Maersk has appointed John Wetherell (above) as its global head of airfreight forwarding. It is a step up from his previous position as regional head of airfreight, North America. Mr Wetherell has been at Maersk for two and a half years, joining from Ceva Logistics, where he was SVP airfreight North America. Previous positions include VP global air product at Uti Worldwide. His previous position at Maersk will be taken on by ... The post Maersk appoints John Wetherell to head its global airfreight forwarding appeared first on The Loadstar ..read more

PRESS RELEASE MONTREAL, April 23, 2024 – Air Canada and Air Canada Cargo today announced the addition of Chicago to its freighter network, starting June 2. The service will operate three times per week with a Boeing 767 freighter, connecting Air Canada Cargo’s global hub in Toronto with its self-handled warehouse operation in Chicago. “We are excited to add Chicago to Air Canada Cargo’s robust network, achieved through the strategic use of our ... The post Air Canada Cargo adds freighter service to Chicago appeared first on The Loadstar ..read more

Swiss 3PL Kuehne + Nagel today said there were emerging signs of improving demand, despite today’s first-quarter results that show a year-on-year 18% decline in turnover and a 28% drop in EBITDA. Group-wide revenue reached SFr5.5bn ($6bn), compared with the SFr6.75bn it posted in Q1 23, while EBITDA declined from SFr803m in Q1 last year to SFr576m this year. Revenues declined across its four divisions – ocean forwarding, air forwarding, road freight ... The post K+N looks past Q1 revenue drop to improved margins from restructure appeared first on The Loadstar ..read more

“Forwarders trust us,” insisted Damien Mazaudier, CEO of CMA CGM Air Cargo. “The market is already convinced [of our neutrality].” CMA’s airline last week announced the launch of its transpacific services, which it has wanted for some time. Mr Mazaudier explained that the delay was, in part, because of its commercial deal with AF-KLM, which has a partnership with Delta, triggering antitrust authorities to cap further movements in the US. “In parallel, ... The post Forwarders trust us to be independent, says CMA CGM Air chief Mazaudier appeared first on The Loadstar ..read more

MV Dali, which destroyed the middle three sections of the Francis Scott Key Bridge last month, left the port in unseaworthy condition and with an untrained crew, the city of Baltimore alleges in a new lawsuit against Grace Ocean and Synergy Group. The containership suffered power outages, leaving propulsion and steering unresponsive in the crucial minute as it approached the bridge, the crew powerless to prevent the collision. Following the incident, a ... The post Legal battle heats up over ‘unseaworthy’ and ‘reckless’ MV Dali appeared first on The Loadstar ..read more

First off, kudos to our trade sources, last month accurately predicting today’s quarterly financial release would be very solid* from the world’s largest forwarder by air and sea volumes. And solid it was, as also professed by group CEO Stefan Paul, although market reaction wasn’t supportive in early trade for the stock, down -3% to Sfr246 while the value of rival DSV held up on weakness, around the Dkr1,090 area. (*Then: the picture ... The post Plateauing Kuehne + Nagel still rules but isn’t liked very much appeared first on The Loadstar ..read more

The Loadstar has launched a series of reports on the ecommerce sector, which has been driving growth in air cargo. But are there clouds on the horizon that should worry air cargo stakeholders in particular?  “The biggest trend impacting airfreight is not the Red Sea [crisis], it’s Chinese ecommerce,” Bollore’s director of Greater China operations, Basile Ricard, told Reuters earlier this year. Indeed, the sudden rise of platforms like Shein and Temu, ... The post The rise and rise of China’s ecommerce platforms appeared first on The Loadstar ..read more

Paolo Guidi (above) has been appointed general manager of CMA CGM Italy, effective 1 May, replacing Romain Vigneaux. Mr Guidi joins from CMA CGM subsidiary Ceva Logistics, where he held the position of business development head for Italy. “An internal transition that comes after a three-year experience at Ceva Logistics, where Paolo supported Ceva Italia’s path toward growth and business development goals, and [he] is now ready to bring the same added ... The post Paolo Guidi to be new general manager of CMA CGM Italy appeared first on The Loadstar ..read more

Mexico’s box ports continue to boost throughput, fuelled by nearshoring and roaring trade with the US. Manzanillo, the nation’s largest gateway, clocked up 7.3% growth for the first three months of the year, with 8,324,581 tons. Imports surged 15.7%, while exports advanced at a more stately 6.4%. Box traffic at the port’s four container terminals climbed 17.7%, to 958,271 teu, driven by a 19.2% rise in imports. Manzanillo handles about one-third of Mexico’s ... The post Boxes piling into Mexican ports – but then piling up appeared first on The Loadstar ..read more

MSC, the only operator of Israel-linked container ships in the Persian Gulf, has begun shifting these vessels to other routes after Iranian forces seized the MSC Aries on 13 April. Two ships now serving the Himalaya Express service, the 14,272 teu MSC Jewel, and the 14,952 teu MSC Orion, are among those being diverted. MSC Jewel is now bound for Jawaharlal Nehru port after departing Lome on Friday. However, after its scheduled call at Jawaharlal ... The post MSC moves ‘Israel-linked’ ships out of Persian Gulf appeared first on The Loadstar ..read more