In Asia, passenger planes account for about 45 percent of air freight capacity, says Neel Jones Shah, who runs air freight operations for Flexport, which helps businesses organize their shipping efforts.
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Air freight and logistics also did poorly, losing 13.9 percent.
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It also opens up the air freight market to more competition.
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Air freight traffic fell 2% in the first quarter of 2019.
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It has beefed up its logistics to include air freight options.
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Last month, FedEx ended its years-long air freight contract withAmazon.
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Boeing is planning for more gains in the air freight market.
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Air freight volumes rose 3.8 percent in the month to 218,323 tonnes.
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The Arctic depends on air freight, seasonal sea shipments and ice roads.
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S. tensions over trade have dampened air freight demand, trade sources said.
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Global trade growth has stalled, and along with it demand for air freight.
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"Air freight is an expensive shipping option," said Barclays transportation analyst Brandon Oglenski.
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In Hong Kong, the world's busiest air freight hub seen as a leading indicator for world trade, air freight volumes fell 0.2 percent in the September-November period compared with a year earlier, the worst 12-month performance since April 2016.
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And while the impact of Britain's Brexit vote on the UK air freight market remains uncertain, prices for air freight generally are down about 5-20 percent compared with last year due to capacity outstripping demand by a factor of three.
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The air-freight case shows that firms that refuse to settle quickly are gambling.
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However, air freight demand in the region has been hit hard by Sino-U.
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It also said the company worked with government officials to air freight some parts.
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Air freight will be affected by lower international trade in the longer term, it said.
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Boeing will scale back production starting in September due to weakness in commercial air freight.
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Transporting the food around does contribute, but it's relatively small, unless you use air freight.
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Yellow = ocean containers, Red = air freight (few because they arrive so fast), and white = truck.
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The biggest win in UPS' earnings come from its boost in next-day air freight.
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FedEx Express, the company's air-freight sector, will benefit in the long run, analysts said.
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FedEx raised eyebrows last month when its air freight division dumped America's largest online retailer — Amazon.
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The company is building its own air freight hub in at Cincinnati/Northern Kentucky International Airport.
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A sharp increase in air freight demand has been a boon to passenger airlines as well.
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However, it cited a 1.2 percent year-over-year contraction in air freight traffic in November.
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The company also expanded its service portfolio, including obtaining an IATA license for air freight services.
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The higher rates will cover U.S. ground shipping, U.S. air freight and international shipping, and regular freight.
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Each operates 20 Amazon-branded planes for the air freight service, which was previously called Prime Air.
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It also allows them to book air freight and parcel delivery services and supports its parent's Alibaba.
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It also allows them to book air freight and parcel delivery services and supports its parent Alibaba.
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And the air-freight network is the priciest and perhaps most complex piece of Amazon's logistics network.
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Demand for air freight in the area dropped 7.4% in April year-on-year, IATA data showed.
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Margins were helped by improvements to its supply chain — including cutting back on its use of air freight.
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A 20 percent decline in the air freight and logistics industry would bring it to late-2013 lows.
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These involve, among others, car parts, air freight and financial benchmarks, such as LIBOR and foreign-exchange rates.
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This metric had been weighed down by inefficient sourcing and logistics, including an over-reliance on air freight.
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Air freight has declined year-over-year for eight consecutive months, according to the International Air Transport Association.
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I had to pay from my pocket the air freight of the cars to go to the Miami race.
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The shutdown represents a fresh challenge to an air freight market that was already weak before the coronavirus epidemic.
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He added that air freight volumes would probably rise to replace urgent orders stranded in ports or at sea.
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Oh, and UPS and FedEx stocks fell, too, because Amazon is reportedly building up its air freight delivery service.
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Air freight demand is expected to increase 4 percent this year, according to the International Air Transport Association (IATA).
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FedEx shook the logistics world in June when it announced it was ending its air-freight relationship with Amazon.
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Only some of Dubai's air freight passes through Dubai International as another facility, Dubai World Central, handles pure cargo operations.
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It comes as air freight markets respond to higher consumer confidence after years of volatility and tepid growth at best.
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Despite elevated costs, some Mexican exporters are turning to air freight to avoid the mile-long lines at the border.
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So I think the bigger tariffs disputes on aluminium and other things probably won't affect air freight in that way.
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UPS last year ordered 14 747-8 freighters, and a and air freight could keep them full in the future.
