It was a positive start to the year for the port of Hamburg as Baltic volume shifting from Russia and a rise in China cargo pushed up first quarter throughput.
The board of UK e-commerce and reverse logistics specialist Clipper will recommend shareholders accept terms of a takeover deal from New York-based GXO.
DB Schenker has been unable to keep pace with its global peers over the past year as they make billion-dollar investments to build scale that is critical in the fragmented forwarding market.
While a rate "plateau" may be looming, container congestion and equipment supply shortages will continue to push spillover cargo into the MPV sector, analysts say
German carrier Hapag-Lloyd will not be investing in the air or sea freight forwarding business, keeping its focus on the ocean transport of containers.
Hapag-Lloyd has joined other major carriers in shrugging off flat volumes to ride high rates across congested ocean trade lanes to a record annual operating profit.
Initially considered a temporary measure, some forwarders believe the shift from relying on fixed-price block space agreements with airlines to full charter operations has become permanent.
While its rivals target acquisitions that fit an integrated end-to-end logistics strategy, Hapag-Lloyd has instead focused on expanding its core container shipping network.
Not all Christmas goods will be available in Germany as ongoing congestion at the country’s ports disrupts supply lines and delays deliveries for retailers and manufacturers.
Port congestion at major European hubs and supply-side disruption across the regional logistics chain continues to put the brakes on factory production.