Wincanton raised its profit at around the same rate it lost revenue during its fiscal year 2018.
Despite a 2.6% decline in turnover, to £1.14bn (£1.17bn a year earlier), profits (recorded as ebitda) climbed 2.9% to £66.7m. 
Outgoing chief executive …

Greek non-operating containership owner Danaos Corporation has reported a “significant improvement” in the charter market for vessels over 5,500 teu.
It also noted a “slight” improvement for smaller ships.
Danaos owns a fleet of 55 containerships, mostly on long-term charters …

A new robot with delicate human-like fingers, designed for warehouse applications, was today unveiled in the UK by Cambridge Consultants.
“Hank” was developed to “emulate human dexterity at the point of picking diverse individual items from larger containers”, a supply …

There is a tiny little gem in the UK logistics landscape that often attracts the headlines for new contract wins – well, I am sure you have heard of Wincanton before.
Noise
While previously arguing one year ago that break-up …

REUTERS reports: “XPO Logistics on Wednesday said investors ratified the company’s executive compensation plan and rejected shareholder proposals calling for an independent board chair and sexual harassment prevention policies.”
The full story can be found here.

The post RTR: XPO …

Singapore-headquartered ocean carrier PIL received loans via the country’s sovereign wealth fund, Temasek Holdings, last year, according to Alphaliner.
The consultant said the carrier had pledged its shares in the Hong Kong-listed container manufacturer Singamas as collateral; the information revealed …

Failings at Deutsche Post-DHL that led to a cut in its earnings forecast for 2018 by €1bn were “homemade”, according to chief executive Frank Appel. 
At the logistics giant’s annual general meeting this morning, he pointed to an operating model …