News Articles
CSX launches double-stack rail service at the Port of Baltimore.
CSX locomotives have started transporting double-stacked shipping containers from the Port of Baltimore, a long-awaited development hailed by state and railroad leaders. CSX President Joe Hinrichs cal
Read MoreHow Kuehne+Nagel is directly addressing supply chain disruptions in the GCC region.
Kuehne+Nagel reported robust third-quarter results for 2024, with a net turnover of CHF 18.0 billion and EBIT of CHF 1.2 billion, largely attributed to increased demand for flexible logistics amid sup
Read MoreIAG's cargo revenue for Q3 2024 increased by 16%, with tonnage rising by 8%.
International Airlines Group (IAG) reported a 16% rise in cargo revenue for Q3 2024, totaling €304 million, compared to €263 million in Q3 2023. Tonnage sold increased 8% to 157,000 tonnes, with cargo
Read MoreAir France-KLM Group's cargo revenue remained unchanged in the third quarter.
Air France-KLM Group reported stable cargo revenue of €561 million for Q3 2024, with a 3.5% increase in tonnage to 226,000 tonnes. The overall revenue rose 4% to €9 billion, while net income fell 13%
Read MoreEFW and MRO Japan have entered into a contract for the conversion of A320P2F and A321P2F aircraft.
Elbe Flugzeugwerke GmbH (EFW) has partnered with MRO Japan (MJP) to establish MJP as Japan's first passenger-to-freighter (P2F) conversion site for new-generation Airbus narrowbody aircraft. MJP will
Read MoreThe Federal Reserve announces a 0.5% interest rate reduction, aligning with the cut implemented in September.
The Federal Reserve has enacted another rate cut, lowering the federal funds rate by 0.25% to a range of 4.5%-to-4.75%, following a previous 0.5% reduction in September. This is the first rate cut in
Read MoreAccording to a report from the AAR, U.S. rail carload and intermodal volumes experienced year-over-year increases for the week ending November 2.
For the week ending November 2, U.S. rail carload and intermodal volumes reported annual increases, according to the Association of American Railroads (AAR). Rail carloads reached 228,635, marking a 1
Read MoreMotive's 'Holiday Outlook Report' examines important challenges and opportunities related to freight.
The "Motive Holiday Outlook Report" from Motive, an AI-based fleet management firm, examines trends affecting the freight transportation market ahead of the holiday season. It highlights retailers shi
Read MorePort Tracker indicates that high levels of imports heading to the U.S. are likely to continue through the end of the year.
U.S. imports are projected to rise even more than anticipated by the end of 2024, influenced by potential strikes at East and Gulf Coast ports and expected tariff actions following Donald Trump's retu
Read MoreEmirates announces unprecedented half-year results for 2024-25.
The Emirates Group reported a record half-year profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first half of 2024-25, reflecting strong customer demand and a revenue increase to AED 70
Read More