AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”
DHL Aviation is turning over every stone to find economical capacity to haul packages for DHL’s express unit. The latest moves involve a travel airline flying parcels instead of passengers and a new Airbus converted freighter that few others have.
United Airlines on Friday became the second airline to pay millions of dollars in penalties for a scheme to defraud the U.S. Postal Service for international mail delivery.
Rickenbacker Airport near Columbus, Ohio, is named after World War I ace Eddie Rickenbacker. The airport is a regional hero, supporting more than 15,000 jobs, with a $2.5 billion annual economic impact.
United Airlines took down its Boeing 777-200s with the type of engine that disintegrated on takeoff from Denver last weekend. Now the impact is becoming more clear for cargo customers.
The dog days of summer may have a different meaning this year. Large numbers of explosives-sniffing dogs will be crawling over airport warehouses by July 1 to help meet a requirement for screening shipments riding on dedicated cargo planes.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
Greg Tuthill, chief commercial officer of SeaCube Containers, sizes up the market for refrigerated shipping containers during a fireside chat at FreightWaves Global Supply Chain Week.
Canadian health care logistics provider Andlauer will acquire most of pharmaceutical trucking firm Skelton Truck Lines for over $90 million – a valuation driven up by the COVID-19 vaccine rollout.
AgTC’s Peter Freidmann highlights the hurdles U.S. food exporters confront as they vie for containers to transport their goods.
Kuehne + Nagel will become the top global air and ocean freight management company when it completes its purchase of Hong Kong’s Apex Logistics International.
Kuehne + Nagel is on a mission to get bigger in Asia. Two deals this week in China are helping to make that possible.
“There’s tremendous opportunity for Florida-bound cargo,” says JAXPORT CEO Eric Green during his State of the Port address Tuesday.
Container shipping line CMA CGM wants to be an airline too. Its new air cargo unit has identified Chicago as its first destination and is giving preferential space on its aircraft to subsidiary CEVA Logistics.
United Airlines’ cargo division has been riding high the past year. But it could lose some resources as the company realigns the fleet to make up for the suspension of two dozen 777-200s after an engine blowout.
Passenger airlines have treated cargo as an afterthought. The pandemic is making them realize the benefit of a diversified revenue stream.
The Maersk Eindhoven, which lost 260 containers overboard, is slated to berth for repairs in Japan on Thursday.
One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
Global K9 Protection Group is a big provider of bomb-sniffing dogs. Many of them are dedicated to air cargo security. Now the company is using dogs to detect COVID-19 on people at Miami Heat games.
Emir Pineda, the Miami-Dade Aviation Department’s manager for aviation and trade logistics, explains why Miami International Airport reached a record cargo level last year and how it is a key distribution point for COVID vaccines.
2002: “It’s a myth that we are out of land,” said Jim Larson of the NY/NJ Port Authority, discussing the airport’s cargo possibilities.
Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong’s Apex International.
Brussels Airport may be the busiest airport when it comes to moving coronavirus vaccines by air.
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
More than 2,900 containers have gone overboard just since the end of November.
Air crews don’t like flying to Hong Kong these days because COVID testing there is invasive and they could end up in mass quarantine facilities. UPS pilots are testing a new rapid antigen test that could alert them in time to stay out of Hong Kong.
Mud dauber wasps in Australia are setting up home inside pieces of sensitive aircraft equipment. It’s more than a nuisance. It could be dangerous.
“We have really a perfect storm of demand that’s surging like there’s no tomorrow, everybody needing to get the boxes back, COVID-related restrictions,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.
Six cases of at-sea container losses have been reported in less than three months.
“If we do nothing, we will still have vessels at anchor come midsummer,” says Port of LA Executive Director Gene Seroka.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
The Federal Maritime Commission is stepping up oversight of charges imposed on trucking companies and U.S. exporters by containership companies.
You’ve probably flown in a Boeing 737-800, a next-generation variant of this popular 737, but when they are put to pasture they become valuable assets for all-cargo airlines. ASL Airlines in Europe is snapping some up and converting them to freighters.
The U.S. has indicted a computer hacker working for Pyongyang to help North Korea evade U.S. maritime sanctions.
The United States and Canada should do more talking and less unilateral banning and canceling.
It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
Amazon is an e-commerce rocket ship. Making those deliveries possible is Amazon Air, which is growing so fast it could make it possible for more people to receive orders within a day.
Preeti Pande, the hydrogen solution provider’s chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.
More venture capital flowing to maritime tech startups – and more shipping companies giving those startups a trial run.
The U.N. and World Health Organization are working hard to make sure less-developed countries get their fair share as more vaccine supplies become available. Transportation and logistics is a big part of their organizing effort.
2005: Airbus is ready to break Boeing’s 30-year monopoly on making large passenger aircraft.
The logistics of getting flowers from warm growing climates to people’s doorsteps is complex. Airlines play a big role.
