Business
Hapag-Lloyd recently reported that it concluded the first nine months of 2023 with a Group EBITDA of $4.5 billion and a Group EBIT of $3.0 billion. The Group profit stood at $3.4 billion. These results are significantly below the prior-year level due to the severe change in market conditions. With the further expansion of its terminal business, the Hapag-Lloyd Group’s business activities have also been split for the first time ...
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Cargo moving through the Port of Long Beach in October rose for a second consecutive month amid preparations for the upcoming holiday shopping season and ongoing efforts to recapture market share.
Dockworkers and terminal operators moved 755,150 twenty-foot equivalent units (TEUs) last month, up 14.7% from ...
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Capt. John Murray, Port Canaveral CEO, presented a comprehensive overview of the Port's strong performance in Fiscal Year 2023 and expressed a positive outlook for the upcoming FY 2024 during his annual "State of Port" address on Nov. 8.
Capt. Murray showcased the Port's substantial economic ...
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The International Air Cargo Association (TIACA) announced the results of the fifth edition of the Air Cargo Sustainability Awards, run in partnership with one of the leading industry IT solution providers CHAMP Cargosystems. The Awards aim to recognize outstanding businesses and industry initiatives seeking to ...
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FedEx directly contributed more than $80 billion to the global economy in the 2023, financial year despite recent economic pressures, according to the express and logistics company’s annual economic impact report, released on 6 November.Produced in consultation with data and analysis firm Dun & Bradstreet, ...
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Kerry Logistics Network was named the Asia-Pacific Logistics Company of the Year for the seventh time in a row at the 2023 Frost & Sullivan Asia-Pacific Best Practices Awards (the ‘Awards’). The awards ceremony was held in Malaysia on Nov. 8, 2023.
Organized annually by global ...
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Amazon is entering into an agreement for a new last-mile facility in Caddo Parish. This new facility will be approximately 87,000 square feet at the Shreve Park Industrial Campus located off Highway 3132. Launch plans for this delivery station are in the early stages, with ...
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Swiss WorldCargo has announced its partnership with Sonoco ThermoSafe. The two industry leaders have signed a global master lease agreement for the deployment of Sonoco ThermoSafe's innovative Pegasus ULD® temperature-controlled bulk shipping container. This collaboration paves the way for pharmaceutical freight forwarders to access the ...
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American Trucking Associations advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in September after rising 0.2% in August. In September, the index equaled 113.9 (2015=100) compared with 115.2 in August.“After hitting a bottom in April, tonnage increased in three of the previous four ...
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The Helen Delich Bentley Port of Baltimore has achieved a new cargo volume recordat its state-owned public marine terminals, handling 11.6 million tons of general cargo during the 2023 fiscal year. The milestone surpasses the previous record of 11 million tons set during fiscal year ...
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