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Published on Nov 6, 2024

Moment backpack flies into plane propeller from cargo hold sparking emergency landing

Video LoadingVideo Unavailable The video will auto-play soon8CancelPlay now Moment backpack flies into plane propeller from cargo hold A backpack from a plane's hold was pulled into its propeller, forcing the pilot to make a scary emergency landing. A …

Source: Daily Mirror - Left-wing
Published on Nov 6, 2024

Swissport opens new cargo facility at London Heathrow

Air cargo handling service provider Swissport has opened a new facility at London Heathrow Airport (LHR) in response to a 17% increase in cargo tonnage this year driven, largely by e-commerce imports. The new facility will enable Swissport to support its …

Source: Parcel and Postal Technology International - Neutral
Published on Nov 6, 2024

East West Freight Carriers Ltd Enters Into Service Contract with Columbia Transport S.R.L. Italy

East West Freight Carriers Limited has entered into service contract with one of the reputed International freight forwarder, Columbia Transport S.R.L., Italy. Columbia Transport 5.R.L. Italy is a full service international freight forwarder, specializing …

Source: Equity Bulls - Neutral
Published on Nov 6, 2024

Fighting freight fraud: A playbook to combat holiday theft

With holiday shipping ramping up, freight fraud is top concern for players across the industry. While companies fight all types of fraud throughout the year, strategic theft and straight theft are particularly prevalent in today’s market. Cargo theft …

Source: FreightWaves - Label Pending
Published on Nov 6, 2024

Air cargo demand remains on course for double-digit growth in 2024

Dive Brief: October air cargo demand remained healthy, up 11% year over year, despite a flow of frequent and diverse disruptions throughout the year, according to an Oct. 31 report from Xeneta. Last month’s market stability “shows the prep work has paid …

Source: Supply Chain Dive - Label Pending
Published on Nov 6, 2024

Railways eyes double-decker cargo liners and Vande cargo trains for faster, greener freight

Indian Railways is working on a set of cargo liners — a first in the country — that would be based on the belly freight concept. These double-decker trains will have seats for passengers in an executive upper deck; while there will be a cargo storage …

Source: The Hindu Business Line - Neutral
Published on Nov 6, 2024

Trump presidency 2.0 will likely disrupt container shipping industry

Donald Trump’s victory in the US 2024 presidential election is a ‘step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates, according to ocean and air freight rate benchmarking and …

Source: Offshore Energy - Neutral
Published on Nov 6, 2024

Election 2024: US lawmakers who support initiatives to fight freight fraud

Over the past few years, growing threats in the freight and retail sectors prompted lawmakers to propose legislation targeting freight fraud and organized retail crime. With increased incidents of organized theft along supply chain routes and …

Source: FreightWaves - Label Pending
Published on 02:16 GMT

Govt to auction or send back polluted cargo: minister

ISLAMABAD: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh revealed on Wednesday that thousands of tonnes of cargo were dumped at Karachi Port, saying the government was planning to either auction or send back polluted cargo to its originated …

Source: Business Recorder - Neutral
Published on 03:15 GMT

Nigeria exports 40,000 containers of soybean, sesame – Shipping firm

Mediterranean Shipping Company has said that within the last 12 months, Nigeria exported over 40,000 twenty-feet equivalent units of containers to different parts of the world. The shipping company added that the majority of the exported items were …

Source: Punch - Uncategorized
Published on Nov 6, 2024

Lufthansa Cargo renews China partnerships

Lufthansa Cargo has renewed partnership agreements with Shanghai Airport Authority, Air China Cargo and China Postal Express & Logistics as it increases its focus on the country. The cargo airline said that the new partnerships are in response to the “ …

Source: Air Cargo News - Label Pending
Published on Nov 6, 2024

Following the landing of four cargo planes in Kharab Al-Jeir | “International Coalition” forces bring military ...

