Cargo

Yemen’s Houthi rebels have attacked a British cargo ship and shot down a U.S. drone, further escalating tensions in the region. What Happened: The Houthi rebels, who are backed by Iran, claimed responsibility for the attack on the British cargo ship and the downing of the American drone,...

Although it went almost undetected by the market, some astute investors may have caught up on a specific detail in the latest Fed Beige Book. The contacts through which each Federal Reserve department receives information on the condition of the economy have indicated the presence of a "...

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) might not capture the most headlines among financial media outlets, but over the past five years, the firm has captured epic gains for investors. Since February 2017, ZIM stock’s five-year return has outperformed several of the world’s...

The Port of New Orleans reported 140,391 total tons of breakbulk cargo during June, a 22% year-over-year increase from June 2020. Breakbulk shipments to the port included steel coils and heavy-lift/project cargo. On June 10, the port discharged 300 steel coils to a barge at Coastal Cargo...

"If I had a nickel for every time I heard …" Add "record." "If I had a nickel for every time I heard the word record associated with a U.S. port's monthly volume … ." U.S. ports continue to rake in a lot of nickels while they break record after record as consumers keep dropping dollars on...

Ground service providers drowning in shipments delivered by airlines are responding to massive gridlock at Chicago O'Hare by permanently relocating some warehouse operations outside the property  to increase capacity in what could increasingly become a model at major U.S. airports that haven't...

U.S. Customs and Border Protection (CBP) plans to spend $46 million to upgrade technology to improve rail cargo inspections at 12 points of entry by the Canadian and Mexican borders. CBP says it will replace aging rail scanner systems with new high-energy rail scanners that can generate high-...

South Carolina Ports reported a record April for cargo handled at the Port of Charleston. The South Carolina Ports Authority said it moved 225,137 twenty-foot equivalent units (TEUs) across the Wando Welch, North Charleston and Hugh K. Leatherman terminals, a 27.8% year-over-year increase.  The...

Lufthansa Cargo next year will cover its fleet of Boeing 777 freighters with a high-tech coating that mimics the structure of a shark's skin to reduce aerodynamic drag and fuel consumption, the company said Monday. The low-friction film consists of riblets measuring about 50 micrometers that...

United Airlines (NASDAQ: UAL) increased cargo revenue by 74% in the first quarter compared to the same period in 2019, and officials expressed optimism about a near-term return to profitability despite an adjusted net loss of $2.4 billion as vaccinated customers rush to travel again after a year of...

LATAM Cargo, South America's largest freighter operator, has started a weekly flight between Miami and the Florianopolis airport in southern Brazil. The airline said it has the only all-cargo flight tying North America with consumers in Santa Catarina that seek automotive parts, metals, food,...

Cathay Pacific, the fifth largest cargo airline in the world in terms of shipment volume, is reshuffling its cargo team as it looks to capture more business during a period of anemic passenger travel because of the coronavirus pandemic. The Hong Kong airline is running its freighter fleet full...

Governments are deploying cargo planes loaded with humanitarian aid following Tuesday's massive explosion at the Port of Beirut, which Lebanese officials say killed at least 137 and wounded more than 5,000. A plane donated by the government of the United Arab Emirates arrived Wednesday with 20...

The U.S. Customs Operations Office recently seized a large shipment of marijuana that was concealed as broccoli at the border of Texas and Mexico. The total shipment is believed to be valued at more than $630,000. The pot was discovered on Saturday, May 16 at an international bridge in Pharr, Texas...