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Team Global Express (formerly Toll Global Express) signs A$250m loan

PRESS RELEASE Team Global Express (formerly Toll Global Express) has signed a $250 million loan facility with the Commonwealth Bank of Australia (CBA) as part of an agreement to refinance its business. The funding will underpin Global Express’ business transformation and provide additional liquidity to support further investment into the business and fund its growth…

‘Where’s Willie?’ is the cry as WCS ends and IATA looks increasingly irrelevant

IATA is an increasingly irrelevant presence in air cargo. Source

Fewer orders ‘bodes poorly’ for China’s exports as Golden Week looms

China’s manufacturing sector contracted again this month, with new export orders at their “lowest since May.” According to the Caixin China General Manufacturing Purchase Managers’ Index (PMI), September’s factory output and demand was “dampened” by Covid containment measures. Caixin said: “New business dropped for the second month in a row, which led to a renewed…

DFDS to integrate Sunswap electric reefer systems into its trailer fleet

DFDS is to buy Sunswap transport refrigeration units (TRUs), reefer trailers powered by solar panels and batteries. The solar panels provide power to the refrigeration system during its journey, extending the charge in the battery. In tests with DFDS, the Sunswap TRUs proved capable of two 11-hour truck journeys across the UK after an 80-minute…

IndiGo adds its first freighter as it targets India’s growing air cargo market

Major Indian air carrier Indigo has launched its first freighter, a converted A321, as it prepares a significant cargo push Source

Against the odds: DSV, Mærsk, DP-DHL & Kuehne – Swinging

Oh yes, they do! Oh no, they don’t! Oh yes, they do! Oh no, they don’t! Oh yes they do? Bonkers. Today we could have expanded on why the buyout of Atlas Air by Apollo, a private equity shop also rumoured this week to be looking at Ryder System, runs the risk of falling through…

Transaid exceeds 50,000 professional drivers trained in Africa

Transaid used its recent annual showcase event in London to celebrate two major road safety milestones met during 2022. Source

Current climate could see thousands of SME hauliers driven off the road

Haulage associations are calling for state support for European SME hauliers to tackle high fuel costs and a shortage of drivers Source

Rite-Hite celebrates 30-year European anniversary

The Rite-Hite group of companies has reached a significant milestone in Europe – three decades of helping to improve safety, security… Source

DB Schenker CEO: ‘Changes forced on supply chains by the pandemic are here to stay’

Changes in the logistics industry are constant, but those forced through by effects of Covid-19 have taken on a greater significance, offering an insight into how a forwarder such as Germany’s DB Schenker can improve connections. In particular DB Schenker’s airfreight business has taken on a new look and this will not return to its…

IAG Cargo opens applications for Heathrow apprenticeships

IAG Cargo has launched its 2023 apprenticeship scheme which combines on the job operational training with recognised qualifications.  Source

Spot rates still tumbling, but carriers ‘can still make good money’, says NVOCC

Container spot rates on Asia-North America and Asia-Europe trades continued to fall this week with more contract cargo moving to spot Source

Cargo area modernisation at LAX at last – a relief for frustrated forwarders

One of the major gateways for international air cargo is set for a sweeping overhaul of its cargo infrastructure. Los Angeles World Airports (LAWA) has invited proposals for the modernisation of its cargo facilities at LA International (LAX). Other major US gateways like Miami, Dallas/Fort Worth and Chicago have made recent upgrades to their cargo…

SIB Solutions expands UK business

SiB Solutions, the Swedish enabler of flawless logistics, is expanding its UK business to meet the growing interest in its services. Source

SM Line CEO Park Kee-hoon quits as freight rate decline continues

Speculation surrounds the sudden departure of SM Line CEO, with rumours of a restructuring planned at the South Korean carrier Source

Snapshot: Enter Toll… erm… Team Global Express – spot the difference

Let’s go through this quickly, very quickly, to alleviate the pain. Right. So, it was a month ago tomorrow that Allegro Funds, the new owners of Toll Global Express (TGE) announced the group would be changing both “the name and brand identity” – it is now called, not very creatively, if I may: Team Global Express.…