Al-Hasakah province: The “International Coalition” Forces brought military reinforcements comprising 20 trucks carrying military, logistic and medical materials, weapons and air defence batteries from the base in Kharab Al-Jeir Airport towards Qasrik base …

Source: Syrian Observatory for Human Rights - Label Pending
Published on Nov 6, 2024

Corman Railroad putting $12M freight transfer facility in Frankfort

FRANKFORT, Ky. — R.J. Corman Railroad Group held a groundbreaking ceremony for a $12.3 million Bluegrass Multimodal Freight Improvement Project on Wednesday, November 6, at the site of the company’s new rail yard in Frankfort. It is the beginning of a …

Source: The Lane Report - Kentucky - Neutral
Published on Nov 6, 2024

Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets / Xeneta

Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates. Trump has vowed blanket tariffs of up to 20% on all imports into …

Source: American Journal of Transportation - Neutral
Published on 03:07 GMT

South Korea’s Yoon, Trump discuss security ties, shipbuilding, Seoul official says

SEOUL - South Korean President Yoon Suk Yeol held a telephone call with US President-elect Donald Trump and discussed continuing close ties across all areas in security and economic fields, a senior South Korean official said on Nov 7. Mr Yoon and Trump …

Source: The Straits Times - Pro-Government
Published on Nov 6, 2024

President of Newport News Shipbuilding to retire at the end of the year

HII's board of directors has elected Kari Wilkinson, current president of HII's Ingalls Shipbuilding Division, to succeed Jennifer Boykin as president of NNS. NEWPORT NEWS, Va. — Jennifer Boykin, the current president of Newport News Shipbuilding ( …

Source: WVEC - Virginia - Label Pending
Published on Nov 6, 2024

Lufthansa Cargo bolsters China partnerships as trade grows

The cargo subsidiary of Lufthansa Group is doubling down on activity in China to capitalize on the country’s growing dominance as an airfreight center for European trade thanks to a recent boom in e-commerce exports combined with its traditional role as …

Source: FreightWaves - Neutral
Published on Nov 6, 2024

Alabama’s Port’s Modernization Project to Boost Gulf Shipping

The Alabama Port Authority has begun the final phase of its six-stage Mobile Harbor Modernization Project, which started in May 2021 and is expected to wrap up in the first half of next year. Once completed, the Port of Mobile will become the deepest port …

Source: Supply Chain 24/7 - Label Pending
Published on Nov 6, 2024

HII’s Wilkinson to take over as Newport News Shipbuilding chief in 2025; Boykin to retire

A part of CVN-80’s aft is held in place by Newport News Shipbuilding’s towering crane, nicknamed “Big Blue.” PARIS — American shipbuilding giant HII announced today that Kari Wilkinson will take the reigns at the company’s Newport News shipyard next year, …

Source: Breaking Defense - Neutral

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Published on November 6, 2024 - 21:30 GMT

Genco Shipping & Trading Limited Announces Q3 2024 Financial Results

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial …

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Published on November 6, 2024 - 13:35 GMT

HII Names Kari Wilkinson to Lead Newport News Shipbuilding

NEWPORT NEWS, Va., Nov. 06, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII), the nation’s largest military shipbuilder, announced today that its Board of Directors has elected Kari Wilkinson to serve as president of the company’s Newport News Shipbuilding (NNS) …

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Published on November 6, 2024 - 15:09 GMT

The Global Boat Davits Market Size Reach USD 615.10 Million by 2031 Growing at a CAGR of 6.1%

Increase in international marine freight transport and increase in marine safety norms are anticipated to boost the growth of the global boat davits market WILMINGTON, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- According to a new …

Distribution channels: Automotive Industry, Travel & Tourism Industry ...
Published on November 6, 2024 - 22:00 GMT

NFI announces third quarter 2024 results

Record backlog of $12 billion with significant year-over-year improvement in gross margin and Adjusted EBITDA2 All figures quoted in U.S. dollars unless otherwise noted. Comparisons are to 2023 Q3 results: 2024 Q3 revenue of $711 million; 994 equivalent …

Distribution channels: Automotive Industry, Business & Economy ...

Published on November 5, 2024 - 21:05 GMT

CARGO Therapeutics to Participate in Upcoming Investor Conferences

SAN CARLOS, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- CARGO Therapeutics, Inc. (NASDAQ: CRGX), a clinical-stage biotechnology company positioned to advance next generation, potentially curative cell therapies for cancer patients, today announced that the …

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Published on November 5, 2024 - 14:23 GMT

CARGO Therapeutics Announces ASH 2024 Abstract on CRG-023, a Tri-specific CAR T, Highlighting Innovative Construct ...

