PRESS RELEASE 
Ambitious value creation plan targeting C$700 million of additional operating income, as well as a 57% operating ratio for 2022

Leveraging previous strategic investments and the strong condition of the existing network will bring capital spending down to …

Splash 24/7 reports:
Mediterranean Shipping Co (MSC) has lodged a bid to take over Brazil’s Log-In Logistica Intermodal.
MSC said in a statement it would be offering 25 reais ($4.79) per share for at least 62% and at most 67% …

The huge earnings of ocean carriers in the first half of the year will gather pace in Q3 and Q4, as old contracts expire to be replaced by new but much higher short- and long-term deals.
Maersk was obliged yesterday …

Pinch points in supply chains have led to a surge in sea-air movements – but with the Chinese October holiday and Covid still looming, there is mounting concern that the spike will bring further congestion.
One forwarder said that, with …

Air freight rates from Bangladesh have almost doubled in the past month, with rates to the US now at about $12 per kg, to Europe $5 per kg and $4.25 to the Far East, according to local forwarders.
A month …

Who would have thought that US greenfield port developments are like London buses? You wait an age and then three come along at once.
First, there was the memorandum of understanding (MoU) signed between APM Terminals and the port of …

Danish ro-ro and ferry operator DFDS announced its latest bolt-on acquisition this week as it agreed to buy 100% of the equity of compatriot ICT Logistics, a freight forwarder in which it had held a 19.9% stake since 2006.
The …