With the addition of a twice-weekly service to Hanoi, Lufthansa Cargo has doubled freighter capacity to Vietnam, highlighting the increased demand for air cargo service in Vietnam as multinational corporations diversify their sourcing away from China. According to Deutsche Lufthansa Group's cargo subsidiary, the flights will be operated by AeroLogic,...
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In October, volumes at Gulf Coast ports continued to rise.
Imports of steel, plywood, and bagged goods, as well as petroleum and crude oil exports, boosted Gulf Coast ports in October. Imports to Port Houston are increasing significantly. According to port officials, container volume increased by 13% in October, owing to increased demand for bagged goods, plywood, and auto imports....
Despite economic headwinds, FreightCar America is looking for market opportunities.
According to their comments on Tuesday's third-quarter 2022 earnings call with transportation analysts, FreightCar America executives were optimistic about the market environment for new rail cars despite macroeconomic uncertainties. "The rail car environment is more positive than not," said Jim Meyer, President, and CEO of FreightCar America. "The more positive...