Latest news with #Matters
Yahoo
30-05-2025
- Business
- Yahoo
Air Cargo Demand to Slide From Prior Forecasts, IATA Says
Air cargo demand for 2025 is going to fall short of initial expectations, one industry body says. Although the International Air Transport Association (IATA) said in December that it expected air cargo demand to grow by 6 percent in 2025, the lobbying group representing 340 airlines is scaling back those projections. More from Sourcing Journal China-to-US Air Cargo Falls Off a Cliff as Tariffs Spur Charter Cancellations Inditex Gets Bangladesh's Inaugural Shipment on New Air Cargo Route JFK Airport's New $270M Cargo Hub Opens Amid Customs Clampdown 'A 6 percent growth forecast for 2025 will not be what you see in two weeks' time,' said Andrew Matters, director of sustainability and economics at the IATA, to delegates at the CNS Partnership Conference in Miami on Wednesday. That number already was a big step down from the 11.3 percent increase in cargo tonne-kilometers (CTKs) measured by IATA in 2024. That percentage was largely boosted by the flurry of e-commerce packages that flooded the U.S. throughout the year, as well as capacity restrictions in ocean shipping tied to the Red Sea crisis. Thus far in 2025, numbers haven't reflected that 6 percent growth would be in reach. Global air cargo demand increased 4.4 percent year over year in March, according to last month's IATA data. This followed a 0.1 percent demand contraction in February, the first such decline in demand since July 2023. Kicking off the year, January saw demand inch up 3.2 percent, IATA expects to reveal its updated projection for air cargo's annual growth at its annual general meeting in New Delhi from June 1-3. 'If you go back not too long ago, we were running at a double-digit growth rate which peaked at about 14 percent. Now, as everybody here knows, a growth rate of double digits is not sustainable,' said Matters at the conference. 'We've talked about all that has happened since then and, unsurprisingly, what we've seen more recently is moderation, back to something more sustainable.' President Donald Trump's 145-percent tariffs on Chinese goods had started to do a number on air cargo demand by April, furthering the decline. Before the tariffs were scaled back for 90 days, e-commerce air cargo shipments in late April from China to the U.S. dropped roughly 50 percent from the two-week period the year prior, according to freight forwarder Dimerco. Multiple Chinese air carriers had been canceling freighter services before the tariff situation changed. IATA hasn't released its April figures yet, but they are expected to reflect the same headwinds. 'Given the downside risks to the outlook that have increased substantially, and the downgrades to global economic activity, I think you can appreciate the direction forecasts are going to go when we see some new numbers,' Matters said. The IATA's initial forecasts also called for cargo yields to remain stable in 2025, as capacity constraints were initially projected to counteract the impact of falling jet fuel prices. Thus far, Matters said yields 'are a bit lower than in the past couple of years' for the first few months of 2025. In the first two months of the year, air cargo yields sank. They dropped 9 percent month over month in January, before falling again 6.1 percent sequentially in February. At the time, this was a 12-month low in air freight rates. Yields bounced back up 6.6 percent in March, likely as front-loading ahead of the tariffs crunched capacity and drove a monthly cargo demand rebound. The 90-day tariff reduction may help with getting a short-term spike in air cargo demand, capacity and rates. The global Baltic Air Freight Index calculated by air freight rate market data platform TAC Index gained 1.5 percent in the week to May 12, likely due to the cancellations ahead of Monday's announcement to scale back the duties. Judah Levine, head of research at Freightos, observed in a Tuesday weekly update that the tariff relief may entice some e-commerce volumes back to air cargo as it reduces the duty burden on low-value goods. But don't expect the massive bullwhip effect of cargo that is occurring out at sea. 'With the interim agreement keeping de minimis eligibility suspended for Chinese goods, and with formal entry filing costs often exceeding the value of many e-commerce shipments, it seems unlikely that this 90-day pause will have as strong an effect on air cargo as it may on ocean freight,' Levine said. Despite the downgraded outlook amid the geopolitical uncertainty, the IATA's Matters said the fundamentals for air cargo remain the same as they did in December. 'We now have this disruption that we have to overlay on top of those forecasts, and that's going to bring changes,' said Matters. 'Fundamentally, we started this year as an industry in good shape, with a positive outlook, and a lot of those factors remain to this day.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Innovative Computing Systems Exhibits at Association of Legal Administrators 2025 Conference & Expo in Nashville
