Logistics firm Scan Global raises expectations for the full-year result after a second quarter during which growth continued, especially driven by a number of acquisitions during the period.
Biofuels will enable Kuehne + Nagel to offer freight customers CO2-free container transport.
DHL terminates its transport business in Russia but slowly begins reopening activities in Ukraine, which have been shut down for safety reasons.
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.
DHL saw double-digit growth in revenue and a record operating profit in Q2. The freight division has delivered an “outstanding quarterly result,” says the logistics group Friday.
The container industry – and Maersk – is under pressure from customers and politicians, who argue that carriers are benefitting from attractive and unfair business terms. Maersk CEO Søren Skou rejects the criticism and doubts the EU will change the special competition regulation employed by the sector.
Maersk is way ahead of its targets within the logistics business, and Chief Executive Søren Skou is not opposed to increasing the level of ambition. The business leg is developing well in the US and Asia, whereas Europe is lagging behind.
Wednesday, Maersk presented its financial report for the second quarter and first half-year, revealing significant growth across the group’s four core units. Ocean and Logistics deliver record growth. Here is an overview of the Maersk group’s interim report.
Maersk upgrades its full-year guidance by USD 7bn after a second quarter with higher revenue and an underlying operating result that beat expectations.
Logistics company DB Schenker doubles its earnings for the first half-year period – making a crucial contribution to a positive bottom line for parent company Deutsche Bahn.
Rates on long-term container contracts seem to have peaked as well, according to Xeneta, which states that customers are now in a stronger bargaining position on lower prices.
DSV CEO Jens Bjørn Andersen expects demand to wane for the rest of 2022 but no major decline. The logistics group’s new guidance upgrade still entails an expected slowdown, he tells ShippingWatch’s sister media, MobilityWatch.
Logistics group DSV has finally shut down its activities completely in Russia and Belarus following a divestment process begun after Russia invaded Ukraine.
DSV upgrades its financial guidance for 2022 after a first half-year period deemed very strong by CEO Jens Bjørn Andersen. Air & Sea, in particular, boosted revenue.
To expand its European logistics business, ferry operator DFDS has bought Irish company Lucey Transport Logistics.
Uncertainties and lockdowns in China and elsewhere had Kuehne + Nagel’s marine business hard at work in Q2. Still, gross income increased by 62% in the division.
DSV is in line for a record result for the year’s second quarter based on progress in the air and ocean business as well as the acquisition of GIL. However, DSV has difficulties conquering market shares, according to analyst from Danish bank Sydbank.
DFDS Chief Executive Torben Carlsen tells that the Danish ferry and logistics company is ”in consistent dialog” with customer Ekol Logistics ”about all sorts of things.” Turkish media has reported that DFDS intends to buy the road transport division of Ekol Logistics.
Effective Monday, US President Joe Biden has established a Presidential Emergency Board with the aim of resolving the current strife between railway companies and labor unions. The conflict prompts bottlenecks in container ports.
DFDS raises expectations for the full-year 2022 after strong progress in both passenger and freight earnings throughout the second quarter.
The global market for contract logistics grew significantly in 2021, shows new report, which, however, forecasts reduced growth in the coming years.
The logistics branch of French carrier CMA CGM has acquired a freight forwarder present in a number of East African countries.
Labor impasses are spreading across the US logistics network in the busiest months of the year for shipping as dock- and railroad-worker unions are currently negotiating contracts with employers, with the latter threatening to strike as soon as July 18.
Two years with Covid-19 have offered many challenges for DSV in Latin America, says regional head Søren Jørgensen. But the logistics firm has also learned to adapt.
The Danish company is once again on the acquisition trail and takes over two companies within freight forwarding and logistics. The acquisitions occur shortly after the purchase of a Hong Kong-based forwarder.
Operations Controller – Weco Tankers 
Logistics coordinator with responsibility for our shipping activities 
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A lawyer (chief consultant) is wanted for People & Culture 
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