The once-predictable path for freight forwarders is deviating from historical trends for the second year in a row. Ongoing capacity constraints, ocean shipping issues, COVID-19 lockdowns in China, severe cargo congestion at airports and elevated rates are just a few challenges plaguing 3PLs since 2021. Still, most of the world’s top forwarders grew in revenue
Swiss forwarder Kuehne+Nagel and U.K.-based IAG Cargo are partnering to purchase 8 million liters of sustainable aviation fuel (SAF), expected to be delivered throughout the year. IAG will source the fuel from U.K.-based Phillips 66 Limited’s Humber Refinery in England, which is the first refinery to produce SAF at scale in the U.K, according to
Atlas Air, a subsidiary carrier of Atlas Air Worldwide, signed two new 747-8F commercial agreements to increase global capacity on behalf of Cainiao Network, the logistics arm of Alibaba Group, and Swiss forwarder Kuehne+Nagel using the last four 747 production aircraft it ordered from Boeing in 2021. Photo courtesy of Atlas Air. Cainiao Network secured
With microchips in short supply around the world, automakers are turning to charters of cargo-only flights using passenger aircraft in addition to freighter aircraft as manufacturers struggle to avoid costly manufacturing stoppages. Until recently, the auto industry in China had been performing better than before COVID-19, while Europe and North America were on a good […]
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Neste and Avfuel this week announced a partnership that will bring 515 million gallons of sustainable aviation fuel (SAF) to the U.S. every year by 2023. Under the agreement, Finnish oil producer, refiner and marketer Neste will provide SAF to Avfuel, which will oversee sales. Avfuel’s customers include airports, flight departments, fixed base operators (FBOs) […]
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