CNBC reports:
KEY POINTS
– Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon’s board.
– Jassy joined Amazon …

Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced.
According to new analysis from SeaIntelligence Consulting, the normal correlation between the transpacific spot …

All flights to and from Myanmar have been suspended following the military coup in the country yesterday.
And, according to freight forwarders in Yangon, the city’s international airport will be closed until May – including for cargo.
However, Myanmar’s seaports …

The booming liner sector and a surge in the value of Pacific International Lines’ 73 containerships appears to have been a major factor in the success of yesterday’s debt restructuring plan.
According to vesselsvalue.com, the 73 vessels are now worth …

Retailers are struggling to cope with the impact of the pandemic on their business – woes mirrored in their supply chains, which show serious deficiencies on multiple fronts.
But the overall pressure they are under affects their ability to overcome …

An MSC blocktrain comprising 84 TEU of cargo made its way from Jinhua to the Ningbo-Zhoushan port on 27 January. This marks the first special blocktrain from Jinhua to Ningbo by MSC, as part of our rail-sea offering to customers.…

PRESS RELEASE 
US 02/02/21, Atlanta, GA
– Consolidated Revenue Increased 21.0% to $24.9B; Growth Across All Segments
– Consolidated Operating Profit Up 1.6% to $2.2B, Up 26.0% on an Adjusted* Basis
– Diluted EPS of ($3.75); Adjusted Diluted EPS of …