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Direct connections with logistics buyers, online markets offer more flexibility. A flurry of activity in airfreight technology during the past week underscores recent interest by airlines and freight forwarders in digitally connecting sales channels and transport management systems to simplify the process for reserving cargo space for shipping service. A shortage of available aircraft to…

Any hopes of a surge in air cargo demand ahead of the Chinese New Year/Lunar New Year holiday appear to have faded as economic pressures continue to put the breaks on consumer spending. The two-week holiday this year falls on January 22 but industry players are not expecting to see the usual increase in demand…

9WASHINGTON — From New York to Los Angeles, hate crimes continued to rise in major American cities last year, with preliminary police data showing that at least six metropolitan areas recorded levels not seen since the 1990s. That’s according to a new report by the Center for the Study of Hate and Extremism at California…

Tesla, the electric vehicle manufacturer led by Elon Musk, announced today that it will lower the prices of the best-selling models in Europe and the United States after the big price cuts in China and Japan. Model 3 and Model Y will be on sale. Price reductions of up to 20%. The Model Y Performance…

7The hydrogen economy is using hydrogen to decarbonize economic sectors which are hard to electrify, essentially, the “hard-to-abate” sectors such as cement, steel, long-haul transport, ocean freight, air freight etc. In order to phase out fossil fuels and limit climate change, hydrogen can be created from water using renewable sources such as wind and solar,…

Dear Friends and Partners, We are very pleased to connect with you as we welcome a new year, full of hope, optimism, and excitement! Even as the global macroeconomic conditions continue to impact trade and commerce, we stride into 2023 with a spirit of being resilient and unstoppable. You can continue to count on us…

NEW YORK —  An arctic blast has brought extreme cold, heavy snow and intense wind across much of the U.S. — just in time for the holidays. The weather system, dubbed a “bomb cyclone,” is disrupting travel and causing hazardous winter conditions. Where is this winter weather coming from, and what’s in store for the…

7More recently, Bloomberg Economics economist Scott Johnson predicted that 2023 will be one of the slowest years for the global economy since 1993, with a global growth rate of just 2.4% instead of the previously forecast 3.2%, mainly due to the ongoing energy shock triggered by the Russia-Ukraine conflict, and the world economy is facing…

What will the future of transportation look like? As technology advances, dramatic changes to urban transportation are coming to our roads and skies. While some of these ideas seem light-years away, such as flying taxis and pods that transport passengers at 600 miles per hour, many of these transformative ideas are already in design, in…

The recent decline in oil prices has had a great impact on the logistics and transportation industry, including ocean freight, air freight. Diesel is the primary source of fuel for Class 8 trucks, also known as tractor trailers. It accounts for 15%-25% of a driver’s total cost of operation to move a shipment of goods.…