Cargo pilots at Air Transport International are frustrated by the pace of negotiations for a labor deal and ready to go on strike.
Project freight forwarder deugro has opened a container terminal in Baytown, Texas, along the Houston Ship Channel.
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
CMA CGM, like many other carriers, is reporting serious revenue loss. The North America president and CEO goes into detail with American Shipper and explains why the company is investing in more physical infrastructure.
Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
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.
