Category Archives for Industry News

DB Schenker customers spooked by DSV takeover welcome at DHL: CEO The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year. DB Schenker customers spooked by DSV takeover welcome at DHL: CEO International Freight

DSV takeover signals end to 150 years of DB Schenker brand While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward. DSV takeover signals end to 150 years of DB Schenker brand International Freight

SEKO secures fresh financial backing amid prolonged forwarding industry slump The forwarder did not provide financial details, but CEO James Gagne told the Journal of Commerce the transaction puts SEKO on solid financial footing. SEKO secures fresh financial backing amid prolonged forwarding industry slump International Freight

Union, government hurdles ahead in DSV’s billion takeover of DB Schenker DSV knocked the unions’ preferred bidder, private equity firm CVC Capital Partners, out of the race but the forwarder’s bid now needs approval from the German parliament. Union, government hurdles ahead in DSV’s billion takeover of DB Schenker International Freight

Trans-Atlantic shippers test contingency plans as ILA strike threat grows With just three weeks to go until the union’s master contract with port employers expires, US importers are scrambling for options but are finding there are no ideal alternatives. Trans-Atlantic shippers test contingency plans as ILA strike threat grows International Freight

Tech vendor aims to help forwarders preserve margins in growing LCL market Forwarders booking less-than-containerload business from shippers face documentation and pricing challenges that cut into their ability to carve out margin. Tech vendor aims to help forwarders preserve margins in growing LCL market International Freight

Falling demand, rates signal early end to Asia-Europe ocean peak season While rates remain more than four times higher than this point last year, forwarders and carriers report an easing of demand ahead of the traditional end to the peak shipping period. Falling demand, rates signal early end to Asia-Europe ocean peak season International Freight

DP World adds Hong Kong forwarder to growing 3PL network Cargo Services will expand the global port operator’s reach in Asia across a range of industry verticals. DP World adds Hong Kong forwarder to growing 3PL network International Freight

Capacity boost on trans-Pacific pushes carriers to compete for cargo Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting. Capacity boost on trans-Pacific pushes carriers to compete for […]

Restocking begins on trans-Atlantic ahead of potential labor disruptions The first signs of US importers beginning to advance shipments from Europe to get ahead of possible terminal closures along the US East and Gulf coasts at the end of September are being reported by carriers and forwarders. Restocking begins on trans-Atlantic ahead of potential labor […]