Box shipping faces $11 billion IMO 2020 bill
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
The Motley Fool discovers last-mile logistics. IMO 2020 will impact logistics warehousing footprint, JLL says
Spanish capital Madrid is working on a blockchain-powered transport application that unifies all mobility systems across the city and provides high levels of data security to its users.
Private equity firm plans to revitalize Manston Airport.
Reckless e-scooter riders were penalized by the German police for drunk driving in Munich as they left the world’s largest beer festival Oktoberfest.
Swissport has launched a global initiative to speed up air cargo handling processes at its cargo warehouses by introducing newly developed self-service via kiosks. Swissport’s cargo business at Brussels Airport […]
For decades, the European freight rail system has had no major upgrades with regard to axle load capacity, train length or car vertical height.
Self-driving cars from a U.K. startup Oxbotica took to Stratford’s streets earlier this week, successfully wading through traffic and proving itself safe to navigate in an urban setting.
Unable to raise cash to continue operating, Slovenia’s flag carrier has ceased operations
Spain’s road transport sector faces a “profound” shortfall in drivers, says IRU
The introduction of new low-sulfur fuels, bearish demand and increased blanked sailings will bring more volatility to box markets in the coming months, says MSI.
WTO green-lights $7.5 billion of tariffs
Truck subsidiary of Volkswagen AG will split investment into electric vehicle and software development to speed introduction of alternative fuel and self-driving commercial vehicle options
Tel Aviv is the carrier’s latest destination
With Thomas Cook in liquidation, lucrative take-off and landing slots are highly prized
From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is not mandatory until January 1, 2020.
Export and import volumes falling well below earlier estimates as economy slows and trade tensions rise.
DHL Group announced its Strategy 2025 where it expects digitalization to help power its EBIT to at least €5.3 billion by 2022.
With 7,000-10,000 trucks using the Calais-Dover route between France and England every day, a no-deal Brexit will hit haulage companies hard, says the IRU.
After two unsuccessful bidding rounds, France’s second largest airline has entered liquidation
Connected vehicles usher in high levels of complexity due to increasing functionalities, and it is vital for software security to take stock of the situation and update firewalls constantly.
Air and ground express firm DHL Express announced September 27 a 5.9% general rate increase on shipments moving to and from the U.S., effective January 1, 2020. The increases are […]
The Italian government is begging U.S. major Delta Air Lines to up the proposed acquisition of a 10% stake in Alitalia for $100 million to at least 15%, according to a report in Italian media.
Leipzig-Halle-based cargo carrier is allowed to operate
Investment bank Jefferies warns of unexpected consequencies to WTO Airbus subsidiary decision
U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.
XPO Logistics may be getting back in the M&A game
Asset investment manager acquires a 45% stake in Liverpool John Lennon Airport
Digital freight-forwarding platform grows European business – and gains 10,000 connected vehicles – after an aggressive year for fundraising.
The start of the box shipping slack season commences next week when Chinese factories close for the Golden Week holiday. Further spot rate losses are predicted by Alphaliner.
Trade lanes will come to a halt if the U.K. exits the EU on October. 31, believes the Secretary-General of the European Shippers Council.
Blackstone Group forms what it calls largest last-mile logistics real estate firm in Europe, Mileway
BlaBlaCar sees this acquisition as a unifying opportunity for Eastern Europe’s fragmented market under a single platform to meet a greater diversity of rider needs.
Flexport’s head of airfreight believes a small bump in demand out of Asia could result from new U.S. tariffs, while higher fuel prices will push up air cargo costs.
Germany has unveiled a climate package which experts believe is not ambitious enough, coinciding with the time Germany inches closer to an economic recession.
A dispute over slots may force Kalitta Ait to exit Schiphol Airport
Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves’ Mike King reported, the Maersk […]
European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU and the U.K. in the absence of a Brexit trade deal.
France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU
New European study of popular LNG truck models show that they release 2 to 3.5 times more poisonous NOx gases than an average diesel truck.
FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.
Blockchain to be deployed by VAKT to smooth the post-trade process
Wunder Mobility has raised $29 million in an extended Series B round and is channeling it towards expanding its geographic footprint and suite of mobility solutions.
Boris Blanche, managing director of the International Road Transport Union, believes upskilling, better recruitment practices and semi-autonomous trucking can help address the shortfall of drivers.
According to an MSI analyst, a key mainline container trade hardly bumped this summer – and the forward outlook for carriers is less than upbeat.
In wake of poor q1 results and a massive decline in share price, questions arise as to whether FedEx’s issues are cyclical or structural
The International Road Transport Union has taken the lead in setting the global road transport agenda, which calls for greater cooperation between industry stakeholders and government bodies to ensure economic prosperity.
FedEx posts lousy fiscal q1 results but insists that the long-term outlook remains bright
The recent acquisition of freight forwarder and logistics specialist Panalpina by DSV marks one of the few M&A deals that have occurred in the market over the last several years.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
DP DHL open s innovation center for Americas, the third center in its global network
With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks
Carriers are set to withdraw more Asia-Europe sailings in Q4 as excess capacity drags on freight rates.
Higher transport costs are a price worth paying to cut carbon emissions, says a U.K. government energy czar. Ship owners beg to differ.
German Chancellor Angela Merkel addressed the gathering at the IAA 2019 on sustainable mobility amidst heavy criticism over the event by environmental activists.
Understanding and analyzing data acquired from current mobility systems could help pave the way for sustainable and affordable mobility of the future.
Digitalization and automation are increasing the risk of cyberattacks, say intelligence agencies, but many shipping companies are refusing to act.
Truck capacity across the English Channel could be cut to 50% for up to three months, resulting in two day queues for drivers.
The European Automobile Manufacturers’ Association explained its goals towards the future, which involve the creation of a comprehensive plan to enable zero-emission mobility across Europe.
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
Future attacks could be far worse than the $10 billion ‘NotPetya’ attack in 2017 that hobbled Maersk and cost FedEx $300 million.
France’s second-largest airline suspended flights Sept. 6.
Acquisition of Panalpina creates one of the world’s largest transport and logistics companies.
Digital logistics company Marine Transport International is collaborating with The Recycling Association to enable recycling businesses to relay essential information on trash to stakeholders within the trash value chain in a transparent and swift manner.
But a failure to secure a no-deal Brexit could scupper their plans to reshore manufacturing.
Humans are helping e-tailers lower logistics costs; logistics newbies, meet the seasoned pros
Healthy container throughput growth suggests they might be.
The global market for pharmaceuticals reached $1.2 trillion in 2018, up $100 billion from 2017,
But trade associations call for more certainty as political impasse continues.
The Tasmanian airport is gearing up to become a cargo hub.
The air cargo-handling arm of financially troubled Chinese conglomerate HNA Group refinanced corporate debt in August.
Pilot eLCV projects are planned in the U.S. next year with local production a long-term aim.
Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 […]
Data on recorded cargo thefts in the EMEA region shows an alarming increase this year, with it crossing €55 million in the first half of 2019.
Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a no-deal exit from the European […]
Europe’s air cargo industry has not been the quickest when it comes to embracing the digital world, but efforts are being made to catch up. A series of carriers have […]
The Amsterdam airport did report an €18 million year-over-year increase in revenue for the first half of 2019.
Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy […]
As a medium of shared mobility. e-scooters are finding wider acceptance in Germany, but it is yet to be seen if they can decrease street traffic.
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
The Luxembourg-based airline takes an unusual path to pay for its latest B747-ERF.
MUFG Bank’s anticipated acquisition of the aviation finance business of DZ Bank draws scrutiny.
Transfreight Automotive Logisitcs Europe, a fleet with over 90 vehicles, has shut down.
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
Conservative Andreas Jung floats increased fees for trucks and investing the proceeds in railroads to fight climate change.
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.
There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.
Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a […]
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.