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...Maersk is a bellwether of global trade, carrying about a fifth of ocean freight....
...Mads Drejer, chief operating officer of Denmark-based logistics company Scan Global Logistics, said his company was “increasingly seeing” higher air freight demand....
...of service,” Xie said....
...Logistics now account for 15 per cent of CMA CGM’s core profits, compared with under 4 per cent a year earlier....
...Under EU sanctions, there is a near-ban on movements of road freight to and from Russia and Belarus. There are also restrictions on RZD’s ability to access some financial services....
...The overall tax take will first have to rise to finance vital additional public investment, rescue public services in crisis and so catalyse more growth....
...Alibaba’s Cainiao logistics service said it operated on average 170 chartered flights or block-space agreements per week....
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
...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....
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...Competition for assets has been fuelled by cash reserves that freight groups worldwide built up when disruption and increased ecommerce spending boosted demand for logistics services during the Covid-19...
...After building up a trillion-dollar company’s logistics operation, he should have had no problems expanding an $8bn start-up....
...In European countries experiencing recessions, demand for express services fell....
...Unlike the UK where freight lines are shared with passenger lines, “European countries have separate freight [rail] lines”, the executive pointed out. “You have Victorian infrastructure....
...These would service a long-standing deep seaport inside Kampot’s sleepy cow pasture and rice field-filled special economic zone....
...Flight delays cost fuel and time, while also holding up freight, which will require more capacity as logistics demand takes off....
...Transnet’s inefficient running of South Africa’s commodity freight railways may have cost the economy more than R410bn, or nearly 6 per cent of GDP last year, according to the Treasury....
...On Wednesday, the one-time pandemic darling acknowledged the new reality by announcing a partnership with food delivery service Uber Eats....
...The fact that Transnet lost over R5bn [in the last financial year] is absolutely nothing compared to what our treasury has lost in terms of revenue,” said Jan Havenga, professor in logistics at Stellenbosch...
...Network effects are familiar by now: information processing products and marketplace services become more valuable the more users they have. “Recombination of ideas” is more complex....
...“This will bring with it the likelihood that container services will begin to see delays which they’ve been able to previously avoid,” freight forwarder and logistics company Flexport wrote in a newsletter...
...Such invisible logistics costs end up being loaded on retailers, and ultimately on shoppers. It is not immoral to sell time (or the right to save it) in this context....
...“There’s so much shipping capacity coming on stream that in the long run the increase in rates evens out,” says Ryan Petersen, chief executive of the freight forwarding and logistics company Flexport....
...The scheme, called Generation Logistics, which is being led by trade bodies Logistics UK and the Chartered Institute of Logistics and Transport, has secured £345,000 of government funding....
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