Drewry’s East-West Air Freight Price Index slipped 2.3 points in March to a reading of 99.5, losing the gains achieved in February. The London-based research and advisory firm said: "A retreat in pricing was anticipated with load factors softening following factory closures over the Chinese Lunar New Year holiday period and from easing congestion in US West Coast ports dampening air freight demand." Drewry expects air freight pricing to have recovered through April, with the onset … [Read more...] about Drewry: Airfreight rates slip in March
Freight Forwarders
IATA criticizes Indonesia’s new cargo regulation
The International Air Transport Association (IATA) has raised its concerns about a new regulation on air cargo and supply chain safety issued by the Indonesia’s Transportation Ministry, saying it could reduce the competitiveness of Indonesia’s air freight. The new regulation, No. 32/2015, requires additional layers of cargo inspections at international airports that will create additional costs. Logistics companies are now required to have their cargos screened by regulated … [Read more...] about IATA criticizes Indonesia’s new cargo regulation
Portland-Asia cargo flight to be revived
Oregon governor Kate Brown has approved a fund of US$50,000 aimed at trying to ensure an air cargo service between Portland and Asia is resumed. It's one piece of a US$300,000 plan by the State of Oregon and the Port of Portland, which owns and operates Portland International Airport, to compensate for the loss of a marine container terminal, now that Terminal 6 has lost both of its major shipping lines. Korea’s Asiana Airlines discontinued its freighter flights from Incheon … [Read more...] about Portland-Asia cargo flight to be revived
IATA criticizes Indonesia’s new cargo regulation
The International Air Transport Association (IATA) has raised its concerns about a new regulation on air cargo and supply chain safety issued by the Indonesia’s Transportation Ministry, saying it could reduce the competitiveness of Indonesia’s air freight. The new regulation, No. 32/2015, requires additional layers of cargo inspections at international airports that will create additional costs. Logistics companies are now required to have their cargos screened by regulated … [Read more...] about IATA criticizes Indonesia’s new cargo regulation
Changi reduces airport usage fees
Changi Airport Group (CAG) announced several reductions and rebates to aeronautical fees at Singapore Changi Airport, which will benefit airlines, ground handling agents and passengers. These include reductions to passenger service fees for transfer/transit passengers, landing fees for larger aircraft types, and franchise fees for flight catering and ground handling services. Existing rebates on landing fees for long-haul flights, aircraft parking and aerobridge charges will also be … [Read more...] about Changi reduces airport usage fees
Delhi, Schiphol to jointly promote trade lane
Delhi Airport and Amsterdam Airport Schiphol have signed a Memorandum of Understanding (MoU) to collaborate on, and promote, cargo business between them. The MoU’s scope includes business promotion, product development, knowledge sharing, training, performance benchmarking and regulatory agency cooperation. It is intended to enhance Delhi’s and India’s logistic capabilities at a global level. Speaking at the signing ceremony in Delhi, I Prabhakara Rao, CEO, DIAL … [Read more...] about Delhi, Schiphol to jointly promote trade lane