Tag: Red Sea

Expeditors today reported $9.3 billion in revenue for 2023, a decrease of 46% year over year.  THE BIG PICTURE: Like ...

Dubai-based air and travel services provider dnata has announced a 48-hour import embargo on general cargo in Dubai beginning tonight ...

2024 finds the air cargo industry caught in a precarious midair maneuver. A projected global growth of 2.6% year over ...

C.H. Robinson reported $17.6 billion in 2023 revenue, down 28.7% year over year, which the freight forwarder primarily attributes to ...

Global air cargo volumes rose 10% year over year in January, likely spurred by shippers’ concerns over violence in the ...

Air cargo demand rebounded in the fourth quarter of 2023 despite economic uncertainties, leaving 2023’s full-year demand slightly below those ...

The macroenvironment continued to impact UPS’ international services, resulting in volume shifts from air to ground in the fourth quarter. ...

Despite analysts predicting rising airfreight rates resulting from the crisis in the Red Sea, the numbers are not bearing that ...

As ocean freight rates continue to surge — above 235% in some trade lanes — since mid-December when the Red ...

Retailers are beginning to turn to air to move their cargo, pulling back from sea transport amid the ongoing attacks ...

As drought conditions continue to affect the Panama Canal and more than 120 container ships reroute from the Red Sea ...