December U.S.-bound waterborne shipments finish a strong 2018, says Panjiva

United States-bound waterborne shipments in December capped a record-breaking year for global trade, according to data issued this week by global trade intelligence firm Panjiva. December shipments, at 1,053,009, marked an 8.8% annual increase, and full-year 2018 shipments, at 12,346,524, were up 6.4% annually, setting single-month and full-year records in the process.

Read on...

This Week in Logistics News (January 12 – 19)

Tuesday, January 15 marked the tenth anniversary of the dramatic landing of US Airways Flight 1549. I happen to be in New York for NRF on that day, so not surprisingly I saw a lot of media coverage. Shortly after takeoff, the Airbus A320 hit a flock of geese and lost all engine power. The…

Read on...

DSV confirms its offer to acquire Panalpina for roughly $4 billion

Hedehusene, Denmark-based global 3PL DSV said this week that it confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company. DSV made these comments in response to Panalpina’s January 16 announcement that it received an unsolicited, non-binding proposal…

Read on...