Report: Cargo part of solution mix for airline deleveraging
Excerpt: Most airlines survived the pandemic financial crisis, but will they survive the recovery?
Excerpt: Most airlines survived the pandemic financial crisis, but will they survive the recovery?
The Federal Maritime Commission tells Congress exporters allege they are being threatened by ocean carriers if they complain about excessive fees and unfair practices.
Spot pricing has surged even higher, propelled by carrier rate hikes and China congestion fallout.
U.S. food trade group tells maritime regulators that carrier profits do not justify added fees.
The report says that North America will be less appealing than Asia in the eyes of business, at least through mid-decade.
“We know larger ships carrying increased volumes are coming. We want to be out in front of that curve.”
Port Tampa Bay will become one of three Gulf Coast ports accepting containerized cargo from fruit importer Dole.
The headline number for May retail sales was a sequential decline. What may have been lost in the report is that consumers are continuing to spend at a record-setting pace, which bodes well for freight flows.
There’s fintech and FreightTech. PayCargo plays in both spheres and is well supported by investors.
The Federal Maritime Commission is open to considering a mandate on container carriers to book U.S. exports.
May was the busiest month in the 114-year history of America’s busiest port.
Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
South Carolina Ports is touting two new export facilities projects that will have access to the Port of Charleston: a production facility and distribution center for winemaker Gallo and an agricultural transload facility run by Northwest Grains.
Los Angeles-based Plastic Express will occupy 100% of Phase I at the Cedar Port Logistics Center, scheduled to be completed by December.
South Korean shipping line HMM says it was victim of a cyberattack that caused outages to its e-mail systems.
Decision to secure dedicated vessel highlights unprecedented strength of container shipping and risks faced by importers.
Air Canada is making cargo a bigger part of its business plan. It’s turning eight passenger planes into double-deck freighters.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
Belarus occupies a key spot on the Trans-Eurasian rail line and is on the flight path used by airlines between Europe and Asia. Freight transport could be a victim if the West imposes sanctions on Belarus for violating what considers international norms.
The “unprecedented” influx of imports continues on the West and East coasts.