UPS saw consolidated revenue rise 9.6% to $17.5bn in the second quarter, but said operating profit was “not where we want it to be”.
The best performing divisions were international, supply chain and freight, which all saw double-digit growth in …
Cathay Pacific is the latest transport company to take advantage of the benefits of blockchain technology – in this case, to help track ULDs.
With most cargo supplied to the airline pre-packed, Cathay releases empty ULDs to agents.
The process …
As part of my “who’s next?” series, concerning the possible corporate moves of Kuehne + Nagel (K+N), after Germany’s Hapag-Lloyd last week, I have now run the ruler over another potential acquisition target.
While the ocean carrier is attractive in …
Chicago-based freight broker and 3PL Echo Global Logistics has grown steeply in the past few quarters as its many acquisitions turned accretive, and yesterday the firm reported a 35% growth in revenues year-on-year. Net revenue was up 31% to $106.8m, …
Cosco’s UK systems are down following a cyber attack which affected its US operations late last night.
The company’s Pier J Terminal at the Californian port of Long Beach was the first to be affected.
The port said it was …
Dutch pilots’ association VNV has hit out at Air France-KLM for wet-leasing freighters from Qatar Airways, claiming the Qatari carrier engages in anti-competitive practices.
In a letter to AF-KLM Cargo’s EVP, Marcel de Nooijer, the VNV demands an end to …
K Line has reached an “amicable settlement” with APL Logistics following the claim that APL employees had given customers false information over K Line’s financial health.
K Line filed a lawsuit at the Tokyo District Court in December 2016, demanding …
