Supply Chain

2020 will be a better year for investment in maritime and logistics start-ups

Venture capital investment in the maritime sector was dominated last year by the enormous $1bn raised by US digital-first freight forwarder Flexport, but the deal masked an overall decline in investment in maritime start-ups.
According to new research from consultancy Thetius, $1.14bn was raised by start-ups last year, but without the Flexport $1bn, led by Japanese investor SoftBank, the remaining $144m represented a 24% decline on the $190m raised in 2018.
Thetius …

The post 2020 will be a...

https://theloadstar.com/2020-will-be-a-better-year-for-investment-in-maritime-and-logistics-start-ups/

Time running out to apply for UK Brexit training grants

UK freight forwarders have until the end of this week to apply for government funds to train staff and make IT improvements as they prepare for increased levels of post-Brexit customs activities.
In October, the government announced it was making £16m available “for customs intermediaries, traders and hauliers that make customs declarations to help them prepare ahead of Brexit”.
Robert Keen (pictured above), director general of BIFA, the trade association for UK …

The post Time running out to...

https://theloadstar.com/time-running-out-to-apply-for-uk-brexit-training-grants/

Supply chain radar: Kuehne + Nagel, defying price estimates, needs a ‘catalyst’

Kuehne + Nagel (K+N) is still living off the stock market rally seen when it reported its third-quarter (Q3) numbers on 22 October. Back then its shares swiftly flew past the key Sfr160 handle, staying above that threshold until now.
Its trailing figures were good indeed, rather than outstanding, though.
Now look at this
“As of last trade Kuehne und Nagel International AG (KNIN:VTX) traded at 164.55, -0.87% below its 52-week high of 166.00, set on Jan …

The post Supply chain radar: Kuehne +...

https://theloadstar.com/supply-chain-radar-kuehne-nagel-defying-price-estimates-needs-a-catalyst/

Seko Logistics ready to hit acquisition trail in Europe and SE Asia

Seko Logistics is eyeing further expansion this year following its largest acquisition to date, Air-City Inc, last week.
“We have evolved with phases of acquisitive and organic growth, and will continue on that track,” said vice president marketing Brian Bourke.
“We may do a tuck-in acquisition beyond the borders of the US this year: two interesting regions are the EU and South-east Asia,” he added.
Seko says it is looking for companies which, …

The post Seko Logistics ready to hit acquisition...

https://theloadstar.com/seko-logistics-ready-to-hit-acquisition-trail-in-europe-and-se-asia/

Supply chain radar: CMA CGM CEO Rodolphe Saadé and ‘the power of deal-making’

“CMA CGM has finalised the terms of its sale of 10 terminals as it seeks to reduce its enormous debt burden. The French carrier said it would receive $968m in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture. in which it holds 51% and Chinese port operator China Merchants the remaining 49%.” The Loadstar, 23 December 2019. 
I apologise if you are already …

The post Supply chain radar: CMA CGM CEO Rodolphe Saadé and ‘the power of deal-making’ appeared...

https://theloadstar.com/supply-chain-radar-cma-cgm-ceo-rodolphe-saade-and-the-power-of-deal-making/

SOL Lines takes a vertical step as it gains control of Scanlog

Gothenburg-based carrier SOL Lines has taken a majority stake in Swedish freight forwarder Scanlog, in another example of vertical integration in the supply chain.
SOL Lines announced today it had increased its stake in the 3PL from 20% to just over 50%, with chairman Michael Kjellberg saying the acquisition gave the company greater opportunity for providing end-to-end solutions.
“We’re aware that a number of our customers want logistics suppliers with the ability …

The post SOL Lines takes a...

https://theloadstar.com/sol-lines-takes-a-vertical-step-as-it-gains-control-of-scanlog/

Market Insight EXCLUSIVE: Hellmann gets new global ocean head ex-Schenker, cuts COO post

It’s that time of the year when management changes are announced, and market talk from several sides is that there have been some truly enticing developments at Germany’s Hellmann Worldwide Logistics, which ended up affecting its top management structure.
By way of background: Hellmann has been in restructuring mode for years, and was one of the very first rumoured targets I heard about when I started monitoring the industry in late …

The post Market Insight EXCLUSIVE: Hellmann gets new global...

https://theloadstar.com/market-insight-exclusive-hellmann-gets-new-global-ocean-head-ex-schenker-cuts-coo-post/

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