Cargo congestion has gone from bad to worse at Chicago O’Hare International Airport, forcing importers to wait several days to retrieve shipments and prompting two large logistics companies to migrate […]
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Cargo has been the airline industry’s all-star performer since the pandemic began. Profits are soaring, but it’s not enough to overcome huge losses from the travel side.
Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
“We have invested in the right infrastructure at the right time to handle growing cargo volumes and bigger ships,” says South Carolina Ports’ Jim Newsome.
The container ship now is expected to anchor in San Pedro Bay on May 1.
United performed worse in the first quarter than some analysts expected, but the consumer mood has shifted as the economy reopens and United says it can get to breakeven this year on a pretax basis.
U.S. maritime regulators are giving ocean carriers and shippers more flexibility to meet contract filing requirements.
Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.
Eight missing crew members of a Seacor Marine lift boat are presumed dead.
Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.
1992: U.S. Customs is contracting with a Massachusetts-based company to design and construct an X-ray unit that can examine the cargo inside a standard container in about three minutes.
Silkways West Airlines is a large cargo operator out of Azerbaijan. It recently began flying to Columbus, Ohio.
Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.
The Teamsters call it a strike, but it is more of a protest. Still, it did garner support from another union on Wednesday.
U.S. ports just booked their largest import hikes in memory, according to The McCown Report.
One more quarter taking its pandemic lumps and then Delta says it will steer out of the COVID vortex and start making more money than it loses.
As longshoremen begin partial strike, here are seven key questions about the Port of Montreal, the labor dispute and what might happen.
Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?
Trade and supply chain disruptions are inevitable, so it’s important to take steps to protect yourself.
The Big Twin is the nickname for the Boeing 777 passenger-to-freighter conversion aircraft. It’s big, has two engines and is getting ready for metal cutting.
A giant Russian cargo jet was utilized to bring a special piece of machinery for bottling vaccines from Germany to a new manufacturing plant in the U.S. The equipment could help with the global effort to distribute COVID vaccines.
More than a third of the crew on the MSC Gayane smuggled cocaine in June 2019. The first prison term has just been handed down.
The Biden administration is prioritizing climate and racial inequity in $1 billion worth of RAISE grants for infrastructure.
Air Canada is finally getting a lifeline from the Canadian government, potentially worth up to CA$5.9 billion.
Port of Montreal longshoremen will begin a partial strike after employers moved to stop providing guaranteed minimum pay as labor dispute hits the skids, again.
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
Fuel was a nonfactor for airlines and cargo customers during the early months of COVID. Not anymore.
2006: Istanbul-based freight forwarder Advance International has made use of international agency plans to re-establish reliable landbridge routes between the two continents.
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers’ hopes for a rate pullback are fading.
DHL Express has added two large freighters to its fleet to bolster service between the Asia-Pacific and the U.S. and Europe, in response to “exponential” growth in shipment volume. The […]
Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
If you ordered a fire pit or a rowing machine online, there’s a good chance it’s coming through the Port of Long Beach. The port is moving record amounts of containers and shipments are experiencing delays.
Air cargo carriers can barely keep up with demand. International passenger airlines are desperate for more traffic. But the two segments are inextricably linked, for better or worse.
Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).
Gloom and doom could soon turn to sunny skies for U.S. airlines. It’s another story for international carriers, but everyone is managing heavy debt loads from COVID. Carriers will be more selective about what routes they fly in the future.
“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.
Pilots at Western Global Airlines are unionizing.
Pearl service customers’ imports likely will be delayed arriving from Asia.
“Our all-time container record reinforces that we are adding more capacity to the Port of Charleston at the right time,” says South Carolina Ports CEO Jim Newsome.
Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.
The air cargo industry quickly pulled together to deliver critical COVID vaccines and PPE last year. The same type of teamwork can be applied to other social needs, such as the environment and diversity, air cargo leaders say.
“Imagine a port where a ship slows down on approach to reduce emissions, plugs into the electrical grid at berth instead of burning fuel to run vital systems and is worked by zero-emissions cranes, yard vehicles and trucks. That’s our reality in Long Beach.”
1981: Plans to use offshore vessels for the generation of electricity by use of ocean water temperature differences could develop into a “good market” for the nation’s shipyards, according to an industry spokesman.
The A380 has mostly been a bust as a giant passenger plane. Now Airbus is trying to salvage some value by offering to convert passenger planes into full-time cargo planes. But there’s a twist. Passengers will still ride along on the top deck. Will airlines buy in?
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”
This is an excerpt from Monday’s (3/29) Point of Sale retail supply chain newsletter sponsored by ArcBest. Yee-HAW, people. The third round of fiscal stimulus is causing an immediate and significant boost to […]
Daniel Maffei becomes chairman at a time of massive disruption in the world of trade.
