Business
A group of 14 business associations, including forwarders organisation Clecat, the World Shipping Council and the European Shippers Council has welcomed the European Commission’s proposal for legal reforms to pave the way for the EU Customs Union, published on 17 May.
The coalition strongly agrees with the need to revamp the EU customs system, in order to better reflect the need for balance between trade simplification and enforcement, to ensure harmonized ...
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The US was by far the busiest destination for Coronation souvenirs other than the UK, says broker ParcelHero. It accounted for 60% of all the Coronation-themed products shipped in April, far outstripping the 20% sent to Australia, the next busiest destination.
It appears that the events ...
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Founder of Austrian forwarder Cargo-partner Stefan Krauter is to sell the business to Japan’s Nippon Express Holdings, the parent company of Nippon Express, APC, Italian forwarder Franco Vago and others.
Cargo-partner has a global turnover of €2.06 billion, with 4,000 employees in 40 countries.
Krauter, who started ...
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Hapag-Lloyd said that its EBIT earnings decreased to US$1.9 billion (€1.7 billion) compared to the same quarter last year, and the Group profit was also below the prior-year level, at US$ 2 billion (€1.9 billion). Transport volumes were 4.9% lower than in the first quarter ...
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DFDS reported an increase in revenue of 9% to DKK6.3 billion (£756 million) in the first quarter of 2023, despite a slowdown in freight volume. Freight volumes between the UK and Continent/Scandinavia declined, especially on the English Channel, while domestic transport volumes, including in the ...
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UK exports fell more sharply than any other G7 nation’s in February says broker ParcelHero, citing the latest OECD trade figures.It said the country’s exports fell by -4.45% against January and by -2.91% year-on-year.It added that all the G7 nations (Canada, France, Germany, Italy, Japan, ...
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CMA CGM Group is now committed to purchase Bolloré Group’s transport and logistics operations after granting it a ‘put’ option to the Bolloré Group to sell its transport and logistics operations.
A put option gives the seller the right, but not the obligation, to sell a ...
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Deutsche Post DHL Group achieved revenue of €20.9 billion in the first quarter of 2023 compared with €22.6 billion last year. At €1.6 billion, operating profit (EBIT) was 24.1% lower than in the prior-year quarter. As anticipated, the slowdown in global economic momentum was clearly ...
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For the purpose of reinforcing the bilateral relation, a "Memorandum of Understanding" is now executed by and between Turkish Cargo, the air cargo brand of Turkish Airlines, and DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, at the IATA ...
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CEVA Logistics has taken full control of its previously 50/50 finished vehicle logistics joint venture, Bergé Gefco, buying the remaining 50% from Bergé. The transaction has gained approval from the Spanish National Markets and Competition Commission.
Bergé Gefco provides FVL solutions for the Iberian Peninsula. ...
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