The trade association for UK freight forwarders and logistics service providers has expressed its frustration that a decision on the expansion of UK airport capacity is likely to be delayed for a further six months. In June this year, following the Airports Commission report on airport capacity in the UK, the British International Freight Association (BIFA) said that it backed the report’s proposal that the UK must push ahead on the expansion of aviation capacity with a new runway at … [Read more...] about BIFA frustrated by possible delay on Heathrow runway decision
Freight Forwarders
Air freight concerned about new EU Customs Code
TIACA has raised a warning flag over Europe's Union Customs Code (UCC) which comes into effect in less than six months, saying in a note to its members that the UCC will have a "considerable impact on businesses importing into, or exporting from, the European Union (EU).” The pending regulations set to come into effect in May 2016 look to impose an obligation on forwarders to provide financial guarantees such as to cover duty payments and for the use of temporary storage, an obligation which … [Read more...] about Air freight concerned about new EU Customs Code
2015 weakness from low vols not adverse yield dev’ts: WorldACD
For the second month in a row, the worldwide average USD-yield improved month-over-month (MoM), this time by 1.0 per cent, down however, from last year’s MoM figure of +1.7 per cent. The YoY yield change was of a wholly different nature (-17.5 per cent%), but that deterioration should be viewed against the background of two important developments in 2015, according to the latest analysis from WorldACD. Volume-wise, October 2015 was not spectacular either. For the now more than 60 airlines in … [Read more...] about 2015 weakness from low vols not adverse yield dev’ts: WorldACD
2015 weakness from low vols not adverse yield dev'ts: WorldACD
For the second month in a row, the worldwide average USD-yield improved month-over-month (MoM), this time by 1.0 per cent, down however, from last year’s MoM figure of +1.7 per cent. The YoY yield change was of a wholly different nature (-17.5 per cent%), but that deterioration should be viewed against the background of two important developments in 2015, according to the latest analysis from WorldACD. Volume-wise, October 2015 was not spectacular either. For the now more than 60 airlines in … [Read more...] about 2015 weakness from low vols not adverse yield dev'ts: WorldACD
Stifel Logistics Confidence Index lowest in three years
For the sixth successive month, the Stifel Logistics Confidence Index has declined again in November, falling to the lowest registered in three years. The monthly decline registered in air freight was more moderate than that witnessed in sea freight, however, with the former was down by 0.4 points to 48.9, while sea freight dropped 2.8 points, amounting to 46.1. The continuation of negative macroeconomic trends at the global level, primarily a result of the lethargic Chinese economy, … [Read more...] about Stifel Logistics Confidence Index lowest in three years
IAG brings Cargo Connector service to 8 US airports
IAG Cargo has launched its new Cargo Connector delivery service in the US. IAG Cargo customers in the country now benefit from an import delivery service that takes freight direct from the aircraft, delivering it to the forwarders handling facilities. Freight screening can be arranged as required. Originally, Cargo Connector was offered as an export collection service, but with the addition of the import delivery service customers now benefit from reduced costs and increased reliability on … [Read more...] about IAG brings Cargo Connector service to 8 US airports