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.
