DSV Panalpina CEO: Q3 results beat odds during pandemic

DSV Panalpina

Third-party logistics giant DSV Panalpina (OTCMKTS: DSDVY) reported on Thursday a pretax operating profit of 2.7 billion Danish kroner (DKK) ($428 million) for the third quarter, up from DKK 1.78 billion ($280 million) for the same period last year and despite the supply chain disruptions caused by the coronavirus pandemic.

“Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management,” said Jens Bjørn Andersen,...


Greek authorities charge Maersk Launceston captain

The Piraeus prosecutor’s office has requested the arrest of the master of the Maersk Launceston for causing shipwreck by negligence and for violations of international conflict avoidance rules in the accident with the Hellenic Navy minesweeper, Kallisto.

The Polish captain of the 2005-built container vessel was arrested on Tuesday, 27 October, and remains at the Port Authority Department of Keratsini, Piraeus and he will appear in the Piraeus prosecutor’s office today, 29 October.



The Daily Dash: Shippers want 14-hour clock change; driver shortage still the top industry concern

shippers push for hours of service change

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a group of large shippers is pushing the Federal Motor Carrier Safety Administration to implement a pilot program allowing truck drivers to pause their 14-hour workday clock. Plus, the driver shortage once again tops the American Transportation Research Institute’s Critical Issues in the Trucking Industry survey, and UPS posts better-than-expected earnings results.

Shippers group pushes 14-hour...


Worst weather states for truckers: Part 2

Flipped tractor-trailer on the side of a road.

While the majority of professional drivers get through their careers without being involved in any major accidents, commercial truckers account for 2.4% of all U.S. traffic fatalities every year. This is according to the National Highway Traffic Safety Administration (NHTSA). In some states, weather plays a major role in these incidents.

Earlier this month, FreightWaves reported on some of the worst weather states for truckers. Based on NHTSA data and driver experiences, these are some additions...


Equipment imbalance puts a lid on Brazilian coffee exports

Brazilian coffee producers experiencing a bumper harvest have been struggling to get their beans to market due to the severe equipment imbalance being felt on the east coast South America to Asia trade lane.

Andrew Lorimar Datamar CEO told delegates at the TOC Americas Virtual Expo that in some trades, the economic benefits of a weaker currency for Brazilian exporters were being diminished owing to a painful imbalance in container equipment and a severe shortage of ship capacity.

Lorimar said the...


Still no return on the horizon after carriers’ billion-dollar scrubber investment

With the benefit of hindsight, ocean carriers would not have been anywhere near as bullish with their scrubber strategies, it was claimed this week.
Japanese ocean carrier ONE has just 5% of its fleet fitted with the exhaust gas cleaning systems, compared with HMM’s 80%, Evergreen’s 57% and MSC’s 43%.
Alphaliner said the top ten carriers “continue to have different views on scrubbers”, with MSC the biggest advocate, with 170 scrubber-fitted vessels …

The post Still no return on the horizon after...