American Shipper

The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.

The freighter conversion business is slowing down, but there remains residual momentum from carriers such as IndiGo.

Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.

Air Canada said it is taking a slower approach to adding cargo jets because there isn’t enough demand now to justify the investment.

Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.

Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.

A former senior executive at Polar Air Cargo pleaded guilty to corporate corruption and agreed to pay restitution of $9.3 million in addition to serving a potential jail sentence.

This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.

Israel won’t be able to produce as many goods for its economy because of the war it is waging. Some logistics providers are increasing their capability to deliver imports to the country by air and ocean.

Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.

“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.

The semiconductor industry is a new vertical that logistics provider Kuehne+Nagel has identified as a growth area. Toward that end, it is using two large freighters it controls to transport shipments from Taiwan to Europe.

Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.

The first Airbus A321 converted freighter has been cleared by authorities to begin commercial service in China.

“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.

American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.

Mega-forwarder Kuehne+Nagel is working with one of its top air logistics vendors to make airport cargo transfers faster.

Shippers aren’t paying freight forwarders because their cargo was delayed. Now those forwarders want Qantas Airways to eliminate their handling charges because of a self-inflicted operational breakdown.

United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.

Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.

Global Crossing Airlines is using its small regional jets to airlift aid to Israel. Other U.S. carriers are more cautious and have canceled flights to Israel until further notice.

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

The air cargo market has pulled out of its 1.5-year dive, but analysts say don’t be deceived by the slight seasonal improvement. Real growth is many months away.

Flexport has elevated a new management team after getting rid of CEO Dave Clark last month.

Logistics provider Flexport is moving ahead with a second round of layoffs this year.

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.

Delta Air Lines cargo revenue fell by more than a third in the third quarter, reflecting weak market conditions.

Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?

Executives for shuttered logistics operator Tiger Cool Express have restarted an intermodal project in Washington state.

UPS has stopped flying to Israel while competitors DHL and FedEx have maintained air service to the country, which is at war.

“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.

The traffic jam of freight at Qantas Airways facilities in Australia is slowly abating as the airline makes efforts to remediate problems caused by a new cargo system.

Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.

FedEx and UPS have paused flights to Israel, while DHL continues to operate to the capital city of Tel Aviv.

U.S. freighter lessor ATSG makes its first sale in Bangladesh.

On Friday, Unite the Union announced it registered a dispute over the increased medical standards on maritime pilots in the U.K.

International freight forwarder Flexport is undertaking a second round of mass layoffs this year.

Qantas Freight is still scrambling to recover from an IT meltdown that has gummed up its air cargo network.

Amazon has added the first of 10 Airbus A330 freighters to its fleet.

Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization.

A FedEx cargo airplane made a hard landing in Chattanooga, Tennessee, after a landing gear failure.

Qantas’ freight division had trouble smoothly deploying a new cargo reservation system and shippers are livid about lengthy delays moving their goods.

Azerbaijan cargo airline Silk Way West took delivery of its first Boeing 777 freighter.

Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.

Amazon Air is downsizing operations at Leipzig/Halle International Airport.

Tim Strauss has transformed Amerijet into a competitive, midtier cargo airline, but it hasn’t been easy. On Tuesday, Strauss resigned.

Investment firm Oaktree Capital Management has acquired Consolidated Chassis Management as the intermodal equipment provider becomes the sole manager of a new pool.

The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago.

August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.

Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection.

Air Transport Services Group has not been forced by primary customers Amazon and DHL to significantly trim flight activity, as originally expected.

A flood of tanks, military vehicles and weapons systems is flowing from the U.S. to Europe. Shipowner ARC plays a pivotal transport role.

Seacor Holdings has sold its U.S. harbor towing operations to firms in Louisiana and Texas.

The Federal Aviation Administration and Customs and Border Protection are two key agencies involved in goods movement that will be short-handed if the government shuts down nonessential services.

Cargo volumes were a mixed bag for Gulf Coast ports in August, with Corpus Christi and New Orleans reporting gains, while Houston saw a 20% decline in container shipments.

WestJet Cargo and Lufthansa Cargo are connecting new cities to their narrowbody freighter networks.

