On Wednesday, Ver.di, the union representing tugboat and bridge operators among other critical public service jobs at the Port of Hamburg in Germany, announced a strike.
Shipowners say they won’t order expensive new dual-fuel tankers without charters. They’re not getting charters, so they’re not ordering.
WestJet can’t seem to catch a break getting its new cargo airline off the ground. It had to postpone the fleet launch another month, and the conversion facility is taking longer than expected to complete the final aircraft.
Fees to register a business or file complaints at the Federal Maritime Commission will be significantly higher in 2023 to account for higher agency costs.
Although February volumes at SC Ports were down 13% year over year, they still represented the second-highest total for the month in port history.
DSV is rapidly building up its logistics infrastructure in Arizona, an emerging market for semiconductors and electric vehicles.
Cathay Pacific has been tied down by COVID health restrictions much longer than most airlines. The cargo network is getting a big boost as long-haul passenger aircraft rejoin the fleet.
Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
Federal regulators have codified provisions of the Ocean Shipping Reform Act that may extract more compensation from ocean carriers for rule violations.
U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
A multitude of mixed economic signals make it difficult to predict a recovery in air cargo business this year. Even if global trade picks up, the lion’s share of shipments will go by ocean.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Boeing is meeting customer demand by adding a facility to carry out passenger-to-cargo conversions in India. Some wonder whether the market will soon be oversaturated.
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
More than 130,000 civil and public servants who are part of the Public and Commercial Services Union will walk out in what it is calling the largest strike in civil service in decades.
The Georgia Ports Authority reported its second-busiest February ever.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
