Logistics and resilience are key as Saadé warns supply chain disruption is 'new normal'
CMA CGM chairman and CEO Rodolphe Saadé has outlined how the French shipping giant is ...
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
With the US/Israel-Iran conflict now into its second month, The Loadstar’s readers are well acquainted with the concept of the various Middle East landbridges that have sprung up to service Gulf importers locked away behind the closed Strait of Hormuz.
But what’s it actually like to run one of these trucking firms in such a time?
Semafor this week published a fascinating interview with Gaurav Biswas, CEO of TruKKer, the Gulf’s answer to Uber Freight and backed by investment funds from Abu Dhabi, Saudia Arabia, and Bahrain.
He has seen volumes soar 30% since the onset of the conflict, as well as the considerable pressure that ports outside Hormuz have come under.
“For now, however, smaller ports are absorbing volumes they were never built for,” Mr Biswas said. Turning these nodes and land corridors into full-fledged alternatives to Jebel Ali, was he says, “like asking Muscat airport to become Terminal 3 of Dubai.”
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