Freightos freezes hiring plan as it absorbs SPAC costs
High SPAC costs, and public scrutiny in a “cynical” market has clouded Freightos’ Q1 results, ...
It is, of course, designed for marketing purposes, but nevertheless, this second-quarter review of the logistics and technology market is a useful round-up of what has been happening. Get past the Freightos bit and there are updates on Amazon, Alibaba, drones, freight companies working with tech companies, last-mile services and food delivery. It also reveals how much the tech start-ups are raising in funds…Freightos has also come up with ‘Six freight facts that are wrong” – worth a read.
US container imports plunge as economy and labour take their toll
ZIM dividend zeroed due to Q1 net losses of $58m – stock down 17% in early trade
Forwarders warn shippers against rates that 'look too good to be true'
Peak season hopes dashed as freight rates slip again
Panama Canal restrictions could halt US coastal shift
Shippers hold back on contracts amid uncertainty and ample capacity
Airlines that adapt quickly will survive likely freight pain in H2
Carriers look for trade mix to stay in the black
US shippers put on high alert over double-brokering fraud
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