Logistics News

 

Canada's Trudeau Urged to Head Off Port and Rail Strikes

May 14, 2024

The western oil- and grain-producing province of Alberta on Monday urged Canadian Prime Minister Justin Trudeau to do all he could to head off potentially devastating strikes by railway and port workers.Staff represented by the Teamsters union voted overwhelmingly this month to strike as early as May 22. Railways are critical to Canada's economy, due to its vast geography and exports of grain, potash and coal…

US Tariffs Expected to Cause Supply Chain Disruption

May 14, 2024

Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on Tuesday.The tariffs will be imposed on a wide range of Chinese imports including semi-conductors…

DP World Acquires Savan Logistics

May 06, 2024

DP World on Monday announced it has completed its acquisition of Savan Logistics, which operates the Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos, the first SEZ in the country. Savan Logistics has been operating the dry port since 2016…

Renewable Energy System Dedicated at Port of Long Beach

May 03, 2024

State, city and Port of Long Beach officials Thursday joined Toyota Motor North America and FuelCell Energy to celebrate the grand opening of the first-of-its-kind “Tri-gen” system to generate renewable hydrogen, electricity and water to support…

CPC Coli Istanbul Reports Strong First Quarter

Apr 17, 2024

CPC Coli Project Cargo in Istanbul reports it has started out 2024 strong with a positive first quarter.The company said it contracted a continuous flow of industrial project cargo shipments. The full subsidiary of COLI Group (Germany) handled projects consisting of more than 10…

ILL EFFECTS: COVID Wiped 24.6m TEU off Container Market Growth

Apr 17, 2024

“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen…

DFDS to Buy International Network from Ekol

Apr 09, 2024

Danish shipping and logistics firm DFDS said on Tuesday it has agreed to buy the international transport network of Turkey's Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year.The network connects…

DP World to Build $50 Million Logistics Center in Busan New Port

Mar 17, 2024

DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…

SAAM Closes 2023 with Historic Earnings

Mar 12, 2024

SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million…

Blue Water Opens Project Logistics Office in Bremen

Mar 08, 2024

Denmark-headquartered transportation and logistics company Blue Water announced the opening of its new project logistics hub in Bremen, Germany, a move that targets regional growth and aims to help expand the company's energy, ports and projects division…

CMA CGM Caps Logistics Push with $5 Billion Bollore Deal

Feb 29, 2024

France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore…

EU Clears CMA CGM's Acquisition of Bollore Logistics, Subject to Conditions

Feb 23, 2024

The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM, subject to a number of conditions proposed by the companies.The commission, which oversees competition policy in the 27-nation European Union…

Let’s Set Some Standards for Micro Cargo

Feb 15, 2024

As zero carbon cargo efforts are progressing, it is becoming more apparent that the lowest hanging fruit is in the last few miles. This is where a large amount of carbon is expended in delivering small parcels to stores and consumers’ doors…

Maersk Will Consider Possible DB Schenker Deal

Feb 08, 2024

A.P. Moller-Maersk will consider whether to buy Germany's DB Schenker, the logistics arm of Deutsche Bahn which was put for sale last year, its CEO said on Thursday.'It will have consequences whether we do the deal or don't do the deal because it changes the landscape in logistics…

ESL Revamps GALEX Service, Launches New Services

Feb 02, 2024

Effective February 14, 2024, ESL’s flagship GALEX service will provide direct connections between key Chinese ports and the newest addition – the dynamic Saudi Arabian maritime hub of Dammam. In addition, the modified port rotation reduces transit time between key ports in China and Jebel Ali…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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