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Last week, Germany's Lufthansa reported its first operating profit since 2008 due to improved demand at its air freight division.
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The industry last year posted the worst air freight-demand figures in a decade, as trade tensions drove down sales.
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"Air freight is very important to us because some produce, like cherries, asparagus and peaches, can't go by sea," he said.
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For the first time since the global financial crisis in 2008, demand for air freight has started to expand quickly again.
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Pharmaceutical companies have expressed similar concerns about medicines, and some have reserved air freight capacity to fly in supplies if needed. .
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Darren Wallhouse, the logistics manager, says he has been sending more bottles by air freight recently, to beat the Brexit deadline.
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But planes are three times as expensive as ships, and such is the rush that air freight capacity is almost full.
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The disruptions particularly affected cross-channel freight traffic, some of which was forced to use other ferry routes or air freight.
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The run-up to a season-opener is a hectic time for teams, as cars must be readied for air freight.
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Overcapacity can lead to more pressure on prices as well as profits, as currently being seen in the air freight market.
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But it's still far from competing with the major air freight operations — like FedEx and UPS — if that is the goal.
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Air freight is considerably more expensive than maritime shipping, and even within countries, overland networks are often not as well-developed.
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He said his air freight costs soared 60% this year after U.S. sanctions blocked direct flights between Venezuela and the United States.
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He said his air freight costs soared 60% this year after U.S. sanctions blocked direct flights between Venezuela and the United States.
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Jeff deGraaf, chairman of Renaissance Macro Research, likes transportation, air freight and logistics, and some of the machinery names in this environment.
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Demand for global air freight, measured in freight tonne kilometers, rose 12.1 percent in August, driven by a rise in global trade.
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Demand for air freight, measured in freight metric ton kilometers, rose 2.7 percent in January, IATA said in its monthly traffic data.
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In the first half of 2003, air freight grew at the fastest clip since 2200, according to the International Air Transport Association.
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And then, even as international air freight dips and the $800 billion trucking industry struggles, UPS reported record profits on July 24.
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A fleet of contracted couriers drive goods between shippers and air-freight providers — or, in some cases, direct to the final destination.
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Deutsche Post said the global air freight market remained weak in the quarter, while the ocean and overland freight markets lost momentum.
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The Commission in its 2010 finding said the cartel fixed air freight services, fuel and security surcharges between December 1999 and February 2006.
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The rail industry won't be impacted quite as severely but it will be to an extent, followed by air freight carriers, he said.
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Some manufacturing plants, including automotive factories that depend on constant cross-border shipments, have turned to expensive air freight to stay on schedule.
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This week, IATA reported that global air freight in July rose 11.4 percent marking the third double-digit monthly increase in a row.
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Air freight, measured in freight-tonne-kilometres (FTKs), rose by double-digit percentages in July in Africa, Asia Pacific, Europe and North America.
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Indeed, after air freight and labour, power is the main cost: flowers need plenty of light and carefully controlled air and water supplies.
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While costs are estimated to run 50% higher than truck transit, Cargospeed believes it can be over five-times cheaper than air freight.
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In 2016, Amazon, which unveiled its foray into air freight with a unit now called as Amazon Air, through 40 leased Boeing 767s.
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"It is the perfect setup," Brandon Fried, executive director at the air freight forwarding advocacy group Airforwarders Association, told Motherboard at the time.
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Such a plan would fall in line with the fare-rate system in place for the air-freight industry, which bills based on weight.
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Air freight is among several indicators, such as rising electronics shipments, contributing to a positive trade outlook, according to Flight Ascend economist Peter Morris.
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DHL's Global Trade Barometer, which tracks three-quarters of all ocean and air freight, last week forecast that growth would continue to lose momentum.
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The slowdown in trade is hitting demand for all forms of transportation, from container and dry bulk shipping to road, rail and air freight.
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UPS last year ordered 14 747-8 freighters, and a surge in e-commerce and air freight could keep them full in the future.
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Reports suggest that Boeing is close to securing a deal for ten jumbos, worth $4 billion, with AirBridgeCargo Airlines, Russia's largest air-freight firm.
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Air France-KLM's cargo performance highlighted the deterioration of oversupplied air freight markets even before the virus extended Chinese factory shutdowns, halting supply chains.
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The reports highlighted "increased protectionism and other geopolitical risks" and a "weak air freight market" as two areas of concern for short-term growth.
