2023 was a tumultuous year for airfreight. The downturn in business put pressure on the industry, but the year ended with some optimism.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Japan Airlines is restarting its freighter division after 13 years and will fly three 767s exclusively for DHL.
Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
The Winnipeg Airport Authority is ready to begin the next phase of its cargo expansion and modernization project with an investment from the Canadian government.
DHL ground support workers at the company’s Cincinnati airport hub ended their strike after an agreement on a new contract.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
Air China Cargo is adding Airbus freighters to its fleet after previously operating Boeing jets.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Striking airport workers at the DHL Express hub outside Cincinnati have picked up support from union members around the country, slowing customer shipments.
Turkish Airlines said it plans to buy five large freighters from Airbus.
Spain-based Swiftair plans to lease a couple Airbus A321 modified cargo jets next year.
