OOCL turnaround on robust trans-Pacific results
Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing.
Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing.
U.S. forces disabled an unladen oil tanker in the Arabian Gulf that was attempting to sail toward Iran in violation of a naval blockade.
American Airlines’ board of directors has elected former FedEx and Atlas Air executive as its newest member.
Maersk will fulfill orders for the Northeast region for a large e-commerce seller from a new Boston facility.
The Port of Los Angeles topped 1 million TEUs for only the third month in its 118-year history.
The Port of Long Beach achieved its third-busiest June despite economic uncertainty and war-related supply chain pressures.
Fuel surcharges continue to be a major component in rising parcel shipping rates, especially as FedEx and UPS jigger with their tables to maintain revenue even if fuel prices go down.
The Port of Jacksonville has broadened its reach as two liner operators add the Florida port gateway to a three-continent service.
DP World is reportedly planning a new UAE port and container terminal away from the Strait of Hormuz.
Shippers could start to see some relief from soaring trans-Pacific ocean rates, according to one analyst, as prices moderated in the most recent week.
DHL’s freight forwarding arm has reserved full cargo aircraft several times a week to provide scheduled service from Thailand, Vietnam and Taiwan to Midwest air hubs.
Iran closed the Strait of Hormuz and attacked U.S. installations and regional energy production in a widening Gulf war.
The leadership transition at the fourth-busiest U.S. container port is marked by little more than a change in parking spaces.
Amazon is deploying its private cargo airline to help humanitarian organizations fly supplies to earthquake-damaged Venezuela.
FedEx has launched a life sciences division, building on its healthcare logistics infrastructure to provide more end-to-end services.
Retailers are frontloading imports to beat expected August tariff increases, pushing major U.S. container ports toward a new all-time record in volume this month.
The Postal Service is moving more mail by air to compensate for lower parcel volumes and avoid premiums for missing UPS volume guarantees when the stated policy is to rely more on surface transportation, according to a new audit.
Port Freeport adds new vehicle imports, secures $11 million grant and celebrates Volkswagen and Höegh milestones.
Freight forwarders are complaining that the International Air Transport Association unfairly shifted responsibility to them for certain shipments when it changed legal language in a shipping document.
Strong demand on the trans-Pacific keeps container rates high despite lower fuel costs, though volumes may be peaking early.