American Shipper

Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.

Western Global Airlines, struggling under a heavy debt load and weak market conditions, has filed for Chapter 11 bankruptcy protection in a Delaware court.

After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.

Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.

Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.

Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.

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.