- CRG-023 is a CD19-, CD20-, CD22-targeting tri-specific CAR T product candidate designed with the goal of providing more patients with a broad range of B-cell malignancies with durable responses by addressing several known causes of relapse, resulting in …

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Published on November 4, 2024 - 12:00 GMT

Cargo Drones Market Growing at a CAGR of 38.1% from 2023 to 2032, to Hit USD 16.9 Billion by 2032

The cargo drones market was valued at $0.68 billion in 2022, and is estimated to reach $16.9 billion by 2032, growing at a CAGR of 38.1% from 2023 to 2032. WILMINGTON, DE, UNITED STATES, November 4, 2024 /⁨EINPresswire.com⁩/ -- Allied Market …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on November 4, 2024 - 13:23 GMT

Reefer Container Market Set to Achieve US$ 19.8 Billion by 2032 | CMA CGM Group, MSC Mediterranean Shipping Company S.A.

Expansion of international trade and growing demand for fresh and frozen food drive the growth of the reefer container market. WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 4, 2024 /⁨EINPresswire.com⁩/ -- The global 𝐑𝐞𝐞𝐟𝐞𝐫 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 …

Distribution channels: Automotive Industry, Shipping, Storage & Logistics ...

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Published on November 6, 2024 - 18:04 GMT

FHI Expands in Savannah with New Office and Ribbon-Cutting Ceremony

FUQUAY-VARINA, NC, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- FHI, a premier provider of labor solutions for warehouse operations, is excited to announce the grand opening of its newest office and training facility in Savannah, Georgia …

Distribution channels: Shipping, Storage & Logistics ...
Published on November 6, 2024 - 17:06 GMT

FedEx Drives Global Economic Impact, Investing in Sustainable Infrastructure and EVs in Africa

FedEx delivered an estimated $280 million in indirect impact to the Middle East, Indian Subcontinent and Africa region’s overall economy in FY 2024. JOHANNESBURG, GAUTENG, SOUTH AFRICA, November 6, 2024 /⁨EINPresswire.com⁩/ -- FedEx Corp. (NYSE: …

Distribution channels: Business & Economy, Companies ...
Published on November 6, 2024 - 14:02 GMT

TrucksUp Empowers Small Businesses Across India with Comprehensive, Cost-Effective Transportation Solutions

TrucksUp introduces a unique platform that brings tailored, all-encompassing transportation solutions to entrepreneurs across India. GURUGRAM, HARYANA, INDIA, November 6, 2024 /⁨EINPresswire.com⁩/ -- In an era where logistical efficiency and …

Distribution channels: Automotive Industry, Business & Economy ...
Published on November 6, 2024 - 13:00 GMT

OIA Global Acquires BTi Logistics and Airmark Ocean & Air Logistics

The acquisitions of BTi Logistics and Airmark Ocean & Air Logistics establish OIA Global’s Oceania presence, with Australia and New Zealand. PORTLAND, OR, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- OIA Global announces the …

Distribution channels: Automotive Industry, Business & Economy ...
Published on November 6, 2024 - 21:20 GMT

Navigator Gas Reports Third Quarter 2024 Results

LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Third Quarter Financial Highlights On November 6, 2024, the Board of Navigator Holdings Ltd. (NYSE: NVGS) declared a cash dividend of $0.05 per share for the quarter ended September 30, 2024, (the “Dividend”) under …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on November 6, 2024 - 21:15 GMT

FreightCar America, Inc. to Present at Sidoti Micro-Cap Virtual Conference

CHICAGO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced that the Company will present, and conduct …

Distribution channels: Culture, Society & Lifestyle, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 21:05 GMT

TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares

ATHENS, Greece, Nov. 06, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0. …

Distribution channels: Banking, Finance & Investment Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 21:05 GMT

Global Crossing Airlines Reports Third Quarter 2024 Financial Results

Q3 Revenue Up 23% to $52.4 Million with Record Block Hours Operated of 7,460 GlobalX to Host Conference Call Tomorrow at 8:30 a.m. Eastern Time MIAMI, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, …

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Published on November 6, 2024 - 08:42 GMT

