Karen Thuermer

1 week ago | logisticsmgmt.com | Karen Thuermer

While it’s uncertain what effect geopolitical events and President Trump’s tariff scheme will have on the air cargo this year, 2024 saw the industry flying high with air cargo demand outpacing capacity worldwide. Willie Walsh, director general of the International Air Transport Association (IATA):“It was a year of profitable growth.

Sep 30, 2024 | logisticsmgmt.com | Karen Thuermer

Ocean container shipping continues to navigate rough seas. The Red Sea crisis, port congestion and demand created by an early peak season have resulted in a capacity crunch for carriers and a rise in rates for shippers. Compounding this are geopolitical tensions, regulatory uncertainties related to the upcoming U.S. elections, and persistent disruptions in global trade lanes—it appears to be one thing after another.

Aug 31, 2024 | logisticsmgmt.com | Karen Thuermer

Top Freight Forwarders: The A&A RankingsDespite the notable drop in profits in 2023, Armstrong & Armstrong’s (A&A) list of the Top 25 Global Freight Forwarders for 2023 (see chart on page 62) indicates few changes in rankings compared to 2022. Kuehne + Nagel (K+N) continued to rank No. 1; DHL Global Supply Chain & Forwarding maintained its No. 2 position; DSV its No. 3 ranking; DB Schneker, No. 4; and Sinotrans, No. 5. Nippon Express jumped to No. 6 from No. 8 in 2022.

Jul 7, 2024 | logisticsmgmt.com | Karen Thuermer

First quarter 2024 financial results show steamship lines losing money two quarters in a row—something that hasn’t happened in five years. The culprit: lower average freight rates in an environment that saw stronger-than-expected world merchandise trade and demand for cargo shipping due to a rebound in consumption and inventory rebuilding following 2023 lows. CMA CGM recorded revenues of $11.8 billion in the first quarter of 2024, a 7% decline from the fourth quarter of 2023.

Jul 7, 2024 | logisticsmgmt.com | Karen Thuermer

Global air cargo rates reached new heights in April due to the continuing disruptions to ocean freight services in the Red Sea and the improving—albeit slowly—global economy. The impact of air cargo’s “black swan” event—conflict in the Red Sea disrupting ocean freight services—showed signs of easing in April, but volume growth still registered the fourth straight month of +11% increases in global air freight demand, according to analysis by Xeneta.