West Coast container ports hit as labor talks take ominous turn
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.
Shippers will be able to place lots of freight on widebody jets British Airways will start flying to Cincinnati/Northern Kentucky International Airport from London.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
Analyzing back-to-school volumes can give you insight into retailer expectations and impacts on container trade.
The Port of Corpus Christi has named Kent Britton interim CEO to lead the South Texas port until a permanent chief executive is found.
FedEx has prevented a potential strike by its pilots by agreeing to a contract that still must be approved by members of the pilots union.
U.S. and EU antitrust authorities are worried about reduced cargo competition from a merger between South Korea’s top airlines.
FedEx Express is quadrupling throughput at one of its airport gateways in Australia.
Birmingham-Shuttlesworth airport is building a 53,000-square-foot airside transfer center for freight company Kuehne+Nagel.
Back-to-school season is near, and planning is underway among shippers and logistics companies.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
Container volume at ports in Houston and New Orleans fell in April, while Corpus Christi was bolstered by crude oil exports.
Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
Southern Companies provides drayage services at seven Southeast ports.
More signs are surfacing that the second half of the year won’t be a panacea to the international freight recession. Seko Logistics says there won’t be a surge in orders that fuels transportation spending.
Bed Bath & Beyond “failed to manage its own supply chain” and “exacerbated the bottlenecks faced by other shippers,” alleges OOCL.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
“We want [global shipping] to be self-explanatory, easy to navigate and easy for you to find the answer you are looking for,” says Maja Bernstein, vice president of industry relations at Fluent Cargo.
The airline subsidiary of ocean carrier CMA CGM has backed out of the U.S. market for the second time in six months.
The outsourced logistics arm of FedEx is opening up the way it shares data on electronic bookings for air cargo with a major customer.
Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
There’s plenty of cargo news in Canada with WestJet avoiding a pilots strike and Air Canada expanding its freighter network to Costa Rica.
Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
CMA CGM Air Cargo is trying to find its footing as a new airline. It has begun flying to India instead of the U.S.
Cargo shipments will cease on Friday as WestJet pilots walk off the job. The airline is trying to avoid a chaotic situation by taking down aircraft ahead of the deadline.
Port CEO’s resignation came a day after a story aired on a local TV station about his alleged excessive expenditures.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
DHL Air Austria will operate a mixed fleet of Boeing freighters in the fall and is seeking permission to fly new 767s to the U.S. so it has that option in the future.
FedEx pilots say they are willing to go on strike, if necessary.
Airbus has reached another milestone with its young A330 passenger-to-freighter program.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
WestJet Cargo finally got airborne last month after nearly a year of unexpected delays and now faces a shutdown by week’s end because of a labor dispute.
Amerijet, a mid-tier cargo airline with growth ambitions, has struck a tentative deal with pilots for a new contract.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
If you’ve never heard of Phoenix-Mesa Gateway Airport, you’re not alone. But for DSV, a large logistics company, it could prove a diamond in the rough for air cargo purposes.
Recovery from the recession in airfreight transportation looks like it will be drawn out over the next year — and very slight when it does happen.
Nippon Express has signed a deal with Austria’s Cargo-Partner that expands its geographic reach and logistics service capabilities.
DHL Global Forwarding will offer its first temperature-controlled service between Indianapolis and Europe.
All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
A group representing the nation’s largest container ports contends lawmakers are misleading the public with a bill targeting Chinese-made container cranes.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Canadian Pacific Kansas City is building its intermodal service between points in the U.S. Midwest and Mexico, announcing a new daily service that aims to take away market share from trucks.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
Japan Airlines is joining a group of passenger airlines that are starting all-cargo operations.
MSC Air Cargo, the airfreight arm of Mediterranean Shipping Co., has named ECS Group to handle functions in two major markets.
Emirates SkyCargo is going back to the future by deploying Boeing 747-400 freighters for the first time in more than five years.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
Shippers want Congress to expand FMC’s power over rail storage fees, but shipping lines say the power is already in the hands of the STB.
Airbus has delayed the entry into service of the firstA350 freighter until 2026.
Two top executives at Altas Air are retiring in their 50s. The cargo airline named Michael Steen as its CEO.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
Privately held logistics provider Flexport is acquiring the logistics assets of Shopify to provide complete order management and final-mile delivery services for customers.
Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.
Maritime and logistics services company Crowley and Canadian railway CN have joined in a new service that will connect Canada, the Midwest and the Gulf Coast of Mexico.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
Etihad Airways in Abu Dhabi and SF Airlines in China are helping each other expand globally by providing ground services for the other at their main freighter hubs.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Sun Country is bucking the trend of express carriers flying fewer hours because of slow shipping volumes. Its Amazon fleet is busy as ever.
The impact of the movement of trade to the East Coast and Gulf ports can no longer be denied in the railroad data.
UPS is adjusting its air network to minimize wasteful flying while shipping volumes are weak.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Gol Airlines in Brazil will have five all-cargo aircraft in its fleet by next month operating in a dedicated service for a large online retailer.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.
Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
Nothing is normal in logistics and the power shift in the game of supply and demand has shifted back to the shipper.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Gary Chicago airport is building a massive apron for freighter aircraft that UPS will only partially occupy. Build it and others will come is how officials think about it.
Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
FedEx is shrinking its network of pilot bases in an effort to cut costs. The move follows a recent decision to transfer a major maintenance facility at LAX airport to Indianapolis.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
A shipment of gold and other values was pilfered at the Toronto airport in Canada this week and police have few leads so far.
WestJet can’t catch a break when it comes to starting its new cargo airline. Service began Thursday but could shut down in less than a month if pilots go on strike.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
DHL Express is ordering nine passenger-to-freighter conversion aircraft to modernize its large fleet.
Air cargo professionals hope demand has hit bottom and will start to improve soon, but there could be further downside if some barometers are true.
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”
SC Ports’ Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
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.