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Looking Up: Airfreight Demand Takes Off in 2024

Demand for global air cargo traffic continues to increase amid 颅e-commerce growth and ocean shipping constraints, driving prices higher as carriers and airports seek new efficiencies to maximize capacity.

November 1, 2024
BusinessLogisticsGlobal FreightTop 100Top 50

Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge

鈥淎s we get into the holiday season, we鈥檙e excited about what we have in store for customers,鈥 CEO Andy Jassy said in a statement.

October 31, 2024
BusinessLogisticsGlobal FreightTop 100

DSV Secures $5.4 Billion in Bonds for DB Schenker Deal

The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.

October 30, 2024
BusinessLogisticsFor-HireGlobal FreightTCA

Anchorage鈥檚 International Airport Adds 5 Carriers

The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.

October 25, 2024
BusinessLogisticsGlobal FreightTCA

German Shipping Giant Hapag-Lloyd Posts Higher Profits

HAMBURG, Germany 鈥 The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

October 25, 2024
BusinessGlobal Freight

SF Express Is Said to Target Second Listing in Hong Kong

SF Holding Co., China鈥檚 biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion.

October 24, 2024
BusinessLogisticsGlobal Freight

DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

October 23, 2024
BusinessLogisticsFor-HirePrivateGlobal Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that鈥檚 intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
BusinessTechnologyLogisticsFor-HirePrivateGlobal Freight

Consumers Switch to Slower Shipping, Squeezing UPS, FedEx

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

October 17, 2024
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon, Google Make Dueling Nuclear Investments

Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.

October 16, 2024