Air Transport Association (IATA) released July 2022 data for global air cargo markets showing that air cargo is tracking at near […]
Brokers, forwarders adjust course as market softens
Descartes survey shows 70% still operating at 3% or better profit margin A decline in freight volumes, geopolitical concerns and cost inflation were top of mind for customs brokers and freight forwarders, according to Descartes’ eighth annual benchmark survey. Of the 272 participants polled by the supply chain software-as-a-service provider, most noted that while overall […]
How LNG shipping kept Europe’s wartime energy supply secure
A year ago, an armada of ships came to Europe’s aid, bringing U.S.-produced liquefied natural gas to replace Russian pipeline gas supplies lost in the wake of the war. The outlook for the coming winter was dire despite the surge of American LNG cargoes — then it grew even worse. A fire and explosion took […]
