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Global Logistics: Page 225

World's Airlines Expected to Order More Than 29,000 Passenger, Cargo Planes by 2032

Airbus SAS, the European maker of commercial aircraft, predicted airlines will buy planes valued at $4.4tr in the next two decades, driven by demand in India and China and global growth among low-fare airlines.

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China's Logistics Industry Faces Influx of Smuggling

China is struggling to combat illegal imports which smugglers conceal in mass freight as the country's logistics industry booms.

Build-to-Suit Takes Over European Logistics Expansions

Development activity in Europe's main logistics markets is at its highest level since the economic downturn in 2008, driven by build-to-suit and owner-occupied developments.

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History Made as Vessel Becomes First Bulk Carrier to Transit Northwest Passage from Canada to Finland

For the first time ever, a bulk carrier is using the Northwest Passage as a transit trade lane, when transporting coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25 percent compared to the Panama Canal. Nordic Bulk Carriers A/S, the Danish pioneer, is once again behind the new business adventure.

Lufthansa Cargo Schedules New Boeing 777 Freighters

Lufthansa Cargo will be adding Boeing 777 freighters to its fleet, beginning in November of 2013.

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Perishable Refrigerated Trade Increases Worldwide

Worldwide perishable reefer trade increased by 52.1 million tonnes between 2002 and 2012, which represents a combined annual growth rate of 3.6 percent, according to Drewry's latest Reefer Shipping Market Annual Review and Forecast. Seaborne perishable reefer cargo has increased by a CAGR of 3.3 percent (25.6 million tonnes) from 66.8 million tonnes in 2002 to 92.4 million tonnes in 2012.

Saudia Cargo Increases Freight Capacity on Global Routes

Saudi Airlines Cargo Co. is increasing both belly and freight capacity on routes within its global network.

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CaroTrans Launches Weekly NVO Service From Houston to Rio

CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has launched a direct weekly export service, handling both less-than-containerload (LCL) and full-containerload (FCL) cargoes, from Houston to Rio de Janeiro, Brazil.

Amber Road Acquires Shanghai-Based EasyCargo

Amber Road, a provider of global trade management solutions, has acquired EasyCargo, a Shanghai-based GTM solutions provider specializing in complex Chinese trade regulations.

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Oil Prices, Syrian Crisis Cause Airline Profits Forecast for 2013 to Be Revised Down

The International Air Transport Association (IATA) revised its 2013 global industry outlook downwards to $11.7bn on revenues of $708bn. Airline performance continued to improve in the second quarter, but at a slower pace than was expected with the previous projection (in June) of $12.7bn. This reflects the impact on demand of the oil price spike associated with the Syrian crisis and disappointing growth in several key emerging markets.

Kewill Debuts MOVE Multimodal Transportation Solution

Kewill Inc., a provider of multimodal transportation and logistics management solutions, announced the release of Kewill MOVE, a comprehensive platform for managing the complexities of transportation, logistics and trade compliance.

Conditions, Confidence in European Freight Forwarding Market Improve

Increasing confidence in the outlook for the transport and logistics sector helped raise the overall Stifel Logistics Confidence Index 0.6 points to 53.0. This is the eighth consecutive month the index registered above the 50 threshold, indicating improving conditions in the overall European freight forwarding market.

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