Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Israel Aerospace Industries has added a second overseas facility to carry out passenger-to-freighter conversions of the Boeing 777-300.
The FedEx pilots’ union is asking members to vote on a strike authorization for possible later use.
Artificial intelligence, not magic, allows Merlin to operate small aircraft without a human pilot.
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Four former executives at Polar Air Cargo were indicted on charges of defrauding the company through an elaborate kickback scheme.
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
ASL Aviation has several airlines that support express delivery companies and e-commerce retailers. It plans to serve them with drone delivery too.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Several airlines are in the process of obtaining 737-800 cargo-modified aircraft. The magic number is two.
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
American shipping magnate believed in efficiency and economies of scale in operating the world’s largest ships.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Ireland-based cargo group ASL Aviation is expanding to Australia with the acquisition of a FedEx contract carrier.
Lufthansa Cargo is building up a fleet of regional cargo jets to support express carriers in Europe and North Africa.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Birmingham airport in Alabama welcomed the first regularly scheduled 747 freighter organized by logistics provider Kuehne+Nagel.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Air France-KLM and French all-cargo carrier CMA CGM Air Cargo are combining forces to attract customers and better utilize their assets.
A plan to convert the Howard Terminal at the Port of Oakland to a baseball stadium has moved forward, but the project’s fate is far from certain.
AskWaves checks in on AAPA’s port industry panel for its take on ocean shipping’s short-term prospects.
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
Freighter operator Amerijet is moving back-office functions from Miami to Trinidad and Tobago.
Lufthansa promoted its top marketing executive to head the cargo subsidiary one week after moving the CEO to another group airline.
Yellow Corp. calls out Teamsters union officials for negotiating in bad faith and says it has the votes to push through its proposed operational changes.
The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
Members of Congress discussed container carriers’ antitrust exemption, along with how to implement the Ocean Shipping Reform Act, on Tuesday.
Delta Air Lines is putting more resources into temperature-controlled cargo services because they pay off.
A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
The health of the consumer is the engine that drives trade and profits. To gain insight into this, you need to look at the logistics pipeline.
Milwaukee airport wants to redevelop a former Air Force reserve base into an air cargo hub. Officials believe they can capture some shipments from Chicago O’Hare airport.
FedEx will exit a maintenance facility at LAX and send the work to its Indianapolis hub to increase efficiency.
Container shipping just experienced a record boom. Some believe crude and product tankers are poised to follow suit.
After two years at the helm of Lufthansa Cargo, Dorothea von Boxberg has been tapped to head Brussels Airlines.
Contract talks for pilots at Amazon contractor Air Transport International have moved to the mediation stage at the federal level.
Ports in Houston and New Orleans reported strong cargo container flows during February, boosted by exports of plastics and chemicals.
On Wednesday, Ver.di, the union representing tugboat and bridge operators among other critical public service jobs at the Port of Hamburg in Germany, announced a strike.
Shipowners say they won’t order expensive new dual-fuel tankers without charters. They’re not getting charters, so they’re not ordering.
WestJet can’t seem to catch a break getting its new cargo airline off the ground. It had to postpone the fleet launch another month, and the conversion facility is taking longer than expected to complete the final aircraft.
Fees to register a business or file complaints at the Federal Maritime Commission will be significantly higher in 2023 to account for higher agency costs.
Although February volumes at SC Ports were down 13% year over year, they still represented the second-highest total for the month in port history.
DSV is rapidly building up its logistics infrastructure in Arizona, an emerging market for semiconductors and electric vehicles.
Cathay Pacific has been tied down by COVID health restrictions much longer than most airlines. The cargo network is getting a big boost as long-haul passenger aircraft rejoin the fleet.
Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
Federal regulators have codified provisions of the Ocean Shipping Reform Act that may extract more compensation from ocean carriers for rule violations.
U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
A multitude of mixed economic signals make it difficult to predict a recovery in air cargo business this year. Even if global trade picks up, the lion’s share of shipments will go by ocean.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Boeing is meeting customer demand by adding a facility to carry out passenger-to-cargo conversions in India. Some wonder whether the market will soon be oversaturated.
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
More than 130,000 civil and public servants who are part of the Public and Commercial Services Union will walk out in what it is calling the largest strike in civil service in decades.
The Georgia Ports Authority reported its second-busiest February ever.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
Latam Airlines’ cargo division is diversifying routes for flower exporters with a new destination in Los Angeles.
Flight hours are a proxy for air cargo demand and the amount of time all-cargo aircraft are flying is falling.
Boeing has paused delivery of the 767 freighter until it corrects a fuel tank issue.
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Shipping line NYK says operating Nippon Cargo Airlines is too expensive and plans to sell it to another Japanese carrier.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Amazon Air is growing and refining its air cargo network, but at a more gradual pace because of the slowdown in online shopping.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
“Our goal is to get empty containers out of the hands of those who do not need them and into the hands of those who do, and so far it’s working,” said Qualle founder and CEO Tyler Sellers.
After rushing to add capacity, Maersk’s in-house cargo airline is hitting the pause button on new routes because of sharply lower shipping demand.
Without Lufthansa Cargo’s strong results last year, the Lufthansa Group of airlines would have lost money.
Global logistics provider Kuehne+Nagel wants to avoid bottlenecks at big cargo airports by sending freighters to Birmingham, Alabama.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
Sichuan Airlines is taking the unusual step of carrying out cargo conversions of Airbus A321 aircraft on its own.
The Port of Virginia says it’s nearly done with its channel deepening project, which will enable the port to allow for two-way traffic of ultra-large container vessels.
Despite lower demand for transportation, repealing the ocean carriers’ antitrust immunity is still in play on Capitol Hill.
Freighter operator Amerijet is rationalizing its business by terminating a south Florida air and ocean logistics business it owns.
Agility is losing lucrative contracts to manage logistics parks in Kuwait after the government decided not to renew its agreement with the company.
Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
Qantas wants to capitalize on Australia’s e-commerce boom by increasing the number of freighters used to quickly haul packages around the country.
Cargo flow remained constant at ports in Houston and Corpus Christi, Texas, but slowed slightly in New Orleans.
Atlas Air took a profit cut in the fourth quarter, but comparisons with 2021 weren’t good because it was a record year financially.
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
Express carrier SF Airlines is gaining in-house capability to upgrade airframes through a joint venture in China with ST Engineering.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
An Airbus affiliate that converts used passenger planes into cargo haulers plans to outsource some work to a new partner in China.
Almost eight months without a union contract, container terminals and their workers are making customers nervous and risk losing business permanently, Global Supply Chain Week panelists warn.
“The digitalization of trade documentation is in full swing worldwide, and companies need all the support and advice they can get to implement the optimum solutions into their everyday workflows,” said CargoX CEO Stefan Kukman.
