Shippers put more pressure on ocean carriers for carbon-free services
A new alliance of major shippers is pushing ocean carriers to step up their efforts ...
Amazon is ready to buy nearly 10% of ATSG, as soon as ATSG has a stockholder meeting – or on July 8 – whichever is sooner. The e-tailer has the right to buy up to 19.99% over the next five years. Amazon had insisted on share ownership as part of its deal to wet lease 20 767Fs from ATSG. Once it owns 10%, it will have a seat on the aviation group’s board. At a cost of $69m (and a considerable discount from Friday’s price of $103m), ATSG will benefit from a good chunk of investment while Amazon buys itself a vantage point from which to learn the air freight business.
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
The 'mother of all BAFs' looms for shippers as green targets advance
Carriers turn their gaze back to scrubbers as voyage results tumble
First shipper uses new land-air corridor ex-India for Bangladesh exports
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
CMA CGM eyes car-carrier market boom as liners are ready to invest
DSV buys in Arizona to boost services and cross-border LatAm trade
Shippers advised to give strike-hit port of Hamburg a miss
The parcel empires strike back as smaller players take stock
Comment on this article