Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.
2000: World container port throughput increased 7.8% last year to about 201 million TEUs — the first time volume exceeded 200 million TEUs.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
1974: They may be the last hurdles in the way of renewed trade between the
United States and Cuba. An embargo failed to work and indirect business
has begun.
Backers of a shipping regulation that begins Jan. 1 believe it will reduce carbon emissions. Critics warn it could backfire and increase them.
By the start of the 1900s, about 40 U.S.-flag ships were operated by the country’s lumber titans, proving to the industry at the time that marine transport was more efficient than rail.
Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.
Auto imports, crude oil and petroleum shipments rose as ports in Houston, Corpus Christi and New Orleans recorded mixed freight volumes in November.
Air Canada is beefing up ground infrastructure as it develops a new fleet of freighters able to raise transport reliability for logistics customers.
The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
Like all previous maritime boom cycles, things are starting to turn down. That reshaping of trade is creating a misleading message on demand.
The German national railway is looking to sell off its DB Schenker logistics business if it can get a good price.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
Foreign-flagged vessels working in the U.S. offshore energy sector would face new restrictions under a proposal before Congress.
Cargo traffic for Cathay Pacific fell in November, weighed down by weak demand for Chinese exports. The small bump it enjoyed in October was short lived.
Containerized imports to the ports of Los Angeles and Long Beach have now fallen well below pre-COVID levels.
The Port of New Orleans has received $800 million from two major trade operators toward a planned $1.8 billion container facility.
Geodis is now offering U.S.-based e-commerce companies air zone skipping service to Canada.
DHL Express is responding to demand for e-commerce with the addition of a new cargo route — this time to the Dominican Republic.
The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.
