Shareholders of beleaguered U.K. trucking company Eddie Stobart have gone ahead and accepted a £55 million rescue deal that would help the company come out from the brink of administration. This stop-gap measure just ahead of Christmas will help Eddie Stobart save 6,500 jobs, ending several months of uncertainty behind the company’s seesawing fortunes. The […]
Consumers want more information about their food – where does it come from, was it ethically sourced, was it shipped in a safe and sanitary manner, etc. Ben Thrower provides information about how this trend is impacting food companies, growers and consumers.
Contributor Ben Thrower writes about the growing ties between the Chinese and European economies and the potential danger of those ties.
Airlines insist that decision was mutually agreed
Manufacturers also call for the rapid roll-out of dedicated charging and refueling infrastructure to help reduce the share of trucks running on diesel.
Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.
The DHL Connectedness Index analyzes the flows of trade, capital, information and people across the world to understand its impact on globalization.
“Undercover boss” believes average international airfreight shipment times should be at least a day faster. Experts agree the sector can up its game.
Airport has ambitious China plans
Road transport organization TAPA has welcomed the EU initiative of creating a safe truck parking standard, while advocating for collaboration with its existing truck parking PSR standard.
Job action would come during peak holiday shopping period.
Carrier offering thrice-weekly service between Zurich and Cancun.
The EU is pushing to bring carbon pricing to shipping, but there are a lot more questions than answers.
Construction begins for the long-delayed project to triple the capacity of the Canadian oil pipeline to nearly 900,000 barrels per day.
Trevor Milton believes replacing diesel trucks with cleaner alternatives will improve the image of trucking and enable legislators to slash emissions.
French workers are demonstrating for reforms in their pension plan, leading to a protest that will see most employees of transport companies strike beginning on Dec. 5.
Air India, Alitalia and South African Airways may be facing a bleak future.
An Office of the U.S. Trade Representative investigation concludes that a French tax on digital services discriminates against U.S. companies, such as Google, Apple, Facebook and Amazon.
The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel cell electric model will follow in 2023.
Expert explains why shippers based in the U.S. and beyond should prepare urgently for the worst-case scenario – a no-deal Brexit in 2020.
Vos Logistics has acquired SNEL Shared Logistics, which operates a 65,000 m2 warehouse in close proximity to the major Dutch cities of Amsterdam, Rotterdam, Den Hague and Utrecht.
Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across the European Union (EU), according to a major new report examining the continent’s illicit drugs business. The 2019 EU Drug Markets Report by the EU […]
French-based 3PL FM Logistic has unveiled the Ergoskel, an ergoskeleton designed to assist warehouse employees to work around parcels without them taking a toll on their bodies.
Spanish road freight startup Ontruck has acquired digital freight forwarding platform Briver, in an attempt to consolidate its market position in the Spanish region of Cataluña.
Government mulling options as rescue bid stalls
Prologis signs joint venture with Norwegian investment giant to buy 19 million square foot U.S. portfolio for nearly $2 billion
New joint venture replaces separate agreements
Animal rights groups call for the European Commission to ban the live transport of animals following the Black Sea tragedy.
The trade of Black Angus bulls is a global supply chain that needs a verification system, which can keep counterfeit beef from reaching the consumers’ table.
Proposed loan may run afoul of EC rules on state aid
Logistics service provider Europa Worldwide is constructing a state-of-the-art logistics facility in Midlands Logistics Park in Corby, England.
CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.
Italian state railway balks at government’s failure to agree a deal
French freight matching startup FretLink has introduced new carrier-centric features in collaboration with equipment provider TIP and fuel card player UTA.
Freight forwarder Kuehne + Nagel is acquiring Rotra, a company with roughly 800 employees and an annual revenue of over €100 million.
Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected vehicles.
U.K.-based yacht builder Sunseeker is in advanced negotiations with DHL Supply Chain to help with its logistics operations.
Atlantia charges that conditions for investment not met
Shippers believe container line consortia are anti-competitive and lack transparency.
The European Commission believes that container shipping lines need consortia to make “operations more financially viable and efficient.”
U.K. airport seeks to become Heathrow alternative
Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.
U.S. carrier remains firm with 10% offer
Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.
Major trade partners of the EU have complained to the World Trade Organization about the problems with splitting tariff rate quotas between the U.K. and the EU post-Brexit.
Focus on profitability over market share bears fruit for Danish container shipping giant.
CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.
In a recent auto awards function in Germany, Elon Musk outlined Tesla’s plans of setting up its fourth Gigafactory in Berlin.
Brexit-driven scramble for supply chain properties continues as Tristan plans $165 million investment in Dutch logistics platform.
Airline and union reach truce
Latvian airport to double cargo handling capacity
John Lewis will now use carbon-neutral renewable biomethane to power hundreds of its delivery trucks by 2021.
Initiative includes boosting air cargo revenue
Low-cost carrier fended off rivals IAG, Wizz Air and Virgin Atlantic
Carrier moved 27 temperature-controlled containers on single flight
London-based logistics startup tailored to ease e-commerce returns.
Uncertainty around trade wars and Brexit have been the biggest drags on air cargo markets this year, but Steven Polmans is an optimist.
A year after announcing a range of e-trucks for the U.S. market, Volvo Trucks has started selling all-electric models in Europe.
Air cargo shipments may be delayed
Hamburg Airport has joined a roster of European airports adopting digitalization of cargo handling
Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?
Acquisition strengthens IAG’s position in South American market
Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.
Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.
Commerce secretary says talks on foreign automaker investment in the U.S. may again delay imposition of tariffs on imported vehicles.
Royal Schiphol Group may acquire controlling interest in Cargonaut
ItsMyCargo is a German technology startup that is looking to sell software to traditional maritime freight forwarders who can use technology to compete against recently launched digital freight forwarders.
The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.
Warehouse robotics market expanding quickly
“This is a smart move by both Fiat Chrysler and PSA to ensure their companies continue to be viable and relevant as the industry evolves.”
Cargo revenue down for 3Q and nine months
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development
Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.
French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.
World’s largest shipping line teams up with major customers in test of carbon-neutral fuel.
InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.
CEVA Logistics, the third-party logistics subsidiary purchased by the French shipping giant in April, will cross-sell and share warehousing with Wing.
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.
Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
Logistics investments are core assets for Norwegian oil fund
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Container ship lessor says charter rates on larger vessels is improving as supply falls.
U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.
Tie-up offers more options between Europe and China
The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.
France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
Nearly all maritime kidnappings and hostage-takings in the nine months to the end of September this year took place in or near the Gulf of Guinea, said global maritime piracy watchdog the International Maritime Bureau (IMB).
The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.
Transported Asset Protection Association (TAPA) is looking to align its Parking Security Requirements (PSR) industry standard with the European Commission’s new truck safety at parking spots programme to quicken the pace of security offered for trucks at parking areas.
The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.
