The financial cost of the coronavirus outbreak to container lines is now approaching the $2bn mark, according to new research from SeaIntelligence Consulting.
Up to the beginning of this month, the Copenhagen-headquartered analyst estimates that the industry has lost 1.9m …
The “frenetic” air freight market has become “pay to play”, as prices soar.
“This is one of the fastest peak seasons ever,” said one air freight forwarder. “The market has got very f..ked up, very quickly.
“It’s becoming a pay-to-play …
The ripples from from China’s extended factory shutdown are still spreading for forwarders serving key Asia-Europe tradelanes.
One based in Munich told The Loadstar there was “little air cargo on the move”.
He said: “Inbound you don’t see a lot; …
Bangladesh’s apparel sector, the country’s top foreign currency earner, is being hit by coronavirus-related supply chain disorder, with prices for raw materials soaring.
As materials from China fail to arrive in time, prices of local stocks of items have gone …
IATA’s World Cargo Symposium has been ‘postponed’, according to organisers, following cancellations and concerns from participants.
Following a meeting today, IATA decided not to go ahead with next week’s event.
It said: “Over the past few days, we have been …
“Weakening trade volumes on China in- and out-bound lanes had a negative ebit impact of €60m-€70m, c.16% of ebit in February. Management indicated trade volumes are now slowly recovering, but that the full impact can not yet be quantified. We …
A late August 2019 UBS note has been open in my laptop dock for over six months, and every time it pops up I do wonder when the little gem subject of the Swiss broker’s coverage – New Zealand’s Mainfreight …
