The global air cargo industry has witnessed a remarkable surge in demand, maintaining double-digit year-on-year growth for nine consistent months by August of this year. The International Air Transport Association (IATA) reported that total cargo demand for August alone rose by 11.4%, with
The launch of the new FEM1 shipping service at Jeddah Islamic Port marks a significant milestone in advancing Saudi Arabia's position within global maritime networks. This service, created through a collaboration between the Saudi Ports Authority (Mawani), CStar Shipping Company, and United Global
In the latest quarter, the air freight and logistics industry, represented by companies like United Parcel Service (UPS) and its counterparts, faced a complex spectrum of economic and market dynamics. Despite the sustained growth of e-commerce and the increasing demands of global trade, the sector
GB Railfreight (GBRf), a major player in the UK's rail freight sector, has unveiled a groundbreaking innovation: the hybrid Class 99 locomotive. Announced at InnoTrans in Berlin, this technology marks a pivotal move towards decarbonizing rail freight in the UK. The Class 99 is not just a new
The surge in air cargo demand has become one of the most significant trends in the global logistics market, particularly highlighted by the impressive performance observed in August 2024. This exceptional growth is driven by several key factors, including the exponential rise of e-commerce, ongoing
The Panama Maritime Authority (PMA) has taken significant steps to enhance security and compliance within its registry, particularly in response to illegal activities and evasion of sanctions. This move comes after an internal investigation revealed that seven Panamanian-flagged vessels were added
