Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
Nothing is normal in logistics and the power shift in the game of supply and demand has shifted back to the shipper.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Gary Chicago airport is building a massive apron for freighter aircraft that UPS will only partially occupy. Build it and others will come is how officials think about it.
Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
FedEx is shrinking its network of pilot bases in an effort to cut costs. The move follows a recent decision to transfer a major maintenance facility at LAX airport to Indianapolis.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
A shipment of gold and other values was pilfered at the Toronto airport in Canada this week and police have few leads so far.
WestJet can’t catch a break when it comes to starting its new cargo airline. Service began Thursday but could shut down in less than a month if pilots go on strike.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
DHL Express is ordering nine passenger-to-freighter conversion aircraft to modernize its large fleet.
Air cargo professionals hope demand has hit bottom and will start to improve soon, but there could be further downside if some barometers are true.
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”
SC Ports’ Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Israel Aerospace Industries has added a second overseas facility to carry out passenger-to-freighter conversions of the Boeing 777-300.
The FedEx pilots’ union is asking members to vote on a strike authorization for possible later use.
