Rising jet fuel price puts extra pressure on airfreight sector
Fuel was a nonfactor for airlines and cargo customers during the early months of COVID. Not anymore.
Fuel was a nonfactor for airlines and cargo customers during the early months of COVID. Not anymore.
2006: Istanbul-based freight forwarder Advance International has made use of international agency plans to re-establish reliable landbridge routes between the two continents.
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers’ hopes for a rate pullback are fading.
DHL Express has added two large freighters to its fleet to bolster service between the Asia-Pacific and the U.S. and Europe, in response to “exponential” growth in shipment volume. The parcel carrier said Friday the two Boeing 777 aircraft will be operated by Michigan-based Kalitta Air and AeroLogic, the joint venture cargo airline of DHL […]
Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.
If you ordered a fire pit or a rowing machine online, there’s a good chance it’s coming through the Port of Long Beach. The port is moving record amounts of containers and shipments are experiencing delays.
Air cargo carriers can barely keep up with demand. International passenger airlines are desperate for more traffic. But the two segments are inextricably linked, for better or worse.
Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).
Gloom and doom could soon turn to sunny skies for U.S. airlines. It’s another story for international carriers, but everyone is managing heavy debt loads from COVID. Carriers will be more selective about what routes they fly in the future.
“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.
Pilots at Western Global Airlines are unionizing.
Pearl service customers’ imports likely will be delayed arriving from Asia.
“Our all-time container record reinforces that we are adding more capacity to the Port of Charleston at the right time,” says South Carolina Ports CEO Jim Newsome.
Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.
The air cargo industry quickly pulled together to deliver critical COVID vaccines and PPE last year. The same type of teamwork can be applied to other social needs, such as the environment and diversity, air cargo leaders say.
“Imagine a port where a ship slows down on approach to reduce emissions, plugs into the electrical grid at berth instead of burning fuel to run vital systems and is worked by zero-emissions cranes, yard vehicles and trucks. That’s our reality in Long Beach.”
1981: Plans to use offshore vessels for the generation of electricity by use of ocean water temperature differences could develop into a “good market” for the nation’s shipyards, according to an industry spokesman.
The A380 has mostly been a bust as a giant passenger plane. Now Airbus is trying to salvage some value by offering to convert passenger planes into full-time cargo planes. But there’s a twist. Passengers will still ride along on the top deck. Will airlines buy in?
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”