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Polish media highlights Azerbaijan’s growing role in Middle Corridor - azərtac
Polish media highlights Azerbaijan’s growing role in Middle Corridor azərtac
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Port of Long Beach set to handle record 10m teu this year
The Californian port of Long Beach is predicted to handle more than 10m teu this year, for the first time. “It’s been a peak year,” Port of Long Beach CEO Noel Hacegaba told The Loadstar on the sidelines of the World Ports Conference in London this week. “This could well be the first 10m teu year for us.” His comments…
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US importers should reconsider farming out customs paperwork, warns CargoTrans
US importers using ‘delivered duty-paid’ (DDP) shipping arrangements face increasing compliance and financial risks, as Customs and Border Protection (CBP) intensifies its scrutiny of foreign importers of record, according to CargoTrans. Nunzio De Filippis, co-CEO, and Rennie Alston, director of trade compliance, warn…
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Mærsk prints billions, but doesn’t build confidence
It was a strong quarter for all three units. (Stock market reaction: -11.6% in early trade.) So opened the Q3 26 call with analysts by AP Møller-Mærsk (APMM) CEO Vincent Clerc, whose prepared remarks went on, and on, and on, and on for well over 10 minutes. That did feel like a good hour of my life wasted again and th…
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Ocean the star as Maersk reports Q3 bump in revenue, but drop in volume
Maersk experienced a 27% year-on-year bump in its third-quarter revenues, hitting $18.1bn, buoyed by a sharp rise in container freight rates that more than offset a slight dip in volumes, prompting it to join ONE in revising its full-year outlook. While the Danish shipping and logistics group said revenue growth had b…
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‘Reminds me of Covid’: AI equipment chokes Taiwan’s air cargo gateway
Uncollected imports are clogging cargo warehouses at Taiwan Taoyuan Airport, tying up dollies and slowing aircraft unloading as equipment arrives to support the island’s AI and semiconductor industries, according to local forwarders. Seko Logistics has reported handling pressure affecting China Airlines, EVA Air, and …
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DHL’s growth broadening beyond Express – Global Forwarding sparkles
With the headline numbers pre-released three weeks ago, the full third-quarter report matters most for where DHL’s growth is coming from. Express still earns about 60% of group profit, but forwarding is winning air freight faster than its main rivals in a tight market, and Supply Chain’s new contracts are up 42% this …
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GXO Logistics – it’s all about margins, stupid!
Three months after a beat-and-hold quarter tested the market’s patience, GXO delivered what it called its fastest organic growth in more than three years, largely finished integrating Wincanton and stepped up buybacks. Premium y’day wondered ahead of trade: ‘Where is the joy?’ – well, the shares rose 9.5% on the day o…
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Continued congestion at ports puts pressure on intra-Asia box rates
Congestion at several ports continues to put upward pressure on intra-Asia container freight rates, despite improving conditions at major Chinese gateways and key transhipment hubs. The result is the Drewry Intra-Asia Container Index (IACI) is up by $46, to $1,504 per 40ft. Spot rates from Greater China to North-east,…
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KLM reshapes cargo handling as AI demand fuels growth
KLM plans to consolidate cargo handling at Schiphol to accommodate additional freight without hiring more staff, as AI supply chains and disruption to ocean shipping strengthen parent Air France-KLM’s cargo business. The changes form part of a wider restructuring, announced today, aimed at improving KLM’s finances and…
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Drewry: Red Sea Diversion Tracker Shows Significant Increase in Suez Canal Transits
With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Most Asia-Europe capacity now back via Suez During …
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Polish media highlights Azerbaijan’s growing role in Middle Corridor - AzerNews
Polish media highlights Azerbaijan’s growing role in Middle Corridor AzerNews
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Maersk lifts guidance again on high freight rates, resilient trade
Danish shipping giant Maersk upgraded its 2026 profit outlook for a third time on Thursday, as congested ports, resilient consumer demand and investments in artificial intellig...
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Lufthansa Cargo rides airfreight pricing power to stronger yields
Lufthansa Cargo increased its base yields by 14% year on year in the third quarter, with strong demand and constrained capacity supporting pricing power, even as Middle Eastern airlines restored services. Overall yields rose 22%, as the carrier also successfully passed-on higher fuel costs. Adjusted EBIT more than tri…
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ONE profits soar, thanks to surging rates and volumes
Ocean Network Express (ONE) has doubled its full-year profit forecasts to $2bn, after more than quadrupling its net profit for the three months to September, amid a surge in rates and volumes. Over the second quarter, July-October for the Singapore-based carrier, net profit hit $1.3bn, compared with just $285m, a year…
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Wave of feeder newbuilds could bring a chill to charter rates in 2027
Feeder containership charter rates could face downward pressure in 2027 as a wave of newbuild deliveries adds capacity to a market that has enjoyed strong earnings in 2026. Ship brokerage Intermodal research analyst Vasilis Fousekis noted that the time-charter rate for a 1,700 teu geared feeder had climbed to about $3…
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Transpacific the most profitable container trade by far, says Alphaliner
Carriers are earning up to $1.30 per nautical mile on spot shipments from China to the US west coast, making the transpacific by far the most lucrative major container trade. Alphaliner’s latest analysis of spot freight revenue per nautical mile highlights the growing gap between the transpacific and other major trade…
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Air cargo cashes in on AI boom – but who has the edge?
