CMA CGM in new terminal venture with private equity firm
Liner CMA CGM and private equity’s Stonepeak are partnering on United Ports LLC, with terminals on four continents.
Liner CMA CGM and private equity’s Stonepeak are partnering on United Ports LLC, with terminals on four continents.
UPS said earnings improved in the second quarter as it fully ended handling low-margin Amazon shipments and continued streamlining its domestic network as it concentrates on high-quality revenue.
CMA CGM saw revenue and profit surge in the second quarter even as volatile conditions buffeted the supply chain.
A second international airport has opened in Sydney, Australia, highlighted by a new cargo zone that operates 24/7, giving businesses more shipping capacity and flexibility. Australia Post and Qantas have set up an air parcel terminal to expedite e-commerce traffic.
A spice importer, a watch retailer, and a toy maker are asking the Court of International Trade to unwind duties on nearly every good entering the country.
DHL Group is adding to its e-commerce logistics portfolio by acquiring Venipak, a prominent parcel carrier in the Baltic states.
Logistics powerhouse DSV has launched its third direct air charter service to Chicago-Rockford airport, taking advantage of its proximity to the big city while avoiding delays at crowded O’Hare airport.
Far East shipping spot rates are softening slightly but remain high; declines are gradual and expected to continue in August.
A public-private partnership backed by the Department of Transportation is testing nuclear reactor technology for commercial shipping operations.
HERE Technologies is pairing AI route optimization with a reasoning layer that explains dispatch decisions and a tool that learns from drivers in the field.
Domestic shipbuilders could receive about $26 billion in funding via the National Defense Authorization Act, earmarked for new construction and procurement at U.S. yards.
International Longshore and Warehouse Union dockworkers walked off the job Wednesday at the Port of Oakland, in sympathy with strikers at an area sugar refiner.
Alaska Airlines is investing in its cargo franchise with an agreement to lease four additional Boeing cargo jets, some of which will be dedicated to serving within the Hawaiian islands.
Fuel prices climb anew as U.S., Iran battle over Strait of Hormuz, but near-term outlook for tariff pressures uncertain ahead of midterm elections.
Marad is partnering with the Port of Long Beach to pilot small modular reactors for commercial shipping.
Boeing has received an order from MSC Air Cargo for its all-new 777 freighter, which will bring needed capacity to the long-haul air cargo market in several years.
ITE Management has acquired the North American Chassis Pool Cooperative, expanding its intermodal platform to over 60,000 units.
Yemen’s Houthi rebels announce a ‘blockade for blockade’ in escalation with Saudi Arabia that again threatens the Suez Canal shipping route.
Mammen Tharakan is leaving his job helping to develop a second airport in Riyadh, Saudi Arabia, to become head of The International Air Cargo Association.
Cargo shippers have lost a transport option after Cathay Pacific scuttled plans to resume flights to key Middle East airports because of escalating hostilities between Iran and the United States.