DHL raises full-year profit forecast after Q2 revenue, earnings gains
The integrator’s positive earnings momentum was led by its air cargo-focused Express division that saw pre-tax profit increase 63% year over year in the quarter.
The integrator’s positive earnings momentum was led by its air cargo-focused Express division that saw pre-tax profit increase 63% year over year in the quarter.
Spot rates from Asia to the U.S. West Coast are up 120% since mid-May, while the East Coast lane is 85% higher compared to the last six weeks, according to Freightos.
The denim giant held off on fully shifting the location’s work to a third-party site in Ohio amid heightened demand.
Legacy automakers have the added complexity of having to run different supply chains, for ICE, hybrid and EV powertrains.
With a recent investment commitment from current majority owner China Merchants Port Holdings, Hambantota’s annual box-handling capacity is expected to double to 2 million TEUs by the end of the year.
“I don’t think you get to become a leader unless you’re good at encouraging diverse teams,” CIO of North America Sally Miller told Supply Chain Dive.
Investment in alternative fuels and electric trucks remains constrained by high upfront costs, infrastructure limits and the difficulty of passing green premiums on to customers, industry leaders say.
Trade groups backed the pact’s annual review, but stressed its importance to North America supply chains.
There’s little to no sign truckload rate hikes are slowing post-July 4, as tight capacity keeps pricing elevated headed into what’s typically a slower season.
Ocean carriers are reinjecting significant new tonnage between Asia and the East Coast of South America after pulling ships away to serve an early Asia–Europe peak season.