Despite a strong second half-year, Kuehne + Nagel's container volumes declined overall in 2020. Sky-high demand and container shortages have led the logistics company to focus on its "key customers" during the pandemic, says CEO Detlef Trefzger.
Logistics company Kuehne + Nagel will pay more than CHF 1 billion for the acquisition of Apex International, reveals the company's annual report, in which Kuehne + Nagel reports of a strong second half-year. Overall, Kuehne + Nagel saw a drop in container volumes in 2020.
"Service is not free of charge, it has a price," says CMA CGM chief executive Rodolphe Saadé on the same day that the container liners' reliability reaches an all-time low. Hapag-Lloyd presents a new guarantee to shippers.
It is up to the member states themselves to come up with a long-term solution to ensure that migrants do not end up stranded on board merchant vessels, but the Commission is working to create a contact group to help with the work.
US retail trade stockpiles are very low and if retail sales following the coronavirus pandemic follow normal a development pattern, it could mean continued import growth in the container market for the rest of the year, reports Sea-Intelligence.
Logistics major Kuehne + Nagel buys Asian logistics company Apex International, which has a revenue in the billions and 1,600 employees. According to Kuehne + Nagel, this marks the group's biggest acquisition ever.
Hapag-Lloyd CEO Rolf Habben Jansen now believes that the red-hot container market could stretch all the way into the third quarter. The problems resulting from this make the German container line and Maersk adjust their strategies in an effort to avoid equipment shortages going forward.
In a rather unusual move in the logistics sector, DHL Global Forwarding says it is prepared to pay an extra green bill when customers transport general cargo at sea. The logistics company describes it as a game changer when speaking to ShippingWatch.
It will be quite some time before the red-hot freight market reaches some form of normalcy, projects DSV Panalpina's CFO, Jens Lund. "The tough situation we see right now will continue for the remainder of the quarter," he tells ShippingWatch.
The long-term container contracts currently being negotiated will be unusually expensive for the customers this year. Scan Global notes increases in the range of 50 to 75 percent, the logistics operator tells ShippingWatch. Others point to a doubling of price levels.
DSV Panalpina is working on an improved digital platform that will help enable customers to choose more climate-friendly routes and to pay extra for green fuel. A growing demand has created momentum, says DSV Panalpina chief to ShippingWatch.
Digitalization and optimization should help secure DSV Panalpina the ambitious yield announced in its new 2025 plan. DSV plans to achieve its target through large-scale investment, and does not expect it to result in cuts to manpower, CFO Jens Lund tells ShippingWatch.
Bottlenecks in the container sector mean that Maersk's ships are having "big problems" in terms of arriving on time, acknowledges CEO Søren Skou. The CEO has set an ambitious target for schedule reliability already this year.
Rates in Maersk's key contract negotiations are increasing big-time, says Maersk CEO Søren Skou after the shipping line has fixed close to 40 percent of its new contracts for the year. At DSV Panalpina, CFO points to frustrated customers who are left footing the bill.
Ferry and logistics operator DFDS projects significant top line growth in 2021 after a tough 2021 characterized by coronavirus and Brexit. This is expected to boost the operating profit by upwards of DKK 3.5 billion for the year.
DSV Panalpina lands an operating profit of USD 1.5 billion for 2020, which was largely characterized by the coronavirus. With the Panalpina acquisition fully integrated, the logistics company also announces a new financial target ahead of 2025, including within sea freight.