BLOOMBERG reports: “Nestle SA’s U.S. unit will dismiss about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and transitions to a warehouse model that’s becoming an industry standard for Big Food companies looking to …
FreightWaves reports: “Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better …
Hapag-Lloyd recorded a net profit of $109m in the first quarter as the carrier benefited from increased volumes and average freight rate gains on most of its liner trades.
The result compares with a loss of $42m in Q1 18.…
Singapore’s air cargo and container freight handlers are to offer shippers and forwarders combined sea-air transhipment services through the hub.
The port has been a favourite location for forwarders’ air-sea services on the Asia-Europe trade for years, UK forwarder Allport …
It has been a very long journey ever since Hapag-Lloyd, almost bankrupt a decade ago, delivered a very solid quarterly performance – which joyfully was revealed today with its first-quarter (Q1) release, partly thanks to the bean counters and new …
Cheaper air rates and a dearth of warehouse capacity may be sending shippers to the skies: Adidas plans to increase its use of air cargo to offset supply chain shortages.
Chief financial officer Harm Ohlmeyer told investors during a Q1 …
Alphaliner has reignited the market chatter on the future of Singapore’s niche carrier, PIL, after the line’s 41%-owned subsidiary, Singamas, announced the sale of its three largest container manufacturing factories in China to Cosco.
The privately owned carrier is the …
