Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 kilograms of heroin with a street value of £130 million ($148 million). The drugs were found Aug. 30 by officers from Border Force and the […]
Data on recorded cargo thefts in the EMEA region shows an alarming increase this year, with it crossing €55 million in the first half of 2019.
Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a no-deal exit from the European Union Oct. 31, a scenario that even government experts agree will cause logistics chaos at English Channel ports. Opposition to a no-deal Brexit reached fever […]
Europe’s air cargo industry has not been the quickest when it comes to embracing the digital world, but efforts are being made to catch up. A series of carriers have reported major digital initiatives in recent months and, not to be left behind, they now have been joined by Luxembourg-based freighter operator Cargolux. Cargolux, which […]
The Amsterdam airport did report an €18 million year-over-year increase in revenue for the first half of 2019.
Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy and freight outlook, according to analysts and executives. “I think the biggest problem right now is the uncertainty that is causing people to hold off […]
As a medium of shared mobility. e-scooters are finding wider acceptance in Germany, but it is yet to be seen if they can decrease street traffic.
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
The Luxembourg-based airline takes an unusual path to pay for its latest B747-ERF.
MUFG Bank’s anticipated acquisition of the aviation finance business of DZ Bank draws scrutiny.
Transfreight Automotive Logisitcs Europe, a fleet with over 90 vehicles, has shut down.
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
Conservative Andreas Jung floats increased fees for trucks and investing the proceeds in railroads to fight climate change.
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.
There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.
Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a whopping 19,028 percent compared to the first six months of last year, with a shipment of aircrafts to Brazil accounting for 99 percent of the […]
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
Atlanta is building Spaghetti Junction II. UK drug companies will take matters into their hands to get goods to market in no-deal Brexit; YRC consolidation is key to survival
The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.
The U.K. imports a bulk of the food it consumes from mainland Europe, and this might be a problem in the event of a no-deal Brexit.
A hard departure from the European Union will hit availability of fresh foods and increase costs as British supply chains contend with port delays and backlogs, industry group says.
PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks to Iran between 2013 and 2015.
Deutsche Post DHL posts single-digit revenue, profit gains, lifts low end of full-year earnings view
The State, Treasury and Commerce departments are ramping up to implement an Aug. 1 executive order from President Donald Trump that imposes a second round of sanctions against Russia.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
The deal reached in Washington on Friday will allow the U.S. to nearly triple its beef exports to Europe.
Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation. But overall demand remains tepid as it lowered full-year revenue targets and reduced service in the trans-Pacific shipping market. ONE, the container ship joint venture of Japan’s largest shipping companies, made the forecast […]
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was unveiled recently during Eternity México’s two-year anniversary celebration in Mexico City, where company officials also unveiled a new logo and rebranding campaign. Nicolás Portenza, president […]
Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of $4.27 per share, up from $3.32 in the second quarter of 2018, but below the $4.41 average estimates from analysts. The company’s stock is taking […]
Purchase of Worldwide Perishables Canada expands perishables business of world’s largest freight forwarder.
Traton SE crossed $1 billion in operating profit for the first six months of 2019 but expressed concern about slowing orders in the second half.
Furniture-makers may face long slog in adjusting to tariffs on Chinese imports; Autonomous freight trains to be tested
Just Eat and Takeaway.com merge to create a £9 billion company that will be headquartered in Amsterdam and traded on the London Stock Exchange.
OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
Amazon’s q2 shipping costs soar as costs of one-day delivery launch exceed estimates
Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent decrease in second quarter net income to $1.62 billion, or $2.83 per share, compared with $1.71 […]
Boris Johnson will become the Prime Minister of the U.K. today, and will be assuming responsibility for the nature of the U.K.’s exit from the European Union.
U.S. next day air volumes set the pace for UPS’ second-quarter results
UPS launches a slew of products in arguably its biggest one-day portfolio change in its history
Narrow vote overcomes opposition to Comprehensive Economic and Trade Agreement, which has boosted France’s exports.
Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a “tough ride in a tough environment,” Chief Executive Detlef Trefzger said. The second-largest freight forwarder globally, K + N (SIX: KNIN) reported earnings per share of $1.69, which was below […]
sennder has now raised nearly €100 million this year across two rounds of funding.
Fretlink connects thousands of carriers with large shippers through a digital freight marketplace that offers reliability on service and freight hauling prices.
Volvo Group and Samsung SDI will work together to advance Volvo’s electric truck plans with direct supply of battery cells and packs to Volvo manufacturing plants.
Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.
Electric vehicle charge points will now be installed in every newly constructed residential and non-residential building as part of a larger plan to expedite EV adoption in the U.K.
Amazon workers strike on the company’s mega-discount Prime Day, asking for fair treatment, higher pay and decent working conditions within warehouses.
Marken has acquired three European companies based out of central and eastern Europe, to expand its geographic footprint in the pharma and life science logistics segments.
The U.K. is on the threshold of becoming independent from the EU, but it does not seem to have answers to the trade and logistics nightmare that would follow post-Brexit.
France-based freight-forwarding and logistics company in talks to buy 80 percent stake in unnamed firm.
Austria will be increasing its toll for Euro 6 trucks by 4 percent next year. It already has many restrictions on trucks moving on local roads, products that the trucks can carry, and has organized several block checks, creating unnecessary traffic bottlenecks.
