Covid-19 lockdown restrictions on consumers, particularly in Europe and the US, has resulted in a dramatic slump in demand for container space and forced ocean carriers to blank hundreds of sailings.
According to the latest data from Copenhagen-based maritime and …

As South Korean shipping line HMM today formally launched the world’s largest containership, the country’s government outlined an enormous financial package to prop up its maritime industries.
According to a report in The South Korea Herald, the ministry for oceans …

In this environment, anything concerning executives’ compensation is a big deal. It makes a difference when staff and investors appreciate the decisions taken by the top brass, and how they are communicated externally.
Talking of which, XPO Logistics is often …

At a time when even Sir Richard Branson is pleading for state aid for his airlines, and has offered up his private island in the Caribbean as collateral on loans, freighter operator Atlas Air is trying to pull out all …

In the midst of the COVID-19 pandemic, warehouses all over the UK are attempting to churn out as much equipment and medical resources as they can to supply the NHS, pharmacies, key workers and vulnerable people at home with the …

Mirage News reports:
The Transport Workers’ Union is warning the Federal Government against any rescue plan for scandal-ridden Swissport without strict conditions on labour standards and an equity stake in the company.
Swissport, formerly Aerocare which is owned by Chinese …

SEEKING ALPHA reports:
The company’s operating ratio fell 80 bps during the quarter to set a Q1 record of 58.7%.
Revenue for the quarter was down 5% as growth in merchandise revenue was more than offset by declines in coal …