For the first time in a decade, the world container fleet is likely to be getting smaller, in the fallout from the coronavirus pandemic.
New research from Drewry Maritime Advisors suggests that, despite warnings from freight service providers that global …
Kuehne + Nagel (K+N) is one of the first major forwarders to report Covid-impacted results, so is likely to act as something of a marker for others in what will undoubtedly be a tough quarter.
The Swiss group admitted that …
SEEKING ALPHA‘s The Heisenberg writes:
– Nearly two months into the most acute crisis in a century, market participants are pondering a series of existential questions.
– Efforts to collect data quantify economic activity have been rendered somewhat meaningless in …
“China’s express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the Covid-19 epidemic.” – xinhuanet.com, 24 April 2020.
SF Holding, one of the major integrated logistics providers in China (until …
“Seen the price of Hapag-Lloyd today?” one source asked towards the end of the trading session on Friday, when the shares of the German carrier traded over €120 apiece.
You read it right: €120. That’s about $24bn in market cap, …
“The coronavirus pandemic is an immense global challenge, also for Kuehne + Nagel. (…) In the case of basic commodities and pharmaceuticals, transport volumes were maintained at a respectable level. Our company will face major challenges in the coming months, …
THE FINANCIAL TIMES reports:
At the height of the financial crisis in 2009, billionaire Richard Branson balked at the idea of government intervention to stop companies going bust, proclaiming that weak airlines should be allowed to go to the wall. …
