Release from Hapag-Lloyd
 

Dear Customer,

The Maritime Employers Association (MEA) has advised that the Longshoremen’s Union has filed another 72 hour notice of a strike commencing:
Monday, August 3rd at 07:00 and ending on Friday, August 7th at 06:59.…

Japanese carrier Ocean Network Express (ONE) has kicked off the quarterly financial results reporting season with a $167m net profit for April-June.
Despite seeing liftings slump by about 20% on its Q1 of last year, to 2.67m teu, the merged …

Has Walmart got cold feet? July came and went without a word from the retail giant about its promised Walmart Plus service.
Originally scheduled for launch in the spring, it was postponed until July on account of the Covid-19 outbreak.…

Covid-19 might have put businesses’ environmental concerns on the back burner, temporarily, but the issue is not going away – and increasing numbers of shippers are asking their forwarders for help.
“Businesses have a lot to focus on right now,” …

A private exchange with a senior US freight forwarder last week could be predictive during a mixed, albeit mostly successful, stint for logistics earnings so far.
“In the background, smiling as they appear to be doing well are our friends …

Transpacific container spot rates to the US west coast have powered over the $3,000 mark to hit a record level of $3,167 per 40ft.
The US west coast component of today’s Shanghai Containerized Freight Index (SCFI) soared 17% on the …

While other forwarders’ financial results  appear to have been propped up by soaring yields in air freight, XPO Logistics is in a different category.
It saw revenues fall 17%, to $3.5bn, in the second quarter, with a net loss of …