Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
An intermodal container terminal in Alabama targeted for “earmark” funding would extend the reach of the Port of Mobile.
In an effort to keep trade flowing, major carriers have canceled sailings to Yantian — a useful diversion that has created a whole new chain of bottlenecks.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
Bad apples can jump from one company to another because their full employment history doesn’t always follow them. It happens in all industries. But when bad pilots get a second chance, it can be deadly.
Cargo handling companies at Chicago O’Hare International Airport are crying, “No mas.” They’re investing in warehouses outside the airport because cargo volumes are causing gridlock at airport terminals.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
1991: In-transit damage used to be a major problem for Ford, but the automobile manufacturer has amped up its hauling standards.
Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.
No matter the rhetoric, the unvarnished truth is it takes people to move trade.
The cranes cost $21.6 million to construct; a price tag on vessel and cargo damage has not yet been estimated.
There was a fair amount of “feel-good” talk regarding inventory build during the fiscal first-quarter retail earnings season. But for several chains, the year-over-year comparisons were easy. Further, sales have continued at an elevated clip, suggesting the massive merchandise restocking is far from over.
Finding space on an international aircraft to move one’s freight is no easy task. Large shippers with enough volume are just renting entire planes to ensure their stuff can get from here to there.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
“The X-Press Pearl’s sad fate is the latest in a disappointing recent and persistent catalog of container ship fires,” says the TT Club.
Cainiao, which means newcomer or beginner in Chinese, is the 8-year-old logistics unit of Alibaba. Besides providing express delivery for packages ordered through Alibaba, it is offering end-to-end logistics services to other companies.
Freight forwarder will pay “absolute historic high” to secure container ship as “people are panicking” amid “out of control” market.
International transport rules for dangerous goods could have hindered the vaccine rollout by airlines without swift action by the air cargo sector.
The U.S. Army Corps of Engineers budget provides first-time federal funds to deepen and widen Norfolk Harbor.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
President Joe Biden’s regulatory policy shift has wide-ranging implications for shippers and carriers.
Rather than awaiting national-level solutions to trade imbalance and demand surges, shippers and carriers should act now to modernize operations across the supply chain.
Doing business in China is tricky and companies could get sucked into the political quicksand, so best to have an exit strategy to avoid reputational risk, experts say.
A mid-May blaze inside the roll-on/roll-off vessel was just the latest incident that halted removal of the Golden Ray, which capsized in September 2019.
A search is ongoing for three missing crew members from a roll-on/roll-off vessel that sank after colliding with a tanker.
Overhead bins, seat bags and seat removal are among the innovations airlines started during the COVID pandemic to move more cargo while few passengers are traveling.
Gold heist at LAX: Airport cargo workers dipped into shipment of gold, took some for themselves and now face 15 years in prison.
The U.S. military withdrawal from Afghanistan couldn’t be accomplished without massive cargo transport planes. But tapping commercial resources could deprive other companies from using those aircraft.
After an 85% revenue jump, the South Korean carrier turns its attention to meeting its carbon neutrality target.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
“Demand for products and services both domestically and abroad is driving significant gains in Georgia’s cargo volumes,” says Executive Director Griff Lynch.
“The supply of container equipment is currently one of our industry’s biggest challenges,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Big integrated parcel carriers are constantly adding aircraft to their fleet, but that expansion is going even faster to keep up with e-commerce. DHL Express is even starting an airline in Austria to keep up.
Get your cameras ready along the coasts of Georgia and South Carolina.
Some car owners will only take their cars to the dealer for maintenance, while others are content with an independent mechanic. The choice is similar for airlines that want to modify aircraft to carry cargo.
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
2002: The Port of Oakland gears up intermodal capabilities to catch up with in-state rivals Los Angeles and Long Beach.
On National Maritime Day, let’s not forget those at sea who are key to sustaining our economy and delivering essential supplies.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
The ICS hopes its Seafarer Vaccination Roadmap will create vaccine hubs in various ports.
Shippers call on lawmakers to expand government oversight of contracts between ocean carriers and their customers.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
LATAM Airlines will add 10 767 passenger planes with a repair shop licensed by Boeing so they can be retrofitted to carry cargo on the main deck.
Major e-commerce growth led DHL Express to change aircraft and routes in Southeast Asia for package delivery.
