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Companies in desperate hunt for aircraft to move cargo Seller’s market means strong bottom lines for airlines, high rates for shippers 0 3,250 11 minutes read A forklift driver repositions an airfreight pallet, in front of a row of air containers and a cargo jet. (Photo: Jim Allen/FreightWaves at DFW Airport) ( Updated May 12, 10:15 P.M. ET with DHL Forwarding details on rail service) The airfreight market is so saturated that companies without precommitments, or the stomach to pay premiums, are having difficulty finding aircraft to move their goods. And import cargo keeps coming, on top of record volumes for air and ocean shipping, further straining an air logistics system stretched by a shortage of equipment and airport labor. ....
Rates Shoot Higher Shipping rates are steadily climbing with demand outstripping supply in many areas. The China and Hong Kong markets are leading the way on price strength, while others are more dynamic. In some cases, prices are even higher than during the PPE rush of spring 2020 when air cargo capacity worldwide contracted more than 40%. The Baltic Air Freight Indices showed an increase of almost 17% in April from March largely driven by China and Hong Kong exports. By the end of April, shipments from China/Hong Kong to the U.S. jumped 60% from March to $8.56 per kilo, according to the TAC Index. Prices are up 8% versus last year and 153% versus 2019. The Hong Kong rate is $8.65/kilo compared to $4.91 on March 1 and is approaching the highest level seen last year of $8.81 in May. ....
ÖBB Rail Cargo Group expands ist range of TransFER services to connect Turkey, Hungary and the Czech Republic The ÖBB Rail Caro Group (RCG) is expanding its network by combining its new TransFER Budapest–Brno with its existing TransFER Budapest–Köseköy. Doubling the number of round trips between Budapest and Köseköy combined with the new TransFER between Budapest and Brno means it will be possible to transport goods directly from Turkey to Hungary and on from there to the Czech Republic two times a week. The RCG is offering its customers a new, high-performance, stable connection between the Czech Republic and Turkey. DSV in particular will be availing of this for its customers. ....
By combining the TransFER Budapest–Brno and Budapest–Köseköy connections, ÖBB RCG will be able to transport goods directly from Turkey to Hungary and the Czech Republic. Credit: ÖBB Rail Caro Group The ÖBB Rail Caro Group (RCG) has announced that it is expanding its network by combining its new TransFER Budapest–Brno connection with its existing TransFER Budapest–Köseköy service. Doubling the number of round trips between Budapest and Köseköy, and combined with the new TransFER connection between Budapest and Brno, means that it will be possible to transport goods directly from Turkey to Hungary and on from there to the Czech Republic two times a week. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. United States Truck Trailer Market Analysis and Forecast Report 2021-2025 - ResearchAndMarkets.com April 26, 2021 GMT DUBLIN (BUSINESS WIRE) Apr 26, 2021 The report provides on an in-depth study of the U.S. truck trailer market. It reveals the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains existing data on the largest players in the industry. ....