Greg Knowler

The forwarder joins several other companies in the transport and logistics sector that have also raised their profit guidance following better-than-expected results, namely

Given the volatile market environment, airlines have started reviewing fuel surcharges every two weeks as most long-haul freighter operators prepare to pass on the latest spike in prices to customers.

The ability to commit enormous human and financial resources to deploy AI-initiatives across divisions and geographies provides the world's two largest forwarders with a competitive advantage over smaller forwarders.

But the growth is overwhelming the port and inland logistics infrastructure needed to support it as enormous volumes from Asia flood the continent.

With Europe gripped by a blistering heatwave, operators on the crucial waterway warn the river may soon be impassable for cargo-laden barges.

It is shaping up to be a profitable year for the ocean carrier's new CEO Till Ole Barrelet, who took over the top job from Jeremy Nixon on July 1.

The industry groups expressed concern as reports emerge that Iran and Oman are in talks on future shipping arrangements for the strait that would include tolls on vessel.

The momentum generated by air and ocean demand during the quarter is expected to continue through the second half of the year, the company's CEO said.

While the AI equipment boom competes with e-commerce for air freight capacity out of Asia, the fast-growing tech shipments offer better yields and more opportunities for logistics providers.

Should the supply chain constraints lead to cuts in production at factories upriver, it could have significant economic implications for Germany, an analyst warns.