South African trade moves away from air cargo as ocean rates tumble
South Africa is set to see a shift from air freight as importers and exporters ...
Chief executive James Foote seems to be handling the CSX train with the sort of dexterity his predecessor would have admired. Yesterday, the US rail carrier reported third-quarter earnings well above Wall Street expectations. Freightwaves reports Mr Foote as saying the carrier is two years ahead of where it expected to be at this stage. Furthermore, Mr Foote also expressed excitement by the overall performance, with net income almost double that reported for the same period last year – $894m versus $459m.
Container shipping can see ‘green shoots’ of freight demand recovery
Shippers advised to give strike-hit port of Hamburg a miss
Forwarding M&A round-up: plenty of action making smaller headlines
Some ocean trades stabilising, but transatlantic rates still falling
Retailers warn of challenging orderbooks amid continued high inventory
Mind the (income) gap with Mærsk, DP-DHL & Kuehne – DSV the safest
Another rail strike in Germany to add to European freight troubles
Maersk says posted data is not current and not from attack by hackers
Beijing and Moscow develop rail trade with new route and river bridge
Older freighters look set for the scrap heap as capacity oversupply looms
Comment on this article