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Recent briefs by Thomas:

J.B. Hunt has weak Q2 numbers

The latest quarterly results from J.B. Hunt imply that the US surface-freight market continues to be tough. For the whole company, revenues year-on-year for the second quarter of 2024 were down 7% to $42.9bn whilst operating income fell 24% to $205.7m. said to be considering buying Evri

The ‘last-mile’ sector often struggles with profitability. Yet last-mile logistics is attractive to investors because it offers the prospect of accessing the potential for growth of internet-based retailing.

China-US air freight is not normal

E-commerce driven freight out of China is booming apparently. Anecdotal reports suggest that a huge proportion of air freight moved out of China is consignments from Shein and Temu bound for American consumers.

Maersk drops-out of bidding for Schenker

Maersk has pulled out of the bidding process for Schenker. In a statement sent to a number of press organisations, Vincent Clerc, CEO of Maersk, said that the shipping line’s “investigations” had confirmed that DB Schenker was an “interesting company” but that “the in-depth review also identified areas of challenges from an integration perspective”.

Gaza negotiations has implications for freight rates

Container freight rates are continuing to spike upwards. The latest numbers from the freight market-place Freightos, assert that during the past week spot freight-rates on the Asia-Northern Europe route jumped 23% whilst on the Asia-Mediterranean route they have risen 24%.