Monthly Archives for February 2024

CMA CGM closes billion Bolloré deal, but faces bidding war for Wincanton The carrier’s acquisition spree has brought one of France’s largest transport and logistics companies into the group, but its bid to acquire UK forwarder Wincanton is being challenged. CMA CGM closes billion Bolloré deal, but faces bidding war for Wincanton International Freight

PayCargo targets invoice automation with Rippey AI acquisition PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions. PayCargo targets invoice automation with Rippey AI acquisition International Freight

Flexport resurrects Convoy truckload tech as tool for drivers, brokers Increased driver adoption of apps in the truckload industry was driven in part by now-shuttered broker Convoy, whose technology was relaunched Thursday by forwarder Flexport. Flexport resurrects Convoy truckload tech as tool for drivers, brokers International Freight

India-Europe trade hit hard by longer transits amid Red Sea diversions Carriers are dealing with a significant backlog of cargo that has built up because of longer transit times, cutting down available space for exports and raising rate levels. India-Europe trade hit hard by longer transits amid Red Sea diversions International Freight

Logistics’ complicated structure requires equally complex approach to AI usage ChatGPT and generative AI have captured most of the attention around artificial intelligence in logistics, but the diverse range of processes underpinning global supply chains require multiple types of AI working in concert. Logistics’ complicated structure requires equally complex approach to AI usage International Freight

Maersk to ‘look into’ potential DB Schenker acquisition: Clerc The profitability of global forwarders since the pandemic has piqued Maersk’s interest in the sector and it would be “irresponsible” to ignore DB Schenker’s availability, according to the carrier’s CEO. Maersk to ‘look into’ potential DB Schenker acquisition: Clerc International Freight

Gebrüder Weiss buys Cargo-Link, expanding US LCL network The Austria-based global logistics provider looks to increase its US presence, adding less-than-containerload services by acquiring a Utah-based forwarder. Gebrüder Weiss buys Cargo-Link, expanding US LCL network International Freight

C.H. Robinson sees cautious shippers, no near-term global demand upturn The largest US broker and forwarder expects ocean spot rates to subside after the Chinese New Year and for US trucking markets to slowly improve throughout 2024. C.H. Robinson sees cautious shippers, no near-term global demand upturn International Freight

DSV volume stabilizes in Q4 to deliver solid 2023 result While down significantly from 2022, the forwarder remained profitable last year as fourth-quarter gains helped dull the full-year impact of sharply correcting global freight markets. DSV volume stabilizes in Q4 to deliver solid 2023 result International Freight