Food retail chain Lidl is collaborating with Deutsche Post to put 500 DHL Packstations in Lidl stores to help Lidl customers pick up their online purchases once they are done with their shopping at the retail storefront.
U.K.’s Competition and Markets Authority served an initial enforcement order to both Amazon and Deliveroo over concerns about the transaction that took place during the latter’s fundraising in May this year.
BMW and Daimler are collaborating on a long-term partnership to develop Level 4 self-driving cars that can drive autonomously on motorways and park without human intervention.
Airfreight volumes worldwide remained weak in May. However, there may be modestly brighter skies ahead in the second-half of 2019
Hyundai Merchant Marine (HMM) will join THE Alliance as a full member. The move comes after an apparent rebuff of the money-losing Korean liner company’s efforts to strike a similar deal with the 2M Alliance. THE Alliance, which is also comprised of Germany’s Hapag-Lloyd (FSE: HLAG), Japan’s Ocean Network Express, and Taiwan’s Yang Ming, said […]
The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.
The Netherlands leads Europe in inland waterway transport, and to keep its dominance over roadways intact, it looks to invest heavily in autonomous shipping technology.
Maersk rolled out a fully online service for customers to book space on a container ship. The new offering, Maersk Spot, provides customers a port-to-port cargo loading guaranteed at a fixed price upfront. It is The world’s biggest shipping line said the new product addresses fundamental inefficiencies that exist across the industry such as the […]
Maersk (Nasdaq OMX: MAER) will find out how much customers are willing to spend on its ambitious environmental agenda with a carbon-neutral container service. The world’s biggest shipping line is offering voyages on ships using a blend of cooking oil and regular heavy fuel oil. The biofuel blend, which was produced by Shell, is a […]
In a future where autonomous vehicles offer mobility-as-a-service, it is critical to identify the parties involved in transactions – the users and the vehicles. Blockchain can help in this regard.
Retail giant Carrefour is leveraging blockchain to track the provenance of the food products it stocks in its stores, thereby providing its consumers information that far exceeds the data provided on conventional product packaging.
Electric vehicle adoption is constricted by high vehicle sticker price, long charging cycles and limited range. Solving these issues is key.
Market expert Cathy Roberson writes about the growth of pharmaceuticals and life sciences cargo at Hartsfield Jackson Atlanta International Airport and the airport’s agreement with Amerstdam Schipol Airport.
Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.
Walmart has exported its on-time, in-full requirement on the international marketplace. The results are improving but there is a lot of work to do.
A consortium comprising DP World of the United Arab Emirates, the Russian Direct Investment Fund (a sovereign wealth fund), Rosatom and Norilsk Nickel have agreed to look into developing the Russian Northern Sea Route.
The first Uber Freight European load has been moved in the Netherlands. The cargo was for Heineken.
In 2018, international shipping recorded the fewest number of casualties in 100 years, insurer Allianz reports. A disturbing truth about worrisome Wednesdays, and a curious incident involving cocaine-bearing sharks, were also revealed.
While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and capacity discipline as the keys to keeping that market firm. Globally, spot container rates are stuck at one-year lows. The Freightos Baltic Index (SONAR: FBX.GLBL) […]
Australia’s border biosecurity system was stretched “close to breaking point” and had “severe impacts on sections of the shipping and exporting industries,” says the Inspector-General of Biosecurity.
RIO aims to connect different stakeholders within the transport logistics segment and push the industry towards digitalization.
Freightos will offer real-time quotes and booking on Europe’s third-largest air carrier as part of the company’s growing online freight marketplace. IAG Group, the holding company for British Airways and Iberia Airlines, said Freightos’ WebCargo is the first third-party platform to offer access to rates and capacity for air freight on IAG flights. WebCargo […]
Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.
Market expert Cathy Roberson writes about the decline in global air cargo traffic; the only bright spot is in Latin America. Read why!
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
DHL, FedEx and UPS have dominated the global express market for years but recently, China’s express providers (including YTO Express, STO Express and SF Express) have been nipping at the heels of these three global providers. Now, the Chinese express providers are expanding their services beyond China’s borders. Much of this growth is attributed to […]
A no deal Brexit or remain are still on the cards in Britain as European elections polarise the electorate further.
A report indicates that the EU is slow to adopt alternate truck fuels. Indian logistics startups are flourishing. Chinese logistics firms that help Chinese businesses relocate are winners in the US-China trade war.
The Chinese Belt and Road Initiative aims to create seamless freight movement between Europe and Asia, but the sustainability aspect of the project is still unclear.
The race to become the new Prime Minister of Great Britain and Northern Ireland has begun with Theresa May’s announcement that she will stand down on the 7 June.
C.H. Robinson (Nasdaq: CHRW) added to its European business with the acquisition of an Italian truck brokerage. The Eden Prairie, Minnesota-based company announced it bought Dema Service S.p.A. Dema Service is a privately owned logistics company providing road transportation services across Europe. Headquartered in Pescara, Italy, Dema Service has approximately 100 employees and three offices […]
Prime Minister Theresa May is clinging to power as another minister resigns and polls show that Tories will have a catastrophic European election.