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In order to meet increased demand for domestic orders, the company added air freight and shifted warehousing to build an asset-light domestic supply chain.
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Air freight through Hong Kong is falling at the fastest rate for seven years, according to data from the Special Administrative Region's Civil Aviation Department.
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But the use of air freight to mitigate them would weigh on the gross margin in the second half, finance chief Harm Ohlmeyer told analysts.
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John Laitin of Sabina Gold and Silver, a mining firm, says he paid C$1.90 per tonne per km for Arctic air freight in 2013.
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The company has also been cutting costs by shipping more products by sea instead of air freight and by renegotiating vendor contracts for cheaper prices.
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Air France-KLM's cargo performance underscored the deterioration in over-supplied air freight markets even before the virus extended Chinese factory shutdowns, halting supply chains.
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Consumer impatience and a seemingly insatiable appetite for promptly delivered goods are boosting air freight rates and in some cases making space aboard planes scarce.
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The growth in air freight and shipping has fallen by about half in the past year, says Edward Morse of Citigroup, depressing demand for diesel fuel.
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One component of its composite forward-looking indicator is international air freight data from the International Transport Association, which issued its figures for May on Wednesday.
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The association said while the outlook for air freight and world trade remains fragile, there were some signs that declines in cargo demand were bottoming out.
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"For the third consecutive month demand for air freight grew at a faster pace than demand for air travel", said IATA Chief Executive Alexandre de Juniac.
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For example, if a flower is particularly heavy, it may not be worth growing even if it fetches good prices, because air freight is very expensive.
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After America and the EU slapped penalties of $8003 billion on airlines for suspected collusion in air-freight surcharges, plaintiffs' lawyers pursued 28 carriers for damages.
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Sales of smaller, delicatessen products are also being hindered, with producers of top-end foods such as cherries and lobster struggling to find enough air freight.
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One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.
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"No one flies freight voluntarily," Gerber said, adding that prices per kilo for air freight tended to be around 20-50 times that of sea freight.
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Boeing — The jet maker will cut production of its 747-8 models in half later this year, as it deals with a declining air freight market.
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Air China rallied 4.4 percent after it received the green light from Beijing to push ahead with mixed-ownership reform of its air freight logistics business.
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To minimise the company's carbon footprint, it uses sea transport rather than air freight, and it offsets the shipping emissions via a company called CO2 balance.
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To minimise the company's carbon footprint, it uses sea transport rather than air freight, and it offsets the shipping emissions via a company called CO2 balance.
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Air freight demand rose by 9 percent in 2017 from a year earlier, the fastest clip since 2010, the International Air Transport Association said this week.
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It has outgrown its command centre at Shenzhen's airport and is now building Asia's largest air-freight hub in Ezhou, a city in the middle of China.
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Hong Kong is the world's largest air freight hub and Cathay receives a higher proportion of revenue from cargo than peers like Singapore Airlines and Qantas Airways.
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The group left from Wellcamp Airport, a new A$200 million privately built air freight facility in Queensland, which will begin weekly freight-only flights next month.
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The downturn in the air-freight market has spelled doom for several cargo airlines; it may also be the final blow for the venerable jumbo jet too.
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In the medium term, rail may only capture a tiny share of the cargo carried by ship but it could make more significant inroads into air freight.
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Britain imports around half of its food, and while some is flown in via air freight, most enters on trucks through Dover, Britain's main gateway to Europe.
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But air freight movements confirm the global economy has lost significant momentum over the last year and the outlook is now poised delicately between growth and recession.
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Air freight volumes were down 1.2 percent in November compared with a year earlier, but total cargo volumes were up when compared with October 2015, IATA said.
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The region's airlines take on an outsized role in air freight, accounting for nearly 40 percent of the global market as Asia is a major manufacturing hub.
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The squeeze in space comes despite numbers from data provider MariTrade showing that Australian air freight export volumes nearly doubled in four years to 35,000 tonnes in June.
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One container sent by sea to Europe is about three times cheaper than rail, while air freight is between five to 10 times more expensive, according to Seisenbek.
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To reduce its dependence on commodities such as coal and copper, Mongolia has ambitions to become an air freight hub for northern Asia and wants to develop tourism.
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The U.S.-China trade war is now playing out from the Worksman factory near the Atlantic coast to shipping and air freight lanes that run over the Pacific.
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Asian airlines have an outsized role in air freight, accounting for nearly 40 percent of the global market because the region is a manufacturing and e-commerce hub.
