Vessels Value's outlook on newbuilds 
Rebecca Galanopoulos Jones, senior content analyst at Vessels Value, has underpinned current developments on the maritime container market with the latest data. While volumes on the main trade lanes are slowing despite congestion, container traffic continues to decline gradually... more
2M reshaping the Transpacific
Carriers are continuing to readjust their shipping capacities to decreasing demand. Now, the 2M Alliance of Maersk and MSC has bundled the TP1/Maple and TP9/Eagle services into a new offering. The first sailing of the new consolidated TP1/Maple service will be on 28 October... more
New tech riding the rails in North America
UP has equipped 50 rail cars with a GPS device from Rail Pulse. The system provides real-time information and visibility of the car’s location, condition and health to shippers, rail car owners and railroads. The GPS device is now undergoing initial trials, with a larger... more
Leaving the UK for the USA – Boohoo! 
The Boohoo Group, a fashion retailer based in UK, has asked DHL Supply Chain (DHLSC) to manage its first US distribution centre. For the retailer, whose annual sales exceed USD 2.4 billion, DHLSC will operate a new 93,000 sqm centre in Elizabethtown PA, southeast of Harrisburg.... more
XPO playing it down
XPO Logistics is forecasting revenues of approximately USD 3.04 billion, a profit of USD 181 million to USD 185 million and an ebitda of USD 348 million to USD 352 million for Q3/2022. Revenues keep rising, while volumes are showing a year-over-year decrease in weight per day of... more
Olivier Bijaoui joins Tiaca's Hall of Fame
Olivier Bijaoui, the former executive chairman, president and CEO of the Worldwide Flight Services (WFS), has been selected for the 2022 Tiaca Hall of Fame award based. The jury said that, with his vision, tenacity and leadership Bijaoui helped guide handling agents towards... more
Iumi council announces changes at the helm
The International Union of Marine Insurance (Iumi) council has appointed a new president, a vice president, a new executive committee and nominating committee members for 2022/23. Frédéric Denèfle, managing director of French marine war risks specialist Garex, has been... more
Funding for visual fleet management
In USA, investors have shown interest in the Boston-based firm Ship In Systems, a visual fleet management platform. The series A funding was led by Zeev Ventures, a Silicon Valley venture capital firm. Hyperplane and Munich Re Ventures also participated, bringing the total... more
Louisville: 3,359 fraudulent IDs in one week
For the second time in a week, US Customs and Border Protection (CBP) officers in Louisville (KY) discovered 2,265 counterfeit driver’s licences inside an inbound package at Louisville’s Port of entry on 19 October 2022. The first seizure of more than 1,000 fake IDs occurred... more
It is Werner & Baylor now
In USA, Werner Enterprises has closed its acquisition of FAB9, which trades under the name of Baylor Trucking. The price of the transaction was not disclosed. Founded in 1946, Baylor is a truckload carrier that operates 200 trucks and 980 trailers in the east central and... more