1974: They may be the last hurdles in the way of renewed trade between the
United States and Cuba. An embargo failed to work and indirect business
has begun.
Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.
By the start of the 1900s, about 40 U.S.-flag ships were operated by the country’s lumber titans, proving to the industry at the time that marine transport was more efficient than rail.
Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.
Auto imports, crude oil and petroleum shipments rose as ports in Houston, Corpus Christi and New Orleans recorded mixed freight volumes in November.
Air Canada is beefing up ground infrastructure as it develops a new fleet of freighters able to raise transport reliability for logistics customers.
The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
Like all previous maritime boom cycles, things are starting to turn down. That reshaping of trade is creating a misleading message on demand.
The German national railway is looking to sell off its DB Schenker logistics business if it can get a good price.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
Foreign-flagged vessels working in the U.S. offshore energy sector would face new restrictions under a proposal before Congress.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
Containerized imports to the ports of Los Angeles and Long Beach have now fallen well below pre-COVID levels.
The Port of New Orleans has received $800 million from two major trade operators toward a planned $1.8 billion container facility.
Geodis is now offering U.S.-based e-commerce companies air zone skipping service to Canada.
DHL Express is responding to demand for e-commerce with the addition of a new cargo route — this time to the Dominican Republic.
The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
Blockchain technology provider CargoX believes skeptics shouldn’t be bystanders in the creation of global shipping data standards.
7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
November saw another double-digit drop in America’s containerized imports, driven by sinking volumes from Asia.
Japan Airlines will fly freighters for Yamato Transport, which needs airlift to supplement a shrinking pool of truck drivers in Japan.
Shipping giant Maersk changes leadership as it transitions from a period of massive profits to one of challenging market conditions.
Freight management companies are not making long-term shipping commitments with airlines to avoid getting stuck with unneeded bookings.
AskWaves looks at GAO’s warning that the U.S. needs to step up capabilities and oversight in the Arctic region as emerging shipping routes gain steam.
Faster easing of China’s COVID restrictions could provide eventual support for container and dry bulk markets and a more immediate boost for tankers.
The pilot of the Ever Forward could face civil charges as a result of the vessel being stuck in Maryland’s Chesapeake Bay for more than a month.
GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
1991: The new system allows automobiles to move in regular intermodal containers instead of the multilevel railcards that now are the industry standard.
China Southern Airlines has joined the Freightos air cargo booking platform. It’s the first time an airline in China has participated in an online freight market.
Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.
GPA will shift breakbulk cargo carried by Wallenius Wilhelmsen Ocean to the Port of Brunswick so that it can “optimize cargo movement” at both the ports at Brunswick and Savannah.
The peak season for air shipping failed to materialize this year, but realistically volumes and rates are just normalizing after a crazy two-year rush.
Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.
Three laid-up Mission tankers were enlisted to help get a man on the moon.
Air Canada is once again offering horse transport thanks to the addition of freighter aircraft to its fleet.
Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”
FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
UPS said it will keep its money-back pledge on domestic and international next-day air services.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
The air cargo industry is upset about a Dutch proposal to reduce aircraft slots at Amsterdam airport because it would cut into freight traffic.
Hopes that China will relax its zero-COVID policy are fading, raising concerns about shipping volume fallout.
RwandAir is becoming a combination carrier, adding a freighter airline to its traditional passenger operation.
Shippers and carriers are increasing the pressure on ports and other supply chain participants to roll out “green corridors” using digital technology.
Lufthansa’s cargo division has expanded service to Vietnam.
Gulf Coast ports got a boost in October from imports of steel, plywood and bagged goods, as well as exports of crude oil.
1999: eBay ushers in e-commerce’s most dramatic distribution channel disruption in decades.
A weaker-than-normal shipping season is hurting Cathay Pacific Cargo’s ability to recover from the pandemic.
Southern California’s container-ship logjam ends as congestion eases at East and Gulf Coast ports.
Ocean carriers have been shielded by lucrative annual contracts with cargo shippers, but contract coverage is starting to crumble.
