Chief executive of Port of Dover Doug Bannister said today such was the extent of the chaos that he was declaring it a “critical incident” and, while much of the focus has been on holidaymakers, the impact on cargo throughput was “massive”. Brokerage manager at Metro Shipping Andy Fitchett t...

They are reducing some of the complications of importing non-military supplies into the country, which has been at war with Russia since 24 February. Freight costs to and from Ukraine have increased as a result of the war, mainly because shipping lines that can no longer insure cargo or equipment mo...

According to one pan-European air freight road feeder services (RFS) operator, which has a number of major cargo-carrying airlines among its customers: “The situation is serious as airlines are having to re-route freighters to alternative hubs, and this is causing disruption and delays. “RF...

Issues that could impact rates in a number of key regions include Ukraine, potential labour unrest in the US and Europe and ongoing bottlenecks slowing supply chains, according to COO Steen Christensen, who joined the firm in June. “Rates won’t go back to the $20,000 levels we have seen, but wil...

It anticipates net earnings per share of $5.15 to $5.25 this year, 5.6% higher than the midpoint of the range predicted in April, when management then upped its guidance by 10%, in the wake of first-quarter results. “The pandemic drove record demand for the past two years, which translated into al...

Atlanta-based UPS is the latest mover: the logistics giant has announced the opening of a new airport gateway facility at Bengaluru (Bangalore), its second in India. The 1,500 sq metre centre is equipped with cargo sorting and in-house customs clearance facilities.  UPS said the Bengaluru...

The $260m acquisition was made through Daesang’s affiliated private equity firm, UTC Investment, and another South Korean private equity player, Forest Partners Traffix, which employs about 500 people, has a trucking network spanning the US, Canada and Mexico, and also offers warehousing. Daesang ...

The pair have worked in a joint-venture partnership for more than 10 years, but Ligentia’s newly deepened pockets, boosted both by the market of the past two years and last year’s investment by Equistone Partners, has enabled it to launch acquisition plans. The VGL Solid takeover will boost Lige...

The decline in spot pricing appears to have eased, having sunk below contract rates.   The US Bank Freight Payment Index for the second quarter, released today, shows growth overall in the truckload market, with shipment volumes up 2.3% from the first quarter.  This came after two consecut...

“They had no idea the shipping container was full of toxic gas. But mere moments after opening it, the two workers began to feel the effects. One man fell unconscious, convulsing with epileptic seizures. The other felt an irritation in his throat and began salivating uncontrollably. “The cargo p...