Columbus, Ohio’s Rickenbacker International Airport has surged in popularity among cargo carriers since the start of the pandemic. International carriers like Emirates and Cathay Pacific have become regular visitors to Rickenbacker carrying personal protective equipment from Asia. Cargo flying has proven to be more lucrative than flying passengers, with the […]
Passenger airlines are hurriedly saying goodbye to the Boeing 747 but the jet still has a long life ahead of it in the cargo realm. Cargo airlines that value its abundance of storage space will keep the plane flying for at least another 20 years once the last model is […]
Boeing’s 747-400LCF Dreamlifter has flown its first COVID-19 airlift mission, flying 1.5 million medical face masks from Hong Kong to South Carolina. The Dreamlifter is one of the largest cargo planes flying thanks to its oversized fuselage, built to aid 787 Dreamliner production and part transport. Four of the modified […]
Amtrak‘s inspector general estimates that the railroad could save more than $US40 million annually by increasing on-time performance. Many of those rampant delays, however, are caused by the freight railroads responsible for most of Amtrak’s service. Still, Amtrak expects to be profitable by 2021, its CEO has said. There’s plenty […]
CSX reported second-quarter results on Tuesday that missed Wall Street’s expectations on both top and bottom lines. The freight railroad also slashed its forecast for the coming year, citing President Donald Trump’s ongoing trade war with multiple countries. “The present economic backdrop is one of the most puzzling I have […]
The world’s largest shipping company estimated global container trade grew 1.7% in the first quarter, down from 3.6% in 2018. AP Moller-Maersk warned the recent escalation of the trade war could push growth in global container trade to the lower end of its forecast of 1% to 3% for 2019. […]
Amazon launched a trial version of its online freight brokerage platform on Friday and undercut market prices by as much as a third, according to FreightWaves. The e-commerce giant has decided to cut out the middle man and act as a broker between shippers and truckers, giving it more control […]
Freight forwarder Flexport is now valued at $US3.2 billion. That’s after a $US1 billion investment round led by the SoftBankVision Fund. Founded in 2013, Flexport is already the 11th-largest freight forwarder in the world by ocean volume on the world’s largest shipping lane, the Transpacific Eastbound. Flexport has driven big-name […]
As retailers plan for President Donald Trump’s tariffs against Chinese goods, a deluge of shipments from China are filling West Coast ports to an “unprecendented” level. “Warehouses across the region have all but reached capacity,” according to third-party logistics firm MIQ Logistics. The West Coast ports are hectic now, but […]
The trucking industry is expected to be disrupted by driverless technology in the coming decades. There are 1.8 milliontruck drivers in the US. While tech companies are keen on saying that all of those drivers will be replaced by autonomous technology, transportation analysts disagree. When I tell people I cover […]
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