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Suppliers turning to air transport to speed up deliveries

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Fresh data from the International Air Transport Association shows air cargo was up 9 per cent in September as more suppliers look towards air transport

More suppliers are turning to air transport for speed, but severe capacity constraints continue to limit the ability of air cargo to absorb the extra demand.

The latest results show that demand across the sector is continuing to soar well above pre-pandemic levels and capacity constraints are still a big issue.

Global demand for air freight has increased by over 9 percent when compared with September 2019 levels.

This is difficult when capacity is 8-point-nine percent below what it was before Covid-19 brought much of the world to a grinding halt.

The report says that ongoing issues with shipping disruptions are leading to slower delivery times, and as such, companies are reaching for air transport to get products delivered quickly.

Meanwhile, when comparing the cost of air cargo to container shipping the average price to move air cargo was 12.5 times more expensive than sea shipping pre-Covid and is now only three times more expensive.

The organisation’s Director General says “if not addressed, bottlenecks in the supply chain will slow the economic recovery from COVID-19 and governments must act to relieve pressure “

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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