Has the peak of container shipping’s epic boom already passed?
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Israel Aircraft Industries announced Cargojet as the third customer for its program to convert Boeing 777 jets into full-time freighters.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
April volumes at the Port of Virginia in Norfolk were at the second highest in port history, right behind December 2021.
PetSmart’s complex supply chain includes the shipping of more than 50 million crickets annually.
Ann Phillips will take over at the U.S. Maritime Administration as the agency receives a fresh boost of funding for port infrastructure.
A 34% increase in retail imports is driving cargo volumes higher, SC Ports said.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
Boeing has landed a large freighter order from Lufthansa, while Embraer has launched a program to modify used planes for cargo in the regional market.
Air Transport Services Group seems to have immunized itself from air cargo volatility by leasing aircraft to e-commerce shippers and U.S. government personnel.
China’s zero-COVID policy is a prescription for more inflation and supply chain “illness.”
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
U.S. regulators have ordered the world’s largest ocean carriers to submit more pricing and capacity data to help protect shipping markets from anticompetitive practices.
Trucking solutions, sitting cargo are among the issues in Henan province’s capital city.
Airlines are carrying less cargo because of global economic headwinds, but the slowdown isn’t reflected in shipping rates.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
More planes and less cargo haven’t translated yet to a big drop in shipping prices between North America and Europe because of airport logistics problems.
Pete Buttigieg pushed back during a DOT budget hearing in the Senate against an effort to blame the Biden administration for rising inflation.
New container prices, new production, lease rates, lease durations and used container prices are all down.