Perishables

Maersk quits dry box construction to focus on reefer market

AP Møller-Maersk’s box building arm, Maersk Container Industry (MCI), has quit the dry container manufacturing sector to focus on the reefer market.
The Copenhagen-headquartered firm today explained that while the dry container manufacturing business had “been under considerable pressure for some time, reefer volumes continue to grow, due to global demand for fresh produce and other commodities”.
It will formally close its dry box manufacturing facility in Dongguan, China, which has lain …

The...

https://theloadstar.co.uk/maersk-quits-dry-box-construction-to-focus-on-reefer-market/

Supply chain radar: Why Nestlé locked horns with ocean carriers

The fact that a shipper of Nestlé’s calibre and size complains publicly about the standards in the container shipping industry is disturbing, to say the least, so when its executives speak up, you had better listen to what they have to say.
“With half a million containers on the oceans every year, Nestlé is considered a VIP customer in the liner industry,” ShippingWatch reported on Thursday, adding that, however, the “food producer is …

The post Supply chain radar: Why Nestlé locked horns with...

https://theloadstar.co.uk/supply-chain-radar-nestle-locked-horns-ocean-carriers/

Trade and politics split the fortunes of the two giants of Latin American trade

The two largest economies on the east coast of South America are set to see divergent fortunes next year as container operators hope for an end to the doldrums that have hit trade.
Delegates at last week’s TOC Americas Container Supply Chain event in Panama heard how Brazil and Argentina dominate trade in the region, accounting for some 99% of teu trade between them.
“Brazil is turning the corner and now looking up …

The post Trade and politics split the fortunes of the two giants of Latin...

https://theloadstar.co.uk/trade-politics-split-fortunes-two-giants-latin-american-trade/

Temperature Controlled Logistics comes to London

Each January for the past 16 years, more than 500 senior supply chain, logistics, storage, regulation and quality experts from the pharmaceutical industry have gathered at the TCL Forum for the largest, longest running and most comprehensive cold chain and ambient logistics conference in Europe.
Join us in January 2019 when industry experts will come together in London to share perspectives on topics such as: improving supply chain visibility, temperature monitoring, …

The post Temperature...

https://theloadstar.co.uk/temperature-controlled-logistics-comes-london/

Surface transport the star performer in a strong nine months for CH Robinson

CH Robinson recorded surging growth in profits and revenues for the nine months to September, with its North American surface transport (Nast) division driving performance.
Group first-half revenue surpassed the $12.4bn mark, up 14.5% year on year, generating some $477m in profits, a significant 35.5% increase on 2017.
Chief executive John Wiehoff said the company had seen cash flow benefit from improved working capital and US tax reforms, with growth in the third …

The post Surface transport...

https://theloadstar.co.uk/surface-transport-star-performer-strong-nine-months-ch-robinson/

Analysis: this week, an interims spectacular, starring UPS, Panalpina and DSV

Are three stars – UPS, Panalpina and DSV – about to shine in the transportation and logistics galaxy?
Last Friday served a timely reminder of how badly heightened volatility and specific sector news – Kuehne + Nagel poorly opened a pivotal earnings season – can suddenly destroy value, impacting the shareholders of major public T&L operators whose fortunes are intimately tied to reduced global growth forecasts, among other things, in a …

The post Analysis: this week, an interims spectacular,...

https://theloadstar.co.uk/analysis-week-interims-spectacular-starring-ups-panalpina-dsv/

‘Remarkable’ nine-month performance from K+N, but a note of caution

Kuehne + Nagel today reported another strong quarter, with nine-month numbers showing significant gains – although some analysts have urged caution.
Net turnover from January to September climbed 13.6% year on year to CHF15.3bn ($15.4bn), generating ebit of CHF745m, up 8.8% on 2017.
Chief executive Detlef Trefzger said: “We’ve continued the dynamic performance from the first half into the third quarter, and achieved a very positive result for the nine months.
“And the performance in the …

The...

https://theloadstar.co.uk/remarkable-nine-month-performance-kn-note-caution/

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