ZIM’s loss drops as EBITDA and cash flow jump
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
The U.S. government’s emergency aid package was only a Band-Aid for protecting jobs. Airlines promised not to have involuntary layoffs for six months, but now American Airlines is paving the way for mass layoffs.
Litigious society wants someone to pay for coronavirus-related business losses
Lufthansa and Germany have agreed on a rescue plan for the airline, but the European Union wants to take a pound of flesh from the German carrier before allowing the deal to go through.
Operator of Staten Island terminal spurned by container giant is not giving up without a fight.
Coronavirus hit to Brazilian exports is a nightmare scenario for dry bulk — and cases in Brazil are mounting fast.
United Airlines’ new CEO is putting his stamp on the company right away with a new tteam to steer the company through the coronavirus pandemic and beyond.
Rates for ocean transport of propane could surge if the worst of the coronavirus crisis is past.
The coronavirus isn’t slowing down UPS Airlines. It’s continuing with a major fleet expansion and new routes because of e-commerce trends.
APL England escorted to Port of Brisbane after 40 containers are lost and nearly 75 others are damaged
“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.
Airlines like Air Canada are raising private capital through various means, while also seeking emergency government assistance.
Airlines are in a no-win situation. They need money now to keep from going under but know that debt payments will make it more difficult to make ends meet in the years to come.
Authorities blame heavy seas off Australian coast for loss of medical supplies, household appliances and building materials
LATAM Airlines is looking for protection from creditors as it downsizes, something that all airlines are trying to figure out how to do in the face of a pandemic that has wiped out travel demand.
Lufthansa will temporarily become a German-state owned company again with a pending plan to give the airline billions of dollars in emergency aid to withstand the fallout from the coronavirus.
Leasing companies say a neutral chassis pool lacks incentive to invest the tens of millions of dollars each year to maintain viable chassis equipment.
New Orleans Public Belt Railroad brings on eight new engines, which will reduce the operation’s fuel consumption by 25% and emissions by 40%.
Fewer sailings will be canceled starting in July but that won’t help restock shelves in June.