The Loadstar

Making sense of the supply chain

  • Grab some popcorn and watch the Panalpina-DSV-Agility soap opera

    Grab some popcorn and watch the Panalpina-DSV-Agility soap opera

    The twists and turns of the Panalpina saga continue. The very latest news is that investors have expressed concern over a Panalpina tie-up with Agility, with talks confirmed this morning.  The...

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  • Shadow of recession adds to carrier woes as rates fall after Chinese holiday

    Shadow of recession adds to carrier woes as rates fall after Chinese holiday

    As anticipated, container spot rates softened across the major deepsea trades following the Chinese New Year factory holiday. The Shanghai Containerized Freight Index (SCFI) this week recorded...

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  • UK’s wide range of trading partners may soften impact of a no-deal Brexit

    UK’s wide range of trading partners may soften impact of a no-deal Brexit

    Britain’s wide range of trade relationships may insulate it from some fallout from a no-deal Brexit. Steven Altman of NYU’s Stern School of Business told The Loadstar that, when it came to trading...

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  • XPO Logistics sees revenue and profits up in 2018, but the 2019 view not so rosy

    XPO Logistics sees revenue and profits up in 2018, but the 2019 view not so rosy

    XPO Logistics yesterday reported double-digit increases in both revenue and profit in its 2018 full-year results. But the operator warned that a weaker fourth quarter had pushed it to lower its...

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  • Bolloré and Cosco tie the cooperation knot tighter ‘to explore new opportunities’

    Bolloré and Cosco tie the cooperation knot tighter ‘to explore new opportunities’

    Cosco Shipping and Bolloré Logistics have entered a new partnership to “densify” commercial relations, as forwarders continue to get closer to carriers. The news comes as the French logistics...

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  • Flexport expands air network to Chicago as it looks to raise another $500m

    Flexport expands air network to Chicago as it looks to raise another $500m

    Flexport, the digital forwarder everyone loves to hate, has extended its air network to include Chicago.  The forwarder has dedicated air capacity with Western Global Airlines, which operates a...

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  • Tobias Schmidt to head DHL’s global forwarding operation in Germany

    Tobias Schmidt to head DHL’s global forwarding operation in Germany

    DHL has appointed Tobias Schmidt as chief executive for global forwarding in Germany. Mr Schmidt’s appointment will take effect on 1 April, as he leaves DSV Air & Sea, where he served as executive...

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  • Juergen Mues appointed chief operating officer at Imperial Logistics

    Juergen Mues appointed chief operating officer at Imperial Logistics

    Imperial Logistics has appointed Juergen Mues as its chief operating officer. Mr Mues takes up the role on 15 March and joins from SBB Cargo, where he has spent 13 years in senior management roles...

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  • A new team to drive expansion for Gefco Freight Forwarding

    A new team to drive expansion for Gefco Freight Forwarding

    Gefco Freight Forwarding has announced five new appointments as it looks to develop its time-critical and project cargo business. New to the company are: Valentin Elistratov as global commercial...

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  • Landlocked Nepal pushes ahead to create national shipping line

    Landlocked Nepal pushes ahead to create national shipping line

    There’s quite nothing like a landlocked country wanting a maritime presence. Splash247 today reports that the Nepalese government this week opened the Nepal Ship Office, with the lofty ambition...

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  • Supply chain radar LIVE: DSV ups its bid after Panalpina reveals talks with Agility

    Supply chain radar LIVE: DSV ups its bid after Panalpina reveals talks with Agility

    (Adds relevant feedback as it comes in) Surprise, surprise: Panalpina (PAN) today announced the board of directors confirmed “media reports that it is in discussions with Agility Group (AGY) on...

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  • Ti: Costs up sharply in record year for revenues at CJ Logistics

    Ti: Costs up sharply in record year for revenues at CJ Logistics

    Alessandro Pasetti for Ti.com: “2018 was a record year for CJ Logistics (formerly CJ Korea Express), which has been adding well over KRW1 trillion ($890m) annually in sales, on average, ever since...

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  • SA: XPO Logistics misses by $0.12, misses on revenue

    SA: XPO Logistics misses by $0.12, misses on revenue

    SEEKING ALPHA reports: “XPO Logistics (NYSEMKT:XPO): Q4 Non-GAAP EPS of $0.72 misses by $0.12; GAAP EPS of $0.62 misses by $0.19.” The post SA: XPO Logistics misses by $0.12, misses on revenue...

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  • MW: This is what Amazon’s ‘HQ2’ was going to cost New York taxpayers

    MW: This is what Amazon’s ‘HQ2’ was going to cost New York taxpayers

    MARKETWATCH reports: “Winning the bidding war for Amazon’s AMZN, -0.79% secondary corporate headquarters came with a steep price tag — $3.4 billion.” The post MW: This is what Amazon’s ‘HQ2’ was...

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  • Maersk ensures supply of low-sulphur fuel on US east coast for IMO 2020

    Maersk ensures supply of low-sulphur fuel on US east coast for IMO 2020

    Maersk has announced a deal with New Jersey-based crude oil refiner PBF Logistics to supply its vessels on the US east coast with low-sulphur fuel oil (LSFO) to meet the IMO 2020 regulations. The...

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  • Manston row escalates as consultant slams potential for profitable freighters

    Manston row escalates as consultant slams potential for profitable freighters

    Startling similarities are beginning to emerge between the disastrous Seaborne Freight saga and a potential purchase of Manston Airport by US developer Riveroak Strategic Partners (RSP). Besieged...

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  • Airlines send out Valentine’s Day cards: how they rose to the occasion

    Airlines send out Valentine’s Day cards: how they rose to the occasion

    It’s Valentine’s Day, another Hallmark moment. Card manufacturers and chocolate makers, of course, see a direct benefit, in sales, but for all those companies working in the B2B environment, the...

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  • DHL Express to make a splash with delivery option using Thames barges

    DHL Express to make a splash with delivery option using Thames barges

    DHL Express is targeting a roll-out of delivery barges on the Thames this year, as part of its “go green” strategy. Chief executive John Pearson confirmed to The Loadstar the company’s UK division...

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  • Vietnam ‘hits its stride’ as more shippers and logistics players enter the market

    Vietnam ‘hits its stride’ as more shippers and logistics players enter the market

    The US-China trade war is set to accelerate the shift of manufacturing to Vietnam this year. According to Amanda Rasmussen, chief operating officer at Indo Trans Logistics (ITL) and recently...

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  • Airbus to scrap A380 production as Emirates puts in 70 smaller aircraft order

    Airbus to scrap A380 production as Emirates puts in 70 smaller aircraft order

    Big aviation news today – even if it’s not very freight-y. Airbus is to stop production of the A380 by the end of 2021. Not even an order from Emirates could halt the end. “We have no substantial...

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