The Ukrainian aircraft manufacturer Antonov said it expects rebuilding the aircraft destroyed by Russian fighters to cost at least 500 million euros.
Boeing on Wednesday issued a bullish 20-year outlook for the freighter jet market.
Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.
Boeing and Airbus on Tuesday signed deals to bring more large freighter jets to the market.
An international trade group settles on Miami as the regular location for its semiannual air cargo expo.
Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.
The Port of Houston announced it will begin implementing fees for long-dwell containers beginning Dec. 1.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Cargojet is better protected from an economic downturn than airlines handling general air cargo because of e-commerce and deep partnerships.
Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.
Most politicians are clueless about supply chains, so it’s a shame when industry veteran Mike Erickson runs for Congress and pins inflation on ocean carriers.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
Leasing companies are going bonkers converting used aircraft for cargo. As demand for air cargo cools, there could be a glut that lowers shipping rates.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Jaxport CEO Eric Green said the $23.5 million grant “marks a milestone in our initiatives to build the port of the future and move cargo in the most efficient and eco-friendly way possible.”
The U.S. Department of Transportation is awarding the Port of Long Beach a $30.1 million grant to replace diesel yard tractors with zero-emissions cargo-handling equipment.
Tanker and diesel crisis, looming rail strike and Mississippi drought adding pressure on logistics managers.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
A massive eight-day backup of barge traffic at Locks and Dam 26 on the Mississippi River in 1976 resulted in shipping losses estimated as high as $500,000 a day.
Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.
Ocean carrier contracts and carriers’ ability to make a profit are put to the test in a proposed rule, according to reaction from shippers and carriers.
The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
Barge movement on the Mississippi River continues to be impaired by low-water levels with no end in sight.
A pair of trade associations wants the government to provide up to $5 billion to support massive redevelopment for cargo activity.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
“At MSC, we want to continue to improve towage service efficiency and expand Rimorchiatori Mediterranei, building on the impressive work of the Genoese families that have developed the company the past 100 years,” MSC CEO Soren Toft said.
Hawaiian Airlines will begin operating Amazon Air’s largest cargo jets on the retailer’s biggest shipping lanes next year.
In a major move, Amazon is acquiring 10 large freighter aircraft for long-haul international transport and hiring Hawaiian Airlines to fly them.
Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.
South Florida Container Terminal has ordered 12 electric, emission-free, rubber-tired gantry cranes and welcomed the launch of CMA CGM’s Medgulf service at PortMiami.
Flexport is an international logistics provider that also acts as a bank for customers that need more liquidity when sourcing goods from overseas.
The air cargo market’s deceleration this year had a greater impact on third-quarter cargo revenues at American Airlines than its primary rivals, Delta and United Airlines. But the best revenue […]
The air cargo market is full of contradictions. Shipments and rates are falling and a recession is looming, but business is better than in 2019.
Southern California ports are being hit by double-digit import drops as the COVID-19 cargo boom winds down.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
United Airlines continues to deliver strong cargo results each quarter even as global trade softens.
The South Carolina Ports Authority will join other major East Coast ports in providing near-dock rail via the planned Navy Base Intermodal Facility at the Port of Charleston.
Port Houston reported a 26% year-over-year increase in cargo volume in September.
Aerospace engineering firm Mammoth Freighters hasn’t built one converted freighter yet but is already adding capacity to meet demand.
Airbus is establishing a for-hire cargo airline using super-jumbo jets that previously hauled aircraft fuselages and tails for its own supply chain.
Declining imports have led to fewer container ships waiting off ports, injecting more capacity into the market, a negative for spot rates.
Delta Air Lines’ cargo division had a Goldilocks third quarter: not too cold and not too warm.
Thursday was a busy day for aircraft conversion deals, with leasing companies placing deposits to get passenger aircraft changed into freighters.
Supply chain planners will walk a precarious path in 2023, according to S&P Global transportation expert Paul Bingham.
Maersk, a major container shipping line, is set to debut its U.S. air cargo service and has focused its resources on the Chicago area.
PayCargo won its trademark case against CargoSprint, which was hit with $11.6 million in damages.
Cargolux is sticking with Boeing over Airbus for replenishing its 747 freighter fleet. On Wednesday, it ordered 10 modern 777-8s.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.
Delta Air Lines and South American carrier Latam Airlines have become partners, creating opportunities to streamline their cargo networks.
Port Houston recently ordered 29 container cranes for a total of $106.1 million.
