Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
A maritime law judge has ruled that ocean carriers violate the Shipping Act when they limit container chassis choices for intermodal truckers.
Air Transport Services Group will see its Amazon business dip this year as the retailer decreases freighter utilization to match slower retail sales.
Burrell Aviation has named an ex-Southwest Airlines director to lure cargo airlines to properties it controls at second-tier airports.
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.
The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.
UPS is replacing MD-11s with more fuel-efficient Boeing 767 freighters as reducing costs and carbon emissions become increasingly important.
Hawaiian Airlines faces some headwinds in 2023, including some extra temporary costs to prepare for new business flying freighters for Amazon.
Republican lawmakers blame the Biden-backed $1.2 trillion infrastructure bill for boosting inflation and vow to step up oversight on how the money is spent.
The 2M partnership between MSC and Maersk — which is breaking up — is the smallest of the three alliances. The Ocean Alliance is much larger.
Three furry sloths died when the heat stopped working on a Qatar Airways jet during a long delay at frozen Liege Airport
Fly Meta has one aircraft and no pilots, but it plans to acquire four Boeing 777 jets transformed for dedicated cargo carriage.
Look at ocean freight bookings as a signal that manufacturing orders are increasing.
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
German ocean shipping company Hapag-Lloyd said its earnings before interest, taxes, depreciation and amortization jumped by $7.6 billion year over year.
It’s the end of an era for the “Queen of the Skies.” Boeing will make its final 747 delivery on Tuesday, but cargo airlines could fly them for another 40 years.
Container shipping rates from Europe to the U.S. are finally falling, but they’re still exceptionally high.
Ameriflight, an air cargo contractor for big express companies, is considering a large purchase of uniquely designed, semi-autonomous freighters from Natilus.
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
2004: The capsizing of two vessels rocks the project cargo industry.
Martinair, with the help of parent company Air France-KLM, is buying four new freighters from Airbus.
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers.
“Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets,” Hapag-Lloyd CEO Rolf Habben Jansen said.
1994: Those involved in response to the 600,000-gallon spill reflect on their efforts.
Air Canada is sticking with a Canadian, Jon Turner, as cargo chief after two Americans in that position left in recent years.
Shipping services around the globe will be reconfigured after the top two carriers end their vessel-sharing agreement.
Amazon is still investing in its air cargo network despite cost cuts elsewhere in the company. Next up: India.
A new contract for pilots at Hawaiian Airlines is setting the bar for all-cargo carriers above traditional industry leaders even though the carrier has never flown freighters before.
“We are proud to be part of this first-in-history interoperability launch between eBOL platforms,” said CargoX founder and CEO Stefan Kukman.
Steel, crude oil and refrigerated shipments rose as ports in Texas, Louisiana and Alabama recorded increased freight volumes in 2022.
Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?
White House economic adviser Brian Deese points to supply chain improvements while new pressures loom overseas.
American imports remain a tale of two coasts, with continued strength in container volumes headed to Atlantic ports.
“Terminal49’s automation has saved us thousands of dollars a year, but more importantly it’s helped improve customer trust,” said Trade XCelerators’ Spencer Strader.
United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.
The 9,133,657 twenty-foot equivalent units the Port of Long Beach handled in 2022 were only 2.7% off the record-setting 2021.
South Carolina Ports moved nearly 2.8 million TEUs in 2022, the most in the state’s history.
Annual volumes at the Nova Scotia port exceeded 600,000 twenty-foot equivalent units for the first time in its history.
RoadOne IntermodaLogistics has acquired The Transporter Inc., an intermodal service provider with facilities in Houston, Dallas and Laredo, Texas.
2023 was a banner year for the Port of Virginia, with annual volumes higher year over year as more traffic went to East Coast ports.
“It was a challenging year, but collaborative effort across Georgia’s supply chain ensured cargo movement remained fluid,” Executive Director Griff Lynch said.
NASA hauls the longest heavy cargo delivery; Reefers run food to the Bahamas; Submarine cables connect the Virgin Islands.
Two Chinese logistics companies have started their own airlines and now have expanded their routes within China, and internationally.
The biggest container ships sailing on the oceans can carry more than 24,000 TEUs and are as tall as the Empire State Building.
Delta Air Lines carried more than $1 billion in cargo below passengers’ feet last year, setting a company record.
