Evergreen, Wai Hai join peers in reporting sharply lower 2023 financials But both carriers have seen a rebound in revenues for the first two months of 2024 amid the higher freight rates the market saw early this year. Evergreen, Wai Hai join peers in reporting sharply lower 2023 financials Journal of Commerce
Read More →Evergreen, Wai Hai join peers in reporting sharply lower 2023 financials
on March 14, 2024in Industry News
CMA CGM amps up retention of spot shippers with loyalty program
on March 14, 2024in Industry News
CMA CGM amps up retention of spot shippers with loyalty program Small shippers that have historically been out of reach for CMA CGM are being targeted through a loyalty program connected to the carrier’s online spot booking tool. CMA CGM amps up retention of spot shippers with loyalty program Journal of Commerce
Read More →No cost hikes in Gemini’s transshipment-based model: Habben Jansen
on March 14, 2024in Industry News
No cost hikes in Gemini’s transshipment-based model: Habben Jansen Hapag-Lloyd’s CEO insists the total cost of the network will be lower because Gemini will be able to better utilize controlled assets and deliver more efficient cargo connections in the hub and spoke model. No cost hikes in Gemini’s transshipment-based model: Habben Jansen Journal of Commerce
Read More →Zim’s standalone position enhances partnership potential on trans-Pacific: CFO
on March 14, 2024in Industry News
Zim’s standalone position enhances partnership potential on trans-Pacific: CFO The carrier, after steadily increasing its coverage on trade lanes between Asia and North and South America while building its fleet and volumes, aims to leverage that market strength into new slot-sharing agreements. Zim’s standalone position enhances partnership potential on trans-Pacific: CFO Journal of Commerce
Read More →DP World shuns asset-light approach in rapid expansion of forwarding unit
on March 12, 2024in Industry News
DP World shuns asset-light approach in rapid expansion of forwarding unit The port operator has grown its global forwarding footprint to 100 offices, using its network of terminals, warehouses, road and rail to provide greater visibility and control of shipments. DP World shuns asset-light approach in rapid expansion of forwarding unit International Freight
Read More →Asia-Europe ocean rates in rapid retreat as market settles into new normal
on March 12, 2024in Industry News
Asia-Europe ocean rates in rapid retreat as market settles into new normal As the shock of diversions around southern Africa wears off and weekly schedules mostly return to normal, the spot rates that peaked in mid-January are falling fast. Asia-Europe ocean rates in rapid retreat as market settles into new normal International Freight
Read More →DHL drops pursuit of DB Schenker amid questions over value ‘upside’
on March 6, 2024in Industry News
DHL drops pursuit of DB Schenker amid questions over value ‘upside’ DHL’s decision leaves Denmark’s DSV as the only remaining obvious potential bidder for DB Schenker after Kuehne+Nagel confirmed last week it would not pursue an acquisition. DHL drops pursuit of DB Schenker amid questions over value ‘upside’ International Freight
Read More →TPM24: Industry veteran sees little value in ocean carriers integrating logistics services
on March 5, 2024in Industry News
TPM24: Industry veteran sees little value in ocean carriers integrating logistics services Otto Schacht, who’s worked for Hapag-Lloyd and Kuehne+Nagel, said forwarders will remain vital to the industry thanks to a high degree of customer service. TPM24: Industry veteran sees little value in ocean carriers integrating logistics services International Freight
Read More →Wincanton drops CEVA bid to accept huge cash offer from GXO
on March 1, 2024in Industry News
Wincanton drops CEVA bid to accept huge cash offer from GXO The offer made by CEVA in January appeared to be a done deal, but GXO’s competing bid delivered a 26% premium on the CEVA offer and was swiftly accepted by Wincanton’s board. Wincanton drops CEVA bid to accept huge cash offer from GXO International […]
Read More →K+N buoyed by ‘robust’ 2023 result, late Q4 market recovery
on March 1, 2024in Industry News
K+N buoyed by ‘robust’ 2023 result, late Q4 market recovery The market upswing that began in November has continued through February, with the forwarder expecting further growth this year, especially in ocean freight. K+N buoyed by ‘robust’ 2023 result, late Q4 market recovery International Freight
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