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.
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.