Analysis: The missing piece in the GXO Logistics jigsaw

It’s a hard time to lead a listed pioneer in warehouse outsourcing nowadays. Fear, lack of confidence, and worst-case scenarios all prevail over a rational assessment of a business’s prospects in the capital markets. Changing hands at 64.5% below records, and just over a year since it was floated, GXO Logistics, the XPO Logistics spin-off,…

Now Maersk suspends Asia-USEC loop: ‘when demand recovers, it will return’

Maersk Line has announced it is suspending the TP28 Asia-US east coast service as carriers cut capacity in bid to restore spot freight rates Source

On the wires: Mærsk leads too-big-to-fail (credit) race

It has long been been a question why, despite massive profits and de-leveraging occurring at most ocean carriers, their credit ratings – which should be a litmus test of balance sheet/cash flow soundness, or weakness – haven’t materially improved up the ratings ladder in the past couple of years. And this week, Alphaliner deserved the attention…

Linde approves biofuel for IC trucks

Fleet operators using diesel forklifts from Linde MH can now reduce their CO2 emissions by up to 90% through the use of HVO. Source

DHL’s Alice cargo plane takes to the skies in an electric wonderland….

DHL Express’ electric aircraft plans went airborne this week, with the maiden flight of its Alice electric cargo plane, of which it has 12 on order. The electric aircraft took to the skies for the first time on Tuesday, at Grant County International Airport in Washington, US. In August, DHL placed the order with Seattle’s…

Five success factors for supply chain design

The right supply chain design is becoming a crucial competitive advantage for companies, writes Ralf Duester, board member of Setlog. Source

M&A radar: SATS doesn’t persuade the plebs

SATS + WFS in a nutshell: Wednesday was the day of the gods but on Thursday came the reality check from the plebs. Was joining forces with Worldwide Flight Services (WFS) a good idea, after all? The stock of the Singaporean firm was down 21% at closing, hitting a new 52-week low of S$2.96, closing…

Toyota reveals winner of Logistic Design Competition

Toyota Material Handling Europe and Toyota Europe Design Development have presented the winners of the Toyota Logistic Design Competition. Source

Port of Liverpool community braces for second dockworker strike

Liverpool dockworkers are to stage a second walkout, from 11-17 October, after negotiations with the Peel Ports-operated terminal failed. The Unite union announced the next strike with five days left of the current industrial action, saying an offer of an 8.3% pay rise and one-off £750 payment fell well short of the present 12.3% rate…

TagID guided charging brings new standard

With TagID guided charging, Fronius says it is bringing a new standard to the market for charging lead-acid batteries. Source

Virtual warehouses and 3D printing: Schenker’s ‘supply chain of the future’

Virtual warehousing and 3D printing has put DB Schenker firmly on the road to futuristic logistics, it said, launching its new system using its parent, Deutsche Bahn (DB), as its guinea pig. DB said currently maintenance and repair stocks, worth up to $600m, involved thousands of spare parts for rail and locomotives having to be…

Safeen Feeders and Saif Powertec to set sail on Bangladesh box trades

While the fate of new entrants on liner shipping’s main east-west trades remains uncertain, due to the worsening freight rate environment, there are still opportunities for start-ups in niche trades. This appears to be the thinking behind a recent deal between Abu Dhabi Ports shipping subsidiary Safeen Feeders and Bangladeshi firm Saif Powertec, which will…

Yale launches configurable Series N

The Yale Series N has the potential to be game-changing with its configurable features, allowing customers to redefine the way they operate. Source

Reversible freighters tap into slot-constrained conversion market

Avensis Aviation received the STC for its fully reversible Class E solution, which it calls the MEDIUS cargo modification. Source

Intra-Asia ocean freight rates on the slide, but still stronger than long-haul lanes

