Carriers’ pricing power slipping amid continued Red Sea conflict
The initial shock factor is waning and ocean spot rates are losing momentum across the globe.
The initial shock factor is waning and ocean spot rates are losing momentum across the globe.
Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.
A Qatar Airways 747 freighter touched down for the last time on Friday. The plane has been sold to UPS.
Ports across Mexico moved 728,116 twenty-foot equivalent units during January, a 20% year-over-year increase.
Intermodal at Savannah posted its strongest February ever.
Air forwarders are getting a break from the Transportation Security Administration that will save them time and money on administrative work needed to stay in a required security program.
Cargo airline Amerijet has already downsized its fleet and workforce, and changed leadership, to stem the flow of red ink. The latest move is outsourcing a warehouse operation in the Southeast.
Rates are still high and ships are still rerouting, but global supply chains appear to be adjusting to restricted Red Sea trade.
The UPS maintenance division is moving into a new hangar, capable of supporting 747 jumbo jets, at its global air hub in Louisville, Kentucky.
Kuehne+Nagel is the largest logistics company in the world, but it wasn’t immune to downward market forces in 2023.
Houthis, the Lunar New Year, drought in the Panama Canal, an impending potential strike and the upcoming election mean rough seas in 2024. Here’s how shippers can protect themselves.
The CEO of the Port of Long Beach boss cited restocking ahead of the Lunar New Year as the driver for import growth in January.
Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.
Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline.
While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.
Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023.
Spot rates are back above breakeven and Zim’s costs are falling.
Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach.
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.