Maersk’s decision to “temporarily suspend” spot and short-term contract bookings from Asia following the Suez Canal blockage has left forwarders and NVOCCs scrambling for alternatives.
The carrier said on Tuesday it estimated a loss of capacity across its network of …

Major airlines’ financial results for 2020 have revealed both how they viewed cargo, and how successfully they adapted to the new reality; some were far, far better than others.
A (non-exhaustive) list of major carriers which have reported results shows …

While container supply chains continue to be battered from the fall-out of the Ever Given’s Suez Canal grounding, a new threat has emerged to fresh food supplies in Egypt – the destruction of a swath of its date industry.
According …

Trapped in outdated practices, the less-than-truckload (LTL) sector in the US is ripe for disruption.
Satish Jindel, president of SJ Consulting, argues that this is a good time for an entrant to revolutionise the business with a new model that …

REUTERS reports:
Asia’s bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms.
Globally, SPACs raised …

Waiting for the full 2020 annual report, Germany’s Röhlig Logistics released a short trading update in which on Wednesday it said that:
– Last year it doubled ebit from €5.2m to €11.8m;
– It maintained gross profit (GP) around the …

The traditional April network adjustments by the three east-west alliances are likely to take a back seat this year as carriers navigate their way through the fall-out from the week-long Suez Canal blockage.
Even before the enforced week-long delay of …