ShippingWatch

Logistics

Logistics companies face 12-percent growth in 2021

The global logistics market is advancing far in 2021 and is going to take over the market seen in 2019 prior to the Covid-19 pandemic, predicts Transport Intelligence. Air freight in particular has grown as a result of bottlenecks in sea and land transport. Growth will diminish in the coming years.

Kuehne + Nagel lines up its next CEO

Logistics firm Kuehne + Nagel has found its next chief executive among its own ranks, who will take over next year when the Swiss company's current CEO Detlef Trefzger is set to step down.

Maersk partners up with Grindrod for joint venture

Upon final approval from the authorities, Maersk will offer onshore logistics services in South Africa in partnership with South African company Grindrod. Maersk will have a controlling stake in the joint venture.

NTG upgrades forecast again – expects revenue above USD 1 billion

With activities remaining high and increased freight rates for Air & Ocean especially, Nordic Transport Group is raising its forecast for the fourth time this year. Air cargo rates have reached a level where it no longer makes sense to switch cargo from ocean to planes, says CEO.

Eimskip upgrades full-year forecast

Iceland carrier Eimskip grew in the third quarter, significantly aided by the liner and forwarding divisions. The strong performance prompts the carrier to upgrade its full-year forecast.

"The entire industry is exhausted. Customers, carriers, ports"

The extraordinary container market will continue throughout 2022 and most likely ease somewhat in 2023, says Dominique von Orelli, global head of ocean freight at DHL Global Forwarding. Queues and traffic pressure will depend on developments in US ports.

DSV appoints third male executive despite ambitions of diversity

DSV has grown extensively in recent years, requiring more "horsepower" in the management, says CEO Jens Bjørn Andersen. Although the company has emphasized the need to ensure diversity, Michael Ebbe turned out to be the best candidate for the position as new CFO, which maintains an all-male management.

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

1 - 25 of 589

Latest news

See all jobs