BLOOMBERG reports:
Deals targeting logistics companies in China have delivered the best start to the year on record, generating bumper profits for private equity firms.
About $5.5 billion worth of acquisitions of Chinese logistics firms have been announced so far …
Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees.
Today’s price for low-sulphur fuel oil (LSFO) at Rotterdam is just under $500 per …
The 14,000 teu ONE Apus, which suffered a catastrophic container collapse in November that saw over 1,800 containers lost overboard and thousands of others damaged, could resume its journey to the US west coast by the middle of the month.…
Conversion lines, turning passenger aircraft into cargo planes, are at full throttle – from 737s to 767-300ERs. However, the larger end of the spectrum poses a conundrum for owners, with question marks over 777 conversions and no replacement for the …
The final phase of Hong Kong’s air cargo security screening programme began today with x-raying of all ‘unknown’ consignee cargo set for 30 June.
However, while local shippers welcomed a delay in the rule set by the International Civil Aviation …
THE WALL STREET JOURNAL writes:
Carol Tomé took over United Parcel Service Inc. in the middle of a pandemic that has sent demand for its services soaring. She’s teaching the delivery giant how to say no.
The longtime finance chief …
Hindsight would be a wonderful thing if you were able to act on it.
Alas.
A little over a year ago, Clipper Logistics Plc, a UK retail and e-commerce player, was the subject of a takeover approach.
Reportedly supported by …
