Air Freight

Global airlines are scrambling to meet the gap between cargo demand and available lift by all means possible.

U.S. business costs, buffeted by a COVID-decimated year of “chaos” worldwide in 2020, fell 4% to $1.56 trillion. That amounted to 7.4% of Gross Domestic Product (GDP), nearly an all-time low, according to a new authoritative report on the logistics sector.

Company officials explained that this offering enables shippers, carriers, and 3PLs to track 100% of air freight with highly accurate and automated estimated arrival times (ETA), which it said empowers supply chain partners to do things like optimize downstream planning, reduce the time and expense of manual track-and-trace efforts, and also increase customer satisfaction, too.

President Joe Biden changed course after Sen. Shelley Capito, the leader of a group of six Senate Republicans handling bipartisan negotiations, offered $330 billion in new spending on infrastructure. That seemed measly compared with Biden's reduced $1.7 trillion offer. Biden had originally proposed $2.25 trillion in national improvements. In order to pay for it, Biden’s "American Jobs Plan" includes raising the corporate tax rate to 28 percent, which is still lower than the 35 percent it has been for the last decade or so.

Entitled the Surface Transportation Reauthorization Act of 2021, the Senate subcommittee said that the bill establishes a new historic baseline funding level of $303.5 billion, which would be allocated for Department of Transportation (DOT) programs for highways, roads, and bridges, and is 34% higher than the current surface transportation authorization, the FAST (Fixing America’s Surface Transportation) Act.

Cloud based Rate Manager software provides robust solutions to cover Land, Air, Ocean and parcel travel.

SEKO Logistics uses air freight for faster delivery with less damaged goods.

Earlier this week, the United States Postal Service (USPS) rolled out various network infrastructure investments, as part of its recently announced 10-year plan focused on achieving financial sustainability and service excellence, in order to meet customer and business needs, in advance of the 2021 holiday season.

Quarterly revenue—$22.9 billion—headed up 27% annually, and adjusted earnings per share—at $2.77—climbed 141% annually and was nearly a full dollar ahead of Wall Street expectations, at $1.72. Consolidated quarterly operating profit increased 158%, to $2.8 billion.

A group of Senate Republicans lead by Senator Shelley Moore Capito, R-W. Va., unveiled a $568 billion infrastructure proposal as a counteroffer to President Biden’s $2.3 trillion American Jobs Plan.

Companies such as Peloton are facing a costly logistical nightmare as record congestion at ports around the world cause delays.

The company said that the objective of this educational offering, which kicked off this month, is to provide convenient, self-paced learning that provides live access to industry experts. And it added that it is comprised of weekly live seminar sessions, for shippers, 3PLs, carriers, freight forwarders, and future supply chain leaders.

There is no telling just how stormy air cargo markets may be in 2021, but one thing is certain: The passenger side is rocky because capacity remains tight.

After enduring a persistent global pandemic and the supply chain interruptions that came with it, shippers are increasingly turning to risk management software to help them through the recovery phase and prepare for what’s ahead.

The January reading—at 136.1—was up 1.1% over December and down 0.2% compared to January 2020. The January reading is 3.8% below the all-time high of 141.5 recorded in August 2019 and 43.4% above the April 2009 low of 94.9.