February 2023

UPS Q4 revenue drops 3% to $27bn

United Parcel Service (UPS) reported a 3% decline in Q42022 revenue at $27 billion on 3% increase in domestic package revenue and 8% drop in international package revenue.According to a press statemen consolidated operating profit was $3.2 billion, down 17.9% compared to the Q4 2021, and down 3.3% on an adjusted basisCarol Tomé, chief executive officer, UPS, commented that for the year, UPS reached its targeted consolidated operating margin and ... [+]

Jon Turner Appointed Vice President, Cargo at Air Canada

Air Canada announced that Jon Turner, currently Vice President, Inflight Services, has been appointed Vice President, Cargo effective February 18, 2023. An accomplished airline executive with expertise in global strategy, operations and customer service, Mr. Turner has held a wide range of progressively critical, senior leadership roles at Air Canada and ... [+]

Chaos predicted due to early Chinese New Year

A larger share of freight forwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared to the last year (2022).“We are looking at three different Chinese Years in 2020, 2021 and 2022. It’s ... [+]

Port Everglades Rebrands with Mighty Approach

Port Everglades, a global gateway for cruise vacations and trade, is unleashing a new three-pronged branding campaign to differentiate its strengths from those of Florida's natural wonder, Everglades National Park.A mighty trident against a backdrop of waves will symbolize Port Everglades' three main business sectors - cruise, cargo and energy ... [+]

Port of Corpus Christi Finishes FY 2022 with Record Tonnage

The Port of Corpus Christi ended 2022 with record tonnage, mainly attributable to a 21% year-over-year (YOY) increase in refined products and 15% YOY increase in total crude oil. The Port of Corpus Christi achieved a new annual tonnage record of 187.9 million tons – a 12% increase over 2021 ... [+]

Port of Mobile Sets Record in 2022

The Alabama Port Authority wrapped up a year of monthly container cargo records with a new annual cargo handling record — 563,191 TEUs. It’s the first time the port has handled more than 560,000 TEUs. The 11% increase is the 9th time since 2009 that the port has recorded double-digit growth. The ... [+]