Air cargo shippers are increasingly favoring short-term contracts. Recent data from Xeneta highlights this significant trend. In the fourth quarter, shippers secured one-year terms for only 24% of new
by US AI Demand Strains Intra-Asia Air Freight
Intra-Asia air freight capacity is currently experiencing significant tightening. Traffic across these vital routes shows a notable growth. This surge directly links to sustained US demand for cloud i
by FedEx Projects $175 Million Cost from Grounded Fleet
FedEx anticipates a significant financial burden, estimating a $175 million impact. This substantial cost stems directly from the grounding of its MD-11 aircraft fleet. The company faces elevated expe
by Air Cargo Spot Rates Decline Globally in November
Air cargo prices experienced a notable decline across all major global trade lanes during November. This shift in pricing dynamics signals a potentially evolving landscape for international freight. I
by China’s Cross-Border E-commerce Growth Stalls in October
China’s cross-border e-commerce sector experienced a significant shift in October, registering flat sales growth for the month. This development marks a notable departure from its previous trajectory,
by FAA Lifts Air Traffic Reductions, Restoring Normal Operations
The Federal Aviation Administration (FAA) has concluded its previously mandated air traffic reductions, marking a return to normal flight operations. Earlier this month, the agency terminated an order