The Mexican government is offering incentives to attract investors to the Isthmus of Tehuantepec global trade hub project.
IATA forecast suggests weak airfreight demand will continue without peak-season rebound
Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.
Shippers will be able to place lots of freight on widebody jets British Airways will start flying to Cincinnati/Northern Kentucky International Airport from London.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
Analyzing back-to-school volumes can give you insight into retailer expectations and impacts on container trade.
The Port of Corpus Christi has named Kent Britton interim CEO to lead the South Texas port until a permanent chief executive is found.
FedEx has prevented a potential strike by its pilots by agreeing to a contract that still must be approved by members of the pilots union.
U.S. and EU antitrust authorities are worried about reduced cargo competition from a merger between South Korea’s top airlines.
FedEx Express is quadrupling throughput at one of its airport gateways in Australia.
Birmingham-Shuttlesworth airport is building a 53,000-square-foot airside transfer center for freight company Kuehne+Nagel.
Back-to-school season is near, and planning is underway among shippers and logistics companies.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
Container volume at ports in Houston and New Orleans fell in April, while Corpus Christi was bolstered by crude oil exports.
Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
