December 2024
The International Air Transport Association, or IATA, said global air cargo markets showing continued annual growth in demand in October.Total demand, measured in cargo tonne-kilometers, or CTKs*, rose 9.8 percent compared to October 2023 levels (10.3 percent for international operations) for a 15th consecutive month of growth, said IATA, which represents some 330 airlines comprising more than 80 percent of global air traffic.Capacity, measured in available cargo tonne-kilometers, or ACTKs, ...
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Global logistics provider GEODIS announce its new strategic plan, Ambition 2027, to project the group into the future, while building on its achievements and continuing to focus on providing customers “innovative, sustainable and ethical logistics.”A continuation of the previous plan covering the period from 2018 to 2023, Ambition 2027 is ...
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Descartes Systems Group, the Canadian software-as-a-service solutions provider, report strong results for its fiscal third quarter ended Oct. 31, as it assimilates two acquisitions from the previous quarter.Revenue for the quarter ended Oct. 31, was US$168.8 million, up 3 percent from the third quarter of fiscal year 2024, as income ...
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CMA CGM, the French ocean shipping giant, said it will implement a Panama Canal transit surcharge from the Far East to U.S. East Coast and U.S. Gulf, effective Jan. 2.The Panama Canal Authority with the new year introduced a new booking reservation system, the Long-Term Slot Allocation, or LoTSA, to ...
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CSX: A Terminal Network Transformed
US railroad CSX is leading a revolution in terminal efficiency. Using its operation at Fairburn, Georgia as a template, it is transforming the efficiency of intermodal operations throughout its 20,000-mile network. It’s as much about changing ways of working as introducing clever new technology. Fortunately, CSX ...
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President-elect Donald Trump said one of his first executive order when he takes office Jan. 20 will charge neighbors Mexico and Canada 25 percent tariffs on all products coming into the United States.Separately, Trump said he would also impose a 10 percent tariff on all goods originating from China – ...
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Port Houston handled 3.43 million 20-foot equivalent units, or TEUs, through October of this year a 7 percent improvement from last year, despite a double-digit dip in monthly volume.The Gulf port handled 309,623 TEUs in October, down 15 percent, though volumes are expected to be solid through the end of ...
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The U.S. Department of Transportation’s Maritime Administration, or MARAD, has awarded Port Houston one of 11 large Port Infrastructure Development Program grants for projects aimed at enhancing the safety, reliability, and resiliency of ports.“This important project will improve the efficiency and competitiveness of United States grain exports, improve air quality ...
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Port Canaveral showed revenue growth across all business sectors in its fiscal year 2024. and the South Atlantic port projects a strong outlook for the coming fiscal year.Canaveral Port Authority CEO Capt. John Murray, in his “State of the Port” address Nov. 20, said the port's total earned revenues came ...
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Drewry’s September Global Container Port Throughput Index improved 4.7 percent from the year-earlier quarter, though down 0.3 percent from August.The rolling 12-month average growth rate for global port handling remained at 5.5 percent, while global year-to-date growth to September was 6.5 percent, with all regions except the Middle East and ...
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