Lufthansa digitizing spot cargo services
Cargo.one will provide a digital sales channel for air freight forwarders seeking to confirm spot market rates and bookings.
Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
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Cargo.one will provide a digital sales channel for air freight forwarders seeking to confirm spot market rates and bookings.
Ports says volume could be a sign of strong peak season or shippers may be getting jump on tariffs.
The market outlook is improving, although earnings are not rising at the same pace as rates and demolitions are outstripping newbuilds.
Seasonal market reductions blamed for service suspension.
The freight-matching solutions provider will use the new funding to accelerate product development and implementation.
The fast-growing Turkish port operator seeks to handle multipurpose terminals in southern Italy port.
Danish company aims to better serve customers moving goods through West African ports.
Threatened strike averted with agreement hammered out before Aug. 1 deadline.
World’s third-largest container shipping company obtained all regulatory approvals to become a 24.99 percent shareholder in the asset-light third-party logistics provider.
Briefings by Drewry and Port of Long Beach say effect this year may be mild but become a bigger issue if tariffs become more widespread.
The denial order currently prohibiting U.S. firms from exporting to the Chinese telecom giant again will be suspended once money is in escrow.
Cinven will acquire supplier of temperature containers used to move pharmaceuticals by air.
Swart tapped as president; Hunt named COO; and Tuthill hired as CCO.
Version 18.2 delivers full multimodal support, compliance enhancements for multiple countries and extended mobile capabilities.
IICL claims South Carolina and Georgia port authorities’ chassis pool would reduce competition.
Food company uses ingredients from its early days to mold ROAR Logistics unit.
Quayside volumes last week totaled 66,000 TEUs and productivity was 80 percent of pre-go-live levels of its new terminal operating system.
Purchase of 100 percent of outstanding stock garners about $83 million in cash.
Dredging of the commercial channels serving Norfolk Harbor to 55 feet targeted for completion in 2024.
The German airline’s cargo operation expects delivery of the Boeing planes in February and March.
The South Korean airline has initiated thrice-weekly all-cargo flights from Incheon to India using a Boeing 777 freighter.
Industry veterans get COO, EVP roles.
ILA and employers have a tentative contract in the Port of New York and New Jersey and finalize new agreement in Halifax.
International Longshoremen’s Association and employer group said Tuesday they have agreement on a six-year contract covering local issues in the Port of New York and New Jersey.
CEO says there are no current talks with CMA CGM; major shareholder Kühne does not want company to be taken over by French carrier.
Circulated findings said United States violated several countervailing duty rules in levying CV duties on supercalendered paper from Canada.
California-based Ceka Nutrition didn’t declare merchandise from China and circumvented antidumping fees.
Drewry says carriers will experience “a lot more pain” this year.
“Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation.
The branch has been managing the Alabama & Tennessee River and Fulton County tracks for several years.
The e-manifest process is expected to save state and industry users about $90 million a year.
China’s import duty rate on U.S. beef increased from 12 percent to 37 percent this past Friday.
Ports Authority embarks on the largest capex project in its history.
Filing companies located in California, Florida, New Jersey and Texas.
Individuals knowing of a reason why an applicant should not receive a license should contact the FMC’s Office of Transportation Intermediaries.
FMC reviews seven OTI license applications
In fiscal 2017, Immigration and Customs Enforcement and U.S. Customs and Border Protection made over 32,000 seizures involving counterfeit goods totaling an estimated value of more than $1.2 billion.
The United States’ deficit in goods and services trade narrowed for the third straight month in May, falling to its lowest level in 18 months.
Ocean carriers transported just under 14.5 million TEUs for the month, a 1.3 percent increase from the same 2017 period.
Carriers are aggressively slashing services, despite the approaching peak season.
French carrier follows withdrawals by Maersk, MSC.
Florida congressman’s proposed legislation designed to boost understanding of the consumer protection services available.
Companies announce employees’ promotions.
Homeland Security and Treasury give their approval.
The investigation covers products of sodium gluconate, gluconic acid and derivatives between April 1 and Sept. 30, 2017.
Divestiture to “suitable, unrelated third party” part of OOCL acquisition plan.
Cosco selling shares in parent company of OOCL in order to keep listing on Hong Kong Stock Exchange.
The Shanghai Containerized Freight Index estimates spot rates are down 8 percent from this time last year.
Court of Appeals upholds cargo suit dismissal in case of damaged plywood shipped from Malaysia and Indonesia to New Jersey in 2013.
