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Market Focus
  • Geodis buys US freight broker Velocity Transport Jul 07,2021

    Global supply chain operator Geodis has acquired the assets of US freight brokerage firm Velocity Freight Transport, expanding its freight brokerage capacity in North America.The European group said the acquisition of a leading freight brokerage company based in Plano, Texas, from McLane Company &... [learn more]

  • Box cargo shifts to bulk vessels to find affordable capacity Jul 07,2021

    Freight forwarders and cargo owners are shifting some containerised cargo to bulk vessels to find affordable and available capacity to move shipments amid the rapidly rising prices and the highly disrupted current ocean freight markets – although this is expected to only have a limited effect on the... [learn more]

  • Maersk resumes Yantian calls as nearby ports remain under pressure Jul 07,2021

    Maersk has resumed voyages to Yantian as the congestion in the region eases but has warned the process will take some time to fully clear.It said 19 of its main lane services had been affected by the disruption at Yantian, which has been ongoing since an outbreak of coronavirus emerged in mid-May.“W... [learn more]

  • Egypt agrees to release Ever Given from Suez Canal Jul 06,2021

    The long-running dispute about the release of Ever Given (IMO: 9811000) has been resolved and the vessel will resume its voyage this week, more than three months after the incident that blocked the Suez Canal.“Following the agreement in principle between the parties, and after further meetings w... [learn more]

  • Culina buys Eddie Stobart owner GreenWhiteStar Jul 06,2021

    UK-headquartered food logistics specialist Culina Group has agreed to take over UK counterpart GreenWhiteStar Acquisitions – owner of Eddie Stobart and several other freight businesses – with immediate effect, creating a £2.2 billion (US$3 billion) turnover logistics business with a... [learn more]

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