Orient Overseas Container Line (OOCL), a significant player in the container shipping industry, has posted remarkable financial results for the third quarter of 2024. This article delves into the factors behind OOCL’s stunning 73.7% rise in revenues year-on-year, reaching $3.06 billion by September
Ongoing rail freight disruptions along the Zaragoza-Barcelona axis in northeastern Spain have posed significant challenges for operators due to long-term gauge adaptation works near the Roda de Berà tunnel. This construction effort is an integral part of a larger transition from the Iberian to the
The railway freight sector in Spain is witnessing a transformative period as private operators like Captrain and MEDWAY make significant strides, reshaping the market traditionally dominated by the state-owned Renfe Mercancías. This shift towards privatization has had a pronounced impact, resulting
The global air cargo industry has witnessed a remarkable surge in demand, maintaining double-digit year-on-year growth for nine consistent months by August of this year. The International Air Transport Association (IATA) reported that total cargo demand for August alone rose by 11.4%, with
The launch of the new FEM1 shipping service at Jeddah Islamic Port marks a significant milestone in advancing Saudi Arabia's position within global maritime networks. This service, created through a collaboration between the Saudi Ports Authority (Mawani), CStar Shipping Company, and United Global
In the latest quarter, the air freight and logistics industry, represented by companies like United Parcel Service (UPS) and its counterparts, faced a complex spectrum of economic and market dynamics. Despite the sustained growth of e-commerce and the increasing demands of global trade, the sector
