Air cargo thrives on e-commerce, disruption-driven demand
Peak season has come early to air freight markets and with ocean shipping disrupted and e-commerce filling planes out of Asia, the demand is
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Evergreen rides surging freight rates to big jump in H1 profits
The results, the carrier’s strongest since the second half of 2022, follow those of fellow Taiwan liners Yang Ming Marine Transport and Wan Hai
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India-Europe ocean carriers lower spot rates as demand recedes
Local freight forwarder sources who spoke with the Journal of Commerce reported a significant downward correction in spot rates quoted by major carriers for
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When it comes to the Red Sea diversions, the world is moving on
Not only are several geopolitical scenarios being confronted with much larger stakes, such as the ongoing Russia-Ukraine war and the possibility of escalation in
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HMM reports soaring profitability but warns of growing market challenges
The carrier is preparing its container shipping network for any shifting cargo flows amid rising geopolitical risks and global trade tensions.
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Wan Hai, Yang Ming use jump in H1 profits to boost fleet size
The investments are being made even though Yang Ming warned that the “world economic situation remains precarious,” with trade tensions and economic conditions in
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ILA unmoved by latest ‘industry-leading’ wage offer from USMX
Maritime employers say they are offering dockworkers along the East and Gulf coasts a better deal than the one received by their West Coast
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PSA’s takeover of Polish forwarder extends regional reach in Europe
Acquiring a majority stake in Loconi International continues the Singapore-based terminal operator’s growth strategy designed to expand control of its cargo handling beyond the
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Tight capacity, expected demand bolster August MPV indices
An “unbroken faith” in the underlying strength of the breakbulk market is pushing up indices and bolstering the optimism of multipurpose carriers, analysts say.
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CIRB ruling means Canadian rail strike could happen on Aug. 22
A potential strike by Canada’s two railroads, while an “inconvenience,” would not pose an “immediate and serious danger” to the public, the Canadian Industrial
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