Intra-Asian ocean freight rates are “sliding”, but the market is holding up better than long-haul trades, according to Dimerco. In its September Asia Pacific freight report, the Taiwanese forwarder said demand for ocean freight was weakening worldwide due to economic recession and inflation, with macro indicators “not suggesting a quick turnaround.” Dimerco added: “Overall, ocean…

Cosco and Cainiao link up in Zeebrugge to speed e-commerce delivery

A new agreement between Cosco and Chinese e-commerce logistics provider Cainiao will see consumer delivered into Zeebrugge hub Source

Cold ironing clash may throw a spanner in west coast port contract talks

An inter-union dispute over cold ironing work at Terminal 5 in Seattle could be set to derail ILWU-PMA contract negotiations Source

HMRC approves further delay for traders to make customs system migration

HMRC is automatically guaranteeing traders that commit to switching to the new CDS system by the end of October continuing use of CHIEF. The Customs Handling Import and Export Freight (CHIEF) system was due to be switched off on 1 October, with the Customs Declaration Service (CDS) coming into effect as the new UK customs…

Analysis: SATS + WFS – the Olympus of hybrid reverse mergers

Scratching the surface of the SATS + WFS deal disclosed today, the obvious headline M&A story is that one rather small provider of food and gateway services, as the Singaporean suitor defines itself, is doubling down to acquire a leveraged French handler, which fetched a hefty €2.25bn enterprise value (EV) to agree the sale. That…

Second phase of Redditch scheme approved

Stoford has secured consent for the speculative development of 450,000 sq ft of industrial and logistics accommodation near Redditch. Source

MSC leads the charge as transpacific container service culls begin

MSC announcement that it is suspending the Jaguar/TP3 transpacific service due to falling demand and freight rates Source

Megadyne introduces ‘game-changing’ rubber belt

Megadyne, a leader in the world of power transmission solutions for logistics, has introduced a new game changer – Megadyne Rollpower. Source

CMA CGM opts for greener bio-gas to power seven newbuilds in its orderbook

CMA CGM is committing to running at least seven of its new ships on bio-gas, a low embodied-carbon alternative to LNG, which it claims can reduce CO2 emissions by 67%. The four 7,300 teu vessels and three 7,900 teu vessels are not, as has been widely reported, new orders but form part of CMA CGM’s…

Sparck manager receives SCM award

Jo Bradley, Sparck Technologies’ UK business development manager, has been selected as a recipient of a 2022 Women in Supply Chain Award.   Source

IATA’s ‘inflexible’ CASS comes under pressure as users eye PayCargo instead

Airlines consider ditching IATA's CASS payment system as PayCargo expands. Source

SATS €2.25bn takeover of WFS will create world’s largest ground handler

Investment firm Cerberus Capital Management has accepted a takeover bid from Singapore ground handler SATS for air cargo handler Worldwide Flights Services (WFS) in a deal worth €2.25bn ($2.15bn). In a statement to the Singapore Stock Exchange, SATS said the deal would create the world’s largest ground handler and significantly strengthen its presence outside the…

Zeus grows rapidly with Primark

UK-based start-up Zeus has expanded into Europe after signing up the pioneering international fashion retailer, Primark. Source

Reports suggest Apollo eyes Ryder System – stock surges

Second time lucky? Market reports sourced from Bloomberg suggest US-based trucking firm Ryder System has attracted interest from private equity house Apollo Global Management. The stock surged 14% to $76 on the rumours today. It later tested $78.92, settling at $77.16, up 16%, ahead of close. Earlier this year, Ryder System rejected another approach – at the time…

French tests show trained dogs can sniff-out undeclared lithium batteries

Worldwide Flights Services six-month Trial at Lyon airport proves sniffer dogs adept at finding undlecared lithium battery shipments Source

Market Insight: Air freight does it? MSC’s world dominance push takes off

In economics, there are two ways to go to market. In simplified terms: generate supply to create demand, drawing from Say’s law in the early 1800s to its revisited versions from Keynes, or meet demand with supply of new services and goods. In the process, value creation – not necessarily money per se – is…

