It was a spirited, in Swiss fashion, and spiritual Detlef Trefzger (pictured below) this week during one of his last conference calls with analysts before stepping down as CEO of Kuehne + Nagel (K+N) this summer. With K+N veteran Stefan Paul – part of the management board since 2013 – starting as CEO...
PRESS RELEASE Purchase, N.Y., January 27, 2022 – Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an agreement to expand its partnership with Flexport, the technology platform for global logistics, to add a third Boeing 747-400 freighter to its existing fleet beginning in September 2022. This long-term...
Container shipping spot freight rates on the Asia-North Europe trade declined 2.7% this week – a further sign the recent exponential growth has levelled off. Today’s Shanghai Containerised Freight Index (SCFI) Shanghai-North Europe leg was $4,276 per teu, down $117 per teu from last week, as carriers began to release more equipment...
Container spot rates from Asia to North Europe are now 130% higher than at the start of the year, after a further spike this week. Today’s Shanghai Containerized Freight Index (SCFI) recorded a 13.5% increase in its North Europe spot rate, to $2,374 per teu – however, in practice, market rates are...
Continued delay in the roll-out of post-Brexit IT infrastructure has stymied the logistics industry’s capacity to hire and train staff to work with the new systems. One forwarder told The Loadstar that, without having access to the Check HGV (formerly, SmartFreight) or the Good Vehicle Movement Service (GVMS) systems, they were unable...
As China’s Golden Week national holiday comes to an end, container shipping spot rates on the main east-west trades have remained flat. According to today’s Shanghai Containerised Freight Index (SCFI), spot rates on the Shanghai-North Europe trade fell a marginal $19 to $1,149 per teu. On the Shanghai-Mediterranean route, the decline was just...
