Truckload carrier Marten Transport saw its fourth-quarter net income decline by more than half from the corresponding quarter of 2022. The financial report reflected about what one would expect from a truckload carrier in the middle of a freight recession. Revenue was down across the board at the company. At Marten’s Truckload division, operating revenue…
American Airlines (NASDAQ: AAL), unlike its peers, didn’t experience a bump in cargo business during the peak shipping season that ended in mid-December. Cargo revenue was $199 million during the fourth quarter, a 24.2% decline from the same period in 2022, the Fort Worth, Texas-based carrier said in its earnings report released Thursday. The sales…
With drought at the Panama Canal and conflicts in the Red Sea and other global shipping lanes disrupting trade, officials in Mexico predict a golden opportunity for the country’s $2.8 billion Isthmus of Tehuantepec’s Interoceanic Corridor (CIIT) project. The initiative is converting the isthmus in southern Mexico, which represents the shortest distance between the Gulf…
This story originally appeared on Flyingmag.com. Longtime Walmart partner DroneUp has joined a select group of drone delivery firms with expanded permissions from the Federal Aviation Administration. The drone delivery and logistics company announced Jan. 18 that the regulator has approved it for flight beyond the visual line of sight (BVLOS) of the operator, making…
It’s no secret that COVID had an enormous economic impact in 2020 and the years succeeding, especially on the logistics industry. 2020 saw carriers bursting at the seams and shipping rates higher than ever, creating a favorable market for carriers. As shipping volumes and COVID-induced spikes started to decline, however, carriers were left with a…