CNBC: Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikes

CNBC reports: Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the U.S. central bank raising interest rates too quickly in its quest to tackle runaway inflation. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Evans said he remains “cautiously optimistic” that the U.S. economy can avoid a recession — provided there are no…

Dutch shippers up in arms as Schiphol plans to cut 60,000 flights a year

Dutch government proposals to reduce the aunt of flights at Schiphol will damage the competitiveness of air freight hub Source

Safe with only one sensor

Leuze has launched the first safety bar code positioning system. With the FBPS 600i, only one device is needed for safe position detection. Source

US trucking forced into low gear as shippers use breathing space to cut costs

Flattening demand could spell trouble for US trucking firms as spot market weakens while shippers look to reduce costs Source

project44 launches ‘gamechanging’ platform – Logistics Business® Magazine

project44 has launched Movement by project44, a game-changing platform that gives supply chain partners transparency and collaboration. Source

Shippers now have the edge when it comes to contract renewal, says Drewry

Tempting as it is for shippers to use falling spot freight rates in revenge against carriers, Drewry argues they should build relationships Source

Fives aims to revolutionise the way people shop

Fives has been chosen by the start-up mon-marché.fr to automate its new flagship called “Quartier Général du Goût”. Source

IAG praises Heathrow and IATA asks for help – all in a cheerless hangar

A dead queen, a new king, a new prime minister, a collapsing currency and soaring inflation: welcome to the UK, now an emerging market economy. Against this exciting backdrop, IATA’s World Cargo Symposium opened today in London. Well, nearly London. In fact, it’s at the vast Excel Centre in the ‘Far East’ of the capital,…

IAA TRANSPORTATION attracts full halls

Organisers, visitors and exhibitors were satisfied with the new concept of the first IAA TRANSPORTATION exhibition, which ended on Sunday. Source

Maersk boosts its integrator strategy in the UK and Ireland with new warehouses

Long-term leases signed for new warehouses in the UK and Ireland show that Maersk is bringing its integrator strategy to the region Source

SA: Morgan Stanley cautious on FedEx but likes it better than UPS

SEEKING ALPHA reports: Morgan Stanley significantly reeled in financial expectations on FedEx Corporation (NYSE:FDX) to reflect what it calls the post-pandemic mean reversion/macro. The firm expects FDX earnings to remain relatively flat ahead as competing forces of further unwind, cost inflation and competitive risk battle cost actions and easier comparables next year. Analyst Ravi Shanker and…

“Selling Baoli creates strong customer relationships”

Baoli EMEA S.p.A., the forklift truck manufacturer which is part of the KION Group, is currently present in 52 countries. Source

Taewoong Logistics expansion continues in Kazakhstan distribution market

South Korean 3PL Taewoong Logistics will work with Kazakhstani food manufacturer and distributor Shin-Line to develop warehouses in Kazakhstan – another indication of the shifting supply chain as the war in Ukraine continues. The move will facilitate the transport of Shin-Line’s food products to Russia and Central Asia, and Taewoong and Shin-Line are planning to open warehouses…

Paris-Hong Kong freighter flies five times a week as CMA CGM Air Cargo takes off

CMA CGM Air Cargo has launched a five-times weekly, non-stop 777 freighter service between Paris-CDG and Hong Kong. Source

Determined FedEx hikes prices despite overcapacity in parcel market

FedEx has announced a general rate increase of 6.9% despite a softer market. Source

HMRC ‘lack of support’ for traders meant no choice but to delay CHIEF shutdown

HMRC’s decision to delay the switch-off of customs system CHIEF was the inevitable consequence of its failure to adequately support traders in migrating to the new system. This is the view of brokers and customs consultants who spoke to The Loadstar after news broke that Customs Handling Import and Export Freight (CHIEF) would remain operational…

Europe set for nearshoring boom

European businesses are looking at nearshoring as an alternative to production in Ukraine and Asia following supply-chain disruption. Source

