logistics services

Maersk Delivers Strong Q3 Business Profit Despite Pandemic Crisis

  • Maersk has delivered a respectable Q3 results with improved profitability despite the Covid-19 pandemic having a negative impact on the global economy.
  • The shipping group reported a Q3 revenue of $9.9bn, down 1.4% year-on-year, and EBITDA up 39% to $2.3bn.
  • The main performance driver for the quarter was the container shipping business under the Ocean sector.
  • This was attributed to continued agile capacity deployment, lower costs and a temporary spike in short term freight rates due to a sudden...

https://mfame.guru/maersk-delivers-strong-q3-business-profit-despite-pandemic-crisis/

Librestream raises $24 million to expand augmented worker platform reach

Librestream raises $24 million to expand augmented worker platform reach (Photo: Librestream)

Canadian augmented worker enterprise company Librestream announced that it has raised $24 million in Series D investment, taking its total financing to over $55 million. Canadian Business Growth Fund (CBGF) led the investment round, which saw participation from new investors Export Development Canada (EDC) and Pender Technology Inflection Fund, as well as existing investors including Emerald Technology Ventures and BDC Capital. 

The logistics industry has witnessed the digitalization of its...

https://s29755.pcdn.co/news/librestream-raises-24-million-to-expand-augmented-worker-platform-reach

Maersk CEO Wants Half Its Earnings To Come From Inland Logistics

  • In a strategic shift, A.P. Moller-Maersk AS plans to invest in warehouses, container terminals and customs brokerage firms to boost its logistics-services capabilities.
  • The company has disposed of its oil and tanker businesses to focus on container shipping that provides transportation and logistics services.
  • France’s CMA CGM SA, the world’s fourth-largest container ship operator, this year bought Switzerland-based freight services provider Ceva Logistics AG for $1.7 billion.

According to an...

http://mfame.guru/maersk-ceo-wants-half-its-earnings-to-come-from-inland-logistics/

Peel Ports expands logistics services

Peel Ports Group announces that it has acquired Quality Freight (UK) Limited for an undisclosed amount. It provides chartering and a range of port services operating from a 40 acre multi modal facility at Ellesmere Port in Cheshire.

Commenting on the acquisition, Mark Whitworth, Chief Executive of Peel Ports Group said:

“Our strategy is to be a leading UK provider of port centric logistics solutions. The acquisition of Quality Freight (UK) Limited is an important step in extending the range of...

https://container-news.com/peel-ports-expands-logistics-services/

Yusen Logistics unveils complex logistics solutions

Yusen Logistics offers new services, trying to solve complex logistics problems. These new services are aimed to customers who are looking for a more integrated or complex set of services and to support deeper supply chain management, according to the company.

Yusen Logistics say that the world economy is becoming increasingly complex. Free trade agreements, such as Japan-EU deal, the upcoming Brexit and the trade tariffs between US and China cause severe and dramatic changes to the world market...

https://container-news.com/yusen-logistics-complex-logistics-solutions/