FW: Proxy adviser on Norfolk Southern: overhaul board but keep CEO Shaw
FREIGHTWAVES reports: Norfolk Southern’s management has taken a second hit this week from an independent proxy advisory firm ...
FREIGHTWAVES reports:
Maersk Air Cargo has parked several leased cargo jets and dialed back flight activity in response to deteriorating demand in the airfreight market. And a planned route between China and the U.S. is on hold because adding new capacity doesn’t make economic sense.
CMA CGM, another ocean carrier that now has an all-cargo airline, recently resumed service between Europe and the U.S. that had been temporarily suspended late last year, demonstrating that carriers respond differently to different regional conditions and corporate priorities.
Only one of the three 767-300 freighters Maersk Air Cargo purchased directly from Boeing last year and outsourced to Miami-based Amerijet to operate between Asia and the U.S. is currently deployed in revenue service, according to flight tracking sites. Maersk acquired the factory-built planes as part of its strategic shift to directly serve importers with a fully integrated supply chain experience rather than simply providing commoditized port-to-port service…
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