Geodis is joining other large forwarders in leasing its own freighter as shippers look to secure both speed and capacity in the face of manufacturing delays and challenging ocean freight services.
The forwarder has leased, for “several years”, an A330-300, …

CMA CGM has posted an astonishing 2,500% increase in its net profit, to $3.5bn, for the second quarter, compared with the same period of last year.
And it added that it should “further improve” these record results in the second …

As I pointed out – and quite timely, as it turned out – in my most recent column, industrial action has hit Melbourne’s Toll Group and is likely to affect other major transport companies.
But is the Australian Transport Workers …

PRESS RELEASE 
– Acceleration of the Group’s transformation designed to offer a complete set of shipping and logistics solutions to its customers.  
– Continued investments in the Group’s industrial assets: addition of 14 new owned vessels and 32 second-hand vessels …

PRESS RELEASE 
(Adds: All figures below in A$)
– Group revenue $8.27 billion up 10.3 per cent, driven by the continued eCommerce growth
– Group profit before tax $100.7 million – up 87.7 per cent from $53.6 million
– Invested …

Shippers and BCOs must be prepared to take part in “beauty contests” to determine their suitability for long-term contracts with their carriers.
But, given the extent to which the market has pivoted in favour of the shipping lines since the …

To take advantage of skyrocketing freight rates, liner operators added 23 transpacific services between July 2020 and last month, boosting nominal capacity by 33%, according to the Shanghai Shipping Exchange.
In July 2020, global container shipping capacity stood at 23.8m …