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China container production raised to 300,000 TEUs a month to ease global shortage

China's commerce ministry said it is finding ways to provide more containers to the market, speed up container turnaround, and help container makers...

Shippers carry most of cost burden of port congestion—Drewry

Container shipping alliances responded to the pandemic-led lockdowns with curtailed services or blanked port calls, disturbing container demand and availability balance at ports ...

Asia-Europe freight rates soar amid long peak, container shortage

The Freightos Baltic Global Container Index (FBX) climbed 9% last month to US$2,442 per FEU, an 89% increase annually Strong Asia-North Europe volumes...

China’s export container shipping index rises

Average China Containerized Freight Index (CCFI) rose 10.4% from a week earlier Southeast Asia service led the growth with a week-on-week rise of...

Empties stay weeks in depots despite global container shortage

Though badly needed, containers worldwide spend on average 45 days empty in depots In China and US, average stay is 61 and 66...

Bellyhold shortage hampers Asia’s air cargo market recovery

Regional carriers transported 13% less cargo in October year-on-year even as global business conditions continued to improve Air cargo traffic held back by...

Flexible airport slot rules urged to aid air transport recovery

The Worldwide Airport Slot Board (WASB) called on regulators to temporarily adopt more flexible slot rules as quickly as possible to preserve essential...

Global express market to grow at CAGR of 7.5% in 2020-2024

Global express & small parcels market will expand by a compound annual growth rate of 7.5% between 2020 and 2024, driven by e-commerce...

Asia-to-US freight rates surge 117% on strong demand

On the trans-Pacific trade from Asia to North America, volumes on the US West Coast (USWC) have seen the largest growth in the...

UPS raises dry ice production, launches mobile freezers for vaccine storage

UPS has improved its capability to produce dry ice to 1,200 pounds per hour amid fears of a dry ice shortage It also...

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