XPO’s market performance these days brings to mind an old Wall Street proverb related to throwing dead cats out of windows.
Background
Clearly, buybacks aren’t doing the trick anymore.
Meanwhile, some key clients – such as Cummins, one of the …
“Chinese authorities have filed a case to investigate U.S. parcel delivery service FedEx for allegedly undermining the rights of Chinese clients, state-run Xinhua news agency reported on Saturday. According to Xinhua, FedEx failed to deliver express packages to designated addresses …
Imperial Logistics has appointed industry veteran Hugo Pluess (pictured above) as chief information officer.
My Pluess boasts more than three decades in the IT and logistics sector, and joins Imperial from Ceva Logistics where he has spent the past seven …
Against the backdrop of an escalating US-China trade war, transpacific ocean carriers have had some success this week in lifting spot rates between Asia and the US west coast.
There was also a spike in long-term contract rates recorded this …
While the boundaries may be blurring between sea freight and logistics, the separation of labour in air has remained – until now. Etihad Cargo has acquired a forwarder specialising in high-value, secured logistics.
The Abu Dhabi carrier, which has famously …
Breakbulk shipping venture G2 Ocean has called time on paper bills of lading after a “successful pilot” of a blockchain-based solution.
Norwegian G2, comprising Gearbulk and Grieg Star, conducted the pilot on shipments from China to Peru with distributor Manuchar, …
Shippers in Australia have criticised Port of Melbourne’s plans to create intermodal links connecting its box terminals to the Victoria hinterland.
Melbourne’s proposed Port Rail Solution (PRS) would see the port authority take back land currently leased to two container …
