An anticipated decrease in grain exports and increase in domestic biofuels production could change U.S. freight railroads’ capacity needs in the coming years.
Houston and New Orleans reported increased monthly cargo during July, while Corpus Christi posted a rise in crude oil exports.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Boeing has found an aviation services company in Jordan to carry out cargo conversions of used 737-800 jets.
The FedEx and UPS fleets are flying less, but Amazon’s flight activity is up as the shifting parcel market impacts each company differently.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
Toronto Pearson airport plans to replace an office park with a cargo facility with funding from the Canadian government, which is also helping an Inuit-owned airline move more cargo.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
July volumes at the Port of Charleston and South Carolina Ports rose 12% from June and 3% year over year.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
The air cargo sector was banking on a turnaround in market conditions by this fall, but it might have to wait until late next year unless demand unexpectedly revives.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Smaller airports without big-city crowds offer many advantages to all-cargo airlines and shippers, which are taking more business to those locations.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
