Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
Toronto Pearson airport plans to replace an office park with a cargo facility with funding from the Canadian government, which is also helping an Inuit-owned airline move more cargo.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
July volumes at the Port of Charleston and South Carolina Ports rose 12% from June and 3% year over year.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
The air cargo sector was banking on a turnaround in market conditions by this fall, but it might have to wait until late next year unless demand unexpectedly revives.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Smaller airports without big-city crowds offer many advantages to all-cargo airlines and shippers, which are taking more business to those locations.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
Container volumes in July rose sequentially by 17% but were down by 16% year over year at the Port of Savannah, the Georgia Ports Authority said Thursday.
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation.
Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.
Freighter operator Western Global got in financial trouble when the overheated air cargo market cooled off last year and nearly shut down this summer before getting a financial lifeline from creditors and filing for bankruptcy.
We are now in peak season and, as all logistics data has shown, it is not going to be stellar.
DOT and MarAd are moving on a new database aimed at preventing vessel collisions.
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
Western Global Airlines, struggling under a heavy debt load and weak market conditions, has filed for Chapter 11 bankruptcy protection in a Delaware court.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.
Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.
Western Global Airlines could be on the verge of Chapter 11 bankruptcy.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company’s U.S. air network.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.
Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.
A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
A new London-based airline called One Air has begun commercial freighter service. The odds for survival may be daunting unless it can expand beyond a single aircraft and the market improves significantly.
Los Angeles International Airport has partnered with former NBA superstar “Magic” Johnson and others on planning a wholesale redevelopment of its extensive cargo facilities.
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
Ontario International Airport has approved a large cargo development for DHL Express to support express delivery on the West Coast.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.
American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.
Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Maersk Air Cargo is growing its small U.S. footprint with a cargo facility near the Atlanta airport.
Fiscal year 2023 volumes tracked more with 2021 volumes than with 2022, which had experienced an unprecedented cargo boom, according to South Carolina Ports.
U.S. rail imports from Vancouver and Prince Rupert are imperiled again. ILWU Canada has rejected the proposed dockworkers contract.
Shipping stocks in sectors with high deliveries of new ships are doing better than those with low orderbooks.
Union pilots at UPS are ready to show solidarity with Teamsters workers if there is a strike, which would ground UPS Airlines.
“I think this acquisition sends the message to the market that we are here to add real value,” said Ship Angel founder Graham Parker.
The decline of air cargo is less severe than earlier this year, but a bearish case for a counter-seasonal, second-half dip is gaining momentum as freight forwarders undercut each other on prices to win customers.
This week in Borderlands: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth from a California border crossing.
The National Defense Authorization Act amendment is aimed at blocking China’s ability to monitor U.S. container flows.
Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.
Now that the labor strike at Canada’s ports is over, it’s time to take a look at the delays it created.
Amazon is dialing back flights for its European cargo airline. The third party operating those flights has let go nearly 30 pilots.
The extended strike in western Canada was beginning to affect U.S. supply chains. Its resolution limits the fallout.
Delta Air Lines has seen cargo revenue slide by more than a third in the past year.
Although international intermodal traffic has come to a halt at the Canadian West Coast ports since the start of the work stoppage on July 1, carload volumes for commodities such as coal and grain have grown, according to supply chain data visibility firm RailState.
Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to […]
The Cargo Airline Association has a new president for the first time in 40 years.
Rickenbacker International Airport in Columbus, Ohio, caters to cargo. It is targeting the medicine, vaccine and biologics business with a new temperature-controlled facility.
Ships continue to stack up as Canada’s port strike continues, according to new data from the ITS Logistics Port/Rail Ramp Freight Index.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
A major air cargo terminal in Hong Kong is deploying robots to monitor security and damaged shipments.
U.S. import demand is likely peaking and could soon begin a steady decline toward a “new” bottom in the back half of 2023.
U.S. imports via Canadian ports face rising fallout as the war of words escalates between dockworkers and employers.
Cargo pilots at Western Global Airlines are in the difficult position of negotiating their first collective bargaining agreement as questions mount about the company’s ability to stay in business.
New Jersey container imports are unscathed “so far” but the port’s automobile trade faces fallout from the ongoing fire.
An article published in the July issue of American Shipper in 1975 tells the stories of two steamships when they ruled the seas. The stories are full of adventure, mishaps and big wins, giving a glimpse into the life of a sailor in the late 1880s.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Amazon’s private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small […]
DHL Express cut the ribbon Thursday on the first hub ever opened in Atlanta by an air express carrier.
Two New Jersey firefighters died fighting a blaze aboard the Grimaldi car carrier Grande Costa d’Avorio at Port Newark on Wednesday night.
Western Global Airlines has hit hard times, losing Amazon as a primary customer, piling up debt and facing at least two lawsuits.
Mexico is kicking out freighter aircraft from the country’s busy international airport to address overcrowding. The move to another airport is creating headaches for airlines.
A new survey from Proxima says human rights within the supply chain are a growing concern for leaders of companies across the U.S. and the U.K. Here’s what you need to know.
More than 7,400 dockworkers in Canada remain on strike Wednesday after labor contract negotiations with their employer have stalled.
The Occupational Safety and Health Administration says non-vessel operating common carrier W8 Shipping exposed workers to deadly safety hazards at one of its auto export facilities.
More than 7,400 dockworkers have gone on strike in Canada, potentially causing disruptions at ports in Vancouver and Prince Rupert.
Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.
The Transportation Security Administration’s grace period for “impossible-to-screen” shipments is ending soon. They won’t be allowed to fly overseas unless companies adopt existing security programs.
A new report is highlighting the contributions of seafarers and how these unsung heroes of the sea help boost gross domestic product.
Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
Houston saw lower container traffic in May, while freight flows rose in New Orleans and Corpus Christi, Texas.
