Hints and tips:
...Some of the trade groups before the freight forwarding association was saying that some of the technology for what’s called the single trade window is not necessarily gonna be in shape....
...What holiday demand will look like is in flux, said Vaughn Moore, chief executive of freight forwarding company AIT Worldwide Logistics, noting that two of his large retail clients have downgraded their...
...Maersk has had its own air freight operations since 1987 and its Star Air subsidiary operates 15 aircraft....
...Maersk is spending more than $1bn to expand its small air freight offering, buying Senator International, a German freight forwarding company that is strong in air cargo, and adding five new aircraft for...
...Higher freight costs — now $40,000 a day — are painful for buyers, compounding the price increases of the commodities being shipped....
...She will replace Carl Ice, who will retire in January after 42 years at the freight network. More from Reuters....
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...For its critics, the issue is symbolised by the giant Chinese flag flying alongside the stars and stripes at the main gates — a nod to its ownership by CRRC, a Chinese state-owned enterprise that is the...
...Freight, petrochemicals, aviation and shipping comprise the rest and will not be so easily electrified....
...The results have already been dramatic, says Shivkumar Rao, co-founder of R&Y Logistics, a freight-forwarding company. “Our trucks used to cover 250km per day; now they’re doing up to 325km,” he says....
...It is owned by CSX, the third largest freight railroad in North America by revenue and also one of the slowest....
...Elsewhere, the logistics division put in a consistent performance, contributing £900,000 in operating profits, though higher freight forwarding rates put some pressure on margins....
...The ecommerce company has also obtained a freight forwarding licence in China, a potential step toward providing large-scale shipping services to companies that sell on Amazon.com....
...Operating income at FedEx freight, the freight forwarding division, fell 21 per cent to $168m, on revenue of $1.6bn against last year’s $1.61bn, because of lower-than-expected demand for less-than-truckload...
...Deutsche Post DHL is overhauling the IT system at its freight forwarding division, where the DHL unit makes heavy use of paper because it grew by acquisition, which involved knitting together companies...
...In supply chain and freight, operating profit increased 3 per cent to $151m, on revenue up 1.3 per cent to $2.19bn. Freight forwarding revenue had suffered from the dollar’s strength, the company said....
...In FedEx Freight, the freight forwarding business, operating income grew 70 per cent to $168m, on revenue up 13 per cent to $1.61bn....
...Compared with last year’s adjusted results, fourth-quarter operating income for FedEx Freight, the company’s freight forwarding business, increased 51 per cent to $122m, on revenue up 12 per cent to $1.55bn...
...The second part of the three-pronged strategy involves an investment in logistics through its March acquisition of China Container Line, a sea freight forwarding business....
...This has involved furious phone calls to protest at my underplaying a client’s view of the world, surreptitious forwarding of material helpful to the case being pitched, and friendly invitations to bend...
...Third-quarter earnings per share were 60 cents – after stripping out a tax benefit related to a US court’s partial reversal of an earlier decision on the bank’s controversial Stars programme – beating analysts...
...(Financial Times) SEC criticizes management at Options Clearing Corp: “Regulators found flaws in the way that Chicago-based Options Clearing Corp. prepares for market freeze-ups and measures financial risks...
...The more exciting part of Deutsche Post, however, remains its DHL unit, which encompasses express delivery, freight forwarding and logistics....
...Moreover, the new party chiefs in Chongqing and Guangdong, both rising political stars, chose to cut their GDP growth targets aggressively (Guangdong: 8.0% for 2013, among the lowest of the growth target...
...Investors will want to weigh such optimism against signs of weakness in the global forwarding and freight division, which reported “significant cooling-off” in air freight and a dip in ocean freight revenues...
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