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Bangladesh fears ‘inadequate’ feeder services could result in a cotton crisis

Bangladeshi textile millers fear a massive shortage of cotton in the coming months, as shipping lines seem ‘unwilling’ to carry Chittagong-bound cargo owing to a shortage of feeder vessels.
“Mother vessels wait in transhipment ports, but feeder services are inadequate and fail to reach them in time,” said Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA).
With no deepsea port, Bangladeshi textile exports and imports are dependent on feeder …

The post Bangladesh...

https://theloadstar.com/bangladesh-fears-inadequate-feeder-services-could-result-in-a-cotton-crisis/

FourKites eyes smarter sustainability with visibility provider NIC-Place takeover

Logistics visibility provider FourKites has acquired German carrier-focused provider NIC-Place, and with it, improved access to rail and cold chain data and NIC-Place’s data control centre.
NIC-Place will retain its company name and German offices, along with FourKites’ own customer-facing networks. Customers include Kuehne+Nagel, H Essers, Unterer, Quehenberger and Frigotrans.
“NIC-Place is the number-one provider when it comes to cold-chain tracking, for example all Pfizer shipments move...

https://theloadstar.com/fourkites-eyes-smarter-sustainability-with-visibility-provider-nic-place-takeover/

Analysis: CH Robinson – done with creative cash creation. Now what?

One of the most talked about, listed and shining transport and logistics (T&L) firms in supply chain, CH Robinson (CHRW), has been on a roll lately.
Two events – announced two weeks apart in late November and early December – are representative of the Eden Prairie-based company’s financial situation.
One can be split into two capital allocation tiers (dividend and buybacks) yet each is, at least partly (you can choose whichever toy …

The post Analysis: CH Robinson – done with creative cash...

https://theloadstar.com/analysis-ch-robinson-done-with-creative-cash-creation-now-what/

Seko targets a slice of integrator market with launch of e-commerce unit

Seko Logistics is launching an e-commerce business unit to “lean into the integrators’ world” and boost its market in cross-border shipping, global fulfilment, heavyweight last-mile and returns.
It expects to develop the unit into a “multibillion dollar-plus” business by 2025.
“As a lot of the traditional e-commerce market drops down into the mail market, which leans into our commercial model too, we see a significant opportunity to lean into the integrators’ world …

The post Seko targets a...

https://theloadstar.com/seko-targets-a-slice-of-integrator-market-with-launch-of-e-commerce-unit/

Decline in global rankings prompts Hong Kong rethink on maritime and logistics

Hong Kong is planning to create a new transport bureau to enhance its status as an international maritime and logistics hub.
The proposed governmental move, announced this week, coincides with news that the city has fallen out of the top five maritime cities in the world, according to the annual report by Menon Economics and DNV.
Published yesterday, the 2022 report puts Hong Kong in seventh position, the top five rankings now …

The post Decline in global rankings prompts Hong Kong rethink on...

https://theloadstar.com/decline-in-global-rankings-prompts-hong-kong-rethink-on-maritime-and-logistics/

Seoul steps in to sort parcel deliveries as CJ Logistics’ strike goes on

South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) is taking urgent action to deliver over 200,000 stranded parcels resulting from a prolonged strike by subcontracted couriers of the country’s largest logistics company, CJ Logistics.
Around 1,700 workers hired by the sub-contractors have refused to work since 28 December, claiming their wage rise is disproportionate to what the company is charging customers.
MOLIT is hiring 10,000 personnel to sort and deliver the …

The post Seo...

https://theloadstar.com/seoul-steps-in-to-sort-parcel-deliveries-as-cj-logistics-strike-goes-on/

Against the odds: How cool – DSV a Nasdaq proxy, Mærsk mimics Treasury yields

We need hard, incremental evidence to draw a necessary line between causation and correlation regarding what is to follow in today’s musings – the two can exist at the same time of course, but while causation explicitly denotes a relationship whereby one event is the cause of another; correlation simply implies there is a relationship between two events, and the actual dynamic of that requires further investigation.
And this week’s action …

The post Against the odds: How cool – DSV a Nasdaq...

https://theloadstar.com/against-the-odds-how-cool-dsv-a-nasdaq-proxy-maersk-mimics-treasury-yields/

Jan van Casteren quits Flexport – Douglas Brown, VP Asia, is flown in

Jan van Casteren (pictured), head of Flexport Europe, is to step down to spend more time with his family after nearly seven years at the helm in Amsterdam.
Flexport has announced that he will be replaced by Douglas Brown, currently VP Asia.
Mr Brown has spent more than a year leading the Asia office, following a stint as general manager, greater China. Prior to his roles at Flexport, he spent more than …

The post Jan van Casteren quits Flexport – Douglas Brown, VP Asia, is flown in appeared...

https://theloadstar.com/jan-van-casteren-quits-flexport-douglas-brown-vp-asia-is-flown-in/

Freight rates out of India on the rise after record export figures

Freight rates are rising again in India, following a record-setting month for exports and knock-on effects from global Covid disruption.
Exports tallied $37bn for the first time in December, up 37% year on year, and for the first nine month’s of the financial year, passed $300bn for the first time.
According to a report by local investment firm Motilal Oswal, India’s container volumes increased 9% last month, however, “growth could have been …

The post Freight rates out of India on the rise...

https://theloadstar.com/freight-rates-out-of-india-on-the-rise-after-record-export-figures/

Jochen Freese joins Forto as EVP of procurement and business development

Digital freight forwarder Forto has appointed ex-Ceva executive Jochen Freese (above) as its executive VP of procurement and business development, confirming news broken by Loadstar Premium in October
“Jochen has a proven track record in helping large, worldwide customers in such industry segments as retail and fashion, hi-tech, healthcare and automotive optimise their transport and logistics,” said Forto CEO and co-founder Michael Wax.
“This customer focus, combined with his experience in...

https://theloadstar.com/jochen-freese-joins-forto-as-evp-of-procurement-and-business-development/

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