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News
What’s happening in the world affects your business. We find out the latest news and updates and share it with you here and in our weekly industry update newsletter.
Air cargo capacity set for winter boost as airlines add Transatlantic flights
International air cargo capacity is set to inch closer to pre-COVID-19 levels as U.S. passenger airlines deploy more flights to meet a jump in demand for Transatlantic travel in the winter and summer months. Airline executives in recent earnings calls say they've seen a jump in passenger demand after the White House moved to allow fully vaccinated foreign visitors into the U.S. starting Nov. 8.
10.26.2021
Tighter Warehouse Space Adds to the Supply-Chain Squeeze
Warehouse availability in the U.S. fell to record lows in the third quarter, according to figures from real-estate firms that show industrial space is all but disappearing near some of the country’s busiest distribution hubs. The third-quarter demand for industrial real estate exceeded supply by 41 million square feet, pushing the vacancy rate to 3.6%, down from 4.3% in the same quarter of 2020 and the lowest level in data going back to 2002, according to new figures released by real-estate firm CBRE Group Inc.
10.26.2021
Trucking expects LTL, TL rates to soar through 2021
Truck capacity will likely stay tight through the year, according to multiple analysts. That means carriers can expect continued benefits from elevated rates in the TL and LTL sectors. Rate per mile in the TL market is set to grow through the end of 2021, according to the recently launched Cowen/AFS Truckload Freight Index.
10.26.2021