GSCi

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Recent briefs by Thomas:

DSV sees record numbers but Q4 points to lower growth


DSV saw record profits for the financial year 2022, however the fourth quarter numbers suggest that these results are more about the past than the present, let alone the future. For the financial year 2022 DSV saw revenue increase by 24.3% year-on-year and EBIT (Earnings Before Interest and Tax) by 48%.

Hong Kong sees trade crash in December


The position of Hong Kong as a hub for air and sea freight as well the co-ordination of China based supply chains is under pressure. New figures from Hong Kong’s Census and Statistics department describe exports in December 2022 from the city-state as falling by 28.9% year-on-year, which is said to be the heaviest fall in percentage terms since 1953.

Maersk and MSC agree to end 2M Alliance


The news ought not to affect the market and shipper’s relationship with Maersk and MSC immediately.The fact that the two lines are ending the agreement ought not to be so surprising. What was perhaps more surprising was that the two largest container shipping lines had such an agreement in the first place.

OPEC warns China demand could increase fuel prices


Logistics costs have eased across much of the world and many of the supply chain ‘bottle necks’ that were supposed to be so insurmountable have suddenly become less serious. However, that does not mean that the issue of inflation has necessarily disappeared.

Flexport shrinks workforce


The ‘tech downturn’ is starting to affect logistics companies. Chief analyst Thomas Cullen reports. Flexport, the digital freight-forwarder and software producer based in San Francisco, has announced that it is reducing its workforce by a fifth. In a “Note to Employees”, the two founders of the company, Dave Clark and Ryan Petersen, said that whilst …

Old tensions resurface on US Rail


The US rail network seems to have avoided strike disruption and is also moving away from the congestion seen through 2021 and much of 2022. However, things are still not perfect in American rail.

Deutsche Bahn still thinking about sale of Schenker


A statement from Deutsche Bahn AG issued last Thursday said that the “Supervisory Board of Deutsche Bahn AG (DB AG) has assigned DB AG’s Management Board the task of examining and preparing the case for a potential sale of up to 100% of its shares in DB Schenker.