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FedEx – KeyBanc began coverage of FedEx with an "overweight" rating, saying the delivery company will benefit from improving air freight demand as well as a favorable macroeconomic environment.
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Goldman Sachs initiated coverage on UPS last month with a buy rating, citing a strong international outlook and overblown worries about Amazon's foray into air freight and logistics.
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But until trucking gets back on its feet, more companies are likely to go bankrupt, according to Jason Seidl, Cowen's managing director covering air freight and surface transportation.
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Other measures include putting in place alternative routes from the Calais-Dover itinerary most companies use between Britain and the continent and considering possible air freight shipments if necessary.
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Atlas Air Worldwide Holdings, one of its air freight contractors for Amazon Air, last month said it had an agreement with Amazon for an additional 15 Boeing 737 planes.
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Where air freight is concerned, Vietnam is a strong performer while trading hub Singapore is "holding up pretty well," he said, adding that growth in India is also strong.
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Read more: FedEx no longer will fly your Amazon packages — and now pressure is mounting on the company as it gears up its in-house air-freight network better.
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Travelers now routinely hear agents advise them to remove batteries from luggage that they plan to gate check, and air freight shipments of lithium-ion batteries have been sharply curtailed.
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Last week, IATA released data for global air freight markets that showed worldwide demand fell 4.7% on-year in April, continuing the negative trend in demand that started in January.
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But yeah, I grew up in Jamaica, Queens, which is right near the airport, so my mom works for the FAA and my stepdad works for an air freight company.
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" SGX's Syn added: "For air freight as a concept, we would need to learn to get to know a new group of people and it would not be a stretch.
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Global manufacturing production is decelerating, new export orders are falling, air freight volumes are declining, and container throughput is down, the most recent monthly indicators for March and April show.
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This points to a "very tough year" for air freight, but reasonable though slower GDP growth should keep passenger traffic growing only a little below trend, IATA said on Friday.
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Demand for air freight, measured in freight tonne kilometres, was up 3.2 percent in April, but IATA head Tony Tyler said that was not a true reflection of the market.
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Rising distillate prices will force the freight transportation sector to focus on improving fuel economy by trimming schedules, consolidating loads, switching from air freight to ocean shipping, and slow steaming.
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International air freight, electronic components indices now show readings well below previous levels, while automobile production and sales, and agricultural raw materials seem to have bottomed out, the WTO said.
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Air freight carries some of the highest-value cargo and reacts quickly to changes in demand, making it a good leading indicator for freight movements and the economy in general.
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Around 50% to 60% of all air freight travels in the hold of passenger planes, according to Zoe McLernon, policy manager at the UK's Freight Transport Association, a trade group.
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The CAAC also said that it will not allow the phones to be placed in checked-in baggage, or sent as air freight, according to a statement posted on its website.
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Some of the bigger companies have tested different ports to avoid the main route of Dover-Calais while pharmaceutical companies have reserved air freight capacity to fly in supplies if needed.
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Considered the "quintessential" Howard Hawks male melodrama by many, "Only Angels Have Wings" stars Cary Grant as the tough-talking head of a cut-rate air freight company in the Andes.
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Indicated 20.2 percent higher Lufthansa said it expected third-quarter unit revenues to be stable, and increased the forecast for its air freight unit after a good start to the year.
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"CNAHC will start to push forward the mixed-ownership reform in air freight logistics," it said, adding the move would likely affect the listed company and some of its subsidiary firms.
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Freight and logistics firms have considerable scope to cut fuel consumption by reducing part loads, minimizing empty backhauls and switching away from air freight, sacrificing delivery speed for improved fuel economy.
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The quarterly indicator is based on merchandise trade volume in the previous quarter, export orders, international air freight, container port throughput, car production and sales, electronic components and agricultural raw materials.
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FRANKFURT (Reuters) - The decline in global demand for air freight may be bottoming out, with cargo volumes growing month-on-month in November, the International Air Transport Association said on Monday.
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The boom in restocking goods like auto parts and chips via air freight is expected to end some time around the end of the year, said IATA Chief Economist Brian Pearce.
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Air freight is used only for the most valuable and time-sensitive merchandise but is generally a good leading indicator for the rest of the cargo sector and the broader economy.
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The indicator is based on seven drivers - merchandise trade volume in the previous quarter, export orders, international air freight, container port throughput, car production and sales, electronic components and agricultural raw materials.
