July 1 deemed ‘Bloody Friday’ in shipping due to stock drops
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
Air France-KLM has reached a $3.9 million settlement with the U.S. government to resolve a fraud investigation involving international mail delivery.
Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.
Delta is the latest airline to settle charges of defrauding the U.S. Postal Service on mail transport contracts.
Port of New York and New Jersey executive director says the flow of trade originally bound for the West Coast and redirected to the East Coast has been substantial.
Lawmakers and shippers urge quick wrap-up of new dockworker labor pact on the eve of the contract deadline.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
Container lines stand to gain from unprecedented berthing priority under a proposal introduced by California lawmakers aimed at helping U.S. exports.
FedEx pilots want a rich new labor deal to keep up with their counterparts at United and UPS.
Container and breakbulk volumes rise as Gulf Coast ports record strong shipping volumes in May.
The jaws of the supply chain vise are squeezing trade so tight that the headache it is creating will be a whopper for logistics managers this peak season.
Silk Way West Airlines, an all-cargo carrier based in Azerbaijan, placed an order with Airbus on Tuesday for two A350 large freighters, moving from an exclusive Boeing fleet for the […]
Embraer is the latest manufacturer to launch a freighter conversion program for used passenger aircraft.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Trailer Bridge signed a $62 million lease agreement with the Jacksonville Port Authority to continue operating a Blount Island terminal through at least 2041.
Lufthansa parked 14 giant Airbus A380 aircraft during the pandemic but now sees value in bringing some back.
A Swiss logistics company and Baker Hughes, its customer, must take their dispute over a botched air cargo shipment to arbitration, a U.S. federal court said.
German logistics giant DB Schenker on Friday made a big move into the North American trucking market with a deal to acquire USA Truck.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
IATA says airlines can’t succeed on sustainable fuels, 5G interference and lithium battery safety without more government involvement.
Aero Capital Solutions is a mid-tier aircraft leasing firm that has quickly gone from zero freighters to soon having 40 of them.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
The peak season of 2022 presents a variety of challenges for logistics managers, according to the latest findings of the CNBC Heat Map. East Coast ports continue to see tremendous […]
The air cargo market has lost some steam from 2021 but is still going strong, according to the airline trade group IATA.
The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.
Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.
Port Houston awarded $429 million to Weeks Marine and Curtin Maritime Corp. to dredge the Houston ship channel.
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
LATAM Airlines’ cargo division is the first South American carrier to sell capacity on Freightos, a digital marketplace.
Federal Maritime Commissioner Dan Maffei says in an interview that the bill will return “credibility to the supply chain.”
A number of East Coast ports saw volumes increase in May, and Savannah was one of them.
The union representing more than 3,300 UPS pilots has reached a tentative agreement with the express delivery company on a two-year contract extension, both sides separately announced late Tuesday. If […]
Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.
Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.
Airlines act as an auxiliary transport wing for the U.S. government during times of crisis.
President Biden plans to sign into law the Ocean Shipping Reform Act, the first ocean shipping regulations passed by Congress since 1998.
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
Shanghai’s weekend quarantine of 15 out of its 16 districts affected the flow of exports bound for the Port of Shanghai, according to CNBC Supply Chain Heat Map provider OrientStar Group.
President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.
Delta Air Lines will transport baby formula from London to two U.S. cities under the Biden administration’s Operation Fly Formula program.
Both sides were slated to return to the negotiation table Friday.
May was one of the busiest months in history for the container ports of Long Beach and Charleston.
The air cargo market, like other freight sectors, is in a dip. There are mixed signs that air could bounce back sooner than other transport modes.
FMC rulemakings and reports included in the Ocean Shipping Reform Act of 2022 will begin taking shape soon after the bill is enacted. Here’s a breakdown.
Employers association calls union’s work stoppage ‘absolutely irresponsible’. Both sides are slated to return to the negotiation table Friday.
President Biden underscored his support for ocean shipping reform as he prepares to speak at the Port of LA. Here’s a rundown of major efforts the administration has taken to date to ease supply chain disruption.
With President Biden to speak at the Port of Los Angeles on Friday, here’s a look at how California’s San Pedro Bay emerged as America’s key port complex.
“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.
The baby formula crisis is still acute. FedEx and United Airlines are helping out by delivering new shipments of formula from overseas on Thursday.
