Gary G Burrows
A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of 2023), achieving an EBIT profit margin of 1.4 percent, compared to a 4.6 percent loss in the further quarter 2023 and a profit improvement of ...
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Swiss logistics and freight forwarding provider Kuehne+Nagel’s first quarter earnings declined from the same period in 2023, though the company’s sea and air logistics showed slight improvement.First quarter net turnover was down 18 percent to US$6.06 billion, with an EBIT of US$414 million and earnings before minorities of US$306 million. ...
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Intermarine, part of the JSI Alliance with Jumbo and SAL, is expanding its portfolio to offer bulk shipping services under the new Intermarine Bulk Carriers brand.Intermarine is also expanding its fleet with two additional F300 vessels, bringing the new fleet to 30 units.The newly founded Intermarine Bulk Carriers will commercially ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, and market expansion, particularly in ...
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The U.S. Department of Transportation's Federal Highway Administration is funding US$7.1 million for port improvements in Louisiana under a new Bipartisan Infrastructure Law, or BIW, program created to improve air quality for truck drivers, port workers and families that live in communities surrounding ports.The Port of New Orleans will use ...
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The U.S. Department of Transportation’s Federal Aviation Administration has awarded another round of funding for 90 airport-related infrastructure grants, totaling US$186.7 million across 34 states.The projects are funded under President Biden’s Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the US$25 billion total included in the law for ...
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Drewry’s May Port Equity Index improved 8.6 percent in the first quarter 2024, ended May 8, compared to a 1.3 percent decline recorded by the S&P 500.This increase was largely due to a 12.1 percent surge in stock prices of global terminal operators, or GTOs, and a 3 percent increase ...
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DHL Group said it is transitioning key leadership in DHL Supply Chain North America, with Patrick Kelleher, current global chief development officer, assuming the role of North America CEO, effective July 1, succeeding Scott Sureddin, who will retire Dec. 31.“Our North America business has achieved incredible growth thanks to the ...
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The Port of Brownsville has secured the first tenant, Westa Inc., at the port’s new 118-acre business park.Westa Inc., a major player in the agricultural industry, will invest US$20 million to establish an advanced wheat flour mill and wheat storage silos at the Port of Brownsville. The company will develop ...
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Container ship deliveries are continuing their blistering pace into 2024, BIMCO said, as deliveries have already topped 1 million TEUs of container ship capacity in the first four months of the year.The pace is an 80 percent increase over the same period in 2023, when deliveries reached 2.3 million TEUS ...
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