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.
Sichuan Airlines is taking the unusual step of carrying out cargo conversions of Airbus A321 aircraft on its own.
The Port of Virginia says it’s nearly done with its channel deepening project, which will enable the port to allow for two-way traffic of ultra-large container vessels.
Despite lower demand for transportation, repealing the ocean carriers’ antitrust immunity is still in play on Capitol Hill.
Freighter operator Amerijet is rationalizing its business by terminating a south Florida air and ocean logistics business it owns.
Agility is losing lucrative contracts to manage logistics parks in Kuwait after the government decided not to renew its agreement with the company.
Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.
Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
Qantas wants to capitalize on Australia’s e-commerce boom by increasing the number of freighters used to quickly haul packages around the country.
Cargo flow remained constant at ports in Houston and Corpus Christi, Texas, but slowed slightly in New Orleans.
Atlas Air took a profit cut in the fourth quarter, but comparisons with 2021 weren’t good because it was a record year financially.
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
Express carrier SF Airlines is gaining in-house capability to upgrade airframes through a joint venture in China with ST Engineering.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
