Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
Cargolux is investing in aircraft to fight wildfires, a completely new line of business for the freighter operator.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
Air France-KLM and ocean shipping power CMA CGM, citing regulatory challenges in various nations, have agreed to discontinue their air cargo capacity-sharing agreement one year into a 10-year partnership, the […]
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
New owners have taken control of troubled Amerijet, which is scuttling several aircraft leases and laying off more workers to preserve cash.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
FedEx Express faces more headwinds in its effort to improve profitability as the U.S. Postal Service prepares to drop air routes from contracted service.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
FedEx Express wants to compensate for a surplus of pilots by lowering guaranteed pay and offering severance packages once a new labor contract is reached. Meanwhile, mechanics are agitating to unionize.
White House spokesman John Kirby said shipping risks caused by the Middle East conflict could become a “pocketbook” issue for Americans.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
2023 was a tumultuous year for airfreight. The downturn in business put pressure on the industry, but the year ended with some optimism.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Japan Airlines is restarting its freighter division after 13 years and will fly three 767s exclusively for DHL.
Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
The Winnipeg Airport Authority is ready to begin the next phase of its cargo expansion and modernization project with an investment from the Canadian government.
DHL ground support workers at the company’s Cincinnati airport hub ended their strike after an agreement on a new contract.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
Air China Cargo is adding Airbus freighters to its fleet after previously operating Boeing jets.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Striking airport workers at the DHL Express hub outside Cincinnati have picked up support from union members around the country, slowing customer shipments.
Turkish Airlines said it plans to buy five large freighters from Airbus.
Spain-based Swiftair plans to lease a couple Airbus A321 modified cargo jets next year.
After two consecutive years of negative growth, air cargo is shaping up for a rebound in 2024, according to the International Air Transport Association and industry experts.
Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.
The threat to global shipping has grown following a Tuesday attack against a commercial vessel in the Red Sea with no apparent ties to Israel.
Greg Miller of FreightWaves took a top prize at this year’s Seahorse Awards for his coverage of how geopolitics intersects with shipping.
Western Global Airlines is starting with a clean slate after completing Chapter 11 bankruptcy, but still faces difficult market conditions.
As war rages in Europe and the Middle East, a new flashpoint in South America could pose more complications for shipping.
Airbus beat out Boeing for Cathay Pacific’s order of new heavy freighters.
Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.
DHL Express workers went on strike Thursday at the Cincinnati/Northern Kentucky Airport.
Imports have held up surprisingly well this year, but peak season’s end and canal restrictions are finally curbing volumes.
Reliable Robotics successfully tested its autopilot system with no one on board the Cessna cargo plane.
DHL Express says it has procedures to ensure there are no service disruptions if unionized ramp workers at its Cincinnati air hub go on strike.
Maritime security firm Ambrey has expanded an advisory to vessels in the Red Sea and Gulf of Aden, warning that rebels could be using outdated data to plan attacks.
U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”
DHL Express announced high-level personnel changes in its global organization.
Commodity shipping has a well-deserved reputation for extreme volatility. The rise and expected fall in dry bulk is a case in point.
UPS will invest an undisclosed amount of money to build an ultra-modern air package hub at Hong Kong International Airport.
Maersk, the giant ocean shipping carrier, is testing a U.K. airport as a possible import base for its cargo airline.
Cargo airline Amerijet is operating fewer aircraft to conserve money as shipping demand from major customers shrinks.
Alaska Airlines will inherit a cargo business for Amazon as part of its acquisition of Hawaiian Airlines.
U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.
With China knocked off its pedestal of reliable, cheap products, other countries have jumped in and seized on the weakness.
As the Panama Canal scales back on reservation slots, more ships without reservations wait longer to get through.
MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength […]
The White House recently publicized Flexport for facilitating purchases of sustainable aviation fuel because of the California connection to Asia-Pacific trade and sustainability, although the program isn’t particularly novel.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
Israeli cargo reservation platform Freightos is struggling to make money in a bad freight market and now faces the extra challenge of operating in the middle of a war zone.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Air cargo demand has picked up after a long slide, but the busy season leading up to the holidays has been disappointing by historical standards.
Freight flows declined in Houston and Corpus Christi, Texas, in October, while container volumes rose at the Port of New Orleans.
Terminal operator ICTSI has not given up its quest for tens of millions in damages from the West Coast longshore union.
Despite a 22% volume decline year over year, the Port of Savannah had its fourth-busiest October, according to the Georgia Ports Authority.
The era of rapid Chinese growth and large-scale government intervention is over, says China Beige Book CEO Leland Miller.
Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft.
DHL Express has doubled the size of its Asia air hub in Hong Kong.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.
Cargo pilots at Air Transport International are frustrated by the pace of negotiations for a labor deal and ready to go on strike.
Project freight forwarder deugro has opened a container terminal in Baytown, Texas, along the Houston Ship Channel.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
CMA CGM, like many other carriers, is reporting serious revenue loss. The North America president and CEO goes into detail with American Shipper and explains why the company is investing in more physical infrastructure.
Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
Air Transport Services Group is slowing investment in converted freighters as a weak shipping market leads cargo airlines to pause fleet expansion.
Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.
Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.
UPS has bought out a small contingent of senior pilots. An American Airlines regional partner is trying to attract them to fly small jets.
The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.
FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline.
“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
Trucks are featured heavily in projects reaping $653 million worth of port infrastructure grants announced Friday by the Biden administration.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
