Freight Industry and Company News

NEWS

The latest industry, freight and company news from F.S. Mackenzie.

Further contraction expected in global freight forwarding

Global forwarding market is expected to contract a further 3.9% by the end of the year, 2023.

EU initiative will 'kick-start' large-scale production of sustainable maritime fuels'

The much-anticipated FuelEU maritime initiative has been adopted by the European Council, heralding a far more conclusive campaign of...

Not much to smile about in air freight, if you're not carrying e-commerce

The e-commerce market out of southern China remains strong in air cargo – but that appears to be the only joy on the horizon for...

How companies are taking control of their supply chain costs

The need for more investment in supply chains has been a common conversation in the C-suites of retailers, distributors and wholesalers...

CMA CGM hikes rates even as record ultra-large newbuild tonnage sails in

The French carrier said from 1 August it would increase its 20ft FAK rate to $1,075 and its 40ft rate to $1,950, which compares with the...

X-Press bucks the trend with order for more new feeder vessels

The huge containership orderbook is significantly weighted towards larger vessels, with little investment in recent years in replacement...