Logistics News with TELS GLOBAL
Terms of new long-term maritime contracts are reduced to less than six months on average
The average duration of new contracts has been declining since mid-2022. At its peak, in the second quarter, the average duration of new contracts was 12 months; in the fourth quarter, this figure dropped to 5.5 months.
The world’s biggest shipping lines acquire their own air fleet
Since 2021, a number of the biggest logistics companies specializing in sea and land transportation have begun to actively enter the cargo aircraft segment.