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The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel. In the latest Baltic Exchange market round-up,

Software firm Dakosy has urged the air cargo industry to start preparing for the latest phase of the European Union’s (EU) Import Control System (ICS) for security declarations. ICS2 means that from March 2023 airlines will need to submit shipment information

The air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April, according to figures from CLIVE Data Services. The Xeneta-owned data provider’s latest numbers show that air cargo volumes decline by

Airlines have been ramping up their digital booking offerings over the last few years in response to market volatility. A survey carried out by booking portal Freightos found that 46% of air cargo carriers now enable instant rate searches for quotes

The European Union Aviation Safety Agency (EASA) will put a stop to cargo-in-the-cabin flights beyond July 31. The use of the passenger cabin for cargo, known as cargo-in-the-cabin flights, have been operating since 2020, after the EASA issued approvals and exemptions

Looking at the market trends and possible challenges of 2022, industry experts have made various assumptions, but no one could have predicted that the industry would have to deal with something that Europe has not experienced for decades: active warfare. For

Access to both Ukrainian and Russian airspace is now minimal to non-existent for many countries across the globe due to the ongoing war in Ukraine. As a result, many flights are diverting south, but with some airspaces in the Middle East

Air cargo volumes in March declined compared with a year earlier as the market was hit by the war in Ukraine, sanctions and lockdowns in China. The latest figures from CLIVE Data Services, which is part of the Xeneta rate benchmarking

Lufthansa Cargo expects global market capacity will be approximately 10% down as a result of the Ukraine invasion. Speaking at a press conference, Lufthansa Cargo chief executive Dorothea von Boxberg said this is because of restrictions for global fleets. Russian carriers

Air cargo supply chain companies are ramping up their focus on sustainability but there is a “long way to go” as resources remain scarce, according to TIACA’s latest sustainability survey. The latest annual TIACA Air Cargo Industry Sustainability Survey, organized in

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