Ocean Network Express’ quarterly profit plunges
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
German ocean shipping company Hapag-Lloyd said its earnings before interest, taxes, depreciation and amortization jumped by $7.6 billion year over year.
It’s the end of an era for the “Queen of the Skies.” Boeing will make its final 747 delivery on Tuesday, but cargo airlines could fly them for another 40 years.
Container shipping rates from Europe to the U.S. are finally falling, but they’re still exceptionally high.
Ameriflight, an air cargo contractor for big express companies, is considering a large purchase of uniquely designed, semi-autonomous freighters from Natilus.
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
2004: The capsizing of two vessels rocks the project cargo industry.
Martinair, with the help of parent company Air France-KLM, is buying four new freighters from Airbus.
American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated.
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers.
“Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets,” Hapag-Lloyd CEO Rolf Habben Jansen said.
1994: Those involved in response to the 600,000-gallon spill reflect on their efforts.
Air Canada is sticking with a Canadian, Jon Turner, as cargo chief after two Americans in that position left in recent years.
Shipping services around the globe will be reconfigured after the top two carriers end their vessel-sharing agreement.
Amazon is still investing in its air cargo network despite cost cuts elsewhere in the company. Next up: India.
A new contract for pilots at Hawaiian Airlines is setting the bar for all-cargo carriers above traditional industry leaders even though the carrier has never flown freighters before.
“We are proud to be part of this first-in-history interoperability launch between eBOL platforms,” said CargoX founder and CEO Stefan Kukman.
Steel, crude oil and refrigerated shipments rose as ports in Texas, Louisiana and Alabama recorded increased freight volumes in 2022.
Are falling commodity shipping spot rates the result of normal seasonality or a symptom of global economic malaise?