“Li & Fung Limited (…) today announced it has entered into a subscription agreement with Temasek (..) for a cash consideration of $300m for approximately 21.7% stake of its Logistics business (“LF Logistics”). The investment values LF Logistics at approximately …

THE SEATTLE TIMES reports: “Federal prosecutors have subpoenaed records from Boeing relating to the production of the 787 Dreamliner in South Carolina, where there have been allegations of shoddy work, according to two sources familiar with the investigation.”
To read …

MARKETWATCH reports: “President Donald Trump and China’s Xi Jinping agreed to a cease-fire Saturday in their nations’ yearlong trade war, averting — at least for now — an escalation feared by financial markets, businesses and farmers.”
To read the full …

SEKO Logistics has significantly augmented its healthcare logistics services in Europe by gaining ISO 13485 quality management certification for its major facility in Amsterdam, strengthening its robust service offering for medical device manufacturers and distributors – especially those with critical …

Unifeeder is introducing a new weekly service between Poland and the East coast of Sweden. It is an addition to its existing service, now connecting three ports in Sweden and four major continental ports in Poland and Germany. The first …

As expected, container spot rates have soared between Asia and the US this week, buoyed by GRIs and radical capacity cuts by carriers.
The Shanghai Containerized Freight Index (SCFI) recorded a massive 24.5% leap in spot rates for the US …

Air Cargo Netherlands, and IATA, have spoken out against a proposal to tax air cargo in the Netherlands, which would be a further blow to the Dutch air freight sector. 
This week, the government held a closed meeting in the …