Go Box self-stockage a officiellement ouvert ses portes à Nice

Go Box, société de self-stockage, a annoncé l'ouverture d'une nouvelle installation à Nice NICE, FRANCE, November 6, 2024 /⁨EINPresswire.com⁩/ -- Go Box, société de self-stockage, a annoncé l'ouverture d'une nouvelle installation à …

Distribution channels: Shipping, Storage & Logistics ...
Published on November 6, 2024 - 07:01 GMT

E-Commerce Logistics Market to Rise Up to the US$ 1,901.97 Billion by 2030, and to Grow at a CAGR of 23.5%

E-commerce logistics market trends in Asia-Pacific is expected to exhibit highest growth during the forecast period WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- The global 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was …

Distribution channels: Automotive Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 05:59 GMT

Logistics Automation Market Growth Expected to Reach US$ 147.4 billion by 2030 | Mecalux, S.A., Kion Group AG

By application, the transportation management segment is anticipated to witness lucrative growth over the forecast timeframe. WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- The global 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 …

Distribution channels: Automotive Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 05:15 GMT

Fadi Hajjar, Wavestore, Director of Sales, Canada, Talks About A Year of Success and Growth In The Canadian Market

"In The Boardroom™ on... SecuritySolutionsWatch.com" OTTAWA, ONTARIO, CANADA, November 6, 2024 /⁨EINPresswire.com⁩/ -- About Fadi Hajjar As Fadi Hajjar approaches his one-year anniversary as the Director of Sales for Canada at …

Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
Published on November 6, 2024 - 16:30 GMT

PTL Limited Announced Full Exercise of Underwriter’s Over-Allotment Option

Hong Kong, Nov. 06, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the “Company”), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced that the …

Distribution channels: Media, Advertising & PR, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 02:55 GMT

Government and Education Logistics Market Forecast : $917.4 Billion by 2031 with 8.3% CAGR | AMR

The global government and education logistics market is driven by free trade agreements, international trade growth, IoT adoption, and rising logistics demand. WILMINGTON, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- According to …

Distribution channels: Automotive Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 13:00 GMT

Karat Packaging Board Declares Increase in Quarterly Cash Dividend

CHINO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced that its board of directors …

Distribution channels: Banking, Finance & Investment Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 00:30 GMT

Frozen Food Market Size Expected to Grow at a CAGR of 4.4%

WILMINGTON, DE, UNITED STATES, November 6, 2024 /⁨EINPresswire.com⁩/ -- Frozen food is defined as food that has been packaged and frozen for consumption by humans or other animals. The freeze-concentrated solids of frozen food contain crystalline …

Distribution channels: Food & Beverage Industry, Shipping, Storage & Logistics ...
Published on November 6, 2024 - 12:30 GMT

MasterCraft Boat Holdings, Inc. Reports Fiscal 2025 First Quarter Results

VONORE, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2025 first quarter ended September 29, 2024. The overview, commentary, and results provided herein relate to …

Distribution channels: Business & Economy, Shipping, Storage & Logistics ...
Published on November 5, 2024 - 21:28 GMT

Superior Trucking Payroll Service Announces October 2024 Driver Pay Index of 127.68

October 2024 Driver Pay Index hits 127.68, up from September’s 121.39. Visit truckingpayroll.com/dpi to explore trends in trucking compensation. GRAND RAPIDS, MI, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- Superior Trucking …

Distribution channels: Business & Economy, Companies ...
Published on November 6, 2024 - 07:00 GMT

Altera Infrastructure announces divestment of Altera Shuttle Tankers L.L.C.

WESTHILL, United Kingdom, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Altera Infrastructure Holdings L.L.C. (Altera), a wholly owned subsidiary of Altera Infrastructure L.P., has entered into an agreement to sell all its membership interests in Altera Shuttle …

Distribution channels: Banking, Finance & Investment Industry, Shipping, Storage & Logistics ...
Published on November 5, 2024 - 18:57 GMT

My Fleet Assist Launches New Website & Back End Functionality

Modern Look, Enhanced User Experience and Continued Commitment to Quality Fleet Service BOLINGBROOK, IL, UNITED STATES, November 5, 2024 /⁨EINPresswire.com⁩/ -- My Fleet Assist, a leader in personalized managed fleet service solutions, is excited …

Distribution channels: Automotive Industry, Building & Construction Industry ...