Business
Globalization remains at a record level, despite geopolitical tensions and uncertainties, say DHL and New York University’s Stern School of Business in the latest issue of the DHL Global Connectedness Tracker, published on 19 November.
In 2023, 21% of the value of all goods and services produced around the world was traded internationally – just shy of the all-time high of 22% first reached in 2008 and matched in 2022.
The Connectedness ...
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In a surprise move, DFDS has completed the acquisition of the international transport network of Turkey-based Ekol Logistics, having earlier this month saying it had abandoned its bid due to a failure to reach contractual conditions by the agreed deadline.
The Danish-owned ferry and logistics company ...
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There is a widespread lack of awareness of the upcoming ICS2-ENS regulations and EORI requirements, according to logistics platform Trade Tech.
The company carried out a survey on its website over the last few months of stakeholders involved in cargo shipments to and throughout the EU.
It ...
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CMA CGM Group said it delivered a robust performance in the third quarter of 2024. Volumes carried on the main shipping routes remained very high mainly due to inventory rebuilding “in an environment still roiled by geopolitical tension” including the prospect of port strikes on ...
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Judah Levine, head of research at the Freightos platform says that Donald Trump’s victory in the US presidential elections could have an effect on supply chains even before he takes office.
The president-to-be is known to be in favour of stiff tariffs on overseas imports, especially ...
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Three out of four European shippers have experienced supply chain disruption in the past 12 months, more than half with significant cost impact, according to a survey of over 2,000 of Maersk Line customers in the region
More than 76% of said that the disruption had ...
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DHL Group posted revenue of €20.6 billion in the third quarter of 2024, up 6.2% compared with the same period of 2023. Operating profit (EBIT) was €1.37 billion, similar to last year.
Chief executive Tobias Meyer said that global trade momentum was weak but the group ...
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Chris Zheng, founder and chief executive of last-mile delivery specialist SpeedX has acquired New York City headquartered, Accelerated Global Solutions, for an undisclosed sum. The acquisition builds on a two-year collaboration between SpeedX and AGS, combining SpeedX’s last-mile delivery with AGS’s customs brokerage and freight ...
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DFDS has abandoned its bid to acquire the international transport network of one of Turkey’s largest operators, Ekol Logistics. It said that completion of the transaction was conditional upon regulatory approvals and certain contractual conditions. Some of the latter had not been satisfied by the ...
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The UK’s Competition and Mergers Authority (CMA) has decided to refer US-owned GXO Logistics acquisition of UK logistics firm Wincanton for an in-depth, phase 2 investigation unless the parties undertake to address these competition concerns.
A GXO spokesperson said: “We are reviewing the decision and will ...
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