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02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/17/2022
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By Belle Carter
LA Port’s October imports drop 28% year-over-year as labor negotiations drag on
The Port of Los Angeles has reported that its total throughput in October was 678,429 20-foot equivalent units (TEUs), almost 25 percent less compared to the same month last year. Meanwhile, imports totaled 336,307 TEUs – down 28 percent year-over-year. The biggest drag was from incoming cargo that has shifted to the East and Gulf […]
11/03/2022
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By Belle Carter
Freight companies expect “muted peak season” due to waning retailer demand
Freight companies are now preparing for what executives are calling a “muted peak season” as diminishing shipping demand from overstocked retailers ripples across the country’s shipping markets. According to the Wall Street Journal (WSJ), the changes are cascading across freight operations, cutting into inbound shipping volumes and bringing fewer goods onto the roads. “The fourth […]
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