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With railroads not able to meet the December 2015 compliance deadline for positive train control, an extension is needed, according a letter sent to every member of the House Transportation and Infrastructure Committee this week.
Cathay Pacific Cargo and Emirates SkyCargo announced they will both add one additional flight to Ohio's cargo-dedicated Rickenbacker International Airport in October.
DHL Global Forwarding said the primary reason for opening its new center in Mörfelden-Walldorf, Germany was that it needed a larger facility near Frankfurt to handle growth in temperature-controlled airfreight.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."
Capacity growth was relatively stagnant across the three major east-west trades in the third quarter of 2015, as slowing global trade and an economic recession in China caused volumes to remain weak even during the summer peak shipping season.