The outlook for airports, ports and toll roads remains stable for 2013 despite concern over the lack of a long-term federal funding solution, said a Fitch Ratings report. It expects "modest growth for airports" and "stability for ports despite volume pressures," said Mike McDermott, managing director at Fitch. Ports will face volume pressures stemming from continuing economic challenges in the eurozone, ongoing labor disruptions in the U.S., and fragile consumer confidence in the face of the fiscal cliff, Fitch said. Investment in port infrastructure will be a focus for both the private and public sectors as economic recovery continues to progress, it said.
Federal Maritime Commission said the following have filed applications for a license as a Non-Vessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF)-Ocean Transportation Intermediary (OTI) pursuant to section 19 of the Shipping Act of 1984. The FMC also gave notice of the filing of applications to amend an existing OTI license or the qualifying individual for a license. Interested persons may contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, D.C. 20573, at 202-523-5843 or at OTI@fmc.gov.
Due to the overall economic decline, international air freight contracted by 1.2% in October, while total freight remains flat, said the Airports Council International. It said several major international freight hubs experienced sharp declines in air freight traffic -- Incheon was down 1.9%, Paris 5% and Anchorage 13.1% compared to October 2010, it said. But it said the volume of domestic freight traffic increased by 1.8% in October.
The Global Air Cargo Advisory Group unveiled its vision for an end-to-end paperless transportation process for air cargo and its new GACAG e-freight Roadmap, saying GACAG members intend to work to bring that vision to reality. The roadmap has three key sections:
Federal Maritime Commission said the following have filed applications for a license as a Non-Vessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF)-Ocean Transportation Intermediary (OTI) pursuant to section 19 of the Shipping Act of 1984. The FMC also gave notice of the filing of applications to amend an existing OTI license or the qualifying individual for a license. Interested persons may contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, D.C. 20573, at 202-523-5843 or at OTI@fmc.gov.
The Agricultural Marketing Service released the Ocean Shipping Container Availability Report (OSCAR) for the week of Dec. 5-11. The weekly report contains data on container availability for westbound transpacific traffic at 18 intermodal locations in the U.S.1 from the eight member carriers of the Westbound Transpacific Stabilization Agreement (WTSA).2 Although the report is compiled by AMS, it covers container availability for all merchandise, not just agricultural products.
Airlines for America said it launched a campaign for a National Airline Policy supporting the role the domestic airline industry plays in connecting people and goods globally. The airline industry group's priorities include reducing taxes on airlines, reducing the regulatory burden, making it easier for U.S. airlines to compete with foreign carriers, and stabilizing energy prices.
International freight volume will grow 3% per year, to reach 34.5 million tons in 2016, the International Air Transport Association said in its annual forecast. That's 4.8 million more tons of air cargo than the 29.6 million tons carried in 2011, it said. It said the freight growth will accelerate over the next five years, from 1.4% growth in 2012, and reaching 3.7% in 2016. Freight carriage within the Asia-Pacific region will account for around 30% of the expected total increase in freight tonnage over the period, it said. By 2016, the largest international freight markets will be the U.S. (7.7 million tons), Germany (4.2 million tons), China (3.5 million tons), Hong Kong (3.2 million tons), Japan (2.9 million tons), the United Arab Emirates (2.5 million tons), the Republic of Korea (1.9 million tons), the U.K. (1.8 million tons), India (1.6 million tons) and the Netherlands (1.6 million tons).
Federal Maritime Commission said the following have filed applications for a license as a Non-Vessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF)-Ocean Transportation Intermediary (OTI) pursuant to section 19 of the Shipping Act of 1984. The FMC also gave notice of the filing of applications to amend an existing OTI license or the qualifying individual for a license. Interested persons may contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, D.C. 20573, at 202-523-5843 or at OTI@fmc.gov.
World seaborne trade, including shipping, port and logistics services, climbed by 4 per cent in 2011, said the U.N. Conference on Trade and Development's annual Review of Maritime Transport. But it said world ship capacity expanded much faster, at 10 per cent, and the supply and demand mismatch is bad news for the industry. Global port throughput expanded by 5.9 per cent in 2011, it said.