US furniture distributor in $12m claim against CMA CGM over contract breaches
CMA CGM has found its shipping practices in the dock, with two claims having been ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Big news in Germany. Der Spiegel reports that the Frankfurt prosecutor’s office has raided 17 businesses and premises in relation to bribery and corruption allegations, including at least one employee of Lufthansa Cargo and its 100% subsidiary, Handling Counts. The newspaper said that there was a total of five people under investigation over a period of two years, one of whom is said to be a top director of Handling Counts and a senior Lufthansa Cargo executive. The two-year period under examination has not been revealed, but a quick look at LinkedIn shows one or two senior names at Handling Counts. Lufthansa Cargo has issued a fairly bland statement saying it was “co-operating” and giving the authorities “every assistance”, but that “no further details can be disclosed”. German readers should go to the Der Spiegel link, English readers will have to go to a blander Reuters report.
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