A logistics subsidiary of troubled HNA Group has defaulted on a $179m loan and has either to pay or lose assets, according to Reuters. The subsidiary, CWT, told the Hong Kong Stock Exchange it had not paid interest or fees …
Ocean carriers plying the Asia-North Europe tradelane are taking measures to “stop the rot” by cancelling more sailings, according to Alphaliner.
Spot rates on the route have slumped to a 12-month low.
The North Europe component of the Shanghai Containerized …
Improved efficiencies helped Panalpina to a first-quarter ebit up 15% to Sfr28.1m ($27.8m), while consolidated profit also rose 15%, to Sfr19.2m, with total operating expenses down 5% at Sfr290m.
However, forwarding results saw declines and gross profit was down 2.6% …
A new report calls on the UK government to increase support for the country’s rail freight sector, with decarbonisation among its core concerns.
The National Infrastructure Commission highlights the need for rail freight to join other industries in committing to …
Shippers and forwarders are starting to choose air freight routes and aircraft based on emissions, following the launch of a global CO2 transparency programme.
Launched on Monday, Rhenus Logistics’ Rhegreen service allows customers to choose a “greener” aircraft to ship …
US rail operator CSX’s intermodal division may have closed 2018 on the up, but this year has begun with “leaves on the line”.
Its first-quarter earnings statement reveals a 5% dip in revenue ($428m) and volumes, and points the finger …
Not only is the railroad business in control of supply chain affairs in North America, but it is in power too – that’s the message, loud and clear, from $61.5bn-market-cap behemoth CSX Corporation this week.
December 2017
The announcement of …
