Archive for August 2023

OCEAN FREIGHT UPDATES HMM sale – Hapag-Lloyd frozen out of second-round bidding theloadstar.com South Korean authorities have excluded Hapag-Lloyd from the second round of bidding to acquire flagship carrier HMM. Reports claim the creditor banks involved in the sale of HMM, […]

AIR FREIGHT UPDATES Frankfurt Airport Flooded And Flights Canceled As Thunderstorm Rolls Through simpleflying.com Frankfurt Airport had to curtail operations as heavy rain lashed the city on Wednesday. Dozens of flights were canceled, and there were instances of passengers unable […]

AIR FREIGHT UPDATES Air Canada Cargo revenue drops nearly 25% in Q2 aircargonews.net Air Canada’s cargo business saw second-quarter operating revenues drop 24% year over year. Operating revenues for Air Canada Cargo in the three months ended June 30 were […]

AIR FREIGHT UPDATES TSA announces expansion of Certified Cargo Screening Program for manufacturers and shippers tsa.gov WASHINGTON —The Transportation Security Administration (TSA) announced changes to the Certified Cargo Screening Program that will enable more shippers to enter the secure supply […]

AIR FREIGHT UPDATES Japanese Airlines Cancel Flights As Typhoon Lan Approaches simplflying.com Japan is gearing up to embrace yet another typhoon this week, Typhoon Lan. Airlines in and out of Japan are canceling flights in anticipation. Typhoon Lan is following […]

OCEAN FREIGHT UPDATES Port of Halifax Operational Update ciffa.com Following the reopening of the CN rail line on July 28, CN rail car supply to the port has been strong. Since last week’s update, rail car production was approximately 66,000 […]

AIR FREIGHT UPDATES Mexico’s Navy To Take Control Of Mexico City International Airport In 60 Days simpleflying.com Mexico City International Airport (MEX) is set to undergo a change in management, transitioning to the hands of the country’s Navy. President Andrés […]

AIR FREIGHT UPDATES Air freighter conversion rate holding steady, but there is a ‘risk of oversupply’ theloadstar.com Aircraft passenger-to-freighter (P2F) conversions are continuing at a stable rate, but experts are keeping tabs on a potential oversupply scenario. The latest freighter […]

AIR FREIGHT UPDATES Disrupting the cargo business model aircargonews.net As the COVID-19 pandemic decimated most industries, including commercial air travel, its fraternal twin air cargo surged in activity and profitability. This was a boon for airports (including Pittsburgh) that saw […]

OCEAN FREIGHT UPDATES Sinking rates and new capacity create crashing waves in box line financials theloadstar.com The deluge of new containership deliveries continues, the extra capacity driving down freight rates and prompting carriers to improvise new strategies as they face […]