Amazon Air has hired Canadian all-cargo carrier Cargojet to provide crews, maintenance and insurance for two aircraft it plans to use to move e-commerce parcels.
‘Bigger is better’ is the mantra of public tanker companies. The just-announced INSW-Diamond S merger is a step in that direction.
A ransomware gang is threatening to leak 2 terabytes of files stolen from shipping firm ECU Worldwide in the aftermath of a cyberattack as the owner vows to “take any steps necessary, legal and otherwise,” to protect customer data.
ASL Airlines United Kingdom on Monday flew its first cargo flight with an ATR 72-200 turboprop freighter. It is the first carrier to receive an air operator certificate from the […]
Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.
The Georgia Ports Authority has approved projects to increase the annual container capacity at the Port of Savannah to over 6 million TEUs from the existing 4.7 million TEUs.
You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were flying full even before the Ever Given got stuck, so finding space will be very difficult.
The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.
Canadian police and border officers seized nearly $8 million in opium found in two shipping containers at the Port of Vancouver and then swapped the drugs with a dummy shipment to let the dragnet continue.
Suez Canal accident aftermath: Extensive disruptions are ahead for key Asia-East Coast container shipping services.
U.S. ports are positioned to win big off Biden administration’s offshore wind energy initiative
Ghost flights — passenger aircraft with no passengers, only cargo — were never a thing before the coronavirus pandemic. In the past year, airlines have operated thousands of passenger aircraft as mini-freighters. Who are the industry leaders?
‘We pulled it off!’ says salvage company Boskalis after freeing the container ship.
Digging and pulling haven’t freed the giant Ever Given vessel that has stopped traffic in the Suez Canal. The next step might be to lighten the vessel by removing cargo.
The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers — and winners.
Welcome aboard, freight customers. You’re now flying CMA CGM to the U.S. East Coast instead of taking a container ship.
Trade is bottled up around the world and part of the problem is the difficulty in getting seafarers and pilots back and forth across borders.
Additional dredgers have been brought in to help dig out the 20,000-TEU Evergreen Marine container ship.
The U.S. secretary of transportation testifies before Congress on the Biden administration’s infrastructure priorities.
Air Transport Services Group is riding the e-commerce wave. It’s expanding its fleet to meet demand from Amazon and other customers.
The Maersk Eureka is 650 miles off the coast of Alaska awaiting repairs
Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
Digital transactions are necessary as air cargo volumes grow, but setting up those IT links can be tedious. The International Air Transport Association has a new tool to make that process much easier.
Fewer options means less competition and less incentive to control costs.
Vessels are backed up on both ends of the Suez Canal as tugs work to free the ultra large container ship Ever Given.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
The Port of LA will use tax funds for repairs needed to address its booming business.
USA Jet Airlines, a small cargo operator, is converting old MD-88s into freighters. Airlines gave up on this plane, so why is anyone investing to reuse these aircraft?
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
One of the Kalitta cargo companies is trying to stop a small Mexican airline from providing cross-border service between Mexico and the U.S., a market that it serves too. It doesn’t want free trade in transport services because it might cut into its business.
1997: “Comparing our project to the Panama Canal is to confuse an apple with an orange,” New York lawyer Don M. Bosco said. “Our competition won’t be the canal. Instead, we intend to take significant business from the 3,000-mile U.S. landbridge system.”
Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
Hong Kong has ratcheted up quarantine requirements on inbound pilots, escalating tensions with the U.S. and impacting the operations of express carriers UPS and FedEx.
Another strike at the Port of Montreal increasingly likely after longshoremen reject contract as seven-month truce expires. Railroads and trucking companies, meanwhile, brace for scramble to Halifax.
Sun Country normally flies to sunny destinations. But with Amazon as its cargo customer, it’s heading to Fairbanks, Alaska.
“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.
There’s no time for deliberation these days if you want to get high-value cargo shipped by air. It’s a strong seller’s market in the air cargo world. If you see it, book it and don’t worry about the price.
Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks industry is asking the Biden administration to provide a fix, but what can it do?
There is a direct correlation between stimulus checks and the surge in e-commerce spending, according to SEKO US.
Deutsche Bank’s Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
“Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers,” says Gene Seroka.
Chicago Rockford and Cologne Bonn airports operate under the shadow of Chicago O’Hare and Frankfurt airports. But they are rising stars in the cargo arena and have decided to pool their resources.
As part of Women’s History Month, FreightWaves spotlights the first American woman to make it to the top at sea.
Tanker and bulker spot rates can go sub zero — some tanker rates are there now. What do the negative numbers really mean?
Edmonton International Airport is investing in more cargo capacity to support e-commerce and other industries that increasingly are seeking air transport.
