Air transportation is becoming an increasingly important part of logistics, especially amid the instability of sea shipping. However, new regulations for preparing air waybills are creating additional challenges and risks for market participants.
Shares of 3PL companies fell after a U.S. court ruling found a freight broker liable for an accident caused by a contracted driver. This decision could lead to an increase in lawsuits, higher insurance costs, and a reduction in the number of carriers, all of which would negatively impact the industry and shipping rates.
The vessel Skandi Amazonas, owned by DOF Subsea, has been declared a total loss following an accident off the coast of Brazil. No injuries were reported. The company also announced the sale and purchase of vessels as part of its fleet optimization strategy.