The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.
IP practices in Canada, Colombia among world’s worst
China featured prominently in the Special 301 Report for the 14th consecutive year.
Heartland Express drives up revenues
The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.
U.S. GDP growth sputters
The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.
ONE carriers post choppy FY 2017 results
NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as separate entities.
Old Dominion moves up a gear in Q1
The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.
U.K. eyes post-Brexit freight transport
The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.
Executive Moves: Specialized Carriers, Air Partner
An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.
Senate confirms new Secretary of State
Former CIA director Mike Pompeo gets the nod in a 57-42 vote.
Bolloré denies corruption charges
A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.