Adani charged in US
Possibly the most important man in Indian logistics has just been charged with an enormous fraud in the US.
Possibly the most important man in Indian logistics has just been charged with an enormous fraud in the US.
During Q3, road freight rates remained relatively stable, largely due to short-term weak demand. While consumer confidence across Europe is gradually recovering, it still remains below par.
Container shipping remains a profitable business. The latest numbers from Hapag-Lloyd illustrate that despite all of the additional costs and operational problems that container shipping lines face, they are sustaining respectable margins.
Canadian transport and logistics provider, TFI International is gearing up for a significant acquisition in the United States towards the end of 2025 or early in 2026.
As carriers prepare for a new liner alliance landscape next year, moves are under way to rejig service networks, with some of the biggest changes to take place on the Asia-North Europe trade.
Shortage of capacity is rarely a problem in transport. Up until 2020 one of the major characteristics of road freight transport markets was over-supply of vehicles.
The logistics industry witnessed significant merger and acquisition activity in October 2024, revealing several key trends shaping the industry’s evolution and strategic priorities.
The US port workers have shown themselves to be reluctant to embark on extended strike action, the Canadian dockers appear not to be. The strife at the port of Montreal has become so bad that the management has ‘locked-out’ the workforce, whilst dockworkers in Vancouver have now been on strike for a week.
Cargo stakeholders using Adani Group container terminals at the south Indian ports of Kattupalli and Ennore are reporting growing delays, impacting productivity levels for vessels.
For the first time since 2008, the UK is experiencing more business deaths, than business births. That’s according to Mark Powney, Director of Economics at Savills. He blames this in part to the lack of affordable logistics and industrial land which is accessible to SMEs.
DHL used the phrase “persistently muted” to describe logistics markets over the past quarter and this probably accurately describes DHL’s performance in the third quarter as well. Results published earlier this week showed Revenue edging-up by 6.2% and Earnings Before Interest and Tax (EBIT) up 0.1% year-on-year.
Q3 road freight rates remained flat in the contract index q-o-q. In contrast the spot rate index fell by 4.4 points q-o-q. Overall both the spot and contracts rates indexes have fallen year on year.