As cargo crime continues to rise, the Transported Asset Protection Association (TAPA) is launching a global campaign to double the number of TAPA-certified warehouse facilities to over 2,000 in Europe, the Americas and Asia Pacific in the next three years and to make a ‘quantum leap’ in the number of trucking companies operating in compliance with the Association’s Security Standards. The rising problem of cargo crimes was highlighted by statistics from TAPA’s EMEA (Europe, Middle East & … [Read more...] about TAPA launches global campaign in face of rising cargo crime
Freight Forwarders
K+N scores major US cold chain logistics deal
Ortho Clinical Diagnostics, one of the world’s leading providers of in vitro diagnostic products and services, has awarded an exclusive six-year contract to Kuehne + Nagel to manage its complex cold and temperature-controlled warehousing and distribution requirements in the US. The Kuehne + Nagel Memphis operation is considered to be one of the largest cold chain logistics premises ever designed by a third party logistics provider on behalf of a specific client. As part of an ongoing supply … [Read more...] about K+N scores major US cold chain logistics deal
Carriers set to defend cartel claims in US court
A number of carriers that had not previously settled, are set to defend a multi-billion dollar class action in the US that they colluded to fix prices on international air freight services, after a New York court set a trial date for the claim to 8 January 2016. Air New Zealand, Air China Cargo, Air India and Polar Air Cargo and its parent Atlas Air Worldwide, failed in an application to end the claim on Monday after a hearing in the US District Court for the Eastern District of New York, in … [Read more...] about Carriers set to defend cartel claims in US court
Thailand’s 2nd largest forwarder making e-progress
Thailand’s second largest air forwarder, Trans Air Cargo Co Ltd (TAC) is pushing ahead with electronic air cargo operations after having begun their transition to e-AWBs earlier this year and is now sending 400 to 500 AWBs per month electronically. “Continuous engagement with airlines on a local level is an important factor, as airline headquarters may be ready but that doesn’t mean their local offices are,” said Keree Chaichanavong, managing director, TAC. “Selecting the right technology … [Read more...] about Thailand’s 2nd largest forwarder making e-progress
Yields down as much as -41% since 2008: WorldACD
With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period. The good news first: North America to Asia Pacific saw the smallest yield decline at only -9 per cent. This contrasts with all of the other markets that saw decreases ranging from -22 per cent (Middle … [Read more...] about Yields down as much as -41% since 2008: WorldACD
Air freight rates to remain weak: Drewry
UK-based shipping consultancy Drewry reported its East-West Air Freight Price Index declined by 1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it was first launched in May 2012. The Index fell fell below the US$2.90 per kg threshold for the first time with Drewry saying it expects pricing to remain week for the next few months. “Whereas the eastbound trans-Pacific has taken the brunt of pricing falls in recent months, June’s decline affected … [Read more...] about Air freight rates to remain weak: Drewry