MSC raises US and Swiss law clash as it defends broken contract claim

In its case against home decor manufacturer MCS, Switzerland-based shipping line MSC has questioned the conflicting requirements of US and Swiss law over documents required for ‘discovery’ Last year’s complaint by MCS to the US Federal Maritime Commission (FMC) included claims that MSC and Cosco had acted illegally by colluding with other lines and not meeting…

Save energy and money with thermal clothing

Wearing a thermal base layer, hat or lightweight jacket will help to regulate the body temperature when the external temperature is low. Source

M&A radar: Toll Global Forwarding – now what?

If you have followed our Toll story coverage, you’d probably know that our marketplace has been predictive, quite often, when it boiled down to new appointments and/or managerial changes* – and, more importantly for the Premium crew, I reckon, had lots of insight to share about them. (*More here and here, for instance.) It’s not the case…

New advanced stackers join UniCarriers line-up

UniCarriers has extended its product line with the addition of 16 new advanced pedestrian stacker trucks in the MSF and MSW range. Source

OceanX radar: UK loses the plot; ever-present Ever Given; Singapore sings

An interesting week in Bali and Singapore, with a lot of exciting meetings, talking about today’s dynamic market, and the optimism and opportunity focus in Asia remains inspiring. I also caught up with shipping industry friends and veterans, debated which strategies of liners might pan out well or not and how certain other industry actors…

New cross-dock terminal in heart of Europe

Logistics service provider DB Schenker has moved into a new cross-dock terminal in the greater Ulm area at the Herbrechtingen. Source

Carriers find it easier to navigate around latest Felixstowe Port stoppage

Carriers have advanced some ship calls and delayed others on the eve of the second eight-day strike at the UK’s largest container port of Felixstowe, while some imports will find their way to other UK ports. In an increasingly bitter wage dispute, Felixstowe dockworkers will strike from 7am tomorrow until the same time on Wednesday…

Blume Global grows European network

Blume Global, one of the leading supply chain technology providers, says it is on track to grow within the European supply chain market. Source

MSC to develop air cargo solution in response to market demand

PRESS RELEASE  MSC to Develop Air Cargo Solution in Response to Market Demand 26/09/2022 MSC Mediterranean Shipping Company SA, a global leader in transportation and logistics, has started developing a new MSC Air Cargo solution in response to customer demand and as a complementary service to its container shipping solutions.  MSC Air Cargo has been…

MSC launches air cargo arm with four 777-200Fs

MSC has followed rivals CMA CGM and Maersk into air cargo with four leased 777 freighters. Source

Scottish transport industry sets fundraising record for Transaid

Transport and logistics companies from across Scotland recently raised £105,110.50, the largest sum of money ever collected for Transaid. Source

CNBC: Dow drops nearly 500 points to close at new low for 2022 on rising recession fears

CNBC reports: Stocks tumbled Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened fears of a global recession. The Dow Jones Industrial Average tumbled 486.27 points, or 1.62%, to 29,590.41. The S&P 500 slid 1.72% to 3,693.23, while the Nasdaq Composite dropped 1.8% to 10,867.93. The Dow notched a new low for…

Shippers could play a vital role in dealing with insects invading cargo

Discussions on how to deal with the potentially devastating effects of insects and other pests carried either on or inside cargo containers began in earnest this week at an International Plant Protection Convention (IPPC) conference in London. For the first time the IPPC, part of the food and agriculture organisation of the UN, convened a…

Felixstowe Port pay dispute turns bitter as second strike by dockers looms

Claim and counter-claim are being thrown around in the Felixstowe pay dispute, ahead of next week’s second strike. Felixstowe CEO Clemence Cheng is accusing the union of intimidating staff that want to work, while the union countered that staff at the port had filmed pickets. In what is turning into a bitter dispute, Mr Cheng…

