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Freight body calls for ‘more work’ as Brexit deal is ratified Apr 29,2021
With today’s news that the European Parliament has ratified the UK-EU Trade and Co-operation Agreement (TCA), the British International Freight Association has stressed that there is still much work to be done as freight forwarders and their customers continue to report “ongoing disruption... [learn more]
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DSV Panalpina to acquire Agility’s Global Integrated Logistics business Apr 28,2021
Serially acquisitive Danish freight transport and logistics company DSV Panalpina today announced another major acquisition in the form of Agility Global Integrated Logistics – the global logistics division of Agility Public Warehousing Company (Agility) – in a deal valued at US$4.2 bi... [learn more]
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DSV Panalpina to acquire Agility’s Global Integrated Logistics business Apr 28,2021
Serially acquisitive Danish freight transport and logistics company DSV Panalpina today announced another major acquisition in the form of Agility Global Integrated Logistics – the global logistics division of Agility Public Warehousing Company (Agility) – in a deal valued at US$4.2 bi... [learn more]
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KN expects buoyant demand to continue in sea and air freight Apr 28,2021
Kuehne + Nagel expects the buoyant demand for its sea and air freight forwarding services in the first quarter (Q1) of the year to be maintained in the foreseeable future, to a backdrop of continued uncertainty due to the COVID-19 pandemic and a rebound in economic activity and trade volumes.Speaking at a con... [learn more]
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Maersk lifts guidance on strong freight rates Apr 28,2021
Maersk has increased its earnings outlook for the full year by nearly half on the back of strong rates and the “exceptional” demand in the container shipping sector.It now expects earnings before interest, tax, depreciation and amortisation to be in the range of $13bn–$15bn, up f... [learn more]
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Ocean rates plateau as air rates climb Apr 28,2021
Despite continued delays and disruptions, Asia-Europe ocean rates – along with those on all major trade lanes – were level this week, possibly suggesting the industry has reached its ceiling for spot rates, digital rates specialist Freightos noted today.But demand is not showing any signs ... [learn more]