Maersk CEO vows to reach logistics profit margin target by year-end
But standing in the way of accelerated margin improvement is the volatile North American market to which the carrier is heavily exposed in logistics.
But standing in the way of accelerated margin improvement is the volatile North American market to which the carrier is heavily exposed in logistics.
Shippers stand to benefit on lanes where both western US railroads are vying for market share.
The new rule, a second attempt at requiring the so-called ABC test for workers in the state, has drawn opposition from multiple groups, with port trucking among the affected industries.
Vincent Clerc said while the solid on-time performance levels had to be maintained before any commercial discussions would be held with customers, the time was coming.
Globalization is accelerating on the back of the commercial success of Chinese companies that are taking market share on the global stage, according to the Maersk CEO.
The spot and contract savings from domestic intermodal eroded in the second quarter compared with a year ago, while the fate of the third quarter depends largely on whether volume in Southern California keeps up to support peak season surcharges.
Equipped with automation technology, the facility is nearly twice the size of the company’s average distribution center.
Parent company Helen of Troy expects that at least 40% of its goods will be dual sourced by the end of FY2026.
Rijeka Gateway advances toward its 2025 launch with the arrival of its first test container vessel. Rijeka Gateway, a greenfield container terminal project in Croatia, has welcomed the arrival of its first test container vessel, marking a major step towards the terminal’s operational debut in the second half of 2025. The M/V Cape Fulmar, arriving…
Trump agrees to extend US-China tariff pause for second time amid ongoing trade talks. The United States and China have agreed to extend the suspension of their recent tariff hikes for an additional 90 days, the White House announced on Monday, with Beijing also confirming the truce as both sides work to ease trade tensions….