“As retail imports continue to boom during the pandemic, the ability to quickly move goods from ships to the hinterland via rail is paramount,” says CEO Jim Newsome.
Anchorages are filling up with ships off multiple ports — not just California’s. Yet the reasons behind the traffic jams are not always the same.
Icelandair is raising capital with a sale-leaseback of two large jets and then turning them into freighters. It’s an innovative move.
The lack of Lunar New Year shutdowns contributes to the busiest February on record.
Federal stimulus checks will be heading by direct deposit and mail to millions of Americans, who will quickly turn to their computers to place online orders that flood parcel networks.
China was the top U.S. trading partner for the 10th consecutive month in January and was the most important trading partner in 2020.
E-commerce is like a monster that can’t be contained and Amazon is growing with it. The online retailer just bought some aircraft for the first time. Now it has bought a piece of a cargo airline.
The Port of Virginia has recaptured some U.S. military business it lost over the years.
“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.
How does California congestion rank versus 2015 logjam caused by tensions with dockworkers union? It’s not even close: 2021 wins by a long shot.
“As we continue to recover from the COVID-19 pandemic, now is the time to accelerate our throughput and growth,” says Pennsylvania Gov. Tom Wolf.
FedEx pilots want the company to stop releasing crews into Hong Kong for rest periods because of aggressive testing and quarantine restrictions that subject them to infection and loss of personal freedom.
Rockford International Airport is fast becoming an air cargo hub. Amazon and UPS have big operations there, and construction is underway to increase capacity for freighters and storage for new customers.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
Air cargo is a good news, bad news story this year. Shipment volumes are at pre-crisis levels. But cargo is joined at the hip with passenger airlines, which are cutting more flights and struggling to survive.
Republican lawmakers push back on Biden’s ‘big, bold vision’ ahead of infrastructure talks.
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
