He said that CSX is missing out on “lots of business”. This is ominous news as ports, forwarders and importers are bracing for the expected surge in traffic from China after the end of the lockdown in Shanghai. Rail capacity was one of the bottlenecks in the congestion of 2021, and everybody is ...

The Safe Trucking Freight Rates System was introduced during the first wave of the Covid-19 pandemic in 2020 to deter dangerous driving and to ensure minimum wages. It is scheduled to expire in December, after three years. The truckers, numbering at least 25,000, want this system to be extended due ...

US retailers reporting first quarter financial results noted that their inventory levels were down – and that they had been forced to significantly increase costs by using airfreight. Sportswear company Lululemon saw its inventory costs in the first quarter up 75%, largely due to airfreight and gr...

The IMO started its discussions on greenhouse gas emissions today, which could include halving emissions –  from a 50% decrease by 2050, to a 100% reduction in the same timeframe – a move expected to be backed by major countries. IMO secretary general Kitack Lim opened MEPC78 by telling del...

This means that certain firms are dominating cash inflows – $2.5bn for Indonesia’s J&T Express, $1.5bn for Lalamove, another billion for Flexport – and are also beginning to deploy these war-chests in M&A: $2.8bn was spent by star-ups in the US alone in 2021 on acquisitions. All of whi...

On 6 June some containers were still burning fiercely and were pouring smoke into the atmosphere at the Sitakunda, Chittagong, inland facility, 40km north of the port, where the fire broke out on Saturday night. Several subsequent blasts reportedly killed at least 49 people, eight of them fire-fight...

However, there was little other new information on air cargo in CMA CGM’s 39-page financial results for Q1. In what will surely change, CMA CGM does not currently separate out its air cargo results, instead lumping them in with ‘Other activities’ which “mainly” include port terminals and a...

Group chairman and CEO Rodolphe Saadé said that the French logistics group would remain “mobilised” to meet the supply chain challenges faced by its customers. “We are also vigilant in the face of the risk of a deterioration in the global economic situation, linked to the pandemic, the rise i...

The new service expands DB Schenker’s groupage system freight network to include standardised B2C shipping, thereby increasing its delivery range from 22m companies to 195m private households in Europe. This enlargement is a response to the increasing demand for B2C delivery and the ongoing megatr...

Founded in 1997 by CEO Wong Tat Shing and chairman Ramthur Chim, the group has incorporated ENL Group Holdings in the Cayman Islands to apply for a listing in Hong Kong. The listing prospectus, filed on 30 May, did not give any timeframe and fund-raising target for the IPO. The group started out wit...