A weaker-than-normal shipping season is hurting Cathay Pacific Cargo’s ability to recover from the pandemic.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.
Maersk is a giant in the ocean shipping industry. It is also heavily investing to grow its all-cargo airline.
FreightWaves Classics profiles Commodore Robert Lopez and Mare Island Naval Shipyard.
China-based Zongteng Group has acquired a large cargo jet to enhance its global e-commerce logistics distribution capabilities.
FreightWaves Classics profiles the USCGC Saranac, which served both the United States and the United Kingdom.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
