Charter rates for containerships up to 6,500 twenty-foot equivalent units are on a roll as a rush of new liner services injects a further boost to an already dynamic market, Alphaliner reported.
Air France-KLM Cargo remains mired in the red with the first-quarter operating loss almost doubling to 63 million euros ($70.6 million) from 34 million euros a year ago as the carrier rushes to...
IAG Cargo posted lower revenue and reduced volumes in the first quarter as the carrier continued to feel the impact of its exit from freighter operations.
Cargolux’s net profit was squeezed to $3 million in 2014 from $8.4 million in 2013 by a $40 million impairment on its 747-400 freighter fleet and a provision for potential anti-trust fines.
Idle containership capacity had crept up to 345,000 20-foot equivalent units, or 1.8 percent of the world fleet of vessels above 500 TEUs, as of April 20, Alphaliner reported.
CMA CGM has acquired a strategic stake in LCL Logistix, one of India’s leading freight forwarders and logistics firms.
Greek shipowner Costamare and York Capital Management, a U.S. equity fund, are considering extending the life of their investment joint venture that has already spent more than $1 billion on new and...
Lufthansa Cargo says it is delaying the construction of a new freight center at its Frankfurt hub “by at least two years.”
APM Terminals said all truck drivers entering its facilities from the end of 2016 must remain in their vehicles as part of a companywide project designed to eliminate one of the top five causes of...
Danaos, the leading Greek container ship-owner, more than tripled its earnings in the first quarter and forecast further gains for the rest of the year.
TNT Express posted an operating loss and shrunken comparable revenue in the first quarter, warning that it faced tough times in the run-up to its planned acquisition by larger U.S. rival FedEx in...
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