More Cargo Chaos Looms As Carriers Slash Ocean Services

The Kapalama Container Terminal project at Honolulu Harbor stands to benefit both of Hawaii’s primary ocean cargo carriers, Matson and Pasha Hawaii, according to Hawaii Shippers Council President Michael Hansen. KCT recently entered Phase 2 of a si.....»»

Container shipping companies including Maersk Line, MSC and others continue to "blank" (cancel) transoceanic sailings to bring vessel capacity in line with pandemic-stricken cargo demand. read more.....»»

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support......»»

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers $58 billion in aid, including payroll support......»»

The initial assessment of the coronavirus effect on ocean shipping was: It will slash Chinese exports of containerized, factory-made goods and read more.....»»

The downturn in U.S.-China trade is forcing ocean carriers to cancel a growing number of weekly sailings in the trans-Pacific trade lane, according to a container shipping expert. The cancellations point to a longer re.....»»

For the second time in four months, unionized pilots flying for cargo airlines Atlas Air Worldwide Holdings (NASDAQ: AAWW), its Southern Air unit, and ABX Air, a unit of Air Transport Services Group (NASDAQ: ATSG), desc read more.....»»

A five-month drought in Panama has reduced freight carrying capacity of the country's canal of ocean carriers by nearly one-fifth. It's also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. read more.....»»

Learn more about Port Canaveral's role in the growing space program, its plans to increase capacity for cruises and cargo and how it plans to improve the travel experience for the 61 million or so passengers It services every year......»»

Cargo carriers flying the e-commerce industry's packages prefer converted aircraft since they're cheaper t.....»»

Securities and Exchange Commission Chairman Gary Gensler, sworn in last month as the top markets watchdog, will testify before the House Financial Services Committee......»»

Seven giant carriers of liquefied natural gas appear to have decided to change course away from the canal. One of these ships, chartered by Royal Dutch Shell, had picked up a cargo of gas at Sabine Pass......»»

Her company and its foundation are committed to supporting organizations that focus on education, arts and culture, human and health services, and community service......»»

The Florida company provides maintenance, repair and overhaul (MRO) services for aircraft engines worldwide, primarily for air cargo companies and the military......»»

Freight gridlock at Shanghai Pudong International Airport is so bad that some cargo planes are being forced to leave nearly empty and logistics companies are recommending ocean transportation as a faster option.  read more.....»»

Sun Country Airlines Sun Country Airlines CEO Jude Bricker recently partnered with Amazon to begin cargo flying under the Amazon Air brand. The partnership was announced in Decem.....»»

It's much better to be a cargo than a passenger airline these days. The former has seen demand shoot through the roof; the latter's business has fallen off a cliff. Air Transport Services Group, Inc. (NASDAQ: ATSG) delivered first-quarter ope.....»»

The U.S. Department of Transportation has allowed certain smaller airline carriers to suspend services to some cities......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The world's oil spigot cannot be turned off fast enough, and petroleum no one needs is now pouring into tanker cargo holds like rainwater into buckets under a leaky roof. read more.....»»