There is no shortage of companies enjoying the AI boom – from airports to airlines and forwarders, the latest airfreight trend is filling both aircraft and coffers – but companies are now trying to find a way to prove their competitive edge in the market, whether by handling, network, or capacity. Expeditors yesterday…
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Schneider picks Norfolk over CSX, you say?
The carrier is changing its primary eastern railroad after 18 years. It could reshape competition for domestic containers – but the volume CSX will lose remains undisclosed, and the UP–NS merger is still only a proposal. The biggest question in Schneider National’s new rail deal is also the one nobody has answered: ho…
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Infrastructure can’t cope with pace of pan-American air trade growth
Airport cargo infrastructure, as well as established ways of handling logistics, are being challenged by growing traffic. Airfreight capacity between Latin America and Canada is on the rise, courtesy of Air Canada (AC). Last month, the airline resumed service to Santiago and Lima, serving the Chilean capital with four…
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Lady Luck and the lifer: Dan Wall’s Expeditors is on a tear
Stock value at record $206.23 intraday post-interims. Quarterly revenue up 42%, operating profit up 55%. A freight market delivering disruption, scarcity, and an AI infrastructure boom. Expeditors’ new chief executive has produced extraordinary results – however, the real test may be what happens when the market stops…
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ENGINE: East of Suez Bunker Fuel Availability Outlook
Singapore and Malaysia Bunker fuel availability remains tight in Singapore, with delayed cargo arrivals and congestion at loading terminals continuing to constrain supply, a source said. VLSFO lead times are currently around 13-15 days. Last week, suppliers recommended lead times ranging from around 13 days at the ear…
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Upswing in domestic demand gives railfreight operators a revenue boost
Union Pacific led the way on the North American containerised rail freight front over the three months to October, amid all the noise surrounding its pending acquisition of Norfolk Southern – but it was not alone in enjoying a bountiful summer. In general, North American intermodal operators benefited from an upswing …
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Vote opens on controversial Port of LA workforce disclosure rules
Californians head for the polls today to decide on Charter Amendment PRT – a package of changes affecting Los Angeles’s airports, harbour, and Department of Water and Power, including new workforce disclosure requirements for leases at the port. The measure would require applicants for certain new Harbor Department le…
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Ecommerce growth leaves Latin America’s air cargo imbalance unresolved
Growing ecommerce imports are reshaping Latin America’s air cargo networks, but have yet to resolve the region’s directional imbalance, with LATAM Cargo reporting that declining industrial shipments are offsetting some of the gains. Speaking to The Loadstar at TIACA’s Air Cargo Forum in Miami last week, LATAM Cargo gr…
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Major liners set to resume all Asia-Europe services through Suez
All the mainline operators look set to resume Suez Canal transits for their Asia-North Europe and Asia-Mediterranean services. Taiwan’s Evergreen will join its Ocean Alliance partners in doing just that this week, while Yang Ming and South Korea’s HMM will join their Premier Alliance partners restarting Suez crossings…
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M&A down under: follow the money to see who hits the target
Bread-and-butter deal-making, typically in the $250m-$1bn range, is surging. As you may have noticed Yesterday, DeskOne highlighted another M&A trifecta coming our way, right after ‘Merger Week Delight: Scan + OIA; Boluda + Samskip; Contship + Tarros‘, from a few days ago. And the deal struck down under by US-based AI…
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Adani Ports bidding for Europe’s tank terminals – the test is whether it pays for returns or size
Adani Ports raised its guidance on growth that increasingly comes from outside India; walked away from Associated British Ports; has reportedly made a binding offer of about $3.3bn for European terminal operator EVOS; and has set up a company in Oman as the Port of Salalah prepares to change operator – with the US cas…
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Fears a strike at San Pedro Bay ports could worsen congestion
Concern is rising among cargo owners and logistics providers that a strike at the Los Angeles/Long Beach port complex could turbo-charge the congestion there. About 250 watchmen, who perform security-related duties at container terminals at the twin ports, are poised to walk off the job at 5pm Pacific time on Wednesda…
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$128bn tariff refunds – the money has moved, yet not everyone has been paid
Customs says it has certified $127.7 billion in unlawful emergency-duty refunds. Court records reveal an impressive processing system, a nearly $1 billion banking-information bottleneck and a legal divide that still leaves some importers waiting. The United States has built a remarkably efficient machine for returning…