Viewpoint: The year of labor — knowing your worth
Workers responsible for the transport of goods have pushed back on wage offers in recent months, but the flow of trade is choking in this tug of the purse strings between employers and labor.
Workers responsible for the transport of goods have pushed back on wage offers in recent months, but the flow of trade is choking in this tug of the purse strings between employers and labor.
OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”
Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.
A partnership between DHL Express and Singapore Airlines is taking off following the delivery of a new Boeing 777 freighter.
Ports in Houston, Corpus Christi, Texas, and Mobile, Alabama, continued to see increased cargo volume in July.
U.S. imports accelerated in July, with inbound cargo from China reaching a year-to-date high, according to Descartes.
Flexport has tapped another Amazon veteran for its leadership ranks as the logistics company moves to the next level of growth.
July was a record month at the Port of Virginia. At SC Ports, July’s volumes were up from June as the Port of Charleston sought to improve port flows.
With East Coast ship queues high, port executive Gene Seroka says: “For cargo owners looking to rechart their course, come to Los Angeles.”
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Hellmann Worldwide Logistics took another step in its drive for global expansion by buying out its partner in Peru.
Hong Kong’s COVID rules have handcuffed Cathay Pacific’s pandemic recovery, and typhoons last month wreaked havoc with freighter deployments.
Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
The latest whammy? A U.K. port strike could delay deliveries of Guinness.
The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.
Airbus is so pleased with its first three Airbus A321 freighter conversions that it plans to add six more of the jets.
UPS Airlines is keeping its pilots happy with a new contract extension.
Federal regulators are considering a congestion emergency order to require carriers to share cargo data with shippers, railroads and trucks.
Air Canada is moving quickly up the ranks of hybrid passenger-cargo carriers.
Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.
Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.
Lufthansa Cargo is increasing cargo capacity to key markets after adding a large 777 freighter.
Maersk Air Cargo is preparing to start U.S. service that originates in South Korea.
South Korean ocean carrier HMM expects “downward pressure” on demand growth in the second half of 2022.
Latam Airlines’ cargo division has expanded its European service, including a dedicated charter flown for logistics provider DB Schenker.
Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.
Vietnam Airlines is moving beyond passenger business to fly cargo jets for the first time, with the help of a U.S. air services company.
Georgia Ports Authority kicks off the start of its new fiscal year with volumes at over a half million TEUs.
Mercado Libre is an online retailer with a private cargo airline. It is outsourcing air transport in Brazil to passenger airline Gol.
Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.
The South Carolina cold chain facility opening next year will handle Port of Charleston imports and exports of proteins, fruits and vegetables.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
Record results by the cargo division pulled Deutsche Lufthansa AG to profit in the second quarter for the first time since the COVID crisis began, underscoring how moving goods has […]
Air Transport Services Group rode the e-commerce wave to another profitable quarter.
Federal regulators are pressuring carriers at the Port of New York and New Jersey to compensate shippers and carriers for container storage.
NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.
Atlas Air reported strong second-quarter earnings while announcing it is being bought by an investment consortium for $5.2 billion.
The U.S. is enforcing sanctions against Iran and Venezuela through seizure action on a 747 cargo jet.
Chinese military exercises in the Taiwan Strait will delay shipments. Further escalation could have dramatic supply chain effects.
Etihad ordered big Airbus freighters to support its ambitious growth plans for cargo.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
E-commerce is making air cargo an attractive play for investment funds. Atlas Air is on Apollo Global Management’s wish list.
The Democrats’ inflation bill pares down ‘Build Back Better’ but includes $3 billion to help ports and terminals cut pollution.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
Second-quarter cargo business softened on the margins for British Airways and its sister airlines but was still much better than before the pandemic.
“Peak season” is a term in maritime that really has lost all meaning. Since the pandemic began, the ports have been processing record volumes of containers. Inventories were wiped out […]
Cargojet says it has two built-in defenses against an economic downturn: e-commerce and unstable cargo service at passenger airlines.
The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.
The new rail hub is designed to respond to a growing need to expand domestic intermodal capacity within the greater Seattle region.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
UAE-headquartered port operator Gulftainer says it has turned a “poorly performing past two years into a significantly positive first half of 2022.”
DHL is expanding its airport infrastructure in Germany and dedicated route network in the Americas to support growing trade volumes.
European airports have experienced plenty of headaches this summer. A strike at Lufthansa is adding to congestion and frustration.
Boeing landed some freighter contracts at the big Farnborough air show but wasn’t the only manufacturer making sales on the cargo front.
Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.
Consumer demand, vessel diversions and efforts to avoid congested West Coast ports drove the Georgia Ports Authority to break its record for annual volumes.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
Ocean carrier Maersk is buying three Boeing freighters and outsourcing flying to Amerijet to penetrate the U.S.-Asia air cargo market.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
The Farnborough International Airshow was a relative success for Boeing, capped by large preliminary commitment for freighters from Cargolux.
Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
“This allows Samsung to set a new bar of service levels for logistics customers, and Vizion supports this through hyperfocus on enhanced visibility technologies,” said Kyle Henderson, co-founder and CEO of Vizion.
COVID continues to crush Cathay Pacific’s business, but the cargo fleet is now back at full force.
America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Boeing, Airbus and independent aviation engineering companies are trying to meet demand for converting standard passenger jets to cargo configuration.
Boeing is more optimistic about demand for air cargo over the next 20 years, which is why it forecasts a need for 540 more freighters than competitor Airbus.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
China’s “dynamic COVID-zero policy” means more government-mandated testing — and more drayage delays.
A turboprop cargo plane owned by a Ukrainian airline crashed in Greece with a load of weapons for Bangladesh’s military.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.
The buildup of vessels anchored off East and West Coast ports translates to around $30 billion, according to MDS Transmodal.
Insurance and risk management firm TT Club says “Book it right and pack it tight” provides guidance for preparing unitized consignments of dangerous goods for carriage by sea.
New guidance from the Federal Maritime Commission on disputing ocean carrier charges is considered a “landmark moment” by U.S. exporters.
Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.
Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.
Higher amounts of loaded imports and empty export boxes contributed to a nearly 15% increase in volumes.
Congress introduced a bill to protect the health of port communities and address climate and environmental justice issues.
From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.
Latam Cargo’s expanded freighter fleet has made it possible to open up extra dedicated service between Europe and the Americas.
Companies that want standard freighters from the pre-owned market are in a race to find suppliers. Raya Airways and ASL are in the door with their orders.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
All Nippon Airways is partially changing a large order for Boeing’s upgraded 777 of the future to include a couple of cargo jets.
There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.
Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.
(UPDATED: Oct. 25, 2022 3:05 P.M. ET) Alabama’s Huntsville International Airport in the past year has attracted new air cargo services controlled by major global logistics companies, solidifying its reputation […]
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
Contract talks between German port employers and labor union ver.di have bogged down over questions about inflation’s impact on wage increases.
Vallair says it will turn passenger aircraft into light-duty freighters by clearing out the cabin so boxes can be loaded on the floor.
Nonprofit organization GivePower is using solar power to desalinate water and provide positive health, education and economic impacts for communities.
Emirates is enlarging and modernizing its cargo fleet with modified passenger aircraft and new builds.
A new law authorizing tandem loads of 20-foot containers went into effect in Louisiana on June 17.
Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.
The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.
West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.