Western Global Airlines lines up bankruptcy financing, report says
Western Global Airlines could be on the verge of Chapter 11 bankruptcy.
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.
FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
Ontario International Airport has approved a large cargo development for DHL Express to support express delivery on the West Coast.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.