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.
Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.
“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.
The semiconductor industry is a new vertical that logistics provider Kuehne+Nagel has identified as a growth area. Toward that end, it is using two large freighters it controls to transport shipments from Taiwan to Europe.
Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.
The first Airbus A321 converted freighter has been cleared by authorities to begin commercial service in China.
“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.
American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.
Mega-forwarder Kuehne+Nagel is working with one of its top air logistics vendors to make airport cargo transfers faster.
Shippers aren’t paying freight forwarders because their cargo was delayed. Now those forwarders want Qantas Airways to eliminate their handling charges because of a self-inflicted operational breakdown.
United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.
Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.
Global Crossing Airlines is using its small regional jets to airlift aid to Israel. Other U.S. carriers are more cautious and have canceled flights to Israel until further notice.
A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.
The air cargo market has pulled out of its 1.5-year dive, but analysts say don’t be deceived by the slight seasonal improvement. Real growth is many months away.
