The International Air Transport Association (IATA) released February data for global air freight markets showing a sharp increase in year-on-year air freight volumes. Growth measured by freight tonne kilometers (FTK) was up 11.7 per cent in February, compared to February 2014. Capacity grew 7.4 per cent. Much of the impressive February result is due to the timing of the Lunar New Year activities. Air freight is given a strong boost in the weeks leading up to the holiday, which last year fell … [Read more...] about IATA: CNY, US port delay boost Feb air freight
US port
UTi charters B747F to ease US port congestion
UTi Worldwide has scheduled weekly charter service from Shanghai to the US to ease the backlog of goods needed in North America. "Airfreight demand has spiked in recent weeks to levels not seen in years" said Ed Feitzinger, UTi's executive vice president, Global Operations, "In order to provide relief to North American importers during these extraordinary times, we are offering dedicated premium lift service to the US Midwest." The 747 charter flights can carry over 100 tonnes of … [Read more...] about UTi charters B747F to ease US port congestion