Maersk profit update sparks claims carriers are exploiting disruption
Shippers have accused ocean carriers of exploiting the market disruption through “opaque surcharges” and reduced ...
Logistics property developer Goodman expects global consumerism to continue fuelling its development activity, reporting strong first-half results with profits up 9% year-on-year to $388m. Speaking to The Australian, chief executive Greg Goodman said the space required by e-commerce operators on an annual basis was “very large”. “It’s a real game-changer. It’s been going on for a number of years, but as the middle class in Asia is growing, it’s accelerating,” said Mr Goodman. The company yesterday announced it would build a new logistics centre for US e-commerce behemoth Amazon in California.
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