LTL carriers step up cost saving as market stays stubbornly soft
As job culls spill over into the less-than-truckload (LTL) sector, XPO has been on a ...
A frank assessment of where it all went wrong for APL owner NOL, from its current chief executive Ng Yat Chung (pictured, left) in an interview with Singapore paper Straits Times, on the eve of the line’s acquisition by CMA CGM. Mr Ng claims that, historically, APL’s success was built on its reputation as a premium service provider, but once cost became the principal metric to compete with their peers, its advantage was blunted. But turning an organisation’s direction in response to changing circumstances is often easier said than done, he admits. “It wasn’t easy because the business model has worked for us so far. There were arguments that when the cycle turned, things would be okay. Unfortunately, this time round, the down-cycle is probably as deep and as long as anyone can remember.”
Knights of Old parent enters administration, but sister firm Nelson is saved
EXCLUSIVE: UPS rumoured to have eyes on DB Schenker
Flexport fires CFO and HR VP, but sees need for a head of restructuring
Maersk and Hapag-Lloyd offer their guides to 2024 ETS surcharges
'Peak season already over' as ocean freight rates collapse further
150,000 empty containers stranded in Russia as trade imbalance grows
Manufacturing boom in India drives up intra-Asia freight rates
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article