NEWS
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Transpacific rates up in double digits as carriers cut capacity
OCEAN carriers appear to be making rate gains by trimming vessel capacity on the transpacific, reports New York's FreightWaves.Spot rates have risen for three weeks, rising to levels last seen in early 2023 and late 2022, according to several indices.US import bookings remain above pre-Covid ...
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China ships drones to Russia's war effort: Nikkei Asia probe
A JAPANESE Nikkei Asia investigation says China is exporting dual-use drones explicitly for Russia's invasion of the Ukraine - despite Beijing denials, reports Hong Kong's Asia Times.Russian companies imported between December 2022 and April 2023 at least 37 Chinese drones worth US$103,00...
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Air cargo too pricey for poor service, says perishables major
ESCALATING prices of air freight at London Heathrow are crippling businesses, reports UK's Coldchain News.Post Covid air freight rates have not returned to pre-pandemic levels," said Mike Parr, perishable movements manager at fruit and veg trucking major PML."Sadly, this has meant m...
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