The European Union stepped up pressure on the Greek government to levy a higher tonnage tax and end tax breaks for the powerful shipping industry amid growing fears the country is heading for default and an exit from the eurozone.
FedEx has formally asked European Union competition regulators to approve its 4.4 billion euro bid ($4.9 billion) for TNT Express two years after they rejected a planned 5.2 billion euro takeover by...
UPS has begun the construction of a new healthcare distribution center in the Netherlands a month after it opened a pharmaceuticals freight forwarding facility at Amsterdam Schiphol airport.
Russian cargo airline Volga-Dnepr signed a memorandum of understanding today to buy and lease twenty Boeing 747-8 freighters with a combined list price of $7.4 billion for its AirBridgeCargo Airline...
The freight rate collapse on the Asia-Europe trades has triggered a domino effect across carriers’ global networks with spot rates out of China to Australia and South America sinking to all time lows...
AirBridgeCargo’s traffic soared 16 percent in the first five months of the year as Russia’s largest all-cargo carrier continued to outperform its struggling European rivals.
The “new” enlarged Suez Canal that will allow two-way transits for ships will open on schedule on August 6, according to the waterway authority.
CMA CGM said it has successfully closed the issue of 725 million euros ($812 million) of its 7.75 percent senior unsecured bonds due 2021.
The top three ocean carriers — Maersk Line, Mediterranean Shipping Co. and CMA CGM — have boosted their share of global container capacity to 38 percent from 26 percent over the past decade and are...
In its most aggressive move in the African market in years, APM Terminals has begun construction on a new container terminal at Ghana’s largest container gateway and plans to invest heavily on inland...
The U.K. government has netted 750 million pounds ($1.2 billion) from the sale of half of its remaining 30 percent stake in Royal Mail.
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