Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
Ocean carrier Maersk is buying three Boeing freighters and outsourcing flying to Amerijet to penetrate the U.S.-Asia air cargo market.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
The Farnborough International Airshow was a relative success for Boeing, capped by large preliminary commitment for freighters from Cargolux.
Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
“This allows Samsung to set a new bar of service levels for logistics customers, and Vizion supports this through hyperfocus on enhanced visibility technologies,” said Kyle Henderson, co-founder and CEO of Vizion.
COVID continues to crush Cathay Pacific’s business, but the cargo fleet is now back at full force.
America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Boeing, Airbus and independent aviation engineering companies are trying to meet demand for converting standard passenger jets to cargo configuration.
Boeing is more optimistic about demand for air cargo over the next 20 years, which is why it forecasts a need for 540 more freighters than competitor Airbus.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
China’s “dynamic COVID-zero policy” means more government-mandated testing — and more drayage delays.
A turboprop cargo plane owned by a Ukrainian airline crashed in Greece with a load of weapons for Bangladesh’s military.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.
The buildup of vessels anchored off East and West Coast ports translates to around $30 billion, according to MDS Transmodal.
Insurance and risk management firm TT Club says “Book it right and pack it tight” provides guidance for preparing unitized consignments of dangerous goods for carriage by sea.
