• Kuehne+Nagel to sell minority stake in Apex to investment firm Jul 02,2021

  Kuehne+Nagel (KN) has agreed to sell a 24.9% equity stake in Apex International Corporation – its biggest acquisition to date – to investment firm, Partners Group.The European freight forwarding and logistics giant completed the CHF 1.1 billion (US$1.2 billion) purchase of Apex as recently... [learn more]

• Schedule reliability in ocean shipping remained low in May Jul 02,2021

  Schedule reliability in ocean shipping, which has been largely consistent these past few months, albeit at a much lower level than the industry stakeholders would have preferred, declined by 0.2 percentage points in May on the previous month to 38.8%,new analysis by Sea-Intelligence has revealed.Its latest ... [learn more]

• Cathay Pacific converting more pax aircraft into 'preighters' Jul 02,2021

  Cathay Pacific is converting more of its passenger aircraft into 'preighters' in response to the ongoing air cargo capacity crunch.“We were already preparing additional capacity for the peak season. While our passenger network is slowly growing, with an expectation that we will offer around ... [learn more]

• Shipping urged to ‘engage’ with supply chain to solve US port problems Jul 02,2021

  Carrier alliances have been told they should enter talks with the operators of Port of New York & New Jersey to ease the return of empty containers.US Federal Maritime Commissioner Carl Bentzel said it was apparent that the ongoing situation at the port “related to the delivery of imports ... [learn more]

• Ocean to air conversions surge as box congestion issues worsen Jul 01,2021

  Air freight exports from China and other parts of Asia are picking up again as worsening congestion and capacity issues add to backlogs of ocean freight cargo and increase the volumes of ocean-to-air freight conversions – increasingly including some non-premium consumer goods being shipped by air.... [learn more]

• Hellmann to trial European cargo drone deliveries ‘from next year’ Jul 01,2021

  Hellmann Worldwide Logistics has unveiled plans to offer European customers “a pioneering new transport service for the cross-border transportation of time-critical goods” using cargo drones, with the first routes expected to begin as early as next year.The European logistics group announc... [learn more]