PSP Worldwide Logistics London News Archives - Page 5 of 13

US West Coast deal agreed, but East Coast facing own challenges

Industrial actions by ILWU locals in the Pacific Northwest and Southern California, which lasted a week, were lifted on Monday and after Whitehouse intervention a new contract agreement has been announced, but Panama Canal navigation restrictions are impacting vessels serving…

New Heathrow ‘sensitive’ cargo handling facility

The opening of IAG Cargo’s ‘New Premia’ facility and the addition of critical cargo handling capability at our local airport will offer greater efficiencies for temperature sensitive consignments. The New Premia incorporates IAG Cargo’s state-of-the-art Constant Climate Quality Centre, which…

Freight market report – May 2023

Capacity utilisation had remained high from Asia, primarily due to blank sailings and a slight recovery in cargo, but utilisation levels slipped due to China’s Golden Week holidays and while global air freight capacity was up 15% last month, rate…

The sea freight model from China is changing

With the break up of Maersk and MSC’s 2M alliance in under two years, the shipping line alliance structure that has given the biggest container carriers the power to adapt services and capacity to maximise profitability will end. The 2M…

Freight market report – April 2023

Things have not been easy for the container shipping lines in recent months, but this appears to be changing, with full ships and stabilising spot rates, after months of rate erosion and abundant capacity. The International Air Transport Association (IATA)…

Container shipping lines chase transatlantic revenues

While transatlantic revenues for the container shipping lines have fallen from their historic highs of last Spring, they remain far above comparable revenue on trade routes from Asia and the temptation to add more capacity is nearly always irresistible. (more…)

Freight market report – March 2023

Further pressure on freight markets will build as airline passenger capacity is added and the container shipping lines receive new-build vessels, but there are hopes that rate erosion may still ease, as rock-bottom prices are not good if carriers decide…

Freight market report – February 2023

Even as rates move back to pre-COVID levels and port congestion and delays clear away, our freight market reports and insights aid decision making and the avoidance of supply chain risk. The continued fall in global container freight rates that…