Monthly Archives for July 2021

Robust earnings spur Geodis acquisition spree Geodis capitalized on double-digit growth in its e-commerce business in the US and Europe, with the French forwarder posting a highly profitable financial result in the first half and using its earnings momentum to make a series of… Robust earnings spur Geodis acquisition spree Journal of Commerce

ECU targets Nordic region with purchase of consolidator Neutral non-vessel-operating common carrier ECU Worldwide has taken a majority ownership stake in Scandinavian co-loader Nordicon in a bid to tap into growing regional demand for less-than-containerload (LCL) services.  ECU, a wholly-owned subsidiary of Mumbai-based Allcargo Logistics, will hold a 65 percent stake… ECU targets Nordic region with purchase of consolidator Journal of Commerce

Regulating detention, demurrage comes with risks Detention and demurrage billing by ocean carriers is now in the spotlight… Regulating detention, demurrage comes with risks Journal of Commerce

Greater scrutiny of ocean carriers comes with risk of overregulation Detention and demurrage billing by ocean carriers is now in the spotlight… Greater scrutiny of ocean carriers comes with risk of overregulation Journal of Commerce

US retailers stress import disruption mitigation to Wall Street US retailers are mitigating container shipping disruptions by increasing the number of carriers they use, front-loading shipments, diversifying sourcing, and routing through alternative ports while warning supply chain pressures will continue through… US retailers stress import disruption mitigation to Wall Street Journal of Commerce

US regulators train sights on container shipping Roughly 12 months after the COVID-19 pandemic sparked the largest… US regulators train sights on container shipping Journal of Commerce

GSBN launches container release tool in China The Global Shipping Business Network (GSBN) on Wednesday said it has launched a new product in China aimed at speeding container release at destination ports by digitizing… GSBN launches container release tool in China Journal of Commerce

No change to chaotic air, ocean markets until February: K+N Shippers can expect the high freight rates, strong demand, and disrupted markets in air and ocean to continue at least until the Lunar New Year… No change to chaotic air, ocean markets until February: K+N Journal of Commerce

No change to chaotic air, ocean markets until February: K+N CEO Shippers can expect the high freight rates, strong demand, and disrupted markets in air and ocean to continue at least until the Lunar New Year… No change to chaotic air, ocean markets until February: K+N CEO Journal of Commerce

EDRAY gets million boost from investor Leto Import logistics technology provider EDRAY on Tuesday said it has received a $7 million investment from noted industry investor Andrew Leto as it expands the range of products beyond its original mission to create peel piles… EDRAY gets million boost from investor Leto Journal of Commerce