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Related Special Reports
...Most of these are run by Sun Ship Management, which has been placed under sanctions by the UK and EU for being connected to Sovcomflot, the giant Russian state tanker fleet....
...freight data provider TAC Index....
...The GDL’s demand for a 35-hour working week on full pay, down from 38 hours now, has been rejected by Deutsche Bahn management....
...for margins due to higher freight costs.”...
...The monopoly’s chief executive Portia Derby and its head of freight rail — the biggest division in an empire that also spans ports and pipelines — have both resigned in the past month....
...Context: Greece’s deadliest train crash occurred in February last year, resulting in the deaths of 57 people and posing big questions over the management of the railway operator....
...BlackRock, already the world’s biggest money manager, said assets under management had surged above $10tn for the first time since 2021....
...“We are witnessing the collapse of Transnet because of endemic levels of corruption within it . . . and a management team that is woefully out of its depth [and] must now go,” Cosatu, the biggest South African...
...Freight services were stopped the previous evening....
...Being admitted to the Florida fair is a “milestone for the gallery”, says Nick Lawrence, founder of Freight+Volume in New York....
...He added that shipping delays could push up the cost of freight, which may ultimately lead to higher prices....
...Elsewhere on Tuesday… — The active management delusion (CFA Institute) — Why one firm’s 3,612% return is drawing the ire of hedge funds (Bloomberg) — Was there a US nuclear weapons accident at a Dutch...
...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...
...The government said it had “set out a clear plan for the future of our railways”, which would “make the most of industry expertise while putting passengers and freight customers first.”...
...China continues to enjoy a substantial lead in the capacity of its freight infrastructure....
...Management highlighted “materially elevated glass costs”, a big issue considering around 80 per cent of the company’s sales rely on glass bottles....
...A tender has been completed for UK and Europe glass needs, which management hopes will lead to “significant year-on-year improvements” in costs. Freight costs are now significantly lower....
...The company also owes about $500mn to private equity firm Apollo Global Management via a term loan....
...A status quo agreement between the union and management will last until December 8....
...Since then the retailer has been grappling with a high debt burden, freight-cost inflation and sliding revenue, according to S&P Ratings....
...On the plus side, the gross margin was up 40 basis points, helped by improved freight rates and lower underlying financial services arrears....
...The price of diesel, critical to freight, agriculture and other industries, has also been on the march, increasing nearly a fifth in the past three months to $4.57 a gallon....
...and needed new management to urgently fix problems at the company....
...Management agreed to a 25 pay rise over four years, including an immediate bump of 11 per cent, an offer far more generous than its initial bargaining position....
...OOCL said it was diversifying growth in its freight routes and expanding in south-east Asian countries including Vietnam....
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