The Georgia Ports Authority reported a dip in August volumes at the Port of Savannah. But volume increases for rail traffic and roll-on/roll-off cargo were bright sports for GPA last month.

Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.

Another top-level cargo executive for a Middle Eastern airline has found a new job. Atlas Air, which leases and flies cargo and passenger aircraft for airlines, logistics companies, sports teams […]

DHL is moving its A300 fleet from Asia because the region doesn’t have sufficient aerospace support services for the aircraft.

Air Canada is backing out of a deal to buy two large 777 freighters from Boeing.

Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.

The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.

Air Belgium says it never recovered from lost business during the COVID pandemic, in contrast to most passenger carriers. It says it can’t make money selling tickets to consumers and will focus on doing business with other airlines.

All Nippon Airways will soon function in one place at Narita Airport instead of at decentralized cargo warehouses.

DSV is a logistics company, not an airline, but it is strategically adding freighters it controls through long-term leases based on demand in certain lanes.

The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic.

BNSF is a multibillion dollar freight railroad. Northern Pacific Airways is a tiny airline that has been in business for less than three months. BNSF says the airline is infringing on a trademark it owns.

Hawaiian Airlines hopes to parlay its advantage operating A330 jets into a larger air transport partnership with Amazon.

Shipowner Grimaldi says a Jeep Wrangler used to push non-operating automobiles onto the vessel sparked the deadly fire.

The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.

Too many freighter aircraft, especially single-aisle passenger conversions, are entering the market and lowering lease rates. But production continues to hum because cargo operators need more aircraft over the long term to support e-commerce growth and replenish aging fleets.

The Panama Canal Authority on Tuesday suspended bookings for super vessels through Sept. 30 in its latest measure to remove a backlog waiting to traverse the canal.

Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.

Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.

Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.

Kent Britton was named as CEO of the Port of Corpus Christi on Wednesday after the previous chief executive abruptly resigned in May.

Along with a six-year port agreement, President Biden is underscoring the role of UPS Teamsters and ocean shipping reform in boosting the U.S. economy.

This was supposed to be a banner year for crude tankers, but output cuts and the Russian price cap are keeping rates under pressure.

A DHL airline has begun providing regular connectivity to Argentina within the DHL parcel network.

SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)

Have shipping stocks been a good bet? Here’s a look at their performance year to date and versus pre-COVID.

The Department of Labor is investigating Western Global Airlines’ founder for allegedly enriching himself at the expense of employees who bought equity in the company.

UPS Inc. is offering pilots an early retirement package to reduce payroll amid declining package volumes. The integrated parcel and logistics giant confirmed Thursday it wants to trim senior pilots […]

Based on current port data compiled by American Shipper, the East Coast and Gulf ports are strongly favored over West Coast ports.

The U.S. is pressing Mexico to review a complaint by pilots at Mas that they were harassed over associations with a labor union.

Avianca is investing in capacity and quality control because it sees growth opportunities in the Latin American air cargo market.

Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.

Lufthansa Cargo no longer has to truck shipments back and forth to Detroit Metro Airport from an outside warehouse after opening a facility next to the airfield.

Nearly 5,000 civilian pilots may be providing false information — or excluding it — during their medical examinations in order to continue flying, according to the FAA.

With the Panama Canal drought expected to continue, now might be the time for shippers to seek alternatives.

Asia-U.S. spot shipping rates have pulled back after a strong run-up, implying peak season may have passed its peak.

The Florida Legislature is providing $30 million for two new ship-to-shore cranes that Jaxport says will let more cargo move efficiently through the Port of Jacksonville.

Florida’s ports and Eastern freight railroads are preparing for Tropical Storm Idalia’s arrival.

Supply chain disruptions could develop if the drought in Panama continues.

An anticipated decrease in grain exports and increase in domestic biofuels production could change U.S. freight railroads’ capacity needs in the coming years.

Houston and New Orleans reported increased monthly cargo during July, while Corpus Christi posted a rise in crude oil exports.

Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.

Boeing has found an aviation services company in Jordan to carry out cargo conversions of used 737-800 jets.

The FedEx and UPS fleets are flying less, but Amazon’s flight activity is up as the shifting parcel market impacts each company differently.