There is one reason behind this trade snarl. One. Can you guess? Bet you can’t unless you are an importer.
The International Maritime Organization and a California congressman look for strategies to lower emissions on World Ocean Day.
Companies ship by air because it’s faster than other modes. So how does shipping by sea actually help Cathay Pacific move air cargo through Hong Kong?
The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.
Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.
The Supreme Court said that a Southwest Airlines employee doesn’t need to go through arbitration to pursue a claim for overtime pay.
“Shifex has tremendous insight and we hope to inspire other freight forwarders to come out, be transparent about pricing and move this industry forward,” said Shifl founder and CEO Shabsie Levy.
SONAR helps break out key trade hot spots in CNBC Supply Chain Heat Map
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
The air cargo market continues to lose altitude in the face of an overall economic slowdown and supply chain dislocations. Whether swiftly changing conditions enable airlines’ cargo business to swing […]
It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
The last four 747-8 freighters to roll off Boeing’s production line this year are going to all-cargo operator Atlas Air, which announced Thursday the first one recently received will be […]
The International Air Transport Association’s chief economist points to mixed signals for the economy and air cargo activity.
The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.
United Airlines has stepped up to help Operation Fly Formula by transporting critically needed baby formula from the U.K. on regular passenger flights.
The Port of Hamburg could suffer a container pileup if labor issues are not resolved in Germany.
While the Federal Maritime Commission’s Rebecca Dye found no evidence of collusion among the major ocean carriers, an investigation into the “numerous charges” they assess still could be launched.
Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.
Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
Amsterdam airport lost a major cargo customer because of Russia’s invasion of Ukraine.
Russian airline Volga-Dnepr is trying to revive its fortunes, and the Russian economy, with a new air logistics deal with Moscow.
The Biden administration has employed an all-of-government approach to bolstering infant formula supplies until domestic manufacturing can return to normal.
Work remains for the Biden administration’s new port envoy, Stephen Lyons, to untangle freight supply chains.
The latest baby formula developments include relaxed regulations to support more imports, an air cargo pipeline and congressional scrutiny.
The nation’s top container-trade regulator says he wants ensure more fairness in ocean carrier contracts after a spike in shipper complaints.
Dallas Fort Worth is a tech-forward airport on many levels. Its latest initiative is trialing an autonomous tow vehicle in the cargo area.
Supply chain bottlenecks on the West Coast last year were evident in global port ranking data.
Ethiopian Airlines is investing in five more Boeing 777 freighters to meet shipping demand.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
The International Air Transport Association’s U.S. subsidiary next month will have a new president.
Passenger airline Avianca plans to lease up to four converted freighters as cargo becomes a strategic focus.
Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.
A new tracking analytic uncovers the undercurrents within the flow of trade.
Gulf Coast ports continue to see strong demand for container and breakbulk cargo services during the month of April.
The Jacksonville harbor deepening project “demonstrates Florida’s unwavering commitment to strengthen and grow supply chains.”
East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.
Supply chain delays are the chief worry among most of the 4,000 survey respondents.
FedEx Express will be the first commercial operator to fly baby formula to the U.S. as part of the government’s Operation Fly Formula.
FedEx is trucking an emergency shipment that arrived Sunday in Indianapolis on a U.S. military jet to a Nestle warehouse.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
United Airlines is significantly boosting its cargo capacity with the reintroduction of Boeing 777-200 jets.
President Biden has approved the first mission for Operation Fly Formula: Bring back baby formula from Europe.
Infant formula manufacturers and the federal government have called in the air cargo cavalry to help with the formula shortage.
The White House has set up Operation Fly Formula to rush imports of baby formula to stores until domestic production can ramp up to cover the shortage.
CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.
The Port of New York and New Jersey’s outgoing and incoming directors discuss container migration, reliance on data and how they avoided problems plaguing West Coast ports.
EgyptAir is acquiring a small freighter to go with its trio of widebody cargo planes.
According to maritime expert John McCown, the U.S. ports with the strongest April performance were Charleston, South Carolina; Houston; and New York/New Jersey.
Restrictive trade policies are contributing to the nationwide shortage of infant formula because products can’t be easily substituted from abroad.
It was another record month for GPA, with container volumes up by over 6% year-over-year.