As a project cargo pipeline "hole" looms thanks to retrenchment in the oil and gas sector, slow scrapping and newbuilding orders are not enough to cure sector over-tonnage.
Thursday August 13, 2020
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United Kingdom
Press Releases
25 Jun 2020
NVO market share of US imports from Asia increases as dozens of blank sailings push cargo owners to seek capacity their core carriers are not providing to them.
18 May 2020
Stay-at-home orders and travel bans removed virtually all passenger traffic from cross-channel ferries, eliminating a crucial revenue source and threatening the transport of essential goods between the UK and Europe.
16 Apr 2020
XPO Logistics CEO Bradley S. Jacobs believes the US and global economies will recover in “fits and starts” in the second half of 2020, and supply chains will become more resilient.
08 Apr 2020
A global economy hammered by pandemic control measures and an oil price war is bad news for the MPV/HL sector, maritime consultancy Drewry reports.
08 Apr 2020
With much of the air freight capacity limited on routes to and from China, and more than 30 percent of the ocean capacity canceled, shippers are making greater use of rail services amid pandemic-related supply chain disruptions.
25 Feb 2020
A no-deal Brexit could knock 14 percent off the UK’s exports to the European Union by value, according to a new United Nations study.
31 Jan 2020
The UK formally leaves the EU at 11pm Friday, Jan. 31, beginning an 11-month transition period where its future trading relationship with the EU will be determined.
29 Jan 2020
Measures being applied to limit the spread of the coronavirus have led to several global carriers making significant cuts to their China flight schedules.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
13 Jan 2020
Air cargo may have had a year to forget in 2019, but in Europe it will be remembered as the year seafood exports to Asian markets, especially Norway to China, started to really take off.
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