HIGHLIGHTS
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IATA: SAF production set for continued growth but needs policy support
June 6, 2023 - The International Air Transport Association (IATA) announced its expectation for overall renewable fuel production to...
GEODIS acquires Swiss freight forwarder, International Transport & Shipping Ltd.
June 2, 2023 - GEODIS announced that it had acquired the Swiss freight forwarder ITS - International Transport & Shipping L...
WorldACD: Global tonnages down 6% year-on-year in May
June 1, 2023 - Global air cargo tonnages partially recovered in the last full week of May after having dropped the week before, while...
IATA: Air cargo demand decline slows in April
May 31, 2023 - The International Air Transport Association (IATA) released data for April 2023 global air cargo markets, showing a...
Suez Canal Economic Zone gets over US$3B in Chinese investments
May 31, 2023 - Following an official Egyptian visit to China in end-May, Chinese companies have committed to invest US$3 billion worth...
FedEx strikes deal with pilot union averting strike
May 30, 2023 FedEx has announced that it has achieved a "tentative agreement" with its pilots regarding an...
Asia Pacific airlines record another month of cargo slump in April
May 30, 2023 Asia Pacific airlines recorded another month of cargo decline in April — following a downtrend seen since the start of...
Drewry: Reefer shipping to outpace dry cargo trade growth
May 29, 2023 Seaborne reefer trade is poised for a return to growth in 2023, with volumes set to increase by 2.1%, outpacing the...
PSA acquires minority stake in Vietnam logistics firm, SOTRANS Group
May 25, 2023 PSA International Pte Ltd (PSA) has through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments Pte...
Suez Canal traffic halted momentarily as Hong Kong-flagged ship runs aground
May 26, 2023 A Hong Kong-flagged cargo ship has briefly ran aground again in the Suez Canal on May 25 blocking one of the...
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