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Air freight volumes measured in freight-ton kilometers, fell 3.6% in the first half of the year from the same period in 2018, the International Air Transport Association said earlier this month.
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Hong Kong International Airport, the largest air freight hub in the world, has seen volumes fall more than 173% in the three months from March to May compared with a year earlier.
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The WTOI is based on seven drivers: merchandise trade volume in the previous quarter, export orders, international air freight, container port throughput, car production and sales, electronic components and agricultural raw materials.
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Weaker global economic activity and consumer confidence led to a 1.8 percent fall in global air freight traffic in January, marking the worst monthly performance in three years, IATA said last week.
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U.S. freight indicators have been mixed recently, with small improvements in trucking and containerised traffic on U.S. railroads, but air freight and bulk cargo movements by barge and railcar down in January.
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Indicated 20.2 percent lower The air freight divisions of Lufthansa and United said they have agreed a joint venture on routes between Europe and the United States to help their respective networks.
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"In addition, we are doing our utmost to help ensure that supply chains for many thousands of businesses do not break down by mobilising additional capacity for air freight transport," said Spohr.
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The startup's goal is to "decouple air cargo from airports," according to CEO David Merrill — which means letting big VTOLs do the work that small cargo planes currently handle for air freight.
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That has already contributed to higher ocean and air freight rates, and elevated warehousing costs in America, said Henry Ko, managing director for Asia at Flexport, a U.S.-based freight forwarding company.
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Hong Kong International Airport, the largest air freight hub in the world, has seen volumes fall more than 209% in the three months from March to May compared with a year earlier.
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The Baltic Exchange is also exploring the possibility of moving into air freight in the future, to provide indexes for freight routes potentially in Europe, according to two sources familiar with the matter.
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The underperformance in the transportation group mainly came from the weakness in the air freight and logistics sector, which is still more than 20% below its peak in January 2018, Yardeni pointed out.
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Australia Post says it can fly a package from Sydney to Broome in a day, but its standard air freight time for that route, by plane and truck via Perth, is three days.
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Pharmaceutical companies have expressed similar concerns about medicines, and some have reserved air freight capacity to fly in supplies if needed.. But the impact on medical supplies will also be felt beyond Britain.
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Meanwhile, its inventories climbed 15 percent in the quarter ended September as the company used less air-freight to keep costs in check while expecting future growth from store openings and online sales.
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If elected president, he said, he would create a "national map" of all roads, trains, air, freight and other transit routes, and set clear metrics to measure the health of the nation's infrastructure.
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FRANKFURT, Jan 11 (Reuters) - The decline in global demand for air freight may be bottoming out, with cargo volumes growing month-on-month in November, the International Air Transport Association said on Monday.
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Both Sanofi and Novo Nordisk have reserved space on ferries going the longer route to eastern English ports to avoid the main Calais-Dover crossing if needed, and also air freight if required.
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Both Sanofi and Novo Nordisk have reserved space on ferries going the longer route to eastern English ports to avoid the main Calais-Dover crossing if needed, and also air freight if required.
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"This quarter has seen significant effects on the industrial economy due to continuing trade disputes, including reductions in international air freight and tepid, at best, B2B domestic parcel and freight shipping," he added.
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Demand for global air freight rose at its fastest pace since April 2015 in January, but with capacity rising, yields and load factors remain under pressure, the International Air Transport Association said on Monday.
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The company thinks it can soak up around $12 billion of the total $35 billion annual cargo market in the Gulf Cooperation Council region, including all of the current $7 billion air freight market.
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Rail freight offers a compromise which could attract some shippers away from the other modes of transport since it can handle heavier items than normal air freight but is faster than sea-borne cargo.
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LONDON (Reuters) - Global air freight volumes are falling at some of the fastest rates since the end of the great recession in a warning sign that recessionary forces are building in the world economy.
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Air freight is very sensitive to small variations in economic growth, so it is hit hard by mid-cycle slowdowns as well as end-of-cycle recessions and distinguishing the two can be hard.
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IATA says that air freight carries one third of global trade by value, but less than 1 percent by volumes transported, as the industry concentrates on added-value time-critical cargoes, such as medicines.
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Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders.
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In 28503, Taiwan's Taoyuan International Airport was ranked as the sixth largest globally in terms of international air freight trafficand 22019th largest in terms of international passengers, according to the Airports Council International (ACI).
