American Airlines misses out on cargo’s fourth-quarter bounce

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…

Mexico aims to compete with Panama Canal by using cargo trains

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…

DroneUp latest firm approved to fly drones beyond line of sight

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…