Canada’s WestJet plans to start flying cargo jets next year after a frustrating wait to get the planes registered.
Amazon is expected to fight a new effort by workers at its air cargo hub in Northern Kentucky to form a union.
Stratospheric LNG shipping rates offer a lesson on the do’s and don’ts of measuring earnings momentum.
Global energy trades face even more tumult ahead. “This could get crazy,” says Scorpio Tankers’ Robert Bugbee.
Mediterranean Shipping Co. is moving up plans to inaugurate its air cargo airline, offering service between North America, Europe and Asia.
United Kingdom sanctions put CargoLogicAir on verge of going out of business.
FreightWaves Classics examines storied ocean carrier U.S. Lines, which was persistent in its desire to operate a successful cargo ship named the American Shipper.
A GAO report recommends DOT better explain its grant-funding procedures so that applicants won’t overestimate how much money they must contribute to qualify for funding.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
Amazon has rented a new air cargo facility in New Hampshire and launched daily freighter service to shorten delivery times.
In 1952, a C-124 flew straight into a remote Alaskan mountaintop, killing all aboard. Here’s the story of what it’s taking to bring them home.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Egypt’s Suez Canal was built 153 years ago this week, and its storied history is so much more than last year’s drama.
Toronto Pearson airport is looking for ways to support more cargo business, starting by converting an old office park.
The head of Los Angeles’ port is on a worldwide sales blitz, trying to convince shippers and carriers to come back.
Burrell Aviation has made a speculative investment at Colorado Springs Airport aimed at attracting air cargo companies.
Airlines and logistics companies realize air cargo business will be lower this year. Talk of a 2023 upturn is more based on hope than economic signals.
Container volumes were up year over year in Savannah and Charleston, while crude oil exports set a record in Corpus Christi.
FedEx’s airline unit is taking down many flights to save money as it scrambles to counter a steep decline in shipping revenue.
Drop in imports from China in recent months comes on the heels of years of gains by exporters in the rest of Asia.
Silk Way West Airlines, a growing cargo operator based in Azerbaijan, and Alaska Airlines on Thursday signed contracts with Boeing for two freighters apiece — but that is where the similarities ended. Silk Way West said it will take two 777-8s, the largest plane available from Boeing (NYSE: BA) and one so modern it isn’t […]
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.
The Ukrainian aircraft manufacturer Antonov said it expects rebuilding the aircraft destroyed by Russian fighters to cost at least 500 million euros.
Boeing on Wednesday issued a bullish 20-year outlook for the freighter jet market.
Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.
Boeing and Airbus on Tuesday signed deals to bring more large freighter jets to the market.
An international trade group settles on Miami as the regular location for its semiannual air cargo expo.
Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.
The Port of Houston announced it will begin implementing fees for long-dwell containers beginning Dec. 1.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.
Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.
Cargojet is better protected from an economic downturn than airlines handling general air cargo because of e-commerce and deep partnerships.
Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.
Most politicians are clueless about supply chains, so it’s a shame when industry veteran Mike Erickson runs for Congress and pins inflation on ocean carriers.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
Leasing companies are going bonkers converting used aircraft for cargo. As demand for air cargo cools, there could be a glut that lowers shipping rates.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Jaxport CEO Eric Green said the $23.5 million grant “marks a milestone in our initiatives to build the port of the future and move cargo in the most efficient and eco-friendly way possible.”
The U.S. Department of Transportation is awarding the Port of Long Beach a $30.1 million grant to replace diesel yard tractors with zero-emissions cargo-handling equipment.
Tanker and diesel crisis, looming rail strike and Mississippi drought adding pressure on logistics managers.
Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
A massive eight-day backup of barge traffic at Locks and Dam 26 on the Mississippi River in 1976 resulted in shipping losses estimated as high as $500,000 a day.
Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.
Ocean carrier contracts and carriers’ ability to make a profit are put to the test in a proposed rule, according to reaction from shippers and carriers.
