Hapag Lloyd still profitable but nervous
With widespread complaints from shippers over the rise in freight rates, it is interesting to see how profitable container shipping lines are in the present environment.
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With widespread complaints from shippers over the rise in freight rates, it is interesting to see how profitable container shipping lines are in the present environment.
Cambodia is attempting to transform its logistics infrastructure and position itself better on global supply chains by building a large new canal.
Superficially, 2023 was a painful year for DHL. The Group’s just published results show that revenue fell by 13.4% to €81,758m and ‘consolidated net profit’ fell by 31.4% to €3,677m when compared to 2022.
GXO looks like it has pipped CMA-CGM/CEVA at the post through a last-minute knock-out bid for Wincanton.
A rationalisation of South Korea’s air cargo sector is underway in a process that has some parallels with the sale of state-owned assets presently on-going in the Korean container shipping sector.
What appeared to be a straight-forward purchase by CMA-CGM for the UK road and contract logistics provider Wincanton, has become more complicated.
The US Government has issued an “Executive Order” to “bolster the security of the nation’s ports” by attempting to replace the Chinese-built ship-to-shore gantry cranes at container terminals.
A vessel in the approaches to the Red Sea appears to be in distress after an attack by several projectiles launched by Houthis from southern Yemen. The various reports emerging from the region are not perfectly clear, however it seems that the crew have abandoned the ship and it is now drifting.
Scandinavian automotive logistics and shipping line, Wallenius Wilhelmsen ASA, saw profits climb by 22% for the full year 2023.
The Canadian road-freight logistics provider TFI, announced its fourth quarter and full year results on the 8th February.
The robustness of the ‘less-than-trailer load’ segment of the US trucking market has continued to deliver for XPO, despite an otherwise low demand for road freight.
Amazon appears to be confirming the strength of its business in e-retailing. The headline numbers in the latest results released on 1st February show that for the fourth quarter Amazon.com Inc saw net sales increase by 14% to US$170 bn compared with $149.2 bn in fourth quarter 2022.