OOCL Q3 revenue climbs 16.3%
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
Maritime sector is encouraged to weigh in during a 30-day comment period that begins Monday.
More recovery signals: container lease pricing up over 50% versus second quarter, new container prices up 40% year-to-date.
The iPhone 12 has arrived and UPS and FedEx are two of Apple’s shipping providers.
The challenges of delivering a coronavirus vaccine to 8 billion people are immense, but over time more logistics companies will be able to participate as shipping tolerances ease.
1981: Civic pride and more than a little politicking have scuttled — at least temporarily — a controversial proposal to study whether the competing Puget Sound ports of Seattle and Tacoma should cooperate and, ultimately, merge.
Ground handling companies, with the help of Trump administration officials at the Treasury Department, took CARES Act aid designed to keep workers employed and still terminated many of them.
High cost of repositioning reefer equipment is hitting food exporters hard amid ongoing tariff fallout.
German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
Airline industry experts are just guesstimating when they say 8,000 big freighter planes will be needed to rush COVID vaccines to the public. Until we know more about the shipping requirements and packaging logistics, folks will still be in the dark.
State officials were among the guests cheering for the ports’ fiscal-year successes.
American Airlines achieved a $77 million quarter-over-quarter gain in cargo revenue thanks to stepped-up cargo operations and favorable market rates.
ZIM and 2M increase capacity of vessels calling Texas.
Alaska Airlines is slowly improving its financial outlook month by month, but it still lost about $400 million in the third quarter.
Cathay Pacific is having trouble remaining a viable airline with just a trickle of passenger business due to the coronavirus. It’s taking drastic measures.
COVID-19 keeps bookings soft, planes parked during quarter.
JAXPORT is there to help as consumers shift from a shop-till-you-drop mentality to a shop-till-it-drops reality.
New Kpler data reveals slow pace of floating-storage unwind and steady fall in crude-tanker utilization.
The carrier sought relief from commission regulations earlier this month as part of its efforts to recover from a crippling cyberattack in late September.
Air cargo companies are raking in revenues this year. It might be a bad time to ask for a handout from the government.
Auto volumes are still down 25% year-over-year and closed West Seattle Bridge remains a barrier.
The ocean container industry association files an agreement with the U.S. Federal Maritime Commission to ensure its collective activities do not violate the Shipping Act.
The Port of Brownsville recently received a $14.5 million grant to expand and upgrade the port’s 3 million-bushel grain elevator, including rail and road improvements.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
(Updated Oct. 260, 2020, 9 A.M. ET, with more on EFEW, Sine Draco Aviation) Questions about whether the new Airbus A321 converted freighter could generate orders and catch up to the Boeing 737-800, which has a three-year head start in the express delivery market, are quickly dissipating. Aircraft trading and leasing company Vallair announced Tuesday […]
Port Call Data Definitions guide is available for free download.
On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.
Some Top 20 cargo airports still can’t get above water in terms of freight volume because there aren’t enough passenger planes flying.
The Mediterranean Sea has become a hotbed of conflict as Turkey and Greece clash over oil, and that is putting BCOs in a difficult spot.
“Several months into this pandemic, we are now seeing positive signs by these cargo volume totals.”
Sequel to “The Shipping Man” asks whether ESG will kill the old-school style of traditional shipowners.
Air Canada is losing its CEO, Calin Rovinescu. He will retire early next year with a reputation for bold leadership.
1964: The Whopper Hopper is the most advanced design of any freight car fabricated from USS Tenelon stainless steel. In a single trip it can transport 135 tons of bulk material and enough sugar to sweeten 30 million cups of coffee.
“This service further connects northeast Florida exporters, including the area’s robust forest products sector, to an important and growing segment of the global economy.”
How do you prepare for the Super Bowl if you don’t know who your opponent is? That’s how airlines and freight managers feel about preparations for transporting a COVID-19 vaccine when one is approved because manufacturers aren’t freely sharing shipping details.
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
“Port partners are taking proactive steps to add more resources and service hours to support this untraditional peak cargo volume season.”
Port of Virginia gets $20.2 million for container yard expansion.
Final rule streamlines launch and reentry requirements for burgeoning commercial space industry
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
United Airlines lost more than $2 billion in the third quarter, but the cargo division did its part to stabilize finances.
UPS is one of nine companies that have leased lots of freighters from Air Transport Services Group this year. Find out who else is leasing these popular aircraft.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
The A321 has a lot of potential in the air cargo market because of its efficiency and payload. Companies are beginning to convert passenger planes into cargo freighters.
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 […]
Alibaba is taking on Amazon around the world. Its latest move is in South America, with a new dedicated air service to speed up shipments.
