Significant earnings jump spurs Hapag-Lloyd forecast revision
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
United Airlines lost more than $2 billion in the third quarter, but the cargo division did its part to stabilize finances.
UPS is one of nine companies that have leased lots of freighters from Air Transport Services Group this year. Find out who else is leasing these popular aircraft.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
The A321 has a lot of potential in the air cargo market because of its efficiency and payload. Companies are beginning to convert passenger planes into cargo freighters.
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 […]
Alibaba is taking on Amazon around the world. Its latest move is in South America, with a new dedicated air service to speed up shipments.
Mexican all-cargo carrier MasAir is operating multiday service each week from Los Angeles to Mexico for DHL Express.
Asiana and Azul are taking cargo seriously in an unprecedented year for aviation. To capture greater cargo revenue, Asiana has replaced passenger seats with a novel freight pallet system. Azul is turning regional jets into cargo planes.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
Multibillionaire Sam Zell has holdings in many industries, including logistics. His company bought Able Freight, seeing higher growth opportunities in perishable logistics than standard dry goods.
The Port of Charleston set a September record by handling 195,101 TEUs.
The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the agreement’s effective date.
American Airlines cargo and passenger flights will shift to a new mega-airport in Beijing in March. Passenger demand will dictate how long cargo-only flights continue.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
1973: This will be Sea-Land’s 2nd container crane at Jacksonville and the 3rd in operation at the port.