Hereโs a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
OTR Solutions launches OTR365 Ecosystem and OTRintelligence, combining AI-powered automation with 24/7 instant funding to transform freight factoring for carriers and brokers.
The air freight industry saw a slowing of volume declines last month, which led to a significant drop of 41% year over year in general air cargo spot rates in June, according to Clive Data Services. The global average air freight spot rate in June stood at $2.31 per kilogram, showing an industry grappling with market fluctuations. Industry insiders, such as Niall van de Wouw, Chief Airfreight Officer at Xeneta, suggest that falling rates, rather than volumes, have caused increased anxiety among airlines and forwarders. In an industry trying to navigate the market post-pandemic, freight forwarders are feeling pressure from shippers to renegotiate prices, reflecting the current market value.
Roughly 20% of global air trade demand loss can be attributed to COVID-related commodities. Unlike declines in e.g fashion or high tech, COVID-related commodities are a permanent loss to the air cargo industry. pic.twitter.com/UjI5nTvbMi
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
UPS pilots pledge solidarity with Teamsters, promising to halt flights if a strike occurs. The move puts UPS's labor costs and customer relationships at risk.
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