AUSTIN, Texas, May 14, 2025 (GLOBE NEWSWIRE) -- Innovative Computing Systems, a trusted provider of legal technology and managed IT services, reaffirms its commitment to supporting the legal community by attending and exhibiting at the Association of Legal Administrators (ALA) 2025 Annual Conference & Expo, taking place May 18–21 at the Music City Center in Nashville, Tennessee. Attendees can connect with Innovative Computing Systems at booth 802 throughout the conference to learn about their new extremely comprehensive managed solution as well as other services solutions in cloud infrastructure, cybersecurity, document management, and more. This year, the team will feature Legal Technology Trivia and an interactive 'Get Your AI Selfie!' experience at the booth. On Monday, May 19, attendees are invited to jumpstart their day with a Morning Energizer session led by Outlaw Training Club of Nashville and the Innovative team. The low-impact, high-energy workout will be held from 6:15–6:45 a.m. in Room 206-B. Later that morning, join Chief Operating Officer Eric Hoffmaster for a Business Matters! presentation titled 'Beyond the Hype: Real AI Solutions for Law Firms' from 10:30–11:00 a.m. in Hub 2. This session will cut through AI buzzwords and focus on actionable insights legal professionals can use to enhance productivity and operational efficiency. 'The ALA Annual Conference remains an essential gathering for legal administrators, and we're excited to be back to engage with industry leaders, showcase our evolving offerings, and continue driving conversations on practical technology solutions,' said Michael Kemps, CEO of Innovative Computing Systems. The ALA Annual Conference & Expo provides a platform for legal management professionals to participate in interactive discussions, learn about the latest technologies, and connect with key solution providers in the industry. About Innovative Computing Systems, Computing Systems, Inc. has focused on the unique technology needs of law firms since 1989. Today, its expertise is trusted by legal departments, municipalities, and professional services firms. With a best-of-breed approach, Innovative selects premier technology partners and fosters long-term relationships to deliver dependable solutions that enhance productivity and support strategic IT goals. Learn more at Media ContactVicki LaBrosseEdge Marketing for Innovative Computing Systems, in to access your portfolio
Yahoo
08-05-2025
- Health
- Yahoo
5 things to consider before buying a pet
(WGHP) — This is National Pet Week. It's intended to promote responsible pet ownership, but how do you know if your children are ready for a pet, so you don't end up doing all the work? In Mommy Matters, we have five signs veterinarians say parents should consider before adding a pet to the family. First, see if your child is comfortable around animals. If they get nervous when they're near a dog or cat, or if they act too roughly with it, they might not be ready for a pet. They also need to respect an animal's space. Getting too close can provoke fear in some pets. Once your child understands that animals have feelings, they're mature enough to be a pet owner. Kids may be ready for a pet if they can handle completing simple household chores alone. Can they put away laundry or brush their teeth without constant reminders? If they can't, that sets you up for another daily battle to get a child to care for a pet. Your child is ready for a pet when they are willing to wait and find the right fit for them. For example, if the family is seldom home, a high-energy dog may not be a good choice. A cat that may need less attention may be a better alternative. If the family's gone most of the day, consider a pet that's more active at night, such as a hamster. Your child should also be mature enough to understand that the decision to get a pet is a family choice. Ask if everyone is ready to pick up the slack if someone doesn't do their part. Make sure everyone knows what they'll be required to do. And finally, make sure you're ready for the responsibility of a pet, too. If your child doesn't feed or walk the dog, it will fall to you. Make sure you have the time and energy — and the finances — to take care of your pet. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Irish Independent
03-05-2025
- General
- Irish Independent
Netflix hit ‘Adolescence' poses heart-breaking question – are children growing up too fast?
In her latest Mind Matters column child and adolescent psychotherapist Nettie Bowie discusses how to give children the space and freedom to simply be children Wexford People It seems as if childhood years are shrinking as children are being sucked into adulthood too quickly. Their brains are being forced to jump through developmental stages, bypassing natural development and forced into an adult way of thinking much too early. Children have shared with me their fears of becoming a teenager and teens say how they feel pressurised into doing or being something they're not ready for. I've heard them say things like, 'It seems like only last week that I was happy playing with my dolls, now I have to go along with what others are doing, and I hate it' or 'I don't want to get caught up in all the drama, I just want to enjoy my sport.' And for one teen: 'I wish I could tell my parents what's happening, but they'll just take my phone away.'
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CNA
21-04-2025
- Health
- CNA
Health Matters - Could a ringing in your ear be linked to a brain tumour?
Health Matters Guest: Dr Teo Ke Jia, Senior Consultant, Precision Neurosurgery Singapore at Mount Elizabeth Medical Centre
