As an old saying goes, when it rains it pours.
Jeff Musser, president and CEO of US-based 3PL Expeditors, on 13 November sold 120,000 shares at a weighted average price of $89.34, it emerged this week.
The total implied transaction …

Maersk has reported a net profit of $947m for the third quarter, compared with $520m a year earlier, and said it expected an even stronger result in Q4.
Despite a 1.4% year-on-year decrease in group revenue, to $9.92bn, ebitda surged …

Dorothea von Boxberg is to take over as head of Lufthansa Cargo, while current chief Peter Gerber becomes chief executive of Lufthansa subsidiary Brussels Airlines.
Following a Lufthansa Group management reshuffle, the pair will move positions on 1 March. It’s …

Boeing predicts growth in the global air cargo fleet north of 60% over the next two decades as traffic doubles by 2040.
The aircraft maker’s  biennial market forecast dwells extensively on the heightened role of all-cargo aircraft in the coming …

Overflow container stacks continue to proliferate around the UK as the logistics industry scrambles to tackle the growing congestion hitting supply chains.
The Loadstar reported this week how stacks of containers had begun to pop up near Felixstowe, and it …

It was only mid-way through the spring of 2019 when, right or wrong, I strongly argued that trust had gone out of the window with Denmark’s AP Møller-Mærsk (APMM). Here is how things are going as it breathes new logistics …

Work has begun on a 482,000 sq ft warehouse for the world’s leading contract logistics provider, DHL Supply Chain, at DP World London Gateway. In a joint enterprise, DHL will construct a brand-new bespoke facility at Plot 3040 on London …