'Slow season' and ocean network stabilisation easing pressure on rates
While container spot rates on the Asia-Europe and Asia-North America trades continued to remain elevated, ...
Transport Intelligence reports:
With the planned takeover of the logistics group LOXX from Gelsenkirchen, Rhenus intends to strengthen its activities in Germany and Europe. LOXX has a clear commitment to international operations, particularly cross-border general cargo, LTL and FTL business. The owner-managed logistics specialist focuses on the Rhine/Ruhr region in its German business.
The acquisition not only involves the holding company at the headquarters in Gelsenkirchen but also five operational business sites that are based at the head office, in Pleidelsheim near Stuttgart and the Polish cities of Warszawa, Poznań and Katowice.
“The business sites operated by the LOXX Group ideally enhance Rhenus Freight Road’s existing European network because of the company’s strong emphasis on internationalisation and the cultural variety and skills of its employees,” said Thilo Streck, Managing Director of Rhenus Freight Logistics.
The full post can be found here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
FAK rate hikes holding, with strong demand into peak season predicted
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article