The World Customs Organization (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority Customs objectives and to discuss how these can be best achieved with minimum disruption to commercial operations. The new agreement — signed in Brussels by WCO secretary general, Kunio Mikuriya, and TIACA's secretary general, Daniel Fernandez — aims to keep customs and the air … [Read more...] about WCO and TIACA agree to greater cooperation
Freight Forwarders
IATA success in standardising cargo liability
The International Air Transport Association (IATA) announced the standardisation of cargo liability limits. With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonise the application of the Montreal Convention liability limit for all air cargo across all routes. IATA says the simplified approach improves efficiency for shippers and forwarders and is consistent with industry efforts to improve competitiveness by simplifying … [Read more...] about IATA success in standardising cargo liability
Air cargo demand continues rebound: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for May which showed a 34.3 per cent jump in freight demand and an 11.7 per cent increase in passenger traffic and compared to May 2009. “Demand rebounded strongly in May following the impact of the European volcanic ash fiasco in April. Passenger traffic is now 1 per cent above pre-recession levels, while the freight market is 6 per cent bigger,†said Giovanni Bisignani, IATA's … [Read more...] about Air cargo demand continues rebound: IATA
WCO and TIACA agree on closer cooperation
The World Customs Organization (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority Customs objectives and to discuss how these can be best achieved with minimum disruption to commercial operations. The new agreement aims to keep customs and the air cargo industry better informed of each other's developments and requirements through a wide-ranging exchange of dialogue and … [Read more...] about WCO and TIACA agree on closer cooperation
China will be biggest manufacturer in 2011
The US is poised to lose its 110-year run as the world's largest manufacturing nation by output, in 2011 to China, according to IHS Global Insight figures released recently. The US created 19.9 per cent of world manufacturing output last year, compared with 18.6 per cent in China, despite the global downturn. According to IHS, a US-based economics consultancy, goods output by the US totaled US$1.7 trillion, ahead of China at US$1.6 trillion. However China's factory output in 2011 will reach … [Read more...] about China will be biggest manufacturer in 2011
Canada to screen cargo in passenger bellies
In a move mirroring steps already well underway in the US, the Canadian government has announced a C$96 million (US$88.8 million) plan aimed at improving the security of Canadian air cargo, citing the potential for terrorist attacks within the commercial cargo system. The new measures, to be phased in over five years, include additional screening technologies and more stringent security checks for companies that screen cargo. While all cargo will be subject to the new measures, screening methods … [Read more...] about Canada to screen cargo in passenger bellies
