Goodbye 2021, we’re done. But watch out, here comes 2022! How lucky I recently argued that we are in a supply chain stalemate, as ports around the world remain congested due to excessive numbers of out-of-position empty containers not being loaded for repatriation by the world’s shipping lines, among other factors. But how can...
Maersk’s proposed $3.6bn acquisition of Hong Kong-based LF Logistics represents a “significant milestone” in its transformation into a global integrator of container logistics, according to the CEO of its Ocean & Logistics division, Vincent Clerc. Maersk will purchase LF Logistics from controlling shareholder Li & Fung and Singapore state-owned investment vehicle Temasek, which...
MSC’s surprise last-minute €5.7bn bid to acquire Bolloré Africa Logistics from under the noses of its ocean carrier rivals represents a change of direction for the Aponte family business. Hitherto, MSC has relied on organic growth to rise to the top of the container line rankings, and has shied away from large-scale...
Maersk has signed a four-year contract with FMCG and food production giant Unilever to provide operational management of its global ocean and air freight transport. The agreement will also see the carrier develop and manage Unilever’s International Control Tower Solution, which will build on the Virtual Ocean Control Tower debuted earlier this...
DB Schenker has internally announced the appointment of a chief transformation officer (CTO), sources say, charged with leading the German group on a “sustained strength” trajectory after a “hugely successful stint” since the pandemic began in Q1 20. (UPDATE: the full announcement released today by the DB Schenker management board can be found below...
US importers and forwarders are looking to New York’s Port Elizabeth Terminal for a faster intermodal link to the US Midwest and Canada. APM Terminals Elizabeth is marketing a new service that claims faster transfers from ship to rail, with multiple daily train departures to the interior. Key to the operation is a...
Antwerp is positioning itself to be the UK’s gateway to Europe. Unaccompanied container volumes have increased considerably over the past year, despite markets being depressed, and the expectation is that this trend will continue next year, Port of Antwerp international development manager Wim Dillen told The Loadstar in an interview. With the recent...
Maersk has recorded the best quarter in its history, reporting a net profit of $2.7bn for the first three months of the year, compared with $209m for Q1 20. The Danish transport and logistics group attributed “around $2bn” of the result to the “extraordinary market conditions”. And Maersk’s profit for the period could...
North American railroads recorded a mostly positive first quarter in intermodal, with CN, CSX and Union Pacific all growing – but at Canadian Pacific, the picture was more muted. Chief executive of CN JJ Reust, announcing the 14% growth of intermodal revenue, claimed the company was destined to become the “premier railway...
It’s big news that will shock no one. Some two years after DSV leapt into the list of forwarding superstars with its bold acquisition of Panalpina, it is now adding some $4bn to annual revenues with the acquisition of Agility’s Global Integrated Logistics (GIL). It’s a new twist in an old tale:...
