Global investment firm KKR said it has launched Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with a team of industry veterans.
Galaxy will be owned by KKR-managed credit funds and accounts, which are committing US$500 million to the company via KKR’s Asset-Based Finance (ABF) strategy.
Galaxy’s suite of container leasing and financing solutions off global shipping companies enable flexible, capital-efficient access to the container fleets that ...
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Contract logistics provider DHL Supply Chain said it has launched its DHL ReTurn Network, a multi-client reverse logistics solution in North America, designed to help businesses manage returns more efficiently and sustainably.
National Retail Federation said U.S. consumers returned more than US$890 billion worth of merchandise in 2024, a 15 percent ...
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Average container market spot rates from the Far East to U.S. was flat on all five main front-hauls the week of Oct. 31, and remain so against levels seen in mid-October, said Xeneta, the freight rate benchmarking and market analytics platform.
Compared to September, average Far East-to-U.S. West Coast spot rates ...
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The 19th edition of One World’s Market Sentiment Index (MSI) for the multipurpose and breakbulk Industryreflects a modest rise for the first time in 2025 to a level of 53.3, despite a maritime industry roiled by the chaos of the U.S. administration.
Of the 27 carriers that provided inputs to MSI’s ...
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Drewry’s Global Container Port Throughput Index increased 1.3 percent month-over-month in August, up 5.1 percent year-over-year. Meanwhile, the rolling 12-month growth rate fell to 5.9 percent, continuing the downward trend that started in May.
However, year-to-date performance remains ahead of projections made earlier in the year, raising the 2025 forecast 4.7 ...
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CSX, the U.S. East Coast Class I rallroad, has reported executive leadership changes that the company said are designed to strengthen its strategic focus and advance its long-term growth objectives.
Kevin Boone has been named executive vice president and CFO, succeeding Sean Pelkey, who has departed the company. Maryclare Kenney has ...
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Amid a prolonged freight recession and shifting global trade patterns, C.H. Robinson said it delivered another strong quarter of earnings, with execution of its strategic initiatives and the growing impact of its Lean AI transformation.
During the company’s third-quarter earnings call, Dave Bozeman, president and CEO, highlighted how CHR’s sustained outperformance ...
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The American Maritime Partnership said it has released a study by Seafarers’ Rights International (SRI) that finds cabotage laws exist on 85 percent of the world’s coastlines and are growing in number at an unprecedented pace.
The Cabotage Laws of the World report, commissioned by the International Transport Workers’ Federation (ITF), ...
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Launched in response to the logistics challenges associated with Hurricane Katrina in October 2005, The American Logistics Aid Network (ALAN) is marking 20 years of helping humanitarian organizations get relief supplies stored, transported and delivered to disaster sites more quickly – and free of charge.
“In October 2005, 50 supply chain ...
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Global freight forwarder and logistics provider U-Freight Group (UFL) said it strengthening its presence in the pharmaceutical and medical logistics sector through a deepened strategic partnership and a major new contract in China.
A year after signing a strategic cooperation agreement with Shanghai Hongyu Supply Chain Management Co (HYSC), U-Freight is ...
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