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Maersk pilots Shanghai as new gateway for LCL Shipments


To bolster the service coverage of the Shanghai gateway, Maersk is further expanding its LCL global consolidation network. This expansion entails the introduction of over 50 new trade lanes directly connecting to and from Shanghai, resulting in over 200 direct LCL routes facilitated through the Shanghai port.

Logistics Segment Q4 Carries TFI International Through Economic Headwinds


A strong fourth quarter for its Logistics segment helped Canada based logistics company TFI International through the economic headwinds faced by the industry in 2023. Where the Logistics segment saw a 25.6% y-o-y uplift in revenue in the fourth quarter, overall operating income for TFI International in the full year was down 33.9% to US $757.6m, and overall revenues down 14.6% to $7.52bn.