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Maersk extends contract for advanced vessel tracking & monitoring solutions

Maersk extends contract for advanced vessel tracking & monitoring solutions-Forwardernews

Over the past 18 months, the BigOceanData vessel tracking system has successfully been used to track Maersk Line’s fleet using fused data feeds. This is where the BigOceanData system takes Maersk’s own vessel data received via Fleet Broadband and combines it with satellite and terrestrial AIS, all backed up by ‘pay-as-you-go’ Inmarsat-C. This delivers a service capable of providing position reports every 10 minutes both in the open ocean and coastal waters. Maersk can then apply this information to optimize the performance of the fleet. This service is now covering up to 2,000 vessels carrying Maersk cargo and is accessed by up to 500 users.
BOD SSAS integration for 300 vessels

Stifel resumes coverage of 3PLs, finds favorable freight environment

Stifel resumes coverage of 3PLs, finds favorable freight environment-Forwardernews

A common theme in Stifel’s notes was the historically tight capacity environment that U.S. freight markets are currently experiencing: in the reports, Chan characterized capacity tightness as ‘secular’ and ‘structural’, implying that for the foreseeable future, shippers will be forced to rely on brokers to source capacity. 
Stifel rated CH Robinson a ‘buy’ with a price target of $101 (20x estimated 2019 earnings per share), XPO a ‘hold’ with a price target of $118 (27x estimated 2019 EPS), Echo a ‘buy’ with a price target of $34 (18x estimated 2019 EPS), Landstar a ‘hold’ with a price target of $123 (17.8x estimated 2019 EPS), and Universal Logistics a ‘hold’ with a price target of $27 (16x estimated 2019 EPS).

Alaska Air Cargo grows service 40% across North America

Alaska Air Cargo expands its cargo lift capacity by 40 percent in the continental U.S. by utilizing the 71 Airbus aircraft that became part of the Alaska Airlines fleet as part of its merger with Virgin America. Alaska Air Cargo will utilize the belly space in these aircraft to provide customers with new shipping destinations and increased frequencies throughout the Alaska Airlines system.  

Nippon Cargo Airlines grounds all flights

Nippon Cargo Airlines grounds all flights-Forwardernews

The all-cargo aircraft operator said that an “inappropriate maintenance record” concerning the lubricating oil supply to the aircraft parts for one of its Boeing 747-8 freighters (JA 14KZ) had been found.
Local reports say government inspectors had identified the “inappropriate maintenance record” during an investigation into the airline’s records after it had been found to be negligent in reporting damage to aircraft.
NCA said: “In an abundance of caution and to ensure the safety of our operation, we decided to temporarily ground all aircraft until all maintenance records have been confirmed appropriate.”

Etihad reports a loss for 2017 while cargo revenues remain flat

Etihad reports a loss for 2017 while cargo revenues remain flat-Forwardernews

The Abu Dhabi carrier saw total revenues increase by 3.4% last year to $6.1bn, while core airline loss reached $1.52bn, up from $1.95bn in 2016.
Its cargo division saw revenues remain flat at $0.9bn, while cargo tonnages were down 7.4% year on year to 552,000 tonnes.
The airline pointed out that it had been able to improve performance despite “significant” fuel cost increases, the entry into administration of partners Alitalia and Air Berlin, an initial investment in a comprehensive business transformation programme.

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