Current News

World Container Index - 09 May

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is up 1.1% to $1,393.70 per 40ft container (updated Thursday, 9 May 2019).

Weak air freight demand continues

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased 0.1% in March 2019, compared to the same period in 2018. While this is a significant improvement on the 4.9% contraction in February, in seasonally adjusted terms, demand is still down 1.5% over the past year.

Global freight forwarding market forecast to grow at a CAGR of 4% to 4.5% until 2020

The freight forwarding market is expected to achieve a Compound Annual Growth Rate (CAGR) of 4 - 4.5% through to 2020 driven principally by e-commerce

Heathrow Animal Reception Centre - HARC - ITSF

United Kingdom Border Force (UKBF) confirm that the Heathrow Animal Reception Centre (HARC) has been approved as an inventory linked location on CCS-UK at Heathrow Airport with following details: -

Strong fundamentals underpin healthy European road freight expansion

Ti’s 2018 European Road Freight Market shows a market gradually slowing from 2017’s peak, although one in which growth remains solid. At 2.9% in real terms, the market expanded at its second quickest rate since 2010, showing resilience to a number of headwinds in the wider European economy. Of some concern however will be 2019’s expected growth, which shows a further slowing in the year ahead.

European road haulage capacity at 'decade high' level

Rates decline but remain at relatively high levels, according to quarterly study.

World Container Index - 02 May

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is up 2.7% to $1,378.99 per 40ft container (updated Thursday, 2 May 2019).

Forwarders welcome Heathrow ruling

Speaking after yesterday’s ruling by the High Court in London against campaigners challenging the legality of the UK government’s decision to allow a third runway at Heathrow Airport, Robert Keen, Director General of the British International Freight Association (BIFA) said:

DfT sued by ferry operator over no-deal Brexit preparations

P&O Ferries confirmed today it has initiated legal proceedings against the Department for Transport (DfT) over an ‘unfair and unreasonable’ £33m settlement paid to Eurotunnel last month.

First border crossing to use United Nations e-CMR consignment note

A pilot project grouping France, the Netherlands and the UK, was handled in February and March involving Transports FIOLET, in France; International Road Ferry in the Netherlands; Brian Yeardley Continental, in the UK under the supervision of FNTR, FTA, TLN/ Beurtvaartadres and the UK Department for Transport.