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newsmediaThe European airport trade association ACI Europe released its traffic report for December, Q4, H2 and full year 2016, registering the best performance since 2010 and confirming the continent's improving economic conditions.

Read more: Europe's Airports With Highest Growth Since 2010  

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The global air cargo market experienced 5.4 percent year-over-year growth in November to reach a level not seen since 2010, when the demand rebounded strongly, following the worldwide recession, says the International Air Transport Association (IATA).

Read more: Air Freight Demand Reaches Five Year High  

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Persistent congestion at the ports of Los Angeles and Long Beach is causing delays in shipments. As a result, both transpacific eastbound and westbound trades continued to experience decreasing schedule reliability in October, according to the latest Global Liner Performance report from SeaIntel Maritime Analysis.

Read more: Port Congestion Continues to Affect Schedule Reliability  

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Please be advised that most of SSL has change the 20’dv Formula Calculation from 0.8 to 0.85/0.9 from Oct/15.

The fixed rate we are using now are also affected by the new rule of HPL.

Read more: Most of shipping line change the the formula calculation of 20’dv (include HPL)  

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Global air cargo volumes have continued to see year-over-year growth so far this year, thanks to economic improvements in some regions and an overall improvement in the global trade. However, this volume growth is not enough to improve profitability, as high fuel prices, weak yields and growing capacity kept financial performance of global air cargo carriers from improving, according to a report by International Air Transport Association (IATA).

Read more: Growth in Freight Volumes Not Enough to Improve Air Cargo Financial Performance  

news5

The global air cargo market saw 5.1 percent year-over-year increase in August, slightly down from the 6.1 percent year-on-year growth recorded in July, but still continuing the growth trend that started in the first quarter of this year, according to the latest International Air Transport Association (IATA) report. The growth in August volumes was mainly driven by strong performance by Asia-Pacific carriers, who saw a stunning 6.3 percent growth in air cargo volumes in August.

Read more: Air Freight Market Continues its Growth Trend in August  

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Congestion at large U.S. ports is generating increased complaints by truckers and shippers about demurrage penalties for late pickup of containers that can’t be removed from gridlocked marine terminals.

Read more: Truckers, shippers protest demurrage at clogged US ports  

Testimonials

Just want to say thank you for your work in arranging for the shipment of our household goods. Everything went well; the driver (Max, I believe) worked very effectively in unpacking and placing everything as my husband requested.

Kindra Hall
Accountant, LA, USA

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