Ocean carriers as airlines? No one thought an online retailer would own a private airline until Amazon did it. The ocean carrier also owns a logistics company. You connect the dots.
Kritikos launched Ceres Terminals in 1958 and sold the company to NYK in 2002.
Lending a hand includes everything from improving the environment to funding community initiatives to rescuing a skier mauled by a bear.
A coalition of Port of Oakland tenants continues to fight after losing its latest legal battle to slow the process of building a new baseball park at Howard Terminal.
S.F. Express is growing its domestic Chinese parcel business at a dizzying rate. The acquisition of a large Hong Kong logistics company helps it expand overseas.
Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
JAXPORT says strong demand for vehicles and consumer goods contributed to a solid first fiscal quarter.
Thanks to COVID, there are no seasonal highs and lows for international shipping. There is so much demand for goods that the peak season never seems to end — and ports, railroads, truckers and warehouses are reaching the breaking point.
Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.
Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
Inland Port Greer records its best January and ocean-carried container moves increase year-over-year.
Maritime operators make the case for being included in the next COVID-19 relief bill.
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
All Nippon Airways is consolidating freighter operations at one of its Tokyo airports, and only relying on passenger planes to deliver cargo to Okinawa to save money after losing a lot of money in the first three quarters of its fiscal year.
The Port of Long Beach may need to start filling out its record book in pencil as new numbers keep replacing those on top.
“ZEBOX will assist innovative startups in developing new technologies in transportation, logistics, mobilities and industry 4.0,” says CMA CGM CEO Rodolphe Saadé.
Aerospace engineering firms are busy converting passenger planes to pure freighters.
Long grind ahead for crude tankers: Executives and analysts don’t see recovery until second half — if not later.
We haven’t heard many airlines recently culling their cabins of seats, but Kenya Airways is now the first to do so with a Boeing 787.
Pharmaceutical companies often get nervous that carelessness by a transportation provider will spoil a shipment of COVID vaccines or other medicines. Airfreight experts say data sharing and teamwork can eliminate most glitches.
The discharging of damaged containers continues nearly two months after the storm-battered ONE Apus arrived in Japan.
Port of Long Beach Executive Director Mario Cordero delivers a melodious annual report.
California calls on feds to protect exporters. Shipping groups claim California export cure will worsen congestion — including for importers.
Uncertain vaccine rollouts and mutant COVID-19 strains are messing up airline industry hopes for a second-half recovery this year. At best, traffic will be half that of 2019. But, at least, airlines can count on cargo shipments.
During a panel discussion, Home Depot and others talk about how to grow freight rail.
A maritime coalition wants Congress to fund a new maritime relief program as part of the next COVID-19 relief bill.
Ocean Network Express takes giant profitability leap — from $5 million to $944 million year-over-year.
Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering packages to Hong Kong this year.
Pete Buttigieg wants to push through an infrastructure package that links highway funding to electric vehicles and climate policy.
With the focus on technology, service and operations, Team Worldwide has appointed Randy Sinker as president of the company.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
“Demand in the intermodal and trucking sectors is at an all-time high, which makes this an ideal time to optimize FYX’s many assets and take it to the next level,” says new CEO Kenneth Forster.
Less well known is that the federal face masks rule for traveling on a commercial conveyance within or in and out of the U.S. also applies to anyone doing work on airport or seaport property.
Cargojet is riding the e-commerce wave and to grow business even more it sold shares so it can buy more big cargo planes.
Though maritime shipments of LNG are routine today, it was only 62 years ago that the first shipment of LNG occurred.
Capacity can be a fleeting thing, especially in the middle of a pandemic. Airlines are shrinking their flight schedules and it’s hurting cargo shippers who depend on the lower-deck space to move goods.
Airspace moves goods fast, with a mix of technology, air transport, ground couriers and people who literally carry a critical product on a flight and to one’s door. Investors just gave the company a big pile of money to play with.
FMC commissioners appeal to President Joe Biden to immediately vaccinate the maritime workforce.
Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting operations at Cathay Pacific and FedEx, where pilots are also griping about the lack of good air conditioning when overnighting in China.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
China’s latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
Alaska Airlines’ parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.
Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in the near term.
U.S. ports have seen “month-over-month strength across multiple business segments.”
Gina Raimondo will be the anti-Wilbur Ross as secretary of commerce, with less focus on protectionism.
The Georgia Ports Authority is adding capacity in anticipation of another busy year.
In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.
If you can’t rent an entire cargo plane for yourself, you might have trouble finding space on an aircraft to make an international shipment.
There’s a steep learning curve for importers and exporters now that the U.K. is no longer part of the European Union. Botched customs forms are leading to freight backlogs.
Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
FreightWaves identifies importers who use the Asia-West Coast service.
BBAM Aircraft Leasing & Management plans to add up to a dozen Boeing 737-800 converted freighters to its portfolio in response to high demand for regional cargo jets that can […]
United Airlines is outperforming the competition on cargo and officials say they have a good strategy for returning to profitability.
Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
