AskWaves looks at GAO’s warning that the U.S. needs to step up capabilities and oversight in the Arctic region as emerging shipping routes gain steam.
Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.
The pilot of the Ever Forward could face civil charges as a result of the vessel being stuck in Maryland’s Chesapeake Bay for more than a month.
GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
1991: The new system allows automobiles to move in regular intermodal containers instead of the multilevel railcards that now are the industry standard.
China Southern Airlines has joined the Freightos air cargo booking platform. It’s the first time an airline in China has participated in an online freight market.
Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.
GPA will shift breakbulk cargo carried by Wallenius Wilhelmsen Ocean to the Port of Brunswick so that it can “optimize cargo movement” at both the ports at Brunswick and Savannah.
The peak season for air shipping failed to materialize this year, but realistically volumes and rates are just normalizing after a crazy two-year rush.
Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.
Three laid-up Mission tankers were enlisted to help get a man on the moon.
Air Canada is once again offering horse transport thanks to the addition of freighter aircraft to its fleet.
Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”
FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
UPS said it will keep its money-back pledge on domestic and international next-day air services.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
The air cargo industry is upset about a Dutch proposal to reduce aircraft slots at Amsterdam airport because it would cut into freight traffic.
Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.
RwandAir is becoming a combination carrier, adding a freighter airline to its traditional passenger operation.
Shippers and carriers are increasing the pressure on ports and other supply chain participants to roll out “green corridors” using digital technology.
Lufthansa’s cargo division has expanded service to Vietnam.
Gulf Coast ports got a boost in October from imports of steel, plywood and bagged goods, as well as exports of crude oil.
1999: eBay ushers in e-commerce’s most dramatic distribution channel disruption in decades.
A weaker-than-normal shipping season is hurting Cathay Pacific Cargo’s ability to recover from the pandemic.
Southern California’s container-ship logjam ends as congestion eases at East and Gulf Coast ports.
Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.
Canada’s WestJet plans to start flying cargo jets next year after a frustrating wait to get the planes registered.
Amazon is expected to fight a new effort by workers at its air cargo hub in Northern Kentucky to form a union.
Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.
Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.
Mediterranean Shipping Co. is moving up plans to inaugurate its air cargo airline, offering service between North America, Europe and Asia.
United Kingdom sanctions put CargoLogicAir on verge of going out of business.
FreightWaves Classics examines storied ocean carrier U.S. Lines, which was persistent in its desire to operate a successful cargo ship named the American Shipper.
A GAO report recommends DOT better explain its grant-funding procedures so that applicants won’t overestimate how much money they must contribute to qualify for funding.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
Amazon has rented a new air cargo facility in New Hampshire and launched daily freighter service to shorten delivery times.
In 1952, a C-124 flew straight into a remote Alaskan mountaintop, killing all aboard. Here’s the story of what it’s taking to bring them home.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Egypt’s Suez Canal was built 153 years ago this week, and its storied history is so much more than last year’s drama.
Toronto Pearson airport is looking for ways to support more cargo business, starting by converting an old office park.
The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.
Burrell Aviation has made a speculative investment at Colorado Springs Airport aimed at attracting air cargo companies.
Airlines and logistics companies realize air cargo business will be lower this year. Talk of a 2023 upturn is more based on hope than economic signals.
Container volumes were up year over year in Savannah and Charleston, while crude oil exports set a record in Corpus Christi.
FedEx’s airline unit is taking down many flights to save money as it scrambles to counter a steep decline in shipping revenue.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
Silk Way West Airlines, a growing cargo operator based in Azerbaijan, and Alaska Airlines on Thursday signed contracts with Boeing for two freighters apiece — but that is where the […]
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.
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.
