Strong project cargo demand spurs MPV fleet expansion
Two carriers have taken advantage of favorable market fundamentals that pair a rapidly aging fleet and a low order book.
Two carriers have taken advantage of favorable market fundamentals that pair a rapidly aging fleet and a low order book.
Following a July volume surge as US importers built inventory ahead of the sweeping US tariff rollout on Aug. 7, freighter airlines must now right-size capacity to match new demand levels.
The Chinese-Polish carrier won the rate-linked relief after US regulators had expressed initial concerns this spring about the Chinese government’s supposed control over the company.
But standing in the way of accelerated margin improvement is the volatile North American market to which the carrier is heavily exposed in logistics.
Shippers stand to benefit on lanes where both western US railroads are vying for market share.
The new rule, a second attempt at requiring the so-called ABC test for workers in the state, has drawn opposition from multiple groups, with port trucking among the affected industries.
Vincent Clerc said while the solid on-time performance levels had to be maintained before any commercial discussions would be held with customers, the time was coming.
Globalization is accelerating on the back of the commercial success of Chinese companies that are taking market share on the global stage, according to the Maersk CEO.
The spot and contract savings from domestic intermodal eroded in the second quarter compared with a year ago, while the fate of the third quarter depends largely on whether volume in Southern California keeps up to support peak season surcharges.
Equipped with automation technology, the facility is nearly twice the size of the company’s average distribution center.