Both companies have promoted autonomous ships.
The U.S. Transportation Department has initiated a pilot program to allow 18- to 20-year-olds who hold the military equivalent of a commercial driver’s license to operate big rigs across state […]
The Kolkata has nearly 211 tonnes of heavy fuel oil in her tanks and is carrying nearly 200 tonnes of other oil.
The first of grounded fleet of Boeing 747s has received clearance to return to flight operations.
Firms added another 15,400 jobs in June.
Company seeks to add finished products and foreign status materials and components to the scope of authority.
Dip Shipping president and sales manager were arrested Tuesday for allegedly raising forwarding service prices charged to U.S. customers.
While the nation’s unemployment rate has been declining, truck driver turnover has been on the rise.
Taiwan carrier to charter five 11,000-TEU and five 12,000-TEU ships starting in 2020.
The Canadian government is investing C$7.5 million in transportation infrastructure at the Great Lakes port.
Global demand for air cargo grew 4.2 percent for the month following a revised 5.2 percent uptick in April.
The $494.2 million budget includes $34.7 million for capital projects.
AAR senior VP: “For now, things are looking good for the railroads and the economy despite the many threats, such as a potential trade war, that could bring change quickly.”
Board chair, directors, managers and chief wharfinger named.
The digital freight forwarder added Thailand and Malaysia as import countries to its online platform.
The Agricultural Marketing Service clarifies “that honey packers must include conspicuous and indelible labeling.”
USTR undergoing annual check for unilateral U.S. trade preference program for countries in sub-Saharan Africa.
Loops will be reduced from five to four at the end of July.
FTR Transportation Intelligence says operators are ordering new vehicles in such large volumes that production can’t keep up due to a lack of available components.
Drewry warns worst-case scenario is that nearly 1 percent of world loaded traffic could be lost.
American Automotive Policy Council warns increase in tariffs “will undermine the enormous economic contributions the U.S. auto sector makes.”
Deepening and widening of channels will allow for two-way traffic of ultra-large containerships.
British International Freight Association says only shipping lines could receive payouts for port disruptions.
Logistyx is enhancing its parcel shipping SaaS solution through the acquisition of Transparix.
Matson will deploy the 3,600-TEU Daniel K. Inouye in the Hawaii trade.
The Athens-based containership lessor saw earnings fall 18.7 percent year-over-year in the first quarter despite rising revenues.
The new refrigerated containers are cooled with 3,000 of Carrier Transicold’s PrimeLINE refrigeration units.
“The livelihoods of all these people are at risk,” says international trade adviser.
The SCFI surged 9.3 percent last week, while the WCI was relatively steady compared with the previous week.
Plan for Gulftainer to take over Port of Wilmington passes CFIUS review.
Business still will be conducted in wake of Maffei’s departure.
North Carolina Department of Transportation investing up to $118.1 million in the 330-acre site.
CMA CGM founding president’s funeral service took place in Marseilles on Friday.
FAA has proposed a $1,466,775 civil penalty for alleged violations at two airports.
Report asserts that developing the necessary infrastructure to fuel ocean vessels using natural gas would only result in “meager” reductions in greenhouse gas emissions.
“Why does it take 18 years to build a bridge?” asks Long Beach executive director.
Shippers write to FMC in support of Georgia and South Carolina port authority proposal.
“Significant” increase in operational costs drives down expectations.
It all begins with a purchase order, say American Shipper webinar panelists.
Total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 11.3 percent year-over-year in April.
American Institute for International Steel: “The administration will probably celebrate the May data, but businesses and consumers will not.”
Major stock indices from around the world are down this week as the Trump administration continues to push the envelope on tariffs and trade.
Twenty-five percent duties on products originating in China scheduled to take effect July 6.
Drivers on the Triangle Expressway stayed in constant contact through wireless vehicle-to-vehicle communication technology.
Jensen is tapped as a commissioner; air cargo carrier announces leadership team appointments.
The Oregon-based railroad transportation and equipment manufacturer posted net earnings of $36.2 million for the quarter.
In 11th-hour decision, Chinese antitrust agency allows deal that will create third-largest container carrier.
Daylight and encounter bans will be lifted at the start of October.
Acreage utilized at Ontario International nearly tripling in new 30-year lease.
The growth rate is the slowest since the first quarter of 2017.
The United Nations is exploring potential uses of blockchain technology in achieving its goals of reducing poverty, ending hunger and raising living standards across the globe.