Panama Canal crisis forces US farm exports to detour through Suez
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.
Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.
Air Transport Services Group is slowing investment in converted freighters as a weak shipping market leads cargo airlines to pause fleet expansion.
Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.
Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.
UPS has bought out a small contingent of senior pilots. An American Airlines regional partner is trying to attract them to fly small jets.
The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.
FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline.
“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
Trucks are featured heavily in projects reaping $653 million worth of port infrastructure grants announced Friday by the Biden administration.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
The freighter conversion business is slowing down, but there remains residual momentum from carriers such as IndiGo.
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Air Canada said it is taking a slower approach to adding cargo jets because there isn’t enough demand now to justify the investment.
Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
A former senior executive at Polar Air Cargo pleaded guilty to corporate corruption and agreed to pay restitution of $9.3 million in addition to serving a potential jail sentence.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
Israel won’t be able to produce as many goods for its economy because of the war it is waging. Some logistics providers are increasing their capability to deliver imports to the country by air and ocean.