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.
The freight forwarder, owned by a private equity firm, more than doubled operating earnings in the third quarter of 2021. The company leaves full-year guidance unchanged.
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.
DFDS' employees faced challenges and uncertainties while the company was waiting for months on end for a green light from the EU for the acquisition of HSF Logistics, admits CEO Torben Carlsen. It also awarded time to make preparations, he explains to ShippingWatch.
To expand its land-side activities, Maersk is planning to invest in European storage facilities, says regional managing director.
The pressure on the global supply chains means that logistics companies need to run faster and think outside the box. Not only have the same tasks become more difficult, wholly new solutions need to be devised, explains Hellmann's head of Asia-Pacific trade management.
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.
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.
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.
DFDS' freight volumes fell by 7.6 percent in October compared to the same month last year.
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.
Maersk is the new principal logistics partner for wind turbine manufacturer Vestas, taking over the role from DSV. "It's never fun to lose," says chief exec of DSV, while analyst views new deal as a mark of quality for Maersk.
The acquisition of Senator International brings Maersk closer to its goal of transforming the shipping line into a logistics group that operates by land, sea and air.
The earnings boom continues for container lines. Maersk's third-quarter profit is again expected to reflect an extremely lucrative market, and a new guidance upgrade is not unlikely. Germany's Hapag-Lloyd has just raised its expectations for the year.
Kuehne+Nagel, one of the largest logistics companies in the world and one of the container lines' biggest clients, has had no issues finding spots on board container ships despite the past year's freight chaos. In an interview with ShippingWatch, the company explains the why and how of it.
Volatile earnings and a cyclical market have led container lines to make a push in logistics to ensure stability, writes Alphaliner. Maersk and CMA CGM are just two examples of carriers going into logistics.
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.
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.
DSV expands its executive management, with its current CFO switching to a newly established position as Group COO. The shake-up is announced at the same time as the third quarter results, which show profits of DKK 3.2 billion.
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.
DFDS raised its top line in the third quarter, which also saw the number of passengers start to grow. The ferry operator narrows its 2021 guidance for both revenue and operating result.
HHLA, the largest terminal in the Port of Hamburg, expects an improved result in 2021, having been boosted by the container market in the first nine months. The fees for idle containers were an added bonus.
China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions.
DHL's third quarter results reveal growth across several divisions, prompting the international logistics company to raise its guidance for the full-year operating result.
The CMA CGM Group has signed an agreement to buy back a 90 percent stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure. CMA CGM sold the stake to the equity fund in 2017. Updated.
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