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Container rate rally has more legs than bears assume

Container spot rates have done exactly what they did in 2021, and the market has drawn exactly the conclusion you'd expect: this is a repeat performance of a one-off, and it will end the same way. The SCFI is up roughly 150% since late February and 11% since the mid-June truce alone, container timecharter rates are near cycle highs, and forwarders and carriers alike are reporting sharply improved earnings. The consensus read is that this is a geopolitical shock ...

Globe Air Cargo renews Canada and US GSSA partnership with French Bee

French low-cost, long-haul airline French bee has renewed its partnership with ECS Group's Globe Air Cargo Canada for GSSA services across Canada and the US The GSSA partnership between the two companies has been renewed for another three years, said ECS Group in a recent LinkedIn post. "French bee, represented by Globe Air Cargo Canada as its GSSA across Canada and the United States, is strengthening its commitment to the North American market with the renewal of its partnership for another three years," said ECS Group. French bee is the only airline offering direct widebody cargo capacity between Montreal and Paris-Orly. The airline operates three weekly flights during the winter season and daily service in summer using Airbus A350-900 and A350-1000 aircraft. "This unique service plays a vital role in supporting Canadian exporters, particularly those shipping perishables including seafood, fresh produce, mushrooms, berries, and premium beef, while also serving the growing demand for healthcare products, e-commerce, and other time-sensitive cargo," added ECS Group. "Together, French bee and Globe Air Cargo Canada will continue expanding opportunities across the transatlantic market by growing perishables traffic, strengthening healthcare logistics, and enhancing the customer experience through digital solutions such as e-booking and dynamic pricing."

Analysis: Expeditors - fiduciary duty is not a crime scene

(Editor's note: this is Lawrence Lim's debut for Premium as senior columnist. Lawrence is an investment professional at private equity firm EmergeVest, owner of EV Cargo. More details about Lawrence can be found at the bottom of this column.) Key takeaway: Adam Clermont has built an impressive corpus documenting Expeditors' layoffs, and I don't doubt the pain behind it. But sympathy for the laid-off and a sound financial theory are two different things, and several of the theories built on ...