The steep rise in ocean freight rates and congestion in various ports of the world have thrown up winners and losers.... The obvious winners are the container lines that have reported the best actual quarterly performance by the container shipping industry in its history for the second quarter of this year( 2Q21). The 11 container lines that represent 64.5% of the TEU capacity made profits of$ 18.44 billion....

The union has pointed to massive profits enjoyed by the shipping firms during the pandemic, saying further automation would invest those gains in job-cutting machinery rather than increased compensation.... Workers have also disputed the supposed productivity benefits of the technology.“ This isn’t about safety or productivity--it’s about job elimination, ” ILA President Dennis Daggett, said in a statement earlier this month.... “ It’s simply false. Autor said the hardship that dockworkers wou

MONTREAL: Private aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate travel eases back this fall after a pandemic-induced slump. Private air traffic has rebounded above 2019 levels, helped by wealthy leisure travellers avoiding commercial earlier in the pandemic to avoid contracting the virus or due to fewer direct flights. Now, some charter companies are trying to extend that advantage t