Tag Archives: cargo news

The Department for Promotion of Industry and Internal Trade (DPIIT) is planning to engage a research firm to prepare the Logistics Ease Across Different States and Union Territories for the next three years, says reports. Every year, the department releases a Logistics Ease Across Different State (LEADS) report, ranking states and Union Territories (UTs) based on their logistics ecosystem and highlights the key logistics-related challenges faced by stakeholders and includes suggestive recommendations.  

The global air cargo market double-digit demand growth continued in August with average spot rates showing their largest year-on-year growth of +24%, according to the latest weekly analysis by Xeneta. Global average air cargo spot rates of USD 2.68 per kg in August were boosted by continuing supply and demand imbalance. August’s global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%. The increase was further supported by ocean-to-air shift due to Red Sea disruptions and e-commerce demand.