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Figures to be published next week will show global air freight traffic fell around 10% in February, putting it on course for a 15%-20% drop for the year as a whole, IATA said.
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Deutsche Post is not immune to slowing momentum in global trade - it reported a 5.8% fall in air freight volumes in the second quarter - but it is shielded by a broad portfolio, Kreis told journalists.
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The cuts mean fewer passenger-plane bellies to fill with cargo, which would normally be a boon to cargo carriers, but concerns about the virus have led to more uncertainty for these air freight companies.
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Atlanta-based UPS has resumed package delivery, ground and air freight operations in all but three hard-hit locations - Islamorada and Key West, Florida, and Brunswick, Georgia, said Mark Wallace, a UPS senior vice president.
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The retired Army lieutenant general was paid by an air freight company associated with the Russia-based Volga-Dnepr Group and a subsidiary of the Russian cybersecurity firm Kaspersky Lab, according to the amended disclosure.
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"The current IATA forecast of 7.5 percent growth in air freight demand for 2017 appears to have significant upside potential even if we are approaching a cyclical peak," the industry body said in a statement.
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SIA Cargo remained a drag on the company with a loss of S$50 million, worse than a S$22 million loss the year before, reflecting a broader weakness in the global air freight market.
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"If you are repositioning a $100 million aircraft, it's a big decision," said Phil Gregory, general manager of Wellcamp Airport, a A$200 million privately built air freight facility in the agriculture-rich state of Queensland.
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The Australian Competition & Consumer Commission (ACCC) said the court found Air NZ fixed fuel prices and insurance surcharges on air freight services from Hong Kong, and insurance and security charges from Singapore between 2002 and 2007.
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Analysts at the International Air Transport Association warn that the China-US trade war is not good news for the air transport industry and has the potential to adversely impact both air freight and passenger demand.
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Inanimate air cargo mostly rides in the same planes as the live sort; when rising passenger demand encouraged airlines to buy more planes, the additional cargo capacity flooded the industry, causing air-freight prices to slide.
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Amazon is investing heavily in building up its own air freight capacity to meet surging demand for deliveries within 24 to 48 hours ("Amazon's airfreight moves raises hopes in cargo business", Wall Street Journal, April 7).
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The International Air Transport Association last week lowered its growth forecast for air freight demand in 2016 to 2.1 percent, from a previous prediction for 3 percent growth, due to weak global GDP and trade growth.
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The court found Air NZ fixed fuel prices and insurance surcharges on air freight services from Hong Kong, and insurance and security charges from Singapore between 2002 and 2007, the Australian Competition & Consumer Commission (ACCC) said.
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Looking at the 10 days before and after a major U.S. landfall, J.P Morgan found five subindustries which rose by around 2 percent or more: distributors, construction materials, automobiles, diversified financial services and air freight & logistics.
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BERLIN, May 30 (Reuters) - Global demand for passenger travel in April rose 4.6 percent, growing faster than demand for air freight, which is still in a difficult situation, the International Air Transport Association (IATA) said in Monday.
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"I'm paying a premium for this, but we knew there was going to be a huge bottleneck," said Farr, adding that the question now is whether Emerson extends its air-freight plans to the end of April.
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While CEO Frederick Smith said trade disputes contributed to weak international air freight, Gordon Haskett analyst Don Bilson was skeptical of continued macroeconomic weakness and suggested the disappointing earnings could expose the company to an activist investor.
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JEJU, South Korea (Reuters) - Strong e-commerce demand is fuelling Asia's air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday.
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GENEVA (Reuters) - Demand for air freight rose 8.2 percent in October, the fastest rate of growth in 18 months and raising expectations for the usually busy end of the year, the International Air Transport Association said on Wednesday.
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And for analyst Jason Seidl, Cowen's managing director of air freight and surface transportation, one of the biggest red flags that more trucking bankruptcies are to come this year is waving — fuel card delinquencies are on the uptick.
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It said in a statement ahead of the deadline for bids that it was offering to buy Air Berlin's Leisure Cargo GmbH, which markets air freight capacity, regional unit Luftfahrtgesellschaft Walter mbH and maintenance unit Airberlin Technik GmbH.
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Lufthansa Cargo expects 2018 profit will likely not be as high as last year's 43 million euros, the head of the group's air freight arm told journalists on Thursday, with average yields set to be lower than in 2017.
