Freight Waves

Mesa Airlines envisions operating 10 DHL cargo jets by 2022

Mesa Airlines, a regional passenger airline, expects its cargo business with DHL Express to quickly grow and become profitable by proving it can meet linehaul delivery requirements for the burgeoning e-commerce sector, Chairman and CEO Jonathan Ornstein said Monday. Mesa…

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Sale of Covenant factoring business to Triumph hits a snag

The early July deal to sell Covenant’s factoring business, Transportation Financial Solutions, has hit a snag, according to Covenant’s quarterly earnings report. Covenant said its deal to sell the business to Triumph Business Capital is being held up because it…

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US Coast Guard to consider regulations on autonomous vessels

The country’s top maritime regulator is asking for the public’s view on the economic opportunities and the safety consequences of automated vessel technology as a precursor to potential regulations affecting commercial shipping in the United States. In a Request for…

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Pressure on air cargo rates from China keeps increasing

Outbound airfreight rates from China continued to rise for the fifth consecutive week, with pricing the strongest out of Shanghai as shipments increased for electronics, e-commerce orders, and hospital gear. The pricing trend is good for carriers. But it means…

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Volumes in cruise control, up 35% year-over-year

Load volumes continue to soar, rising another 2.9% this week. The Outbound Tender Volume Index (OTVI) continues to surge upward and hit another all-time high Friday at 13,799. This freight level is remarkable for a few reasons. First, there are…

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