Mexican all-cargo carrier MasAir is operating multiday service each week from Los Angeles to Mexico for DHL Express.
Asiana and Azul are taking cargo seriously in an unprecedented year for aviation. To capture greater cargo revenue, Asiana has replaced passenger seats with a novel freight pallet system. Azul is turning regional jets into cargo planes.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
Multibillionaire Sam Zell has holdings in many industries, including logistics. His company bought Able Freight, seeing higher growth opportunities in perishable logistics than standard dry goods.
The Port of Charleston set a September record by handling 195,101 TEUs.
The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the agreement’s effective date.
American Airlines cargo and passenger flights will shift to a new mega-airport in Beijing in March. Passenger demand will dictate how long cargo-only flights continue.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
1973: This will be Sea-Land’s 2nd container crane at Jacksonville and the 3rd in operation at the port.
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
The ro-ro vessel that capsized leaving the Port of Brunswick in September 2019 will be cut into eight multi-ton sections.
American Patriot Holdings is creating “a north-south trade lane from the Midwest to the lower Mississippi River that doesn’t exist today for containerized cargo.”
Banks, charterers, shipowners and governments want to clean up ocean transport. Not necessarily in the same way.
Mesa Airlines and DHL reach a big cargo milestone.
The U.S. Federal Maritime Commission wants to learn the extent of allegations that ocean carriers are targeting noncontracted service providers for freight payment.
21 Air is a small cargo airline that wants to expand but can’t afford new aircraft. So it’s acting as a sales agent and partnering with others to get more freight business when shippers are desperate for airlift.
U.S. Federal Maritime Commission steps forward with notice of inquiry to evaluate alleged ocean carrier abuse of “merchant” definition for bill of lading responsibility.
Michael White has been carrying the flag for air cargo in the U.S. for more than two decades. He will retire at the end of the year.
Air cargo traffic keeps Ted Stevens Anchorage International Airport in the same league as FedEx’s and UPS’ super-hubs.
Shipping CEOs see an increasing risk of a global economic crisis in the decade ahead.
Railway blockades reportedly are costing the Mexican economy more than $18 million a day.
Drayage truckers on the Envase platform have access to an online marketplace that connects them to available parking and storage lots nationwide.
Airlines are slowly adding flights, but don’t mistake that for market optimism. Bookings are trending down for the winter and airlines are bleeding billions in cash.
The Intermodal Motor Carriers Conference insists the U.S. Federal Maritime Commission has jurisdiction to ensure that ocean container chassis provisioning is conducted fairly.
At airlines, cargo is typically the junior partner to passenger service. During COVID, the roles are reversed and United Airlines is using its cargo network to support more passenger service.
MV Rhosus carried the 2,750 tons of ammonium nitrate cited as the cause of August’s devastating blast.
Another key bellwether — the cost of dry bulk freight — is pointing to an economic recovery.
TJX’s new 1.6 million-square-foot distribution center in El Paso will likely rely on factories in Juarez, Mexico, as part of its US-Mexico supply chain.
The South Korean carrier signed a contract for the ultra-large vessels in September 2018.
When it comes to freight audit and payment strategy, shippers don’t operate as a monolith.
Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
SAL Heavy Lift Group sees Intermarine expanding its ability to serve project cargo shippers throughout North and South America.
The inability of ocean carriers to timely inform shippers of schedule changes results in costly logistics disruptions and potential for lost international sales.
More airlines and logistics firms are fortifying their pharmaceutical handling capabilities and credentials ahead of an expected COVID-19 vaccine release. Several companies this week announced new product offerings, investments or logistics arrangements aimed at vaccine manufacturers. Industry officials have warned that there isn’t enough cold-chain infrastructure worldwide to support an immediate delivery schedule, and urged […]
The harbor commission voted to replace the aging Gerald Desmond Bridge in August 2010.
1971: Jacksonville, Savannah and Charleston duke it out for Southeastern port crown.
Announcement of IT EVP and chief digital officer appointments doesn’t mention this week’s ransomware attack.
National Airlines – not National the car rental company – is adding three 747s to its freighter fleet at a time when shippers are desperate to find airlift.
The air cargo industry is operating with an anchor tied around its waist: The absence of strong passenger service.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Tim Robertson succeeds Bill Meahl, who will continue to serve in an advisory role until his retirement next September.
U.S. Federal Maritime Commission anticipates COVID-19 impact on U.S. supply chain to continue into the first half of 2021.
YM Mandate leaks fuel oil in New Jersey, and the Hong Dai runs aground in Virginia.
International Maritime Organization website down and CMA CGM continues investigation following ransomware attack
As NYSHEX expands and Maersk Spot nears U.S. approval, ocean transport contracts could become more binding.