The offer by shipping lines to temporarily store containers at way ports to avoid congestion at destination terminals has proved popular with European importers.
There has been a significant take-up of the products to help manage the reduced demand during …

PRESS RELEASE
Greenwich, Conn. May 4, 2020 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the first quarter 2020. Revenue was $3.86 billion for the quarter, compared with $4.12 billion for the same period in 2019. Net …

DSV Panalpina’s Q1 ’20 conference call last Thursday was a mighty 12,000-word yawnathon with two entirely predictable themes: Covid-19 and Panalpina.
Management say they are ‘super happy’, although thousands of employees facing redundancy are probably less so.
Don’t you believe …

Container freight rates have yet to see any significant erosion, despite the coronavirus pandemic’s stranglehold on demand.
But the aggressive blanking programmes of carriers is disguising the real picture, according to Bimco’s chief shipping analyst, Peter Sand.
Indeed, for spot …

The scramble for personal protection equipment (PPE) has buoyed airfreight, pushing rates to lofty heights.
National governments’ determination to secure PPE at almost any cost has been a significant factor, but it has prompted the deployment of fresh capacity that …

Governments must ease restrictions on airlines as the lack of cargo capacity continues to dog various sectors.
Following last week’s concerns about services to and from Africa, IATA warns today that now postal services are struggling.
The 95% axing of …

Thousands of seafarers remain trapped at sea, on containerships and other cargo vessels, by coronavirus travel restrictions – a threat to supply chains, the International Chamber of Shipping (ICS) has warned.
According to the Chamber, the number of seafarers in …