Strong Q3 demand drives improvement in CMA CGM revenue and profits
French container shipping and logistics group CMA CGM saw third-quarter revenues and profits bolstered by ...
BA: ASSET DIVESTMENTRXO: ONE OBVIOUS WINNER DHL: UBS TAKEDHL: DOWNBEATATSG: UPDATEMAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNER
BA: ASSET DIVESTMENTRXO: ONE OBVIOUS WINNER DHL: UBS TAKEDHL: DOWNBEATATSG: UPDATEMAERSK: QUIET DAY DHL: ROBOTICSCHRW: ONE CENT CLUB UPDATECAT: RISING TRADEEXPD: TRUMP TRADE LOSER LINE: PUNISHEDMAERSK: RELIEF XPO: TRUMP TRADE WINNER
Brexit’s wide-reaching implications have been felt by Kenya Airways Cargo, which saw revenues on its busiest route drop following the declining strength of sterling. The pound has plummeted by around 15% against the dollar since the 23 June vote, and cargo general manager Peter Musola told Air Cargo News this had hit the airline twice. Firstly, it brought major yield dilution when converting pounds into dollars – around 12% according to Mr Musola – and secondly, exporters paid in pounds have, together with forwarders, been pressuring the carrier to drop rates to make up for their currency losses.
What will Trump's win mean for the logistics industry?
Ripples from standstill at strike-bound Canadian ports could spread inland
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Cargo operations at Brazil's Guarulhos Airport on brink of collapse
Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung
Disruptions at Canadian ports see rail operations hit the buffers
Box shipping's resilience will be tested after September drop in volumes
Trump tariff threat could see shippers launch new wave of import front-loading
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