Freight: latest news, insights and analysis | ESM Magazine

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

Kuehne+Nagel's Annual Operating Profit Nearly Halves

Swiss logistics group Kuehne+Nagel reported a bigger-than-expected 49% drop in annual operating profit, citing weaker performance across nearly all its seg...

Proposed Tariffs Jump To Cut Ukraine 2024 Sowing Areas, Traders Say

Plans by Ukraine's national railways to raise transport tariffs will lead to increased losses for farmers, a new reduction in planted areas and lower expor...

Hapag Lloyd's Sees Nine-Month Net Profit Down 77%, Cuts Outlook

German container shipper Hapag-Lloyd has posted a net profit of €3.2 billion for the first nine months of 2023, down by 77% from a year earlier, and c...

Shipping Firm Maersk Sees Full-Year Profits At Lower End Of Range

Shipping group A.P. Moller-Maersk said that it now expects full-year operating profit at the lower end of its range, and the firm plans to cut 10,000 jobs...

Carlsberg Sverige Invests In Electric Trucks

Carlsberg Sverige has invested in a sustainable transport solution for southern and western Sweden with the freight mobility company Einride, as the brewer...

Logistics Firm DSV Hikes Profit Guidance After Strong Q2

Denmark's DSV, the world's third-largest freight forwarder, raised its full-year profit guidance earlier this week on the back of stronger-than-expected se...

Global Freight Cycle May Have Reached Lowest Point: Kemp

Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide...