The air cargo industry finished 2023 on a high note and is getting an extra boost from the Red Sea shock as shippers divert ocean freight to keep their supply chains fluid.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
China Cargo Airlines has delayed the start of its inaugural freighter service to Miami for undisclosed reasons.
United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.
Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
Cargolux is investing in aircraft to fight wildfires, a completely new line of business for the freighter operator.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
Air France-KLM and ocean shipping power CMA CGM, citing regulatory challenges in various nations, have agreed to discontinue their air cargo capacity-sharing agreement one year into a 10-year partnership, the companies announced on Tuesday. Commercial cooperation between the two airline groups will end on March 31, one year after it began. Air France-KLM’s cargo division […]
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
New owners have taken control of troubled Amerijet, which is scuttling several aircraft leases and laying off more workers to preserve cash.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
