DB Cargo’s post-Schenker future looks bleak, after a report from strategy consultancy Oliver Wyman criticized the direction taken by the company’s CEO. Employee unions are also demanding blood, as the European Union’s deadline for returning to profitability approaches. in … To read this article you need to subscribe. Help us continue investing in award-winning, independent…
According to an analysis by Reuters, global companies reported expected costs exceeding $35 billion from US tariffs as they approach third-quarter earnings. The analysis, which reviewed hundreds of corporate statements, regulatory filings and earnings calls from July 16 to September 30, found that companies expect a combined financial impact of $21.0 billion to $22.9 billion…
Statistics released today on factory automation show that 542,000 industrial robots will be installed in 2024 – more than double the number 10 years ago – according to the International Federation of Robotics (IFR). The group’s latest report says annual installations exceeded 500,000 units for the fourth year in a row. Asia accounted for 74%…
NorthLink Aviation’s plans to develop an e-commerce hub at Anchorage Airport may have faltered, in the wake of the administration’s decision to rescind a de minimis exemption — but the airport continues to increase freight volume. The combination of higher tariffs, additional compliance burdens and longer clearance… To read this article you need to subscribe….
The shipping and logistics industry has always been a complex network of stakeholders, from carriers and shippers to customs brokers and warehouse operators. Traditionally, these parties have relied on siled systems and manual communications, resulting in inefficiency, delays, and increased operational costs. However, with Digital transformation As global supply chains reshape, API-driven integration is emerging…
Škoda Transtech is in the running for the award of a contract to purchase 63 LRVs to Stadler earlier this month. ŠKODA previously supplied Artic LRVs to Helsinki. ŠKODA Transtech has filed a formal complaint with the Finnish Market Court in response to the decision taken earlier this month by the Helsinki Metropolitan Area Transport…
MSC has announced plans to launch a service between Asia and Mozambique, marking the next step in the evolution of trade between Asia and East Africa. The Cheetah service will be launched with the 2,500 TEU MSC Sheffield III vessel departing Shanghai on November 3 on a Singapore-Colombo-Bira-Nakala-Singapore port voyage. The vessel was previously allocated…
The global payments landscape is undergoing a seismic shift – and at the forefront is the thriving ecosystem built around Bitcoin. Recent industry forecasts indicate that Bitcoin payment ecosystem It could grow from about US$1.1 trillion in 2022 to about US$5.5 trillion by 2032, representing an expansive transformation of how value flows around the world….
The campaign launched to save the Plauen tram network has great public support. The Tatra tram fleet in Plauen was rebuilt between 1992 and 1996, but is now nearing the end of its life The tram network in the city of Plauen in the southeastern German state of Saxony may be forced to close due…
Dhaka’s air cargo community fears goods worth about $1 billion will be lost in the devastating fire that broke out at Dhaka Airport on Saturday, according to Mohammad Hatem, president of the Exporters Association of Bangladesh (EAB). Clothes, fabrics, yarn and spare parts were among the largest items destroyed, as well as a large amount…