The Australian Financial Review reports:
Toll Holdings has warned that parent Japan Post has only guaranteed its debts until mid-2021 after revealing its annual net loss plunged six-fold to $685.3 million.
The hefty loss for the 12 months to March …

Maersk is to phase out the Damco and Safmarine brands by the end of the year, in a major restructuring of its brands which could see some 27,000 jobs affected and some 3,400 jobs lost.
The news, broken by Loadstar …

With no sign of Australia’s international borders reopening, time-sensitive shippers are increasingly turning to air-sea logistics to get cargo into the country.
Typically, shipments from Europe are transported via airfreight to Hong Kong or Singapore, where the cargo is loaded …

Protesters against the re-opening of Manston Airport as a cargo hub have claimed developer RiverOak Strategic Partners (RSP) is violating CAA rules by restricting consultations to a select group of people.
Despite a CAA map showing that some 30 towns …

Former Maersk executive Thomas Bagge has been chief executive and statutory director of Digital Container Shipping Association (DCSA) for nearly 18 months, in an attempt to pull the shipping industry into the 21st century. It is, he says, not an …

July saw the air cargo market stabilise further, according to the latest data from IATA. Cargo-tonne-km (CTKs) fell 13.5% year on year, although month-on-month, seasonally adjusted figures showed growth of 2.6%. IATA noted that manufacturing output and export orders were …

Struggling Swissport’s future looks set to stabilise with a deal which will see it under new ownership – something parent HNA Group has wanted for a while, but perhaps not in this way.
Stakeholders have agreed that some €1.9bn ($2.3bn) …