IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
Latam Airlines’ cargo division is diversifying routes for flower exporters with a new destination in Los Angeles.
Flight hours are a proxy for air cargo demand and the amount of time all-cargo aircraft are flying is falling.
Boeing has paused delivery of the 767 freighter until it corrects a fuel tank issue.
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
Shipping line NYK says operating Nippon Cargo Airlines is too expensive and plans to sell it to another Japanese carrier.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Amazon Air is growing and refining its air cargo network, but at a more gradual pace because of the slowdown in online shopping.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
“Our goal is to get empty containers out of the hands of those who do not need them and into the hands of those who do, and so far it’s working,” said Qualle founder and CEO Tyler Sellers.
After rushing to add capacity, Maersk’s in-house cargo airline is hitting the pause button on new routes because of sharply lower shipping demand.
Without Lufthansa Cargo’s strong results last year, the Lufthansa Group of airlines would have lost money.
Global logistics provider Kuehne+Nagel wants to avoid bottlenecks at big cargo airports by sending freighters to Birmingham, Alabama.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
