Freight News
Savage, the supply chain infrastructure and solutions provider, said President and CEO Kirk Aubry will retire from the company on Dec. 31. Chief Operating Officer Jeff Roberts is being promoted to the additional role of president, effectively immediately, and he’ll take on the CEO role Jan. 1, 2025.Savage Chairman Don Stebbins said: “We believe Jeff’s passion for the business and commitment to Savage’s culture make him the ideal choice to ...
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Monthly inbound cargo volume at the nation's major container ports should consistently be above 2 million 20-foot equivalent units, or TEUs, through this summer and into early fall, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates."We haven't seen ...
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A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of ...
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Swiss logistics and freight forwarding provider Kuehne+Nagel’s first quarter earnings declined from the same period in 2023, though the company’s sea and air logistics showed slight improvement.First quarter net turnover was down 18 percent to US$6.06 billion, with an EBIT of US$414 million and earnings ...
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Intermarine, part of the JSI Alliance with Jumbo and SAL, is expanding its portfolio to offer bulk shipping services under the new Intermarine Bulk Carriers brand.Intermarine is also expanding its fleet with two additional F300 vessels, bringing the new fleet to 30 units.The newly founded ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, ...
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The U.S. Department of Transportation's Federal Highway Administration is funding US$7.1 million for port improvements in Louisiana under a new Bipartisan Infrastructure Law, or BIW, program created to improve air quality for truck drivers, port workers and families that live in communities surrounding ports.The Port ...
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The U.S. Department of Transportation’s Federal Aviation Administration has awarded another round of funding for 90 airport-related infrastructure grants, totaling US$186.7 million across 34 states.The projects are funded under President Biden’s Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the US$25 billion total ...
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Drewry’s May Port Equity Index improved 8.6 percent in the first quarter 2024, ended May 8, compared to a 1.3 percent decline recorded by the S&P 500.This increase was largely due to a 12.1 percent surge in stock prices of global terminal operators, or GTOs, ...
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DHL Group said it is transitioning key leadership in DHL Supply Chain North America, with Patrick Kelleher, current global chief development officer, assuming the role of North America CEO, effective July 1, succeeding Scott Sureddin, who will retire Dec. 31.“Our North America business has achieved ...
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