Air Atlanta boosts its fleet, taking a long-term bet on 747 freighters

Next month, Air Atlanta Icelandic will field another B747-400F, the ACMI provider’s third fleet addition to operate this year. The company’s freighter fleet has nearly tripled since the outbreak of Covid, when it was operating five 747 all-cargo aircraft alongside a fleet of passenger planes. Air Atlanta has traditionally focused on 747s, but the writing…

 STILL presents smart solutions in wide-ranging announcement

STILL is ahead of the game with a smart brand orientation, an expanded product portfolio and a focus on customised solutions Source

Against the odds: DSV, Mærsk, DP-DHL & Kuehne – catching falling knives

The art of catching a falling knife in investing, from a pure short-term trading perspective, perfectly fits the current narative we coined on 7 September, “Logistics on a steroid comedown“, when our world shifted from “Logistics on Steroids”, the first (XPO Logistics) coverage of which was from 8 January 2020. It’s all good, we start…

BEUMER Group: stronger together at bauma

BEUMER will present its product portfolio at bauma, the meeting point for the construction, building materials and mining machinery industry. Source

On the wires: Hey, FedEx – ‘Have you got the right leaders in place?’

This FedEx is not even funny. Call me  Here are the key takeaways from a week of passion with FedEx, with a bit of added “colour” thanks to yesterday’s remarks from the management team in a call with analysts after the market closed, for my happiness held at 11.30pm CET. Worth listening to it live?…

Manifest Vegas: Sponsor list continues to expand

Manifest Vegas 2023 is doubling with 100 Sponsors now signed on. The Manifest team is excited to announce new Headline and Gold sponsors. Source

‘Logistics should not be bullied into being the vanguard for emissions reductions’

A senior Australian transport manager has revealed the huge barriers freight and logistics companies face in trying to decarbonise their operations. Writing under the pseudonym Mr Joy in Loadstar Premium, the 30-plus-year industry veteran has penned a four-part analysis of these obstacles to meeting carbon reduction targets. Tasked by his company, an Australian road freight…

Prologis announces three major UK speculative developments

Following a flurry of acquisitions within the UK, Prologis, a developer of logistics real estate, has announced three strategic developments. Source

Shipowner to blame, claims industry plaintiffs in latest Ever Given court case

A group of cargo owners are blaming Shoei Kisen Kaisha, the Japanese owner of Ever Given, for last March’s financially catastrophic grounding of the vessel in the Suez Canal. In an unconventional turn for maritime incidents, it is the 20,388 teu ship’s owner and not crew members being assigned culpability in the most recent court…

Addverb and ABCO partner to offer advanced automation solutions

Automation solutions provider Addverb has signed a strategic partnership with ABCO Systems, a full-service distribution solutions provider. Source

Allseas hits back at vessel arrest claims as it renegotiates charter rates

Shippers in the UK have become concerned by suggestions that the Allseas Pioneer, operated by Allseas Shipping, has been arrested for a failure to make charter payments. Vesselsvalue.com AIS shows that Allseas Pioneer has been at Waalhaven dock in Rotterdam since 6pm on 30 August, but the company denied the ship is under arrest and…

Another week of tumbling spot rates – here come the ‘carrot danglers’

Container spot rate indices have recorded another week of double-digit declines for Asia-Europe and transpacific headhaul container rates. And the market is expecting further contractions in the coming weeks, before a bounce-back later in the year. Drewry’s WCI Asia-North Europe component fell 10%, to $6,027 per 40ft, while its reading for Mediterranean ports slumped 13%,…

FW: West Coast ports sink to lowest share of US imports since early 1980s

FREIGHTWAVES reports: The West Coast was the destination of choice for Asian exports in the initial stage of the COVID buying boom — before container-ship queues stymied the ports.  Since then, volumes have been redirected to the East and Gulf Coasts due to fears of both California congestion and West Coast port labor strife. There…

Ceva’s Janet Ang joins Crane Worldwide as VP industrial

Crane Worldwide has appointed Janet Ang as global vice president industrial. Ms Ang has spent 25 years in the 3PL market, working in Shanghai, Amsterdam and Los Angeles, but is now based in Singapore. Ms Ang joins from Ceva Logistics, where she spent six years, latterly as VP consumer and retail, Asia Pacific. Prior to…

