This has dealt another blow to Incheon port after Pacific International Lines pulled its SWS service, which linked Incheon to West Africa, at the end of June. This was attributed to a decline in shipments of used cars from South Korea. In the first four months of the year, Incheon, South Korea’s t...

Surpassing the million teu mark for the first time, Gateway reported a 10% increase in volumes as it bettered its previous half-year performance to continue a pattern of surging growth – having recorded a 15% upturn for full-year 2021 after 23% growth in H1 21. UK CEO of DP World Ernst Schulze sai...

DB Schenker reported today that volumes in the first half had shrunk by 5.4% in air, 3.4% in sea and 5.5% in land, year on year. Yet total sales increased 35%, to €14.1bn, adjusted ebitda rose 64%, to €1.48bn, and adjusted ebit went up 91.3%, to €1.18bn. The German forwarder, whose earnings ar...

Within two days, management announced 1,000 redundancies and tabled a $1.2bn deficit. When he announced the staff cuts on Tuesday, company founder and CEO Toby Lütke acknowledged that his reading of the growth trajectory of e-commerce had been overly optimistic. When the pandemic turbo-charged the ...

Read more... ...

The operation will start with two routes, one covering the centre and north of Spain, and the other part of the Mediterranean area, carrying mostly foodstuffs. Trips are completed in 28 to 34 hours, a reduction of almost 50% on standard transit times, with the time-saving made possible by the use of...

Increasing numbers of Covid cases in Dongguan and Shenzhen have led authorities to reduce cross-border truck movements with Hong Kong, from 3,500 to 1,500 a day until further notice, according to Dimerco. The forwarder added: “This reduces capacity to just 10% to 20% of normal [levels] and is expe...

However, extended dwell times meant yard density and terminal congestion increased significantly. Ocean carriers initially dealt with chronic congestion by skipping calls and overlanding containers at smaller ports, but the transhipment relay operations have aggravated terminal congestion at the des...

There are doubts, however, that the integrator can come to grips with a festering problem affecting its performance. From 15 August, FedEx Ground will no longer deliver parcels on Sundays to “certain lower-population markets”, the company announced, adding that this would reduce its coverage of ...

The price tag is well below the rumoured £725m China’s HNA Group was reported to have earmarked to ink a deal in mid-2018, before its talks with Gist owner German chemicals giant Linde collapsed. Linde had reportedly put Gist on the block as far back as 2015, with Morgan Stanley hired to find a b...