Container activity was 275,840 TEUs at the port in April, an increase of 25% year-over-year for the month of April.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
1974: Administration opposes HR-8193, but House sub-committee gives it an OK. Mountainous Bolivia asks 50% for its ships; others get 100% share of their own trade.
Finding cargo space on aircraft these days is a challenge. Now comes another layer of demand from U.S. fruit growers looking to export from the West Coast.
The capsized roll-on/roll-off vessel has been on its side near Georgia’s Port of Brunswick since early September 2019.
There have been no reported injuries, pollution or cargo losses aboard the vessel deployed on a ONE Atlantic service.
Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.
American Maritime Partnership warns the Biden administration to guard against waiver manipulation by refineries in the wake of the Colonial Pipeline shutdown.
SmartLynx Airlines is leasing passenger aircraft to fly cargo before using them for their traditional role.
“This was by far the busiest April in the port’s 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%.”
The situation for importers is getting even more dire. Already extreme container rates are ascending to even higher peaks.
Amazon planes are shuttling between more than 40 airports in the U.S. That translates into faster e-commerce deliveries by eliminating trucks.
E-commerce spurs a year-over-year container volume hike of 43.6%.
The Biden administration has issued a Jones Act waiver amid fuel shortages and rising gas prices sparked by a pipeline outage.
Alaska Airlines is building back its fleet.
Containers, vehicles and rail moves contribute to a record April for the South Carolina Ports Authority.
Ocean container shipping company CMA CGM has a new cargo airline that’s flying to more places.
A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.
Leasing companies are investing in pre-owned passenger planes that can be converted into freighters, and production companies are stepping up to meet their need.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Airfreight markets around the world are facing serious capacity constraints. Trade growth is overwhelming the physical ability of carriers to move goods and it’s reflected in transport prices.
Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.
1978: More than a decade ago, someone accepted the measurement given in a manufacturer’s advertisement at face value. The figure has been used since then to compute ocean freight rates on certain chemicals. Who is liable? The shipper or the carrier?
The Air Line Pilots Association has accused the bargaining unit for Cargojet pilots of going along with the company’s effort to weaken new anti-fatigue rules.
Airbus is competing not only against Boeing to sell small converted freighters, but it now has a new U.S. competitor in retrofitting A321s.
Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.
Exported empties contribute to the Port of New York and New Jersey’s monthly volume record.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
Aircraft conversion houses tear apart passenger aircraft, then reinforce the walls and floor so they can handle heavy cargo on the main deck. Business is growing along with trade.
Purolator is considered the FedEx or UPS of Canada. The express delivery company has hired an airline to help it move more packages between the U.S. and Canada.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.
he microgeometry of a shark’s skin reduces friction and allows it to move faster in the water. Lufthansa Cargo is applying that same capability to its aircraft to save fuel in a fascinating case of man copying nature.
2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of the associated risks.
Silk Way Airlines is flying freighters to Europe, North America, the Middle East and Asia. One of its airplanes may be delivering goods to an airport near you.
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
The Port of Montreal is a major trade gateway for Canada. The Canadian government busted up a strike by unionized dockworkers and cargo will start flowing again.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
Container rates doubling from a year ago is a lesson for port investment, according to Port of Long Beach’s Mario Cordero.
Canadian lawmakers approve legislation to force an end to a strike by Port of Montreal longshoremen.
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
You may not have heard of Cainiao, but you know parent company Alibaba is the Amazon of China. Cainiao is powering Alibaba’s logistics and recently arranged air transport from Singapore to duty-free shops in China.
Ag letter is the latest in a series of urgent pleas to stop the denial of trade and increased demurrage costs.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.
Some importers are rethinking how to move their products due to the Ever Given’s “very sorry situation.”
Port of Montreal longshoremen began an unlimited strike on Monday morning, but the Canadian government is set to step in with back-to-work legislation to avert more disruption to the supply chain.
AirBaltic will become a cargo terminal operator at the airport in Latvia’s capital.
Lufthansa Cargo is one of more technologically advanced air cargo carriers. New material-handling systems highlight the overhaul of its main warehouse.
Port of Montreal longshoremen say they will begin a full, indefinite strike starting Monday after their employers moved to change regular schedules.
