Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.
Western Global Airlines could be on the verge of Chapter 11 bankruptcy.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company’s U.S. air network.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.
Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.
A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
A new London-based airline called One Air has begun commercial freighter service. The odds for survival may be daunting unless it can expand beyond a single aircraft and the market improves significantly.
Los Angeles International Airport has partnered with former NBA superstar “Magic” Johnson and others on planning a wholesale redevelopment of its extensive cargo facilities.
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
