GXO Logistics reports 20% boost in revenue and $1bn in new business last year
The world’s largest pure-play contract logistics operator, GXO Logistics, recorded a 20% increase in annual ...
Photo: Panama Canal Authority
By Mike Wackett
On 8 August the Panama Canal Authority (ACP) approved a reduction in its tolls for southbound neo-panamax vessels, but analyst Drewry is doubtful whether the incentives to carriers will have immediate impact.
The new tariff, $10-$15 per teu below the unchanged northbound tariff, will only apply to ships of 6,000 teu and above, and vessels must have carried at least 70% of its maximum capacity on the headhaul voyage and not take longer than 28 days to complete the round trip.
Drewry calculates that, for the ...
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