Demand for Asian goods began dropping earlier this year. This is now having a delayed — and highly negative — effect on U.S. imports.
China-based Zongteng Group has acquired a large cargo jet to enhance its global e-commerce logistics distribution capabilities.
Ocean carriers will be subject to stricter requirements when they charge shippers fees on late containers if a proposed rule is adopted.
Air Canada is giving shippers more airfreight options in the Americas, thanks to a new converted freighter.
Truck transportation jobs in September dropped by an amount exceeded in the last 10 years only by the start of the pandemic.
Air cargo professionals figured business would take off after the summer lull. Turbulent economic conditions and pre-buying have prevented that so far.
Los Angeles airport is finally moving forward on an ambitious project to overhaul its sprawling cargo terminals.
Shipping adheres to a time-honored tradition: When shipowners make exceptionally high profits, they order a lot of new vessels. When those newbuilds are delivered by the yards, it kills shipowners’ […]
Automaker Volkswagen is opening a new shipping hub in South Texas to import more than 140,000 vehicles a year.
FedEx Express and the union representing its pilots on Wednesday filed for federal mediation with the National Mediation Board to help unglue contract negotiations that began in May 2021. The […]
Boeing 737-800 passenger-to-freighter conversions are selling like hotcakes. A Japanese-owned leasing company snapped up six more slots.
CEO Rolf Habben Jansen said the SM SAAM S.A. acquisition is part of Hapag-Lloyd’s strategy to build “a robust and attractive terminal portfolio.”
With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
Cathay Pacific Cargo is sending cautionary signals about the peak shipping season but still wants new freighters from Airbus or Boeing.
A bipartisan proposal increases minimum tonnages for agricultural products exported by the U.S. government.
California’s legal victory allowing it to impose workplace rules on flight attendants has some cargo airlines worried about states regulating their operations.
Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.
The imbalance of the supply chain now is based on human error and port congestion. We know trade is slowing down, but the congestion skews the reality of the pullback in orders.
Airlines are pushing governments and energy producers for more sustainable fuels. And the cargo sector is helping create more market demand for them.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
The Biden administration has approved a controversial Jones Act waiver for Puerto Rico in the wake of Hurricane Fiona.
DHL Express is the first customer for Eviation Aircraft’s electric aircraft, which made its first flight on Tuesday.
Hurricane Ian could slash the flow of Florida products to companies and consumers in the United States and abroad.
The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
The Georgia Ports Authority’s board on Tuesday agreed to spend $60 million on further development at the Colonel’s Island Terminal.
Turkish Airlines Cargo put Turkey on the map for air cargo, but companies like MNG Airlines and Air Anka are adding to the competition.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Mediterranean Shipping Co. is taking to the skies with a new cargo airline, following on the heels of other ocean shipping lines with air divisions.
An increase in vessels calling on the East Coast and Gulf Coast ports is adding to wait times, which increases the delays of materials needed for manufacturers to complete their products or get finished products on store shelves.
Boeing CEO David Calhoun is outspoken about how governments are making environmental and economic policy.
East and Gulf coast ports handled more volume than ever before in August, pulling far ahead of West Coast rivals.
Retailers are coming together to send demand signals for zero-carbon shipping fuels.
Air Canada had a dual fleet but got rid of its cargo jets years ago. A pandemic epiphany led the airline to invest in 12 freighters.
The Port of Manzanillo has resumed operations after a 7.7 magnitude earthquake rocked Mexico’s Pacific Coast region Monday.
Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
Amazon is slowing down its air cargo expansion as online sales slow but putting more volume through its new Northern Kentucky hub.
A decrease in shipment arrivals as a result of congestion delays is a byproduct of labor strife.
DHL is opening new package terminals at U.S. airports as demand keeps growing. The newest facility will be in Atlanta.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.
Crowley Maritime’s Isla Grande Terminal suffered no significant damage when Hurricane Fiona hit Puerto Rico on Sunday.
The ports at Houston and Corpus Christi, Texas, continue to see monthly cargo growth from oil and steel shipments.
An executive who ran finance for a health care company has been named to lead American Airlines Cargo.
Gol was caught bribing government officials in Brazil in violation of the Foreign Corrupt Practices Act, according to investigators.
Executive Director Mario Cordero says the Port of Long Beach is “making great strides in reducing the number of ships queuing to enter the San Pedro Bay ports complex and quickly moving imports and empty containers out of the terminals.”