1971: Londoners are able to buy American melons for the first time after test shipments to the U.K. proved successful.
A year ago, shippers were in scrums to find cargo space on airlines. The market has softened considerably and 2023 could see more declines before things get better.
Legislation aimed at “fixing the supply chain” would allow drivers under age 21 to haul freight to and from ports.
Swissport, a large cargo handler at Chicago O’Hare airport, has finally complied with the city’s requirement for a labor peace agreement, ensuring uninterrupted cargo flow.
Influential logistics provider Flexport says it will reduce its staff by 20% in the face of a looming global recession.
A first-ever strategy aimed specifically at decarbonizing transportation encourages maritime and rail over highway freight.
Imports continue to decline and are close to where they were before COVID-19, but the coastal mix is very different.
We take a look back at the state-of-the-art technology that streamlined trucking in 1961.
Trade has been proven time and time again to blow away the bluster of political rhetoric. China’s sleight of hand with its COVID reporting has the WHO accusing China of “under-representing” the severity of cases, and the flow of trade can back up the WHO’s statement.
A private investment group is rolling up large chunks of land at smaller airports to develop air cargo facilities.
Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.
Remaining queues of waiting ships are dwindling, another sign that supply chain pressure is winding down.
Alliance Ground International has agreed to give a major union access to workers at its O’Hare airport cargo facilities, averting a potential suspension of operating rights.
Port Houston plans to begin implementing fees for long-dwell containers beginning Feb. 1.
1992: 2-D bar codes provide an almost infinite variety of codes, which could prove especially useful in international shipping.
Jason Berry was key to getting Air Canada’s new-and-improved cargo unit off the ground but isn’t sticking around to see it reach cruising altitude.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
Flexport is hiring top tech talent to scale up its digital logistics platform.
The city of Chicago is pressuring cargo agents at O’Hare airport to make a deal with a powerful union. If they don’t, significant cargo backlogs could occur.
As cars gained popularity, ships were converted and built specifically for transporting vehicles overseas.
Specialized freighters with nose cones that open are helping National Airlines and its sister logistics company capture more oversize business.
The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.
Bankruptcies, freight demand, trucking legislation and more dominated the headlines this year.
Just as the pandemic wound down, another market-altering event for shipping — the Ukraine-Russia war — ramped up.
Making money was more difficult for the air logistics sector in 2022, but the future remains bright.
Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.
Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.
2000: World container port throughput increased 7.8% last year to about 201 million TEUs — the first time volume exceeded 200 million TEUs.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
1974: They may be the last hurdles in the way of renewed trade between the
United States and Cuba. An embargo failed to work and indirect business
has begun.
Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.
By the start of the 1900s, about 40 U.S.-flag ships were operated by the country’s lumber titans, proving to the industry at the time that marine transport was more efficient than rail.
Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.
Auto imports, crude oil and petroleum shipments rose as ports in Houston, Corpus Christi and New Orleans recorded mixed freight volumes in November.
Air Canada is beefing up ground infrastructure as it develops a new fleet of freighters able to raise transport reliability for logistics customers.
The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
Like all previous maritime boom cycles, things are starting to turn down. That reshaping of trade is creating a misleading message on demand.
The German national railway is looking to sell off its DB Schenker logistics business if it can get a good price.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
Foreign-flagged vessels working in the U.S. offshore energy sector would face new restrictions under a proposal before Congress.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
Containerized imports to the ports of Los Angeles and Long Beach have now fallen well below pre-COVID levels.
The Port of New Orleans has received $800 million from two major trade operators toward a planned $1.8 billion container facility.
Geodis is now offering U.S.-based e-commerce companies air zone skipping service to Canada.
DHL Express is responding to demand for e-commerce with the addition of a new cargo route — this time to the Dominican Republic.
The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
Blockchain technology provider CargoX believes skeptics shouldn’t be bystanders in the creation of global shipping data standards.
7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
November saw another double-digit drop in America’s containerized imports, driven by sinking volumes from Asia.
Japan Airlines will fly freighters for Yamato Transport, which needs airlift to supplement a shrinking pool of truck drivers in Japan.
Shipping giant Maersk changes leadership as it transitions from a period of massive profits to one of challenging market conditions.
Freight management companies are not making long-term shipping commitments with airlines to avoid getting stuck with unneeded bookings.
