Qatar Airways, the world's largest non-express scheduled air cargo carrier, announced a 25% increase in cargo income for the fiscal year ending March 31 after moving more than 3.3 million tons of goods. Volume by weight was more than double that of the previous pre-pandemic year. The company claims it...
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Stord and FarEye Logistics both lay off large numbers of employees.
Two logistics technology companies have recently yanked the rug out from under their employees. Stord, an Atlanta-based logistics software-as-a-service business, and FarEye, a New Delhi-based delivery management platform with a Chicago headquarters, both lay off major portions of their workforces at a time when employees allegedly felt particularly safe. Stord...
Will the Shipping Reform Act aid in rebalancing the scales? The chairman of the FMC believes so.
Since the outbreak, the trade scales have been heavily stacked against US importers and exporters. On Thursday, President Biden is set to sign the Ocean Shipping Reform Act. Importers are hoping that this reform, which gives the Federal Maritime Commission more authority, would help restore that balance. SONAR charts depict...