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...Recent Houthi attacks on container ships in the Red Sea have begun to push up air freight rates and shown fresh pockets of demand for such services....
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
...Apollo Global Management has shed its financial exposure to failed US trucking company Yellow, selling off a $500mn term loan and dropping plans to extend pricey financing to fund the freight group’s bankruptcy...
...Simply stated, we’re in a freight recession....
...that while sales had recovered along the retail rebound in 2021 following pandemic lockdowns, the group’s liquidity had been hit by investments to improve its supply chain and the higher cost of using air freight...
...Freshfields Bruckhaus Deringer O: 6; L: 8; I: 7; Total: 21Freshfields advised Li & Fung on the sale of its logistics arm, LF Logistics, to Danish shipping group Maersk, and the buying back of the global freight...
...After a period of financial difficulties, the French group is now flush with cash as bottlenecks and logistical problems during the pandemic have boosted freight rates....
...The campus features a mammoth 1930s-era industrial building where freight trains once disgorged their Manhattan-bound goods....
...Mr Saadé said the $30bn revenue group is focused on growing its logistics business, which brings in $8bn a year after the acquisition of its Ceva logistics arm in 2018....
...Waymo is partnering commercial vehicle group Daimler Trucks to power big-rig lorries, as Alphabet’s driverless technology unit moves its technology beyond carrying passengers to hauling freight....
...www.ft.com/content/709849fc-4148-4687-9924-0c61f0447f2d Brexit trade talks hit by fresh dispute over state aid ft.com/content/2f508f4d-22e2-4deb-8d42-77a7c31fc53c Brexit stockpiling triggers cross-Channel freight...
...The offer valued Ceva at SFr1.6bn ($1.6bn). Schenker is likely to be valued at up to €10bn, according to industry figures....
...as promising to all but eliminate fatal road accidents by removing human error, self-driving technology also potentially opens the way for a suite of new business models, from robo-taxis to autonomous freight...
...Supporters claim it will be as revolutionary in software development as shipping containers have been in the movement of freight....
...This appears to be CEVA Logistics, which sold a €300m seven-year bond at 5.25 per cent yield back in July, with adjustments taking its ebitda figure from €197m to €292m....
...DFDS, a Danish ferry company, last week warned its profits were already dropping because of a slowdown on Channel sea freight routes....
...By contrast, the mayor of San Jose, Sam Liccardo, bragged on Twitter this week that Google was “paying full freight on land, fees and taxes” for its development in his city....
...Not only is its core business of transporting seaborne freight under strain from the prospect of a US-China trade war and a slowing global economy, but its profitability and cost control have slipped too...
...Along with the challenges in the oil & gas business posed by continued weakness in the global oil field services industry and the downturn in the North American market for freight locomotives, GE has to...
...ANZ analysts noted that despite steel futures in China remaining “relatively quiet” and a rise in stockpiles at Chinese ports, the benchmark spot iron ore price – 62 per cent fines, including freight, at...
...On Friday, the benchmark spot iron ore price – 62 per cent fines, including freight, at Qingdao – lifted 2.9 per cent and moved above $70 a tonne for the first time in more than two months....
...A series of underground utility tunnels will house utilities like electrical wires and water pipes, and also provide pathways for freight-delivering robots....
...In late November, the Baltic Dry Index, which tracks freight charges for shipments of dry bulk goods, hit an all-time low....
...Britain may soon have a novel way to tackle road congestion — an underground network of pipes that propel freight-packed capsules to their destination which could lead to fewer trucks on the road....
...On an all-in basis — including mining costs, freight and value in use premium — it reckons the Brazilian company has leapfrogged Rio and BHP....
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