Ocean freight rates have recently shown a slight decrease, signaling a modest cooling in the global shipping market. Despite this reduction, prices persist at significantly elevated levels. These curr
by MPV Owners Retain Aging Fleets Amidst Strong Market Conditions
Multipurpose vessel (MPV) owners are actively choosing to keep their older ships in service, resisting the traditional practice of scrapping. This decision stems directly from the current strength and
by Freightos Founder Urges Strategic Reassessment
Zvi Schreiber, the founder and former CEO of Freightos, has publicly challenged the company’s current strategic direction. He actively advocates for substantial changes within the organization. Schrei
by US Imports Poised for September Surge
United States retailers anticipate September will become the year’s busiest month for imports. This projection comes from the National Retail Federation (NRF), signaling a strong finish to the peak sh
by Tung Chee-hwa, Former OOCL Head, Dies at 89
Tung Chee-hwa, the respected former head of Orient Overseas Container Line (OOCL), has passed away at the age of 89. His death marks the end of a significant chapter in global maritime commerce, refle
by Update: Miami airport sees limited air cargo disruption after Amazon crash
Title: Miami Air Cargo Navigates Post-Crash Runway Constraints
Update: Miami airport sees limited air cargo disruption after Amazon crash Miami International Airport experienced a deadly aircraft cras
by Update: Boston Scientific begins to restore shipping after cyberattack
Title: Boston Scientific Restores Shipping Following Cyberattack Disruptions
Update: Boston Scientific begins to restore shipping after cyberattack Medical technology firm Boston Scientific is initiat
by Amazon Projects Major Internal Delivery Expansion
Amazon reportedly anticipates a substantial decrease in its dependence on third-party carriers like USPS and UPS for package delivery. The e-commerce giant projects it will manage over 86% of its own
by Update: MIA sees limited air cargo disruption after Amazon crash
Title: Miami Airport Cargo Operations Continue After Fatal Crash
Update: MIA sees limited air cargo disruption after Amazon crash Miami International Airport (MIA) reports limited disruption to its ai
by La-Z-Boy Bolsters Operations with $23 Million Missouri Investment
Furniture manufacturer La-Z-Boy announced a significant capital investment in Missouri. The company plans to allocate $23 million towards expanding its manufacturing operations and establishing a new