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The air cargo industry is on a “solid but unspectacular growth trend,” notes The International Air Transport Association (IATA). More worrying however, is that there is little evidence today that would point towards an acceleration as the year goes on. This observation – recently made by Tony Tyler, IATA’s Director General and CEO –  coincided…

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates. The Drewry Benchmarking Club contract rate index, based on Trans…