Hutchison's $22.8bn port sale – on the lookout for Gemini...
A ripple in many ports
The forwarding market is predicted to see a wave of consolidation among smaller independent forwarders over the next year, following a series of acquisitions in the past 24 hours.
One senior freight forwarder told The Loadstar “2024 will be the year of consolidation”, as SME forwarders look at selling their businesses and would-be acquirers continue to wield significant funds for the right targets.
“The shite times are here, and deepening, and [SME] valuations are good, based on the last three years, ...
Trump tariffs see hundreds of cancelled container bookings a day from Asia
Macron calls for ‘suspension’ – CMA CGM's $20bn US investment in doubt
De minimis exemption on shipments from China to the US will end in May
Forwarders stay cool as US 'liberation day' tariffs threaten 'global trade war'
Mixed response in US to 'Liberation Day', while China leads wave of retaliation
Tariffs and de minimis set air freight rates on a volatile course
Overcapacity looms for ocean trades – with more blanked sailings inevitable
'To ship or not to ship', the question for US importers amid tariff uncertainty
List of blanked transpac sailings grows as trade war heats up and demand cools
East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
'Chaos after chaos' coming from de minimis changes and more tariffs
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