Wall Street sours on ATSG freighter spend during cargo slowdown

Cargo-focused Air Transport Services Group blamed disappointing first-quarter results on slower business at its charter passenger airline Omni Air and warned that persistent inflation, which is driving up costs for maintenance and travel for flight crews shuttling between assignments, would dampen expected profits for the year. On the positive side, utilization of the cargo fleet…

Borderlands: AI’s rising impact on cross-border trade focus of new report

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: AI’s rising impact on cross-border trade focus of new report; Mexican authorities recorded 142 tractor-trailer thefts in April; Texas logistics firm opens Phoenix location; and South Texas college launching CDL program. AI’s rising impact on cross-border…

Flatbed keeps riding post-pandemic wave

Chart of the Week: Outbound Tender Reject Index for dry van, refrigerated, and flatbed – USA SONAR: VOTRI.USA, ROTRI.USA, FOTRI.USA Flatbed capacity continues to be challenging to source over a year after the truckload market collapsed for dry van and refrigerated freight. Tender rejection rates, the percentage of loads carriers are unable to cover for their customers, have…

What will happen if Russia blocks Black Sea grain ships?

Russia is threatening to pull the plug on the Black Sea Grain Initiative on May 18, blocking Ukrainian seaborne exports of corn and wheat. The European Union has banned Ukrainian agriculture exports to neighboring Romania, Bulgaria, Poland, Hungary and Slovakia until June 5, with an extension through year-end possible. The Tolyatti-Odessa pipeline, a key conduit…