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...The petition will also raise concerns about Logink, a Chinese software platform that provides data on global supply chain logistics, which critics say poses a national security risk to the US....
...China’s AutoFlight Group won airworthiness certification from the Civil Aviation Administration of China in late March for the design and parts for its unmanned CarryAll aircraft — a global first for an...
...“The combination of GXO’s technological capabilities and global reach with Wincanton’s proven expertise in the UK and Ireland markets will enhance our offering,” he added....
...Yellow specialises in “less than truckload” or LTL logistics. The company said its nascent “One Yellow” strategy to unify its various acquisitions was starting to bear fruit....
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...A few weeks ago, there was an outcry after Apollo Global Management offered Yellow Corporation, the recently bankrupt trucking company, a $142.5mn DIP loan that came with a fee as high as $32mn....
...Some logistics companies offer a “southern route” that avoids Russia, going via Kazakhstan, Azerbaijan and Turkey....
...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...
...All this could help Chinese firms compete on unequal footing in the nearly $1tn third-party logistics industry.”...
...Those risks have increased given tensions with Russia in the Black Sea, the potential for conflict in the Taiwan Strait and the threat to global shipping in the Red Sea....
...Officially, the canal is known as the Tonle Bassac Navigation Road and Logistics System Project....
...The petitioners accuse China of distorting global markets in the maritime, logistics and shipbuilding sectors through “unreasonable and discriminatory acts, policies, and practices”....
...The congestion is the latest setback for the global system for transporting finished cars....
...In contrast, Alibaba’s stock is down a quarter despite it having many promising business units, including cloud and logistics....
...The logistics group, a bellwether for global growth, forecast adjusted earnings of $17.25 to $18.25 a share for the fiscal year, up from a prior forecast made in December, when it warned demand was slowing...
...It has a sizeable war chest of more than $100mn and a portfolio that includes logistics company Kobo360 and software training group Andela, which has also received investment from the Chan Zuckerberg Initiative...
...The logistics group, a bellwether for global growth, forecast adjusted earnings of $17.25 to $18.25 a share for the fiscal year....
...Stephen Gordon, Clarksons’ managing director for research, said normally about 25 per cent of global, long-distance seaborne movements of cars went through the Suez Canal....
...Global mask sales grew more than 30-fold during the pandemic....
...Mads Drejer, chief operating officer of Denmark-based logistics company Scan Global Logistics, said his company was “increasingly seeing” higher air freight demand....
...That projection is shared by Maersk, which has warned that the upheaval may cause a big hit to global growth....
...“The diversification into logistics also helps because it is less capital-intensive and less cyclical.”...
...“I’m sure the logistics companies will be using the fact we are using [the ships] for a longer time to negotiate the cost,” he said....
...Other than green energy, INA had a strong pipeline in each of its other focus sectors — transportation and logistics, healthcare and the digital economy, Porwanto said....
...Yet that has less to do with its prospects and more to do with a weak global initial public offering market....
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