Lack of containers is complex, says Drewry 
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The maritime consultancy Drewry reports that container shipping remains disrupted by box equipment shortages which are restricting available capacity and so forcing freight rates to record highs. However, the analysis shows that this is being driven by empty container... plus
A unicorn was born - to expand 
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Two months before the end of the year, Austria-headquartered Cargo-partner exceeded the mark of EUR 1 billion in annual billing for the first time in its existence. The company is thus well on the way to achieving its target of EUR 2 billion in sales by 2025. Although... plus
Crossing the globe 
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Global Crossing Airlines estimates the delivery of its first A321F, as part of the Vallair LOI announced 20 October 2020, will be June 2021. In addition to this freighter, GlobalX is close to finalising the leases for its first two previously announced passenger aircraft... plus
Roger to lead Gefco in Morocco 
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The Moroccan subsidiary of the Gefco Group, a global player in the industrial supply chain and a major provider of automotive logistics in Europe, has appointed Sébastien Roger to oversee its growth strategy, which is currently in full swing. After beginning his career at... plus
MSC carries on both shoulders 
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Recently, Alphaliner pointed out that MSC is currently investing heavily in used vessels instead of newbuilds. In its race with Maersk over the title of the biggest global carrier, MSC has spent over a quarter of a billion dollars on second-hand container vessels. Based on... plus
CN adds hub to tri-coastal network 
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Canadian National Railways (CN) is launching a new inland distribution terminal in New Richmond, WI, USA. The multipurpose facility will include an automotive compound for finished vehicles, and an intermodal terminal to serve intermodal shippers and receivers in the... plus
Two more joint ventures in Africa 
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In Africa, new joint ventures in Egypt and Ethiopia have been concluded involving a major European player. In Egypt, IBA Freight Services, headquartered in Cairo close to the city’s international airport, has sold a majority stake to Ceva Logistics, its partner company for the... plus
"Curiosity of the Day" 
Of the 781,000 babies that were born in Germany in 2019, around 29,000 were multiples. Therefore, every 27th new born baby was a multiple. plus
The hour of truth 
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On 1 December 2020, US Customs and Border Protection (CBP) officers in Louisville halted four shipments, all from the same shipper in Hong Kong and headed to Salt Lake City, UT, that each contained 320 counterfeit Rolex watches. The watches were reviewed by an import specialist... plus
Banking on e-commerce 
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Elliott Rodgers has been elected to the board of directors of Levi Strauss & Co. He has more than a decade of experience in the retail industry. Stephen C. Neal, chair of the board: "Rodgers has deep knowledge of ecommerce, digital transformations and how to drive... plus