OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
Operating income more than halved after specific items and SBC for Ceva Logistics during the first six months of what the company described as a “transformative period”.
Between January and June, Ceva listed on the Six Swiss Exchange, generating proceeds of $820m, and shipping line CMA CGM taking a 24.99% stake for $378m.
“We have used a substantial part of the proceeds from the IPO and the concurrent private placement to CMA CGM in May to repay debt,” said the operator.
“As a consequence, ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Response to tariffs by Chinese importers may see extra costs for US shippers
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