Leasing companies are investing in pre-owned passenger planes that can be converted into freighters, and production companies are stepping up to meet their need.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Airfreight markets around the world are facing serious capacity constraints. Trade growth is overwhelming the physical ability of carriers to move goods and it’s reflected in transport prices.
Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.
1978: More than a decade ago, someone accepted the measurement given in a manufacturer’s advertisement at face value. The figure has been used since then to compute ocean freight rates on certain chemicals. Who is liable? The shipper or the carrier?
The Air Line Pilots Association has accused the bargaining unit for Cargojet pilots of going along with the company’s effort to weaken new anti-fatigue rules.
Airbus is competing not only against Boeing to sell small converted freighters, but it now has a new U.S. competitor in retrofitting A321s.
Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.
Exported empties contribute to the Port of New York and New Jersey’s monthly volume record.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
Aircraft conversion houses tear apart passenger aircraft, then reinforce the walls and floor so they can handle heavy cargo on the main deck. Business is growing along with trade.
Purolator is considered the FedEx or UPS of Canada. The express delivery company has hired an airline to help it move more packages between the U.S. and Canada.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.
he microgeometry of a shark’s skin reduces friction and allows it to move faster in the water. Lufthansa Cargo is applying that same capability to its aircraft to save fuel in a fascinating case of man copying nature.
2001: Several shipping lines are close to ordering the first container ships of 8,000- to 9,000-TEU capacity, but others in the industry are warning of the associated risks.
