PRESS RELEASE

Addition of Leading North American Bulk Chemicals Carrier Will Establish First Integrated Multimodal Chemicals Transportation Solution
JACKSONVILLE, Fla. – May 12, 2021 – JACKSONVILLE, Fla. – May 12, 2021 – CSX Corp. (NASDAQ: CSX) today announced that it …

ORBCOMM said earlier this week that the takeover by GI Partners is on track to close in the second half of 2021.
Announcing the expiration of the 30-day “go-shop” period “under the terms of the merger agreement between ORBCOMM and …

Four-year-plus charter deals are becoming the norm as shipowners ratchet up the pressure on liner companies.
As their confidence of the sustainability of currently elevated freight rates grows, ocean carriers are committing to ever longer charter periods.
According to one …

CMA CGM Air Cargo has launched three new routes – but forwarders are starting to question whether the airline’s proximity to sister company Ceva Logistics means it is as capacity-neutral as initially thought.
Yesterday the four-aircraft airline, like Ceva owned …

Backers of rival bidders for US railroad Kansas City Southern (KCS) stepped up their efforts this week, launching volleys of support for their favoured partner.
Following Canadian National’s (CN) announcement on Friday that some 800 letters backing its bid for …

Air freight capacity is 14% down on 2019 – but volumes are more than 4% higher, and this gap between supply and demand is driving market players to find more innovative solutions.
And with continued high rates, using passenger-freighters to …

Short-term pricing, dual-sourcing strategies and managing increased supply chain complexity are now “front and centre” for global ocean freight shippers.
Julia Myroshnychenko, global category team lead for international logistics at Henkel, a German chemical and consumer goods manufacturer, said the …