'Organic growth and selective acquisitions' the way forward for ID Logistics
French pure-play contact logistics operator (PPCLO) ID Logistics reported a 19.1% increase in revenues in ...
China’s largest freight forwarding and logistics group, Sinotrans, has reported largely flat trading results in its first year of being state owned.
Sinotrans, listed on the Hong Kong Stock Exchange, saw total revenues for the year came in at Rmb46.7bn (US$6.8bn) compared with Rmb45.5bn in 2015, representing a 2.8% growth.
It reported an operating profit of Rmb1.57bn, compared with Rmb1.64bn last year, while net profit grew from Rmb1.96bn to Rmb2.09bn.
Last year was the first in which the company formally became a subsidiary of state-owned port operator China ...
Up to $1.5m fee for every Chinese-built box ship calling at a US port
Carriers warn of cargo disruption due to strikes at Munich Airport
$1.5m China-built ship charge would bring return of US port congestion
MSC switches bigger box ships to higher-paying trades in 'landmark' move
Sanctions-busting forwarder jailed, while Europe 'ramps up the pressure'
Taiwan and South Korea lines don't fear US levy on Chinese ships
Business calls for end to French port strikes, but unions plan more
Carriers put on a brave face amid further decline in ocean spot rates
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