There was moderately better news for APL and Zim in the third quarter; while APL enjoyed the scale benefits that came with its new parent, CMA CGM, Zim managed to narrow its net losses by almost 50 percent.
21 Mar 2016
Paris-listed Bolloré Group, which holds 21 port concessions worldwide and operates 14 container terminals in Africa, announced a 2 percent drop in revenue for 2015 to $12.2 billion.
25 Feb 2016
Downturn? Recession? They're not in XPO Logistics' sights this year. The $7.6 billion logistics and transportation company sees e-commerce fueling many of its asset-based and non-asset business segments in North American and Europe.
06 Jan 2016
Air France’s troubled cargo unit faces further disruption as unions have called for five days of strikes across the carrier in January.
23 Dec 2015
Truck traffic on the rail tunnel beneath the English Channel has hit an all-time high this year despite disruptions caused by the migrant crisis at the France port of Calais.
18 Dec 2015
Channel tunnel operator Eurotunnel has said that it will be seeking permission from a France court to sell the freight ferry Nord-Pas-de-Calais following a British Supreme Court judgement confirming earlier decisions by the U.K. competition authorities barring it from operating out of the port of Dover.
09 Dec 2015
The price Temasek will get for NOL from CMA CGM if the deal goes ahead is below the book value of the company, according to Alphaliner.
07 Dec 2015
CMA CGM has made a $2.4 billion cash offer for Singapore’s Neptune Orient Lines in a transaction that will proceed once anti-trust approval has been received from authorities in the EU, the U.S. and in China, which is expected in mid-2016.
22 Oct 2015
The number of freight trains using the tunnel between the U.K. and France declined by 33 percent in the third quarter largely due to the migrant crisis at the port of Calais.
12 Sep 2015
XPO's experience with Norbert Dentressangle, a major logistics company and truck operator in Europe, informed its decision to buy Con-way and operate a "blended capacity mix" of owned, contracted and independent trucks and carriers, Chairman and CEO Bradley S. Jacobs said.