The seemingly marathon race to acquire DB Schenker, the logistics and freight forwarding arm of Germany’s state railways Deutsche Bahn (DB) and one of the leading global players in the space, has been whittled down to just two runners – one of the company’s peers, Denmark’s DSV and Luxembourg-based private equity firm CVC Capital Partners – and the finishing line is now fast-approaching.
France’s leading freight transport and logistics industry body, Union TLF, has called for immediate action to protect small and medium-sized (SME) road haulage firms which for the past 18 months have been experiencing persistent difficulties.
On August 27th, Clerc spoke to reporters at the newly built containership Alette Maersk naming ceremony. The ceremony occurred at the Port of Los Angeles after the vessel sailed from China to Los Angeles on green methanol fuel.
The APM Terminals at the Port of Los Angeles has completed a major upgrade deploying new automated battery /diesel powered straddle carriers that move containers from ships (via ship to shore cranes) and then to and from trucks in as little as 35 minutes, according to Denson White, APMT Los Angeles Chief Commercial Officer.
Within a complicated global landscape, where interconnectedness is vital for business success, managing the intricacies of a supply chain on such a scale is undeniably expensive.
Back in the 19th century, wind-powered cargo ships were the workhorses of international trade. Then the steam engine came along and saw them superseded by much larger, coal-fired vessels.
The closing of such a large and well-established LTL carrier is very rare. The industry hadn’t felt the void of such a large company since Consolidated Freightways closed 20 years prior. So, what happened? Considering Yellow Corporation was the third largest LTL carrier, what happened to all the freight they handled?
Much like when the internet first came to be, people are amazed and uncertain about it. I often hear and see the same questions come up. What is the history of AI? When did it start? What exactly is AI? Is it just ChatGPT? What kinds of AI are there? Will AI take my job from me? Will AI take over the human race? (Definitely no to the last one!)
The Port of Los Angeles processed 939,597 Twenty-Foot Unit (TEUs) containers in July 2024, an increase over the 684,291 TEUs it processed in July 2023, according to Eugene Seroka, Executive Director, Port of Los Angeles.