Chris Lewis
AP Moller-Maersk said it “delivered extraordinary financial performance” in its 2022 results, with revenue up 32% to US$81.5bn, and EBIT earnings increased 57% to $30.9bn. This was driven by solid performance across all businesses during the abnormal market conditions in the first part of the year. However, as congestion eased and declining consumer demand led to a significant de-stocking in all segments, the expected normalisation of the Ocean market kicked ...
[+]
China Eastern Airlines has extended its cargo partnership with Worldwide Flight Services (WFS) with a new contract to handle Boeing 777 cargo flights in Liege.
The new three-year agreement will see WFS handling a forecast 32,000 tonnes of cargo per annum carried onboard up to nine B777 flights a week into ...
[+]
Europa’s Air & Sea forwarding arm has launched a new in-house IT platform, LeoWeb as part of its £10m Leonardo programme.
LeoWeb is now being offered to all air and sea freight customers. Europa says it reduces admin time and increases visibility of consignments. The online portal includes real-time tracking data, ...
[+]
Mergers and acquisitions in the UK logistics and supply chain management sector remained lively in 2022, despite activity falling from a record in 2021, says accountancy and business advisory firm BDO.
Moreover it added, in a fourth quarter report published on 10 February, 60% of deals were cross-border – the highest ...
[+]
A Lufthansa Cargo Boeing 777 freighter departed Frankfurt on 10 February at with aid destined for Antalya, mainly winter clothing, blankets, food and hygiene items. They were donated by Turkish communities in Hesse and Baden-Württemberg, as well as by local companies in and Lufthansa Cargo employees.
The Lufthansa Cargo subsidiary time:matters, ...
[+]
Britain’s beleaguered importers and exporters are facing some of the most significant challenges of all businesses, says broker ParcelHero. The Government’s Office for National Statistics (ONS) Business Insights survey revealed that 41% of companies trading overseas reported significant challenges, particularly rising transport costs with 29.6% of importers and 25.4% of ...
[+]
Organisers of the Multimodal freight show and conference in Birmingham say that 2023 is on track to be the biggest event yet.
Visitor demand for the exhibition – which takes place on 13 –15 June at the NEC - has prompted early opening for registrations, resulting in a 100% spike in ...
[+]
Emirates SkyCargo has signed a memorandum of understanding with Air Canada Cargo, building on the two airlines’ strategic commercial partnership announced last year.
The two carriers will work closely on initiatives including expanding cargo interline options and block space agreements, pending any required regulatory approvals. The aim is to offer freight ...
[+]
Independent courier SkyNet is to use the Eurora AI cross-border trade compliance platform to streamline its customs and import compliance. SkyNet will offer Eurora's automated product classification (HS) code allocation and Import One Stop Shop (IOSS) solutions, starting in the UK, and plans to expand globally across all its 26. ...
[+]
CMA CGM Group has signed a memorandum of understanding with French postal service La Poste Group and to increase cooperation between their respective subsidiaries CEVA Logistics and Geodis. The two companies will investigate ways of reducing the carbon impact of deliveries, including low-carbon urban deliveries. The aim is to cuts ...
[+]
« Back
More »
