Despite the dramatic decline in passenger numbers last year, a fourth-quarter surge in freight volumes helped mitigate the decline in Danish ferry operator DFDS’s profitability. 
“Passenger results were wiped out by the pandemic,” chief executive Torben Carlson said, referring to …

SF Holding and Kerry Logistics Network (KLN) announced a “strategic investment and cooperation” this week, according to which SF Holding takes control of KLN.
The deal for a controlling stake values the target at $2.3bn, excluding a special dividend that …

Sources have indicated that ECU Worldwide is currently undergoing a cyber attack. The company has not officially confirmed the nature of the problem, but one staff member told The Loadstar that all the systems are down.
“It’s global, and it’s …

Severe congestion has hit roads leading to the southern Chinese container gateway of Yantian, as exporters desperately try to clear a backlog of orders before the new year holiday begins at the end of the week. 
And it appears forwarders …

Just in:
“We’ve been informed that ECU Worldwide is suffering a cyber attack impacting all their offices,” said one source. “We have requested to block all emails coming from the ecuworldwide.com domain…”
Some say they have been unable “to reach …

South Korean ocean carrier HMM has posted its first annual profit for five years, despite a decrease in its liftings. 
Revenue last year surged by 16.3%, compared with 2019, to $5.43bn, earned from a 9.2% decline in its container volume …

An ‘instant cargo facility’ developer is targeting the newfound, if temporary, surge of interest in air freight.
Just as airlines adapted to the new realities of the market by stuffing cargo in cabins, now airports can field prefabricated cargo facilities, …