Carriers hope price hikes will hold as spot rates fall in CNY doldrums
Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major…
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Cut in automotive freight costs triggers uproar among German SME hauliers
German premium car manufacturer Mercedes-Benz’s decision to cut its freight costs by 10% from 1 February, resulting…
UPS slashes less profitable Amazon volumes
UPS has announced that it will be slashing the volumes it handles for Amazon by 50% going into the second half of…
Contract season in limbo as carriers eye conditions for a Red Sea return
The Asia-Europe shipping contract season appears stuck in limbo, with shippers having delayed proceedings as they…
Conf call redux: CH Robinson – ‘controlling what we can control and what we can’t’
Fourth-quarter results at US road transport operator and freight forwarder CH Robinson beat analysts’ profit…
Ecommerce drives China’s 2024 air cargo volumes to record high
The swiftly growing ecommerce market has led to China’s air cargo volumes reaching an all-time high of 20.06m…
Spot vs contract gap widens as air shippers get wise to capacity limits
Ecommerce shippers reserving freighter capacity have widened the gap between global contract and spot rates,…
Hapag-Lloyd 2024 profits and volumes up – a boost for Gemini launch
Hapag-Lloyd retained its market share in 2024, with its volumes increasing at the same pace as the rest of the…
Fuel ‘trichotomy’ closer as OEM surmounts barrier to ammonia tech
The two-year dichotomy between methanol and LNG could become a trichotomy this year, with the news that an OEM has…
Maersk box ship breakdown means losses for Chilean cherry exporters
A Maersk-operated containership which suffered engine failure while crossing the Pacific Ocean a fortnight ago is…