Cainiao link boosts e-commerce player Shopline’s market to 130 countries

Cainiao Network, Alibaba Group’s logistics arm, today announced a partnership with Singapore-based e-commerce specialist Shopline, to provide end-to-end cross-border logistics services. Under the partnership, Shopline merchants will be provided with logistical services across 130 countries. Cainiao’s spokesperson told The Loadstar air freight would mainly be used to deliver parcels from Shopline merchants, with customers in Europe…

Greenwashing: The thick green line (hydrogen bomb?) – Part 3

Hopefully you have enjoyed parts 1 and 2 of the Thick Green Line push from yesterday – now it’s time to get to… The Power to move you Even if we are able to find all of the raw materials to manufacture all of the solar panels and wind turbines required globally, they are going…

Remaining units taken at Madrid logistics park

Delin Property, the fully integrated European logistics warehouse specialist, has leased the two remaining units at Alcalá East Madrid Park. Source

SATS confirms interest in $3bn WFS, but ‘does it have the financial clout?’

SATS has confirmed that it is in talks to buy Worldwide Flight Services – but was clear to note that no purchase price has been agreed. Source

Eurotunnel launches online emissions calculator for freight

Eurotunnel Le Shuttle Freight has launched a new online emissions calculator to enable logistics companies to calculate their CO2 savings. Source

Greenwashing: The thick green line (let’s get real) – Part 4

Seriously: Who is the problem? You? Me? Everybody? Part 4: Final reflection  Gen Z and Millennials have been vocal about the imminent need for climate action. And yet, 45% of the Gen Z is driven by being able to afford material goods, if you trust this. And one of those material items that Gen Z and…

Remote Services: So far, yet so near

Remote Services enables intralogistics specialists to access highly automated warehouses and carry out troubleshooting in real time. Source

Capacity fears as APMT shelves Maasvlakte II expansion due to rising costs

Plans to expand the Maasvlakte II terminal in Rotterdam have been put on hold indefinitely, The Loadstar understands. Sources with close ties to Rotterdam claim operator AP Møller-Maersk Terminals (APMT) has decided not to push ahead with its plans. Inland consultant Gunther Ginckels told The Loadstar: “Deciding to postpone the expansion was very much an…

Blue Giant Equipment acquires Cormac Industrial

Blue Giant Equipment Corporation, a leader in loading dock safety systems, has acquired lift assist solutions provider Cormac Industrial. Source

Ship-buyers look for discounts as newbuild orderbook is squeezed hard

The arrival of a bearish containership charter market could lead to delivery dates for newbuilds being extended, prices renegotiated or even cancelled. Source

Matthews Automation Solutions named as Gartner Hype Cycle vendor

Matthews Automation Solutions has been identified as a Sample Vendor in the 2022 Gartner Hype Cycle for Supply Chain Execution Technologies. Source

Deutsche Bahn invests record €19bn in greener locos and rolling stock

Deutsche Bahn (DB) has unveiled a ‘dual-power’ train, which will alternate between overhead lines and biofuel, as part of its €19bn ($18.77bn) fleet renewal programme. The move will add significant cargo capacity to Germany’s rail network, with new locomotives as well as a modular wagon system called m2, which DB says can be altered according…

HEI: Powell press conference showed why Fed should stop talking

THE HEISENBERG writes: If you took anything away from the past 24 hours in markets, it should probably be that policymakers would do well to either say less or, my preference, saying nothing at all. Last month, in “If They’d Just Shut Up” I not-so-gently suggested that policymakers should… well, just shut up. Because they’re…

Polish apparel manufacturer relies on WMS from PSI

PSI Polska has been commissioned by Hisert Polska to deliver the warehouse management system PSIwms 2022 for e-commerce. Source

