Freight: latest news, insights and analysis | ESM Magazine

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...

Beyond Meat Expects Sharper Growth In Second Half, Posts Smaller Loss

Beyond Meat said it expects sharper revenue growth in the second half of 2023 after reporting a smaller-than-expected quarterly loss on easing supply chain...

Thai Union Reports Decline In Sales, Profit In Q1 2023

Seafood giant Thai Union has reported a 41.5% decline in net profit to THB 1 billion (€27 million) in the first quarter of its financial year.

Danish Logistics Firm DSV Eyes Recovery In Global Trade Volumes

Denmark's DSV has predicted a recovery in global trade volumes after the firm surpassed profit forecasts in the first quarter despite seeing lower volumes...

Fresh Del Monte Reports 4% Net Sales Growth In FY 2022

Fruit and vegetable producer Fresh Del Monte has reported 4% year-on-year growth in net sales to $4.4 billion in its financial year 2022.

DSV Expects Lower Volumes To Impact Profit This Year

Denmark's DSV, the world's third-largest freight forwarder, expects its 2023 profit to be impacted by lower volumes in the first half.

'Party Is Over': Hapag Lloyd CEO Says Freight Rates To Keep Declining

Container freight rates will keep declining in the current realignment of shipping demand and supply, said Hapag Lloyd CEO.

Maersk Sees Container Demand Slowing As Recession Looms

Shipping group Maersk has warned of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this y...