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LONDON (Reuters) - The Baltic Exchange, owned by Singapore Exchange, plans to launch new indexes for grains, gas and potentially air freight in its biggest shake-up for more than a decade, according to executives and two sources familiar with the matter.
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COPENHAGEN, June 26 (Reuters) - Maersk Line, the world's largest container shipping firm, is looking to expand in the air freight-dominated pharmaceuticals transport market, as it has completed fitting its refrigerated containers with a digital tool that helps monitor temperature.
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Adidas said it was working to mitigate the shortages, including using more air freight to ship goods - implying higher logistics costs in the second and third quarters - but Rorsted said the problems should ease by the end of the year.
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"We've seen a stronger than expected peak coming into the fourth quarter," Anjaparidze said, adding that shoppping events such as Black Friday and launches of smartphones that need to be delivered to customers quickly are also driving the air freight market.
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The new contract termination is more significant than the earlier one, in that it means FedEx will not be providing any last-mile delivery service for Amazon, the largest online retailer, in addition to its less sizeable Express air freight.
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BERLIN, Feb 3 (Reuters) - Demand for air freight rose just 2.2 percent in 2015, down from the 5 percent growth seen in 2014, due to sluggish trade growth in Europe and Asia, the International Air Transport Association (IATA) said on Wednesday.
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SHANGHAI (Reuters) - Air China Ltd has received the green light from Beijing to push ahead with mixed-ownership reform of its air freight logistics business, the firm said late on Friday, signaling a potential shake-up of China's cargo carrier market.
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"We've seen a stronger than expected peak coming into the fourth quarter," Anjaparidze said, adding that shopping events such as Black Friday and launches of smartphones that need to be delivered to customers quickly are also driving the air freight market.
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"Indices for export orders (95.3), international air freight (96.8), automobile production and sales (92.5), electronic components (88.7) and agricultural raw materials (94.3) have shown the strongest deviations from trend, approaching or surpassing previous lows since the financial crisis," the WTO said.
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The problems in China haven't hobbled Emerson's operations in other parts of the world, a common problem for many global producers, largely because the company locked up large blocks of air-freight capacity at the beginning of February, said Farr.
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For example, he chose Caterpillar in construction materials; Lam Research in semiconductor equipment; Walgreens Boost Alliance in drug retail; MetLife for life and health insurers; United Parcel Service for air freight and logistics; and Exxon Mobil for integrated oil and gas.
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GENEVA, Dec 7 (Reuters) - Demand for air freight rose 8.2 percent in October, the fastest rate of growth in 18 months and giving hope for the usually busy end of the year period, the International Air Transport Association said on Wednesday.
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International freight haulers have also hired away Alaskan pilots as Anchorage, which has the fourth-busiest air-freight airport in the world in annual tonnage, has become a refueling and crew-change hub for aircraft flying between Asia and North America.
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Aston is signing deals with supplier DHL to allow for the use of ports other than Dover - Britain's busiest and so most likely to be disrupted by any customs delays - and has authorized its supply chain team to make air freight bookings.
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Executives and two sources familiar with the matter told Reuters the Baltic plans to launch new indexes for grains, liquefied petroleum gas (LPG) and potentially air freight in its biggest shake-up for more than a decade as it seeks to boost profitability.
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In February it led another, totalling $1bn, for Flexport, an American logistics firm with the modest goal of creating the "operating system for global trade" by letting retailers and manufacturers arrange ocean and air freight as easily as travel websites let consumers book flights.
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Or, if their cargo was part of a tight supply chain, like components for a factory, Maersk's outage could mean shelling out for exorbitant air freight delivery or risk stalling manufacturing processes, where a single day of downtime costs hundreds of thousands of dollars.
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Mexican exporters are looking into sending their goods to the United States by air freight to avoid a five-mile (8-km)-long line of trucks at the border caused by the Trump administration moving federal agents away from customs checks to immigration duties.
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The U.S.-China trade war, generally slowing trade, and weakening economic growth are weighing on demand and setting up air freight volumes this year to be the weakest since the financial crisis, said the IATA, a trade group that represents most of the world's airlines.
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"We think it's reasonable to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows, and the need for increased air freight and additional measures at ports that could create unforeseen congestion," CEO Patrik Frisk said.
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CIUDAD JUAREZ, Mexico (Reuters) - Mexican exporters are looking into sending their goods to the United States by air freight to avoid a five-mile-long line of trucks at the border caused by the Trump administration moving federal agents away from customs checks to immigration duties.
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The Smuggler's Run update also adds a number of other new features to GTA Online, including an assortment of vehicles and customization items, the ability to buy your own aircraft hangars, and player-run Air-Freight Businesses, which let you steal and then sell precious cargo.
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The first of three children born to Bill, Sr., a restaurant manager who later bought an air-freight franchise, and Sherri, who taught dance, Hader paced so raptly as he dreamed up stories that he wore a U-shaped groove into the carpet around his bed.
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S. Yu Tao Chou, chairman of Shanghai Yiqian Trading, explaining the rationale for the deal, said increased air freight links from Germany would help to meet the growing demand in China for Western products such as meat, which local producers are struggling to keep up with.
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PARIS, March 25 (Reuters) - Figures to be published next week will show global air freight traffic fell around 10% in February, putting it on course for a 15-20% drop for the year as a whole, an official at the International Air Transport Association said on Wednesday.
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The Memphis firm&aposs most recent earnings were a s---show with top- and bottom-line misses, drivel about a slowdown in air freight, and (my favorite) an unfavorable calendar — a Kabuki dance attempting to distract investors from the fact that they&aposre being featurized by Amazon.
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A native of the borough and a tenured member of the art faculty at nearby Wagner College, Murphy derives inspiration from Staten Island's bridges, lighthouses, and array of half-sunk vessels, piers, and bulkheads that were abandoned when the city's ship and rail systems gave way to air freight.
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But high supply costs and the difficulty in finding space on air freight means producers are struggling to meet growing Asian demand - undermining the country's ambition to boost rural exports to soften the impact of a slowdown in its mining sector - a so-called "mining to dining boom".
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Global trade volumes fell for the first time since 2009 by 1.7 percent between the final quarter of 2015 and the first quarter of 2016 and the International Air Transport Association has lowered its growth forecast for air freight demand in 2016 to 2.1 percent from 3 percent.
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"In the case of fresh eggs, even if the government funds air freight costs, considering current local egg prices, still imported egg prices will be higher so it will be difficult to import for the moment but more processed egg products can be brought into Korea," Lee said.
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"We think it's reasonable to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows, and the need for increased air freight and additional measures at ports that could create unforeseen congestion," CEO Patrik Frisk told analysts Tuesday morning.
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The world's biggest manufacturer of freighter aircraft had previously forecast air freight would grow by 1% to 2% this year due in part to the United States and China reaching a phase 1 trade deal, said Randy Tinseth, vice-president of marketing at Boeing Commercial Airplanes, the commercial division of Boeing.
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"Read more: FedEx no longer will fly your Amazon packages — and now pressure is mounting on the company as it gears up its in-house air-freight networkIn a statement to Business Insider, Amazon said, "We are constantly innovating to improve the carrier experience and sometimes that means reevaluating our carrier relationships.
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The U.S.-China trade war, slowing trade and weakening economic growth are weighing on air cargo demand and setting up air freight volumes this year to be the weakest since the financial crisis, the International Air Transport Association, a trade group that represents most of the world's airlines, said earlier this month.
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Related columns: - Global air freight is falling in a sign of economic strain (Reuters, May 10) - Fed rate cut likely if U.S. manufacturing continues to slow (Reuters, May 2) - U.S. economy loses momentum despite impressive headline growth (Reuters, April 26) - Global economy is close to stalling as trade falls (Reuters, April 26) (Editing by Alexander Smith)
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Related columns: - U.S. consumer confidence critical to the economic outlook (Reuters, May 31) - Markets expect interest rate cuts as economic outlook worsens (Reuters, May 17) - Global air freight is falling in sign of economic strain (Reuters, May 10) - Fed rate cut likely if U.S. manufacturing continues to slow (Reuters, May 2) - Global economy close to stalling as trade falls (Reuters, April 26) (Editing by Dale Hudson)
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What you do with dry goods and what parcel carriers and LTL carriers and small-pack carriers, air-freight carriers what they all try to do is they try to leave the terminal or the operating center, the distribution center, they try to make a bunch of deliveries as closely as they can together and then they drive back from that last delivery to the store to wherever they're going.
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Zvi Schreiber, founder of Freightos, a website headquartered in Hong Kong that is introducing some transparency by allowing users to compare and book different options, says many firms may take two or three days to quote a price for taking an air-freight pallet or a shipping container from A to B. And forwarders are often unable or unwilling to say whether the goods will get from China to Europe in one month or two.
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