Greenwashing: The thick green line (awareness) – Part 1

Is the road to hell really paved with good intentions?  Rock on with this four-episode series live today and tomorrow on Premium. Place your bets, please My employer’s energy supplier is a global oil company which is investing heavily in renewables. I recently sat through their analysis of various future energy alternatives.  They regard biofuels…

Greenwashing: The thick green line (EV-angelists) – Part 2

From greenwashing risk in Part 1 to execution: Remember the line below from earlier on? “You can’t actually buy an eCanter, you have to lease it.” That’s where we left the Thick Green Line push in our previous coverage today. To quickly recap: charge your shiny new eCanter from the electricity grid, it is going to…

New blow to Bangladeshi shippers as forwarding charges leap 57%

Freight forwarders in Bangladesh have raised forwarding charges by 57% for each import bill, citing rising fuel oil prices. Source

Wan Hai says it may be open to reducing shipping contract rates, ‘short-term’

Wan Hai has become the second liner operator to acknowledge requests from shippers to reduce contract rates in the wake of falling freight rates Similar pressure was reportedly experienced by Yang Ming earlier this month. Primarily an intra-Asia carrier, Taiwanese Wan Hai entered the transpacific trade in 2020 with US west coast sailings, followed by…

Be smart and take full control of site inspections

Increase inspection efficiency with Scafftag's reliable holders and inserts that communicate the safety status of equipment at point of use. Source

EV Cargo appoints Toll’s Justin Bentley to head South-east Asia operations

EV Cargo appoints ex-Toll Group executive Justin Bentley to head its southeast Asian operations. Source

inVia recognised in Women in Supply Chain Award

inVia Robotics’ Lauren Ziccardi and Kristen Moore have been named winners of the third annual Women in Supply Chain Award. Source

On the wires: DSV drops to new low but sell-side unfazed. Deal coming?

Some late summer warmth for the bears as Danish forwarder DSV hit a new 52-week low on Tuesday, closing at Dkr948. And another today: Dkr921.4. The FedEx shockwaves haven’t subsided and today is the Federal Reserve’s day, with the expected 75 basis-point hike… so… how bad is it, really? For the record, DSV last spring…

Dutch wholesaler picks Vanderlande GtP system

Vanderlande has delivered a highly automated FASTPICK goods-to-person (GtP) solution to haberdashery and yarn wholesaler. De Bondt BV. Source

Amazon Air takes its foot off the expansion accelerator as market slows

The growth of Amazon Air’s fleet and network has slowed down significantly over the past six months as the ecommerce market loses pace. Source

New DC at London Gateway to meet ‘unprecedented’ demand

DP World in the UK has announced that work has begun on a new speculative 119,000 sq ft green warehouse at London Gateway’s Logistics Park. Source

U-turn as Matson suspends premium transpac service amid falling demand

Honolulu-based US domestic and transpacific premium carrier Matson has closed its seasonal China-California Express (CCX) loop ahead of the peak season, after spot rates on the tradelane collapsed. Just last month, at the company’s Q2 earnings call, Matson CEO Matt Cox was bullish about support for the service, which it launched in the third quarter…

UK logistics welcomes ‘short reprieve’ in government plan to cap energy costs

The UK logistics sector has welcomed the “short reprieve” through the government’s plan to cap business energy costs. But business remains concerned over long-term plans, and European industry is more concerned about supply than cost. Businesses across Europe have come under immense pressure since Russia’s invasion of Ukraine saw energy prices spiral upwards, with the…

Kite Packaging extends Coventry campus

Adding almost 190,000 sq ft, Kite Packaging’s Coventry capacity now stands at 380,000 sq ft, offering a larger inventory to clients. Source

SA: Ford – is the auto industry the next domino to fall?

SEEKING ALPHA‘s Cavenagh Research writes: Summary – Ford shares dropped by as much as 10% in early hours trading, after the company released a profit warning. – Ford warned that costs in Q3 are estimated to be about $1 billion higher than